Falconbridge (FL-T) reports that its Raglan nickel mine on northern Quebec’s Ungava Peninsula is expected to reach its rated capacity of 21,000 tonnes of contained nickel by mid-1998.
The $570-million operation produced its first nickel-copper concentrates late last year, three months ahead of schedule. The concentrates will be shipped this summer to Deception Bay and then Quebec City, where they will be transported by rail to Falco’s smelter at Sudbury for conversion into matte. The matte will then be sent by rail back to Quebec City, for shipment to Falco’s refinery in Norway.
At last report, proven and probable reserves stood at 14.4 million tonnes averaging 3.17% nickel and 0.88% copper, plus possible reserves of 6.1 million tonnes averaging 2.97% nickel and 0.88% copper.
Falco describes Raglan as having “great expansion potential.” Based on recent exploration successes, the company figures it can expand production to 30,000 tonnes of contained nickel annually.
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