13.3 C
Supported byspot_img

Almonty to reopen Los Santos tungsten mine in Spain utilising new flotation approach

Member of Europium Groupspot_img
Supported byspot_img

Almonty Industries Inc says that plans are now well advanced to reopen the Los Santos former tungsten producing mine in Spain, which has been in planned care and maintenance since 2020.

Since that time, Almonty has been undertaking studies into the re-commencement of production from Los Santos via the retreating of tailings, utilising the company’s flotation technology developed for the Sangdong Tungsten Mine in South Korea.

Almonty estimates that re-opening will be effective from Q3 2023 depending on the delivery times of some flotation plant items adding that under normal conditions these items are readily available. The company intends to retreat the tails to capture the more than 800,000 tons of W03 contained within sands and torta. The overall average grade of the tails is 0.14% and was published in its latest JORC report.

Supported by

It is expected that earnings from reopening of the Los Santos Mine will be similar to the earnings at the existing Panasqueira producing mine in Portugal. Capital expenditure is expected to be <$1.3 million.

Almonty’s Chairman, President and CEO Lewis Black commented: “We have spent a number of years refining our process for the Sangdong Tungsten Mine with the use of our pilot plant. What became apparent was the technology that we had developed that sat alongside the traditional flotation techniques could be adapted to our other sites, especially in dealing with finer material which is normally the inhibitor to treating tails commercially.”

He adds: “We have now successfully established that our Sangdong process can commercially treat the Los Santos tails, and with a minimal amount of adjustment to the already existing flotation circuit at Los Santos, we will now begin to plan for bringing the Los Santos Mine back into production. This re-opening will not distract us from the build in South Korea, as all key members of Los Santos are still in place. We expect this plan, once enacted, to generate similar earnings to our existing Panasqueira production mine in Portugal and therefore will have a material effect to our current revenue and earnings as we continue to construct Sangdong.”


Source: International Mining

Supported byElevatePR Digital

Related News

Weardale Lithium proposes advanced extraction plant in County Durham, UK

Weardale Lithium Limited, a natural resources company based in County Durham, UK, has recently filed a planning application with Durham County Council. This application...

EU nations present critical minerals investment strategies at Raw Materials summit

Representatives from leading nations disclosed their plans for critical minerals public funds at this year's Raw Materials Summit in Brussels, aiming to attract investment...

Final legal discussions underway for EU-Serbia lithium trade partnership

Commissioner Maroš Šefčovič revealed that the final legal obstacles are being addressed before the EU-Serbia trade partnership, focused on sourcing lithium from the Jadar...

Unraveling China’s secretive mineral resource strategy: Impact on EU policy

In the midst of the EU's efforts to reduce reliance on China for critical mineral supplies, China's opacity regarding long-term plans for its mineral...
Supported by
Supported by
Supported by
error: Content is protected !!