| Canadian-owned, Reunion Gold,NFL Jerseys Outlet, the company which is now operating the Matthew’s Ridge, Region One, manganese mine site, is exploring possibilities with neighbouring Trinidad to build a processing plant there.The reasons,Cheap NFL Jerseys, the company has said, include cheaper cost of power there.According to Reunion, it has signed a Memorandum of Understanding withThe Matthew’s Ridge, Region One, manganese compound.National Energy Corporation setting out the terms under which the parties will collaborate to evaluate the potential development by Reunion of a silico-manganese plant in Trinidad and Tobago.Reunion said that following the release of the pre-feasibility study of the Matthews Ridge Project in July 2013, it performed various desktop studies, including assessing the viability of reducing the output of the Matthews Ridge Project located in Guyana and converting the manganese concentrate into silico-manganese alloys in Trinidad and Tobago.“In addition to its proximity to Guyana, Trinidad and Tobago offers numerous benefits including competitive power costs, deep sea port facilities, dedicated areas for industrial projects and proximity to silico-manganese markets.”David Fennell, Chairman of Reunion,Wholesale Nike NFL Jerseys, stated: “This is a significant development for the company. While Matthews Ridge as a stand alone mining operation is an attractive investment opportunity, we believe that the construction of a silico-manganese plant in Trinidad and Tobago to be supplied by Matthews Ridge ore may potentially allow us to create a vertically integrated operation which could become one of the world’s lowest cost producers of silico-manganese.”Reunion Gold Corporation is a mineral exploration company engaged in the exploration and development of the Matthews Ridge manganese project located in the North West District of Guyana, South America.The Matthews Ridge Project consists of four prospecting licences covering an area of 185 km (2) in northwest Guyana,Basketball Shoes Clearance Sale, in and around the former mine.In July 2013, the company announced a proven and probable reserve estimate of 26.3 million tonnes of manganese with an average grade of 14.2% Mn.Manganese is the fourth largest metal consumed in the world, behind iron, aluminum and copper. It is a key component in steel and iron production.National Energy, a subsidiary of the state-owned National Gas Company of Trinidad and Tobago Limited, is engaged in the promotion of new energy-based industries and the provision and management of industrial estates, port and marine facilities to support the industries in Trinidad and Tobago.Reunion yesterday, however, warned that at this stage, it still needs to complete a number of studies.“Certain statements contained in this press release constitute forward looking information under Canadian securities laws. Such statements include those discussing the potential development of a silico-manganese plant in Trinidad and Tobago, and the possibility of becoming one of the world’s lowest cost producers of silico-manganese. No assurance can be given that these events will happen.”The studies include a scoping one and a full feasibility.The Canadian investor has also signaled intentions to explore the establishment of a vessel’s facility, railway linkages and improved roads.Two years ago, Reunion said it had spent over US$21M,Wholesale Baseball Jerseys 2018, and plans to start full scale mining of the ore early this year.Reunion Manganese, in September 2010, was awarded by the Government of Guyana, four prospecting licences (PL) to conduct exploration and development activities for manganese in the North West District. The PLs cover an area of 45,729 acres and are centered in and on the abandoned manganese mine at Matthews Ridge and Pipiani, which was operated by a subsidiary of Union Carbide Corporation from 1962 to 1968. In excess of 1.66 million tonnes of manganese concentrate were shipped from the mine site during that period.The company had told representatives of the private sector that it will be investing around US$250M in the coming years and it is projected that annually,Asics Dynaflyte 2 Mens, up to two million tonnes of manganese will be produced.Manganese is the fourth most used metal in the world, behind iron,Cheap Jerseys Wholesale, aluminum and copper, and is a critical alloy in the production of steel. |
