New St. Lawrence fluorspar mine owner eyes November for long-awaited restart

New St. Lawrence fluorspar mine owner eyes November for long-awaited restart

Hiring is expected to begin in a few weeks, and production could resume by November as a new owner predicts a bright future for the idle fluorspar mine in St. Lawrence.

Fluorspar Holdings PTE Purchases St, Lawrence Fluorspar Mine

Singapore-registered Fluorspar Holdings PTE Ltd is the new owner of the St. Lawrence fluorspar mine. The Supreme Court of Newfoundland and Labrador approved the sale of the Canada Fluorspar (NL) Inc and its mine in St. Lawrence on Tuesday, June 6 and the $25 million sale closed today. The provincial government says the buyer a subsidiary of AMED Funds, a group with private equity funds of more than US $1.4 billion in assets in its management. …