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Ormonde Mining plc

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.

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Price: £0.02

Market: AIM
Market Cap: £11.34 m
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Watch

Ormonde Mining's Steve Nicol upbeat as Barruecopardo tungsten mine continues...

Ormonde Mining managing director Steve Nicol sat down with Proactive Investors to talk us through the busy phase of work currently underway as the development of the Barruecopardo tungsten mine progresses towards completion. Fully funded, fully permitted and on track for a 2017 start up,...

on 27/7/16

2 min read