https://www.engineeringnews.co.za

Fort Cady borate mine construction accelerated

18th June 2020

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

ASX-listed American Pacific Borates has accelerated construction activities at its Fort Cady borate mine, in the US.

This follows the June 1 announcement of A$77-million raised to fully finance Phase 1A of the mine.

In addition to the acceleration of construction activities, the company also reported positive exchange rate movements which have increased its budgeted US dollars. In this regard, discussions are progressing with respect to a potential dual listing on the NYSE.

According to CEO Michael Schlumpberger, with Phase 1A now fully financed, the company’s focus is on accelerating substantive construction activities, with the first priority being essential site infrastructure necessary for the broader construction of the Fort Cady borate mine.

American Pacific Borate is targeting initial production in the second half of 2021, and the earlier-than-anticipated start of construction activities should ensure that this is the case.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.5s - 140pq - 2rq
Subscribe Now