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Adanac Molybdenum announces start of construction at Ruby Creek mine site

Daily Commercial News

Adanac Molybdenum Corp. has announced the start of construction at its Ruby Creek open-pit mine site near Atlin, B.C.

Ledcor picked as general contractor for molybdenum mine project

VANCOUVER

Adanac Molybdenum Corp. has announced the start of construction at its Ruby Creek open-pit mine site near Atlin, B.C.

The work has been authorized by the B.C. Ministry of Forests, which has issued a special use permit authorizing construction of the project access road and associated earthworks.

“This is a very exciting moment for Adanac, [Mining] ” said Michael MacLeod, the company’s president and CEO.

“The years of preparation have paid off, and now we’re actually beginning construction of a molybdenum mine.”

Ledcor CMI Ltd. of Vancouver will act as general contractor for this phase of construction, and will be engaging local and regional subcontractors.

These currently include Golden Hill Ventures Limited of Whitehorse, Yukon; Ruby Gold Ltd. of Atlin and a joint venture between Ketza Construction Corporation of Whitehorse and Taku River Tlingit First Nation, located at Atlin. Work on the access road will begin immediately, owing to extensive preparations undertaken during October by Ledcor and its subcontractors at Surprise Lake, B.C.

These include an operational 50-person construction camp, equipment laydown area, fuel-storage facility and telecommunications setup, all of which are intended to co-ordinate and support construction activities.

Construction will expand in scope and scale as site development accelerates through the winter months. Activities will include excavation of overburden, installation of a 550-person onsite camp and preparation of all construction infrastructure.

Adanac’s state-of-the-art concentrator has a capacity for throughput of 20,000 tonnes per day, expected to produce 12-14 million pounds of molybdenum per year during the initial four years of operation.

Adanac Molybdenum is involved in the exploration and development of mines to produce molybdenum and ferro-alloy metals.

DCN News Services

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