Metals X to restart Renison tin operation in Tasmania Metals X provided an update on its plans to re start its Renison operation in Tasmania.
As per release Metals X expects to begin re commissioning of the Renison concentrator in mid June. For three years the mill will be fed with ore from the Mt Bischoff open pit mine and Renison underground mine. Mining has already started at Mt Bishoff and will commence at Renison in May 2008.
Metals X forecasts that Renison’s total production of tin in concentrate will be 8,500 tonnes in financial year 2008/2009, rising to a temporary peak of 10,580 tonnes in 2009/2010. Initial cash operating costs net of copper by product credits are estimated at AUD 8,400 per tonne. A feasibility study on tin tailings treatment at Renison, which could produce another 5,500 tonne per year is due to be completed later this year.
MLX Price at posting:
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