Vulcan to proceed with mine in Finland
Vulcan to proceed with mine in Finland
Junior miner Vulcan Resources Ltd has approved the initial development of its 800,000 tonnes per annum Kylylahti copper-cobalt-nickel mine and concentrator in eastern Finland. The Perth-headquartered company's definitive feasibility study (DFS) has confirmed the economic and technical viability of the $US170 million ($A184.5 million) project, which is estimated to have a life of mine pre-tax cash flow of $US618 million ($A670.84 million). Chairman Barry Eldridge said he was delighted with the outcome of the DFS, given the global escalation in costs.