The company was forced to halt production in August following discovery of water leaks at the hydroelectric plant which powers the mine. Production was resumed shortly after at a reduced rate as power generation at the plant continued at half capacity. This recent statement was released following consideration of production scenarios for repair work.
ITRI View: Prior to the discovery of issues at the plant, Minsur had targeted a 20 – 30% increase in tin production from Pitinga and was on track to meet this goal in the first half of 2015, where the mine produced 3,256 tonnes of tin, up 25% on the same period of the 2014. The work may also result in delays to Minsur’s “Pitinga Max” development plan that could result in a doubling of production from the mine over the next 4-5 years.