Coppercore Signs 10-Year Lease for Colombian Copper Facility
Coppercore Secures a Decade-Long Lease in Colombia to Process 1,000 Metric Tons Monthly
Coppercore Inc. has secured a 10-year lease for a copper concentration facility in the Magdalena Department of Colombia. The agreement includes an option to purchase the assets outright.
The company targets an initial output of 1,000 metric tons of copper concentrate per month. This capacity is designed to scale to 2,000 metric tons within 18 months.
Expansion Targets and Production Volumes
The facility will process oxide copper ores using a proprietary alkaline flotation method. This approach avoids sulfuric acid leaching and eliminates acidic effluent.
The initial concentrate grade is expected between 22% and 25% copper. Silver credits average approximately 300 grams per ton. The metallurgical recovery rate is modeled at 80%.
Renewable Energy Integration in Operations
Coppercore plans to power the site with solar and wind energy. The location benefits from high solar irradiance and consistent trade winds.
The company intends to use fully electric trucks for logistics. This strategy aims to reduce the carbon footprint of the supply chain.
Market Context and Supply Shortfall
Global copper demand is rising due to electrification and data center construction. The International Energy Agency projects a 30% supply shortfall by 2035.
Coppercore will supply acid-free concentrate to industrial buyers. This aligns with stricter environmental screening in the copper market.
