Loading...
You are here:  Home  >  Economy  >  Current Article

Preliminary report shows opening old CG open pit mine profitable

Posted by   /  March 16, 2020  /  No Comments

    Print       Email

(Disclosure: Rose Law Group represents Elim Mining.)

By Suzanne Adams-Ockrassa | Casa Grande Dispatch

CASA GRANDE — One of two companies competing to reopen the old Sacaton Mine near Casa Grande is inching closer to success while the other has faced a minor setback.

Elim Mining Incorporated released its preliminary economic assessment to investors on Tuesday. The assessment is a preliminary report to show if it is financially feasible to reopen the mine.

The assessment states that the stockpile of rock that had a grade of copper that was too low to make it profitable to extract the last time the mine was open in the 1980s has enough ore in it to fund at least eight years of operations using today’s mining processes.

READ ON:

    Print       Email
  • Published: 2 months ago on March 16, 2020
  • Posted by:
  • Last Modified: March 16, 2020 @ 10:12 am
  • Filed Under: Economy
  • Tagged With:

Leave a Reply

You might also like...

Passenger counts down 92.9 percent in Phoenix

Read More →