GREY:NEVDQ - Post Discussion
Post by
Dragonflyinvest on Oct 31, 2024 9:16am
Nevada Copper in the news.
"
Nevada Copper Corp, taken over by private equity firm Kinterra Capital in August, is ready to restart its Pumpkin Hollow underground mine after it emerged from Chapter 11 bankruptcy protection this year. Nevada Copper operates both underground and open-pit mining. It changed hands several times as investors jumped in to unlock its open pit potential after feasibility studies pointed to higher ore grade material.
“We see long-term value in the open pit project. And once we do the institutional work and develop project financing for it, we think major mining companies will be interested in buying the project from us,” said Kamal Toor, co-managing partner at Kinterra Capital.
Total volume at Nevada Copper is estimated at 3.5 million tons. The underground mine is essentially a restart, Kinterra co-managing partner Cheryl Brandon said, adding the open pit operation could be producing by the second half of this decade, ranking among the biggest in the US."
Abandoned copper mines embraced as fast track to boost output - MINING.COM
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