Highland Valley Copper: a strategy for increased productivity

"In mid-I986, a world-class mining enterprise was created in British Columbia, bringing together the copper mining operations of Lornex Mining Corporation and Cominco into a new entity, Highland Valley Copper. This paper will focus on the background and rationalef or the formation of this partnership, the resulting operating changes and the productivity and cost benefits expected.IntroductionSince the deterioration of the world copper industry in 1981, the future of the Lomex and Cominco mines in the Highland Valley of British Columbia looked increasingly precarious. Despite the expansion of the Lomex mill complex in 1981 to one of the world's most cost-efficient copper and molybdenum concentrators, persistent low metal prices had made the remainder of the ore in the Lomex orebody marginally economic and had significantly foreshortened the expected life of the operation.Cominco had acquired the Bethlehem Copper assets in order to consolidate its ownership of the Valley orebody, and was feeding the Bethlehem concentrator with ore from the Valley orebody. In spite of the high grade and free-milling character of the Valley ore, profitability of the Cominco operation was severely restricted because of the limited capacity of the Bethlehem concentrator and its location high on the hillside above the orebody."