30th Apr 2014 15:36
LONDON (Alliance News) - Wolf Minerals Ltd Wednesday said that it plans to start production in 2015 at its Hemerdon tungsten and tin project in Devon, England, from which it expects to produce 3,500 tonnes of tungsten in concentrate yearly.
The company raised AUD182.7 million in March to fund the construction of the project. Construction commenced on the project in February.
In June, Wolf Minerals plans to demolish the processing plant's existing infrastructure, construct a mine access road, and plan site earthworks. Then it will begin creating concrete foundations for the processing plant's main building, complete a mine haul road, and begin construction of a mine waste facility.
Shares in Wolf Minerals closed down 0.7% at 17.00 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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