Hi All Intec Followers.
The following shows the importance of the present crisis in the world's zinc market.
Gordonsville, Cumberland and Elmwood were expected to produce 110 to 120 million pounds of payable zinc, in concentrate with a full sustainable life of mine production level of 7,500 tons per day achievable by mid-year.
Well that was the idea.
Those 110 to 120 million pounds of zinc concentrate a year are now on hold.
Feb 20 (MARKET WIRE) -
Strategic Resource Acquisition Corporation ("SRA" or the "Company") is
pleased to announce that the primary crusher and production hoist are now
fully commissioned. Hoisting commenced yesterday from an underground
stockpile inventory of approximately 80,000 tons.
Systematic commissioning of the various surface and mill components by
onsite commissioning teams is nearing completion. The secondary crushing
circuit has completed commissioning and will begin crushing rock, while
plant air, seal water and process water systems have been tested and are
ready to receive ore.
The balance of the plant systems are progressing systematically through
commissioning. The rod mill liners are installed, lube systems complete
and review of the rod mill installation is being finalized. Initial run
with rock into the mill will begin by the end of this week.
For calendar 2008, production from all three mines - Gordonsville,
Cumberland and Elmwood - is expected to be 110 to 120 million pounds of
payable zinc, in concentrate with a full sustainable life of mine
production level of 7,500 tons per day achievable by mid-year.
No joy to the company or the shareholders of those mines but great news for anyone wishing to see zinc production curtailed.
Cheers.
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