On the verge of beginning its mining activities Canadian-based Ivernia Incorporated has revised its production rate for the first phase of the Magellan lead project in Western Australia. Some 20,000 tonnes of product were added to the output, bringing it up to 90,000t per annum. The project is operated by Magellan Metals Pty Ltd, which is 51 percent-owned by Ivernia and 49 percent-owned by Sydney-based private investor group Sentient. Commissioning of the mine is due in January with lead concentrate production scheduled for the first quarter of 2005. The operation is scheduled to produce 410,000t of lead (904 million pounds) over the first five years of its 14-year life. By 2006, Magellan expects the project will be one of the top three lead mines in the world in terms of annual production of contained lead metal. It will be producing close to 5 percent of the Western World's lead mine production.
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