Terrane Metals continues to award contracts on its proposed $916-million Mount Milligan gold and copper mine in the Northern Interior.
The company has awarded two additional contracts, with ABB Switzerland Ltd. to supply motors for the mills and to Siemen AG for transformers for mine-site substations. Earlier this year, Terrane awarded a contract to Metso Minerals Industries to supply various mills, including the primary crusher mill.
... Responding to questions about the sinking price of copper and poor commodity markets:
"Should we get to the third quarter of 2009 and these markets are still terrible, and you can't (borrow) a nickel from a bank, obviously we are not going to be starting construction even if we get permits in place," said Pease.
However, the company has options if the financial picture doesn't improve, including delaying of the first-year's construction which might be able to be caught up at a later date
-- full article PG Citizen
Wardrop Engineering Inc. has been awarded the detailed engineering design and procurement contract for the Mt. Milligan Copper-Gold Project.
--- from opinion250
No comments:
Post a Comment