First Quantum signals potential restart of Ravensthorpe mine
According to the company, initial planning for the resumption of operations at Ravensthorpe has begun.
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According to the company, initial planning for the resumption of operations at Ravensthorpe has begun.
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Approval is subject to conditions, including the protection of national park water resources and endangered ghost bats.
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SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
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The company added 4,800 hectares to the mine site by signing a deal with a local prospector and through staking.
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The Vancouver-based miner is getting the properties as part of a deal to acquire Journey Exploration.
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Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
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