19.9 C
Belgrade
Supported byspot_img
spot_img

Somincor invests €260M to more than double zinc production in Portugal

Member of Europium Groupspot_img
Supported byspot_img

Mining company Somincor has restarted work on a €260 million project to expand zinc production at its Neves-Corvo mine in Alentejo.

“There was a suspension of works on the surface because of strikes but the underground works, which began last May were never stopped”, the mine director told Lusa News Agency.

The company still expects to start production in the second half of 2019.

Supported by

Kenneth Norris said the project to expand production at the mine was very significant for Lundin Mining the Swedish-Canadian firm that owns Somincor and is of strategic importance for the Somincor operation.

He said the project would create “many jobs” during the construction phase (about 350) and during the operation if it was successful.

Somincor said it was a crucial investment to modernise the operation and to change over to a mainly zinc mine, which was essential for its long-term competitiveness.

The project expects to more than double the mine’s annual zinc production from a million tons to about 2.5 million tons.

Source: theportugalnews

Supported byElevatePR Digital

Related News

Rio Tinto Assures on 2500 Pages – There is a Solution for Every Danger

Rio Tinto executed a move announced six months ago – they published drafts of environmental impact studies on how harmful the lithium mine in...

Geopolitical struggle over Central Asia’s rare-earth reserves

Central Asia, encompassing Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, Afghanistan and Mongolia, holds vast untapped reserves of rare-earth minerals. Recent global developments have thrust these...

Guatemala revokes environmental license for Canadian-backed open-pit mine

The Guatemalan government has revoked the environmental license for a proposed open-pit mine near the border with El Salvador, citing multiple "anomalies," including forged...

Thailand’s $1.20 quadrillion mineral wealth: A catalyst for new industrial growth

Thailand is home to a treasure trove of mineral resources that could significantly boost its economy and spearhead the development of new industries. With...
Supported by
Supported by
Supported by
error: Content is protected !!