Business
Engineering Firm Appointed
Engineering Firm Appointed.
About this update from Ormonde Mining Plc
[{"type":"text","content":"\n \nRNS Number : 1568G Ormonde Mining PLC 09 May 2011 \n\n09 May 2011\nOrmonde Mining plc\n(\"Ormonde\" or \"the Company\")\n \nEngineering Firm Selected for Barruecopardo following Definitive Tungsten Metallurgical Testwork Programme\n \nThe Board of Ormonde is very pleased to report that following positive results from its current, definitive metallurgical testwork programme, it has selected Jacobs Engineering Group Inc (NYSE: JEC), \"Jacobs\" (formerly operating in the UK as Aker Solutions E&C Ltd.), to carry out a Cost and Definition Study (\"C&D Study\") for the Process Plant and associated surface infrastructure for the Barruecopardo Tungsten Project in Salamanca, Spain. This study will be a key component in the preparation of the Definitive Feasibility Study for the Project which Jacobs will also co-ordinate.\n \n \nMain Points\n \n· Jacobs has been selected to carry out a C&D Study for the Process Plant and associated infrastructure for Barruecopardo and to co-ordinate the Project Feasibility Study.\n \n· Initial results from the current metallurgical testwork programme have demonstrated that a coarser crushed product size of -5mm (originally -3mm) will achieve liberation of the scheelite (the main tungsten bearing mineral) further simplifying the process plant flowsheet and leading to cost savings.\n \n· At this coarser crushed product size, pilot plant testwork is confirming pre-concentrate grades and recoveries achieved in the earlier testwork programmes.\n \n \nKerr Anderson, Ormonde's Managing Director, said:\n \n\"The selection of Jacobs is an important milestone in the development of the mining operation at Barruecopardo, and we are extremely encouraged by the testwork results showing liberation of the tungsten at even coarser crush sizes than indicated by the original programmes. This has positive implications for cost savings in the mineral processing operation.\n \nIn the tungsten market, the fundamental supply issues that developed in the second half of last year continue, with current European APT prices of US$448 per metric tonne unit compared to US$245 in September last year when we reported the results of the Scott Wilson Mining Study\".\n \n&nbs...