Nordic Mines starts installation of a cost efficient crushing function
(Thomson Reuters ONE) -
PRESS RELEASE, 22 May 2013 (A translation from Swedish)
Nordic Mines starts installation of a cost efficient and environmentally adapted
crushing function for an increased throughput in accordance with the action
plan.
After a thorough investigation to find a cost efficient solution for a crushing
function, the company has finally come to a conclusion how to design the
solution. The solution includes an establishment of a crushing function in
direct connection to the ore stock pile shed and the newly installed fifth
feeder that feeds the ore forward into the processing plant. Due to the
placement adjacent to the ore stock pile shed, the need for conveyers is
minimized, which simplifies the function. Moreover, it will have a positive
impact on the environment since the crushing function will get power from our
switchgear and the dust control will be reduced by adding water from the
adjacent water connection.
The crushing function pre-treats a portion of the material which comes from the
primary crusher to smaller fractions before the ore is fed into the processing
plant. After a number of test runs made to find the optimal composition of ore
into the processing plant, the throughput has stabilized at a higher level.
In a first step, the company will outsource the crushing function to a supplier
who will manage the crushing and invoice the company per crushed ore ton. In a
next step, the company can bring the crushing in-house.
"Due to a comprehensive test program it has taken some time to come to a
conclusion, but this crushing function solves many issues at the same time. The
throughput has stabilized at a higher level. The costs for crushing, loading and
hauling will be reduced quite instantly at the same time as the environment and
the company's cash position is taken into account" says Thomas Cederborg, CEO,
in a comment.
For further information, please contact:
Thomas Cederborg, CEO, +46 708 480 521
Susanne Andersson, CFO, +46 730 668 904
For further information regarding Nordic Mines, please connect to
www.nordicmines.com
The information above has been made public in accordance with the Securities
Market Act and/or Financial Instruments Trading Act. The information was
published at 08.00 (CET) on May 22, 2013.
Nordic Mines is a Nordic mining and exploration company whose vision is to be
one of the leading gold producers in the Nordics and Europe and a role model in
respecting the environment. The company started mining gold in the Laiva mine in
Finland in summer 2011. These gold deposits are among the largest in the Nordic
region. Exploration is in progress in Finland and in Sweden. Nordic Mines was
established 2005 and have more the 100 employees with head office in Uppsala,
Sweden, The Nordic Mines share is traded on the Nasdaq OMX Small Cap list in
Stockholm.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nordic Mines AB via Thomson Reuters ONE
[HUG#1703508]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 262324
Anzahl Zeichen: 3726
contact information:
Town:
Uppsala
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 129 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Nordic Mines starts installation of a cost efficient crushing function"
steht unter der journalistisch-redaktionellen Verantwortung von
Nordic Mines AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
