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Terrane Finalizes Contracts for Long Lead-Time Equipment - May 20, 2010 www.terranemetals.com/s/NewsReleases.asp?ReportID=400702&_Ty… "Vancouver, British Columbia: Robert Pease, President and CEO of Terrane Metals Corp. ("Terrane" or the "Company") (TRX: TSX-V), is pleased to announce that the Company has finalized contractual terms for the procurement of long lead-time equipment for its 100%-owned Mt. Milligan Gold-Copper Project. Purchase orders placed for process plant and power supply equipment represent approximately 12% of the total initial capital cost and are within budget and on schedule (see press release October 13, 2009). Metso is contracted to supply the primary crusher, SAG mill, two ball mills and other associated process plant equipment while ABB Switzerland Ltd. will supply process plant drive motors for the SAG mill and ball mills. Delivery is scheduled for Q4 2011. Siemens Canada Limited is contracted to supply the three main transformers for the mine site substation with delivery scheduled for Q3 2011. Mt. Milligan will be a conventional truck-shovel open pit mine with a 60,000 tpd copper flotation process plant. The first six years of the 22-year mine plan are designed to accelerate the extraction of near-surface and higher-grade gold reserves with production forecast to average 262,100 oz per year at a cash cost, net of a copper credit, of negative US$8 per oz. Mt Milligan will provide about 400 direct permanent jobs and significant long-term economic benefits for the region. ABOUT TERRANE METALS CORP. Terrane Metals Corp. is an exploration and mine development company focused on the development of the Mt. Milligan copper-gold and Berg copper-molybdenum-silver projects in British Columbia, Canada. Goldcorp Inc. (GG: NYSE; G: TSX) owns a 52.4% equity interest in Terrane on a fully diluted basis." |
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| aus der Diskussion: | Terrane Metals. "production of 221,530 ounces gold +90 million p. copper/ year expected." |
| Autor (Datum des Eintrages): | Popeye82 (05.06.10 13:52:49) |
| Beitrag: | 36 von 40 (ID:39636937) |
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