CVRD Inco has announced that it will spend
$400 million to reopen Totten Mine, west of Sudbury.
The company expects the mine to be in full
operation in 2011.
Life expectancy is estimated
to be 20 years.
Totten Mine was closed in 1972.
The company will...
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CVRD Inco has announced that it will spend
$400 million to reopen Totten Mine, west of Sudbury.
The company expects the mine to be in full
operation in 2011.
Life expectancy is estimated
to be 20 years.
Totten Mine was closed in 1972.
The company will also invest $45 million for
further study and early exploration work on the
Copper Cliff Deep project, which will consolidate
and expand the current Copper Cliff North and
South Mines and provide access to the underdeveloped orebodies around Kelly Lake and Murray Mine.
A total of 600 new jobs will be created as a result
of both projects.
The announcement came on the
heels of posted net record earnings of $2.
6 billion
in the first quarter, up 131 per cent from $1.
1 billion
in the same period last year.
O
ne of the Sudbury Basin’s most impressive research and technology assets,
the former Falconbridge Technology
Centre, is coming out of the closet.
Specializing in process mineralogy, extractive metallurgy, process control and mate
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