Flotation Mill Expanded For Crescent Mine Ore

摘要

New Jersey Mining Company reported that it has signed a Letter of Intent with United Mine Services, Inc., a subsidiary of United Mining Group, Inc. to expand its New Jersey flotation mill in order to process ores from the nearby Crescent mine as well as ores from the Company's mines. UMG would pay all the expansion costs, estimated to be 2.3 million dollars, to expand the mill to a processing rate of 15 metric tonnes per hour or 10,000 metric tonnes per month (mtpm). UMG would have the right to 7,000 mtpm with NJMC retaining the right to the remaining 3,000 mtpm. Either party may-use the other's milling capacity, if the other party is not using it.