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Print[ferro-alloys.com]Consolidated Minerals (ConsMin) exited the chrome ore mining business as of July 22 when it stopped mining activity at its Coobina chromite mine. Although mining ceased#, processing operations will continue until stockpiled ore has been processed, most likely at the end of 2013.ConsMin’s decision to cease mining at Coobina is principally due to the recent decline in ore grades and yields, demonstrating that the mine has reached the natural end of its life as a viable commercial operation.
Coobina produced 102,600 mt of chrome ore and sold 111,200 mt in the first quarter of 2013 with a cash cost of $181 per dmt and an average f.o.b. sales price of $234. In the first quarter of 2012, Coobina produced 111,600 mt and sold only 75,500 mt. The unit cash cost was $191 and its f.o.b. sales price was $201.
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