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Canada Titan mineral company relevant leaders said, Empire State lead zinc ore company is located in the northern New York has officially resumed production at the same time the ore dressing plant began trial production, and reached the relevant underwriting agreement in the near future is expected.
In 2008 HudBay mining company when zinc prices fell sharply and closed to mine, in 2015 the company purchased Xingshan resources changed mine but failed to start production, December 2016 Titan mineral company of the mine ownership, and actively carry out preparatory work and resumption of production.
Jacqueline Allison, deputy director of corporate investor relations, said the project was restarted in the scope of the budget and the schedule. She said a related reimbursement agreement was close, but the details were not disclosed.
Titan said the underground mine repair work was progressing well, and more than 26000 feet of alley has been well repaired since the launch of the project in November 2017.
Keith Boyle, chief operating officer, said the Empire State lead-zinc mine now operates 24 hours a day, seven days a week without interruption, and the mine is expected to reach full capacity by early 2019 when the daily ore production will reach 1,800 tons . The zinc metal production is expected to be about 100 million pounds per year (about 45,000 tons / year), but the company's goal is to increase zinc production to more than 225 million pounds per year (about 100,000 tons per year) .