# CMOC and Sumitomo approve $200M block cave project at Northparkes Mine

China Molybdenum Company (CMOC) and Sumitomo have given final approval for the development of a new block cave mine at their Northparkes Mines joint venture in New South Wales, Australia, with an investment of over $200 million over three and a half years. Construction starts January 2019, full production expected mid-2022.

- Type: Investment
- Announced: 2019-01-08
- Where: New South Wales, Australia
- Value: $200.0M
- Jobs: 180
- Starts operating: Q3 2022
- Status: announced
- Capacity: 40 million tonnes of copper-gold ore over ten years
- Products: copper-gold ore
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Northparkes Mines](https://endata.com/companies/36549.md)
- [Sumitomo Corporation](https://endata.com/companies/6281.md) (investor)
- [China Molybdenum](https://endata.com/companies/20071.md) (investor)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/cmoc-sumitomo-approve-block-cave-project-at-northparkes-mine/), 2019-01-08: "We are really excited to see this project come to fruition and to watch Northparkes continue to develop and grow."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.