Deals will spur start-up of talc mine, says owner – by Ron Grech (Timmins Daily Press – November 4, 2015)

The Daily Press is the city of Timmins broadsheet newspaper.

TIMMINS – The owner of General Magnesium says he has just signed a deal that will accelerate the start-up of a new talc-magnesium mine in Timmins.

“We’ve been working for the last 16 months on due diligence with Hunter Douglas Metals” explained William Quesnel. “It’s a 15-year renewable contract with a sales value of $4.9 billion Canadian. So what it does is give us the security and stability to accelerate our project and start creating the jobs we promised previously.”

Three years ago, when Quesnel initially announced his development plans, he outlined a proposal to establish three facilities which would employ up to 1,000 people, combined.
Quesnel said he is already in the process of hiring people, adding that he could have up to 200 people working within the next 18 months.

The Quesnel Group owns a mining property located just southeast of Porcupine Lake in Whitney Township.

The three facilities he is proposing would be comprised of a talc concentrating plant, a magnesium concentrating plant and a magnesium thermal reduction plant — all of them located within the municipality of Timmins.

Quesnel, in an interview with The Daily Press Tuesday, explained the significance of the deal his company has signed with Hunter Douglas.

“See industrial minerals are unlike gold where you ship the bars out,” he said. “We have to get actual clients to buy the material from us. So now we’ve sold 100% of our magnesium production for $4.9 billion and we are now working on selling 100% of our talc.”

Quesnel said he is just days away from ratifying a deal with a company that purchase the talc produced by his mine.

For the rest of this article, click here:

Comments are closed.