Atlas completes 13th shipment

MANILA, Philippines - Atlas Consolidated Mining and Development Corp. (Atlas) has completed its 13th shipment of copper concentrates for this year through its subsidiary Carmen Copper Corp. (CCC).

George Bujtor, executive director of CCC, said the latest shipment, brings to 26 the number of shipments made by the nickel firm.

The bulk cargo was loaded on board M/V MY AN for delivery to a smelter in Yantai, People’s Republic of China.

Laizhou Fangtai Metallurgy Chemicals Industry Co. Ltd of Shandong Province, P.R.O.C. was the registered consignee.

The shipment had a total volume of 5,617.180 wet metric tons (wmt). It was valued at approximately $10,700,000.

On Sept. 16, 2010, CCC posted record production at its concentrator plant of 42,540 metric tons throughput, and averaged 40,000 metric tons of copper ore per day during the week.

It is fast-tracking the full development of its North Lutopan pit in a bid to achieve the budgeted mining rate of over 42,000 metric tons per day.

Bujtor said CCC is ramping up its production to 50,000 metric tons by 2011.