US Molybdenum Operations, US


Photo by Centerra Gold
Name of the Project
US Molybdenum Operations (US Moly).
Location
US Moly comprises the Langeloth metallurgical facility near Pittsburgh, in Pennsylvania, and the Thompson Creek mine in Idaho, both in the US.
Project Owner/s
Centerra Gold.
Project Description
The project entails the restart of operations at Thompson Creek and a progressive ramp-up of production at Langeloth. When Thompson Creek starts production, it will supply additional high-grade and -quality feed to Langeloth, allowing for a ramp-up of production towards Langeloth’s full capacity of 40-million pounds a year.
At full capacity, the molybdenum feed processed at the Langeloth facility is expected to be supplied by Thompson Creek (about one-third of the feed), and by third-party providers (about two-thirds of the feed).
Thompson Creek is a large openpit primary molybdenum mine. It was a producing mine until it was placed on care and maintenance in December 2014. The mine has established site infrastructure, processing facilities and an equipment fleet.
Thompson Creek production is estimated at 146-million pounds. Average molybdenum production is estimated at 13-million pounds a year over a projected 12-year mine life.
Potential Job Creation
Not disclosed.
Net Present Value/Internal Rate of Return
US Moly has a net present value, at an 8% discount rate, of $472-million and an internal rate of return of 22%.
Capital Expenditure
$397-million. Capital investment to restart Thompson Creek is expected to be funded largely from Centerra’s cash flow from operations.
Planned Start/End Date
Thompson Creek is scheduled to start production in the second half of 2027.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Centerra Gold, tel +1 416 204 1953 or email info@centerragold.com.
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