Copper Mountain Mining Corporation (TSX: CUM) (the “Company” or “Copper Mountain”) is pleased to announce that the Copper Mountain Mine has completed loading its first shipment of concentrate to Japan. The first shipment was made up of 11,200 wet metric tonnes of concentrate containing approximately 5.6 million pounds of payable copper, 40,600 payable ounces of silver, and 2,470 payable ounces of gold with a combined value of approximately US $29 million based on LME pricing. Loading of the concentrate took approximately 18 hrs with no problems encountered with the new loading facility that was built for Copper Mountain. The MV Polaris Melody is expected to arrive at the Onahama port in Japan on September 21, 2011 for unloading and transportation of the concentrate to Mitsubishi’s Onahama smelter for processing.
CEO & President of Copper Mountain Mining Corporation, Jim O’Rourke
“In just 16 months since receiving our permits to build on April 1, 2010 we have reached our goal of our first shipment of copper concentrate headed to Japan for processing at our partners’ smelter in Onahama. We are all very pleased with the teams accomplishment in such a short time.”