CFI is developing a large fluorspar project in St. Lawrence, Newfoundland, Canada and is moving forward to reactivate existing underground fluorspar mines, expand an existing mill, construct a new, environmentally-sound Tailings Management Facility (TMF), and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product (Acidspar). The project is anticipated to produce between 120,000 and 180,000 tonnes of fluorspar filtercake concentrate per year.
The international fluorspar market consumes approximately 5.6 million tonnes of Fluorspar per annum with an estimated value of US $1.6 billion. The mineral is used in the production of hydrofluoric acid which is the primary feedstock for the manufacture of virtually all organic and inorganic fluorine-containing compounds including fluoropolymers and fluorocarbons. Some examples are anesthetics, non-stick coatings, and fire retardant clothing. It is also used in the production of electronic components, aluminum, and steel.
Canada Fluorspar Inc. proposes to reactivate existing underground fluorspar mines, expand an existing mill, construct a new environmentally sound Tailings Management Facility (TMF) and build a new deep-water marine terminal in the outer St. Lawrence Harbour for the export of fluorspar concentrate product. The project is anticipated to produce between 120,000 and 180,000 tonnes of fluorspar acidspar concentrate per year.
The Project will include:
The proposed mine, mill, and TDF will be located on a brownfield sites within the town limits of St. Lawrence, on the southern tip of the Burin Peninsula, in the province of Newfoundland and Labrador.
The $100 million reactivation of St. Lawrence fluorspar mine is a step closer as the Provincial Government finalized the details of its $17 million repayable contribution to Canada Fluorspar Inc. (TSX-V: CFI). During the two-year construction phase, 370 full-time jobs are expected to be created while 175 full-time positions will be maintained at the facility once production begins. Read more...
CFI has undertaken surface trenching of the Director Vein and to date has uncovered fluorspar mineralization at three locations. The trenches are currently located over an area that extends more than 400 m to the south of the old workings of the Director Vein, and indicate surface mineralization in width varying from 3.4 m to 16.5 m. Trenching operations will continue over the next month and a half, and the Company expects to commence a drilling program on the Director Vein by June, 2012. Assay work on the trench samples is currently underway, and results will be provided as they become available.
The previous mine operations exported the fluorspar product from a wharf located within the inner waters of St. Lawrence Harbour. Continued use of this wharf facility is not practical for several reasons including:
The main function of the port facilities will be to export the fluorspar concentrate. A secondary function, however, may be the import of general cargo associated with mining operations.
The port will be used in both summer and winter and thus all equipment will be suitable for cold weather operations. Due to the low frequency of ship visits, no significant building structures will be constructed at the port site. A small structure will be constructed to allow support staff to monitor the loading operations on a continuous basis.
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