U.S. firm signs deal to explore closed New Brunswick mine
Regeneration says the project could recover several metals and fund cleanup of the abandoned site without provincial funding.
- The New Brunswick government signed an exploration deal with U.S.-based Regeneration Enterprises to extract minerals from the long-closed Nigadoo mine site in northern New Brunswick.
- Regeneration is a social enterprise backed by Apple and Caterpillar with a goal of recovering metals from abandoned mines. The Nigadoo mine was permanently shuttered in 1977 after repeated closures.
- Managing director Michael McPhie said the company is not requesting provincial funding and will instead save taxpayer dollars by taking over the degrading site from the provincial government.
- A crew is headed to the site in the coming days to conduct feasibility tests, with results expected within one year and production potentially starting within two to three years.
- Provincial Natural Resources Minister John Herron said the project will "convert something that has been a liability for decades and turn it into new investment, good jobs and a cleaner site." The government expects another mining announcement at the Fredericton conference on Tuesday.
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15 Articles
Fredericton gives the green light to Regeneration Enterprises for the restoration of the former Nigadoo mine site and the recovery of tailings.
New Brunswick strikes deal to explore recovering metals from old mine waste
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. New Brunswick strikes deal to explore recovering metals from old mine waste. Brunswick strikes deal: based firm is looking to turn decades-old mining waste. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
New Brunswick agrees to explore recovery of metals from old mine waste
New Brunswick has signed an agreement with U.S.-based Regeneration Enterprises to assess the recovery of valuable metals from tailings at the long-shuttered Nigadoo mine. With the site representing a £35 million liability, the initiative aims to fund cleanup through potential metal recovery without immediate provincial funding.
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