Darryl Booth conducts an underground survey at Kidd mine.
Xstrata Copper, the world’s fourth largest copper producer, announced that it will invest $121 million to extend production at the Kidd mine in northern Ontario. The new investment will deepen what is already the world’s deepest zinc and copper mine to 9,500 feet from its current depth of 9,100 feet. It is expected that this will add 3.4 million tonnes of ore to the mine plan and extend the mine life by one year to 2017.
“The investment approval reflects Xstrata Copper’s commitment to the sustainability of Kidd mine and the Timmins community and its business strategy to continually implement improvements to enhance the value of its operations,” said Xstrata Copper Canada’s COO Claude Ferron. He added that the company’s safety record in deep mining and the confidence of employees and the community were instrumental in obtaining approvals.
Construction has begun and will culminate by mid-2010, creating about 75 new full-time jobs for the duration. This is not the first time Kidd mine has received a new lease on life. In 2007 and June 2008, the mining zone was extended to 9,100 feet and 9,500 feet, respectively, with additional investments of $148 million.
Kidd mine, near Timmins, Ontario, became operational in 1966. It is part of Xstrata Copper Canada, one of five operating divisions of Xstrata Copper. Together with the Kidd Metallurgical Complex, it employs close to 2,200 employees and contractors. In addition to copper, the new expansion will provide access to fresh deposits of 6.22 per cent zinc, 0.28 per cent lead and 80 grams per tonne of silver.