Canmine Resources Commissions New Cobalt Refinery in Ontario

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Canmine Resources Corporation (London, Ontario) is currently commissioning a new cobalt refinery located in Cobalt, Ontario. Full operation is expected in May of 2002 and the plant will produce about 300 tons of cobalt powder a year utilizing a hydrometallurgical process. Feedstock will come from the company's Werner Lake Cobalt mine. Canmine has spent approximately $10 million in the last few years at its mine and refinery to bring this project to fruition. AMEC (Timmons, Ontario) provided engineering services for the project. Future plans include expansion up to 2,000 tons a year and automation of material handling systems.

Canmine Resources Corporation is a Canadian mining and exploration company, operating the Werner Lake cobalt mine and now the cobalt refinery in Cobalt, Ontario. The company also has nickel properties in Ontario and Manitoba.

Industrialinfo.com has a database of precommissioned and commissioned mines in North America totaling 973. That includes 705 in the U.S., 213 in Canada, and 55 in Mexico. In the past year, Industrialinfo.com has reported on 151 projects at these mines representing close to $7.8 billion in potential expenditures. Industrialinfo.com is also tracking nonferrous metal refineries and has a database of 75 precommissioned and commissioned nonferrous metal refineries in North American. This number excludes aluminum and copper, but includes nickel, cobalt, zinc, silicon, magnesium, and all other nonferrous metals.