Re: Lundin shuts down mine. 15.9% Zinc, +4% Lead... 2.89 Mt PR

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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khareema

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Re: Lundin shuts down mine. 15.9% Zinc, +4% Lead... 2.89 Mt PR

posted on Jan 22, 2009 08:23AM

They had 2.89 mill tons in 2005. They have been mining it at the rate of 66o,ooo tons year. This would put them down to mining the little bits that are left, and with the present prices why bother. They are probably shuttering it 6 months ahead of when they would have done so anyway.