20th Jan 2014 11:08
LONDON (Alliance News) - Wolf Minerals Ltd said Monday that its Hemerdon tungsten and tin project in Devon, south west England, had now progressed to being 'construction-ready' and construction is scheduled to commence in the second quarter of 2014.
Wolf Minerals expects production at the project to begin in the second half of 2015. The project is expected to cost a total of GBP123.2 million, and as at December 1 2013, there was GBP106.7 million in costs remaining.
Wolf Minerals said that it is finalising arrangements to complete the project's funding in parallel with construction.
Shares in Wolf Minerals were trading down 1.1% at 21.75 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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