|Home News Conferences Commodities Publications Business Directory Resources Help|
:: Potential Extension of Baie Verte Peninsula Mine Operation Made Possible Through Investment in Innovative Technology
The Research & Development Corporation (RDC) announced today an investment of $750,000 in support of a demonstration plant at Rambler Metals’ Ming Copper-Gold mine in Baie Verte. This demonstration technology has the potential to significantly extend the life of the Ming Mine beyond the current six years. The Honourable Susan Sullivan, Minister Responsible for RDC, made the announcement today at the Geo Centre.
“Research and development is integral to the growth of Newfoundland and Labrador’s mining industry. This investment marks a positive step in increasing the potential for new resource development and a commitment to economic growth in the province. RDC’s continued investment will help provide new R&D infrastructure to facilitate new and better ways to access and develop our resources in a responsible manner."
The total value of the project is $3.8 million, with Rambler Metals providing the balance of funding. The project is aimed at reducing operating costs while processing previously unusable material, potentially making up to 18.2-million-tonnes of copper ore viable.
“Mines in rural communities, such as the Ming Copper Mine in Baie Verte, play an important role in securing economic and employment opportunities for the people of Newfoundland and Labrador. Strategic investments in the mining sector, such as the one announced today, represent a further investment by the Provincial Government in the mining industry. Our government maintains strong support of the industry through long-term investment in geoscience and the Mineral Incentive Program."
Rambler Metals’ bench-scale testing has proven positive, and the company will now work to increase testing to a full scale demonstration project.
“This new application of technology has tremendous potential. The possibility of adding years to the life of the mine has immense implications on the prospective long-term economic benefit to the region, and on the mining industry in Newfoundland and Labrador."
If the demonstration plant is successful and operating parameters are optimized, the company may introduce this technology into its mining operations at the Ming Mine in order to access the Lower Footwall Zone (LFZ), an area that currently is not included in its mine plan. Additional information on the technology’s use in mining can be found in the backgrounder below.
“The pre-concentrate produced from the demonstration plant, approximately 200 metric tonnes per day, will be processed in addition to the existing planned production presented in the fiscal guidance. A new two stage crushing unit has been purchased which will provide various feed sizes for the plant, and will be incorporated into the existing operation with an aim to further increase mill throughput. A full review of the possible increases in production will be evaluated following the completion of the project."
RDC is a provincial Crown Corporation responsible for improving Newfoundland and Labrador’s research and development performance. RDC works with research and development stakeholders including business, academia and government agencies to make strategic investments in people, R&D opportunities, and infrastructure. Additional information on RDC can be found at: www.rdc.org.
Rambler Metals is a mining and development company that brought its first mine into commercial production in 2012. The group has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year round bulk storage and shipping facility, all of which are located on the Baie Verte Peninsula.
© 1998-2017, Minerals Engineering International