Minco Announces Positive Economic Assessment on Woodstock EMM Project

  • Tuesday, July 15, 2014
  • Source:ferro-alloys.com

  • Keywords:Mn metal, Manganese metal, EMM, electrolytic manganese
[Fellow]On July 10, 2014, Minco announced the completion of a positive Preliminary Economic Assessment on its 100% owned Woodstock electrolytic manganese metal(EMM) project

[Ferro-alloys.com]On July 10, 2014, Minco announced the completion of a positive Preliminary Economic Assessment on its 100% owned Woodstock electrolytic manganese metal(EMM) project located 5 km west of the town of Woodstock and the junction of the Trans Canada and I95 Highways in west-central New Brunswick.

The Preliminary Economic Assessment (“PEA”) indicates a pre-tax Net Present Value (“NPV”) of CDN$846 million at a 8% discount rate and a pre-tax Internal Rate of Return (“IRR”) of 17.97%, based on a 3,000 tonne per day (“tpd”) open pit mining, hydrometallurgical and electrowinning operation, with a pre-production capital expenditure of CDN$864 million and average annual payable production of approximately 80,000 tonnes of electrolytic manganese metal.

  • [Editor:Mike.zhang]

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