Norsemont to Select Engineer for Constancia Copper Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--Norsemont Mining Incorporated (TSX:NOM) (Toronto, Ontario), through subsidiary Norsemont Peru SAC (Lima, Peru), recently released a definitive positive feasibility study for the company's advanced Constancia copper and molybdenum mine project in Peru. Constancia is a large-scale porphyry deposit located 4,100 meters above sea level, in the Andes Mountain, some 100 kilometers south of Cusco.

The definitive feasibility study, which was performed by GRD Minproc Limited (Perth, Australia), indicates the construction of an open-pit mine operation and a nominal 50,000-ton-per-day sulphide concentrator plant to produce concentrates of copper and molybdenum, as well as silver and gold as by-products. The Constancia mine is expected to produce 101,900 tons per year of copper over 15 years. The capital cost for developing the project is estimated at approximately $846 million.

Knight Piesold Consultores S. A. (Lima, Peru) is in charge of the Economic and Social Impact Assessment that will be presented to Peruvian authorities in December 2009. Final permitting is expected to be granted by the end of 2010, allowing construction works to start. Project completion is set for mid-2012.

Norsemont Mining is a Canadian mineral exploration and developing company focused on advancing its fully owned Constancia copper mine project. Norsemont also owns two other copper deposits in Peru, Pampacancha and Chiroloya South, both located near to the Constancia project.

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