FORTUNE MINERALS: ... on hold? ...SK? ...NWT? (MAP)

FORTUNE MINERALS: ... on hold? ...SK? ...NWT? (MAP)

Postby Oscar » Thu Jul 19, 2018 8:22 am

Fortune Minerals considers putting Saskatoon-area refinery plans on ice (MAP)

[ ... skatchewan ]

Mining company says businesses are talking about buying ore concentrate straight from proposed mine in N.W.T.

David Shield · CBC News · Posted: Jul 18, 2018 12:39 PM CT | Last Updated: July 18

(PHOTO: A drawing of a proposed Fortune Minerals refinery that would be built near Dalmeny. (Fortune Minerals))

Plans for a controversial refinery project near Saskatoon in the Rural Municipality of Corman Park may be deferred by Fortune Minerals.

For years, the company has been talking about building a mine in the Northwest Territories that could produce ore containing cobalt, gold, bismuth and copper sulphate. The concentrated ore would then be refined at a facility near Langham, Sask., 30 kilometres northwest of Saskatoon.

However, Fortune has now said those plans might be changing.

"We've been approached by large mining and refining companies with interest in directly purchasing the concentrate that we'd produce in the Northwest Territories," said spokesperson Troy Nazarewicz. If that happens, the refinery wouldn't be immediately needed.

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