Mining News of Note Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (34666)	3/25/2009 8:18:11 PM
From: LoneClone	Read Replies (1) of 194406

Norwegian firm gets nod for S. Luzon nickel project bworldonline.com THE ENVIRONMENT department yesterday approved the mining permit of Oslo-based miner Intex Resources ASA for a nickel project in southern Luzon. Intex wants to raise funds for the 9,720-hectare nickel mine by next year, after the completion of a definitive feasibility study. "When we have all the permits and the feasibility studies, we will go to the capital markets," Intex President and Chief Executive Officer Erlend Grimstad told reporters. Mr. Grimstad said Intex expects to start commercial operations late in 2012 or early in 2013. Intex had deferred its definitive feasibility study to the last quarter of the year from the previous target of completing it within the first quarter given the economic slowdown. The company initially expected to invest $2 billion for the first stage of developing the mine, which is estimated to produce 40,000 metric tons of nickel and 3,000 metric tons of cobalt per year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next