PRZOOM - /newswire/ -
Sarasota, FL, United States, 2007/03/28 - One Canadian province is ready to get its first new metals mine in a decade, according to a recently published interview on StockInterview.com. Higher molybdenum prices offer a blessing to a delayed mine opening.
Just as Chinese molybdenum exports may be falling, Canada’s province of British Columbia could have its first new metals mine opening in the next few months. Roca Mines’ MAX underground molybdenum mine is now in the final construction stage, according an interview conducted with the company’s chief executive. Roca Mines Scott Broughton told StockInterview, “We have 50 people working at the site, all working hard to make it come together. We are going to be very proud of it when it’s all bolted together, and it’s actually producing cash flow.”
A record winter snowfall delayed mill construction at the mine site, but this provided the company an opportunity to expand production capacity. Broughton said this allowed the company to “accelerate the installation of a second mill, ball mill in our concentrator. That was going to allow us to recover from a delayed start-up and still meet the production targets that we would like to meet for 2007.”
According to the recent interview, Broughton told StockInterview.com he thought his company could still meet its 2007 production target of three million pounds of molybdenum.
Stockinterview.com is an online news service, which provides investigative reporting, editorial, analysis and provocative commentary of the nuclear fuel cycle, uranium mining, nuclear power, energy and the environment, biotechnology research and the natural resource industry. StockInterview.com is now the most popular website for uranium mining stocks as a result of its best-selling publication, “Investing in the Great Uranium Bull Market: A Practical Investor’s Guide to Uranium Stocks.”
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