This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.
Ontario Mining Association member Xstrata Copper has announced a new $121 million investment to deepen and extend the projected operating life of the Kidd Mine in Timmins. This investment will not only have a positive impact on the company´s future but also on the fortunes of its employees, suppliers and contactors, Timmins, Northern Ontario and the economy of the entire province.
The Kidd Mine is the deepest base metal mine in the world. This new project will expand the copper-zinc orebody´s mining zone from 9,100 feet below surface to 9,500 feet and extend the mine life to 2017. This zone is estimated to contain 3.4 million tonnes of ore with a grade of 1.48% copper, 6.22% zinc and 80 grams of silver per tonne.
“The investment approval reflects Xstrata Copper´s commitment to the sustainability of Kidd Mine and the Timmins community and its business strategy to continually implement improvements to enhance the value of its operations,” said Claude Ferron, Chief Operating Officer for Xstrata Copper Canada.