logo-loader
viewEquatorial Mining & Exploration Plc

Equatorial Mining & Exploration starts production at key tantalum project in Rwanda

Equatorial Mining & Exploration's (LON:EM.P) executive chairman Charles Bray tells Proactive London's Andrew Scott that since a shift in strategy their focus is now on tantalum mining in Rwanda.

''We've entered a co-operation agreement in Rwanda and what we're doing there is transforming an existing artisanal mine into a surface mining operation''.

He says heavy mining equipment, including the wash plant, has been acquired and is in transit to site while mining operations commenced this past week.

''Ideally what we're looking to do is transform the existing operations to one that looks more modern and efficient''.

Bray says they're looking at costs of around $1mln per mine site to make the switch and  that should boost productivity at least four or five-fold.

Quick facts: Equatorial Mining & Exploration Plc

Price: 0.04 GBX

NEX:EM.P
Market: NEX
Market Cap: 0
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Stobart Group PLC reports ' strong strategic and operational first-half...

Stobart Group (LON:STOB) CEO Warwick Brady and CFO Lewis Girdwood highlight what they believe to be the 'significant growth potential' within its aviation division and in particular at London Southend airport. Passenger numbers at the airport increased by 41.8% to 1.2 million in the six...

2 days, 16 hours ago

2 min read