ENERGY MINERALS

Magna issues Shakespeare feasibility, Mitsui interest

Magna Mining has announced a feasibility study for the Shakespeare open pit and underground nickel-copper project near Sudbury in Ontario, Canada for a 4,500 tonnes per day operation over about seven years of mine life following an initial capital requirement of US$232.9 million.

 Magna Mining's Shakespeare in Ontario, Canada

Magna Mining's Shakespeare in Ontario, Canada

The base case details the production of concentrate with an aggregate recovery of 65.7 million pounds nickel, 86.7Mlb copper, 3Mlb cobalt and 177,000 ounces of PGMs. The project yields an after-tax net...

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