|
News -
Mining
|
|
Tuesday, 13 January 2009 04:38 |
Production at Western Prospector
Group Ltd.’s (TSX-V: WNP) Gurvanbulag central uranium site could begin
by 2012, company officials said last week.
Officials noted, though, that
a 2012 production schedule could only be met if all government permits
are issued by the end of 2009.
Company officials added that
a scholarship and training program is underway to guarantee the maximum
number of Mongolian citizens are employed at the site.
Plans call for building a plant
to sort and remove uranium from 620,000 tons of grade rock mined annually
at Gurvanbulag.
Initial estimates place pre-production
capital costs to prepare the site at US$280.2 million with a further
US$137.5 million for operating capital costs during the life of the
mine.
The site operating cost per
ton mined is US$94.62, which results in an operating cost per pound
of yellowcake of US$29.00.
|