Project Description
Glencore is the owner of Xstrata including Mount Isa Mines and processing facilities.
Confirmatory due diligence of Glencore’s regional copper division assets by independent valuation and assessment.
Project Details
Client: GLENCORE
The Challenge
- The scope covered the copper concentrator and smelter, including IsaSmelt, Mount Isa Mine, Mount Margaret Mine, Monakoff Mine and the Ernest Henry mine (open cut and underground) and concentrator
- Assessing the present capital worth of ageing assets commissioned over the full historical spectrum of the Mount Isa and Ernest Henry operations in a compressed time frame with imperfect capital and maintenance data required the full depth of Flagstaff’s knowledge and experience
The Outcome
Report submitted met the required deadline and, notwithstanding some surprise assessments, accepted and acknowledged by Glencore as competent and delivering satisfaction of the objective
