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Ormonde Mining says Barruecopardo project commissioning scheduled to commence third quarter 2018

Ormonde Mining PLC has says the Barruecopardo Tungsten mine will be ready for commissioning in the third quarter of 2018

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Barruecopardo Tungsten mine project in Salamanca scheduled to commence in the third quarter of 2018

Ormonde Mining PLC (LON:ORM) has said the Barruecopardo Tungsten mine project in Salamanca, Spain is well into its construction period, with commissioning scheduled to commence in the third quarter of 2018.

The AIM-listed miner said key developments include the commencement in October of civil works for the crush and screen plant, with mass concrete footings poured and reinforcement installation in progress.

READ: Ormonde Mining makes good progress with Barruecopardo construction

The group also said construction of earthworks for the Main Water Dam and Return Water Dam were recently completed, with under-drainage works nearing completion, and dam liners being manufactured.

It added that the mining of waste from the open pit area for run-of-mine pad fill material has commenced as well and the first process plant equipment has been delivered to site.

In its construction update, Ormonde said some 100 people are now working on the project, including 32 from Barruecopardo and surrounding communities.

Michael Donoghue, Ormonde's interim managing director said: “There have been a number of significant advances seen during the latest quarter” and “plant erection and installation scheduled for the early part of 2018."

Views of recent construction activity can be seen on Ormonde's website, including an updated drone overflight video.

Quick facts: Ormonde Mining plc

Price: 1.4125 GBX

AIM:ORM
Market: AIM
Market Cap: £6.67 m
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