Union files complaint against Orla Mining, alleging violation of worker rights in Mexico
The complaint is only the second of its kind made from Canada using CUSMA’s RRM process since the trade deal came into force in 2020.
Northern Graphite (CVE: NGC) of Ottawa has taken a closer look and updated some parameters for its Bissett Creek graphite project between Ottawa and North Bay. The updates were done by G Mining Services.
The review contains an improved net present value and internal rate of return numbers. The after tax NPV at an 8% discount is now $198.2 million, up from $150 million in the preliminary economic assessment. The after tax IRR is 25.0%, up from 22.0%. Using a graphite price of $2,276 per tonne, rather than $1,890/tonne, certainly helped improve the economics.
Northern Graphite now says the project has a pre-production capex of $106.5 million, and $47.5 million for a proposed expansion. Sustaining capital requirements are $61.5 million. Construction will be done in two phases – the first at a rate of 20,000 t/y and the second at 38,400 t/y.
SGS Lakefield is currently confirming recoveries, concentrates and flake size yields. Once these results are obtained, Northern Graphite will consider whether it wants to file a new 43-101 report for Bissett Creek.
Meanwhile, the company is updating the phase one feasibility study. Commercial production could start in 2020.
This article originally appeared in the Canadian Mining Journal.
Comments
Obnoxious_and_Disliked
Woo Hoo. My investments in Carbon are soon to payoff.