8.8 C
Belgrade
Supported byspot_img
spot_img

Somincor Mine invests €260M to more than double zinc production

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.

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!