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FORTUNE MINERALS ANNOUNCES COMPLETION OF GOLDEN GIANT MINE PROJECT FOR RELOCATION OF EQUIPMENT TO NICO
FORTUNE MINERALS ANNOUNCES COMPLETION OF GOLDEN GIANT MINE PROJECT FOR RELOCATION OF EQUIPMENT TO...
About this update from Fortune Minerals Limited
[{"type":"text","content":"\n\n\n\n Oct. 14, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nDismantling and demolition of buildings successfully completed -\n Equipment and structures moved to staging points for reconditioning and\n mobilization\n\n\nLONDON, ON, Oct. 14 /CNW/ - Fortune Minerals Limited (TSX-FT) ("Fortune Minerals" or the "Company") is pleased to announce that it\n has completed the salvage of buildings and equipment from the Golden\n Giant Mine at Hemlo, Ontario.  The Golden Giant Mine facilities were\n purchased, dismantled and removed from the Hemlo site at an approximate\n net cash cost of $18 million in order to reclaim valuable assets for\n their relocation and use at the Company's proposed NICO\n gold-cobalt-bismuth-copper mine and concentrator in the Northwest\n Territories and refinery in Saskatchewan.  The Golden Giant Mine\n project demonstrates Fortune Minerals' ability to plan and execute a\n significant project on budget and on schedule.\n\n\nFortune Minerals acquired the Golden Giant Mine buildings, equipment and\n an inventory of spare parts from Newmont Canada Limited ("Newmont") and\n Mindecom Industrial Constructors Limited in 2006 and 2008 after the\n mine had closed.  Dismantling and demolition of the mine site\n facilities was undertaken to reclaim valuable equipment for re-use at\n NICO and includes certain buildings, grinding mills, the crushing\n plant, flotation cells, compressors, boilers, generators, conveyors,\n pu...