AMAK targets commercial production at Al Masane project in Q1 2024

Logo of Al Masane Al Kobra Mining Co. (AMAK)

Al Masane Al Kobra Mining Co. (AMAK) said that Al Masane mine expansion project (Moyeath orebody development) is in the final stages of construction and preparation works necessary to start the cold commissioning.

The plan is moving as per the project’s schedule, the mining firm said in a statement to Tadawul.

Experimental tests are likely to begin at the end of Q4 2023, while the initial commercial production phase will commence during Q1 2024.

The new processing plant was designed to process Moyeath orebody specifically and has a design capacity of 400,000 tons per year.

Any significant developments in this regard will be disclosed in due course.

According to data compiled by Argaam, work began on Al Masane mine expansion project in 2022. The project aims to increase the production capacity of the subsurface mine by establishing a new processing plant to process Moyeath orebody reservoir with a production capacity of 400,000 tons per year. Therefore, the production capacity of Al Masane mine will reach 1.2 million tons per year.

AMAK’s production capacity of copper and zinc will be increased by 50% and 80%, respectively, in addition to gold and silver.