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Metals Company CEO Hopeful Tin Mine Could Once Again Make NS Tin Capital Of North America

Posted by AGORACOM-JC at 3:24 PM on Thursday, June 18th, 2015

 

Metals Company CEO Hopeful Tin Mine Could Once Again Make NS Tin Capital Of North America.

A Toronto-based company has begun a $1.3 million work project at the site of the former East Kemptville tin mine in Yarmouth County.

And the CEO of Avalon Rare Metals tells CJLS, that if the demand and the price for tin remain stable, there could be 200 full-time jobs at the site once it’s into full production.

The work by Avalon Rare Metals Inc. involves 2,000 metres of diamond drilling, metallurgical process test work and preliminary environmental studies.

Don Bubar, President and CEO tells CJLS, that this summer’s East Kemptville Tin-Indium Project will move the company one step closer to realizing its goal of re-establishing Nova Scotia as the Tin Capital of North America.

In 1992 Rio Algom closed its tin mine in East Kemptville after demand and prices for the metal plummeted after the international cartel that controlled the product folded.

But Bubar says the whole supply and demand picture has changed since then.

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Bubar tells CJLS that once the operation is in full production, he expects a similar operation as was the case in the mid-80’s.

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Bubar cautions there is still a lot of work to be done before the mine is at full capacity.

Approximately twelve people will be employed at the site during this summer’s project.

Source: http://cjls.com/metals-company-ceo-hopeful-tin-mine-could-once-again-make-ns-tin-capital/

 

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