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102. Schefter Mining operates a copper mine in Wyoming. Acquisition, exploration, and development costs totaled $8.2 million. Extraction activities began on July 1, 2013. After the copper is extracted in approximately six years, Schefter is obligated to restore the land to its original condition, including constructing a park. The company's controller has provided the following three cash flow ...

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This new copper technology utilizes smelter acid to produce copper from oxidized ores and mine wastes. Today, worldwide, approximately 20% of all copper produced is produced by this is process. In Latin America, the total is closer to 40% whereas in the United States the total is approaching 30%.

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A simplified schematic drawing of copper flotation flowsheet. Run-of-mine open pit ore will be crushed in a gyratory crusher. The crushed ore will be processed by means of semi-autogenous and ball mill grinding followed by rougher flotation, regrind, cleaner flotation, and dewatering to produce copper …

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The process from exploration site selection, through target generation, resource evaluation and ore deposit definition costs tens of millions of dollars, before the potential for a copper mine is confirmed, with that the path to production is still many years away.

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Copper processing is a complicated process that begins with mining of the ore (less than 1% copper) and ends with sheets of 99.99% pure copper called cathodes, which will ultimately be made into products for everyday use.

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