Re: Cliffs: Opportunity For New Direction towards Real Market Diversification
posted on
Aug 11, 2014 12:42AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
My memory never serves me correctly and I am forced to do research all the time.
The $3.3 billion project estimate included infrastructure spending and costs to build a ferrochrome processing facility in Ontario, among other costs, she said.
In January [2012], Cliffs said it was budgeting $150 million for mine development, $800 million for a concentrating plant and $1.8 billion for a ferrochrome processing facility. An integrated transportation system, including an all-weather surface road, will cost an additional $600 million, although part of that cost would be borne by the Ontario provincial government and other industry participants.
Again, it’s estimated it will cost nearly $600 million to build a north-south transportation corridor cutting across the Fort Albany River area to reach the smelter.
Approximately half of the concentrate would be shipped to a proposed $1.8 billion ferrochrome processing facility in Sudbury, with the remainder destined for export markets.
$1.800
800
150
600
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$3.350M