Anglesey Mining's 33 percent owned Labrador Iron Mines (TSE:LIM) said that the first train carrying direct shipping ore left for port yesterday (June 29).
"This train represents the first commercial iron ore train movement from the Schefferville area in almost 30 years," said LIM today as it updated on operations and revealed full year results for the year to March 31 2011.
It comes after ore mining operations began at the James Mine earlier this month, where full scale mining is now in full swing.
Around 120,000 tonnes of iron ore have been stockpiled so far and mining will continue until November at a rate of around 15,000 tonnes of ore per day, said LIM.
The Silver Yards processing plant, expected to continue to operate through to November, has a planned initial processing rate of 6,000 tonnes per day, which will be incrementally increased to 10,000 tonnes per day.
LIM's Schefferville project envisages the development of 20 direct shipping iron ore deposits in western Labrador and north-eastern Quebec near Schefferville, Quebec.
It is estimated that around 2.5 million tonnes of ore will be mined from the James Mine during the current financial year and, subject to weather, around one million tonnes of saleable product will be railed to the Port of Sept-Iles. Link to full news story here.
Team Picture
Drilling Camp Rockland's Retty Lake Cu-Ni-PGM Property, Labrador Trough, Quebec June 2011
No comments:
Post a Comment