MiningSee 28 November, 2018

European Electric Metals hires Nordmin for inspection of nickel-cobalt mine in Albania

Canadian-based European Electric Metals said it has engaged the services of the Nordmin Group to undertake a site inspection of Skroska nickel-cobalt mine in Elbasan region in Albania.

Nordmin will comment on whether the existing underground workings and mine equipment appear to be able to be used if the operations at the Skroska mine are restarted at present capacity of approximately 200 tonnes per day or what would be required to support increased production if its capacity is expanded to a certain level or levels, European Electric Metals, formerly Tirex Resources, said in a statement last week.

Thunder Bay, Ontario-based  Nordmin Group includes Nordmin Engineering, Nordmin Constructors and Nordmin Operators. It is a 100% North American owned and operated provider of comprehensive engineering, procurement, construction and management solutions worldwide to industrial sectors spanning resource and project definition through construction and site closure.

European Electric Metals said earlier this month that it has completed the initial phase of drilling at Skroska mine.The samples will be sent to ALS Lab in Serbia for preparation and sent to their laboratory in Ireland for analysis.

On October 11, European Electric Metals said it has entered into an agreement to acquire 100% of the share capital of Albanian company Gerold, which owns the Skroska mine, for a total of  5.41 million euro ($6.2 million) payable over three years, comprising payments of 5.2 million euro and share issuances valued at 210,000 euro.

European Electric Metals’ geological team believed there was potential for high-grade cobalt in this geological setting and during sampling realised this potential, the company said at the time.

Gerold previously ran a 200 tonnes per day mine at Skroska, a fully permitted mining operation covered by a 20-year mining licence that was issued in 2008. Gerold conducted mining operations on Skroska from 2008-2013 using an open stope method. The operation previously focused on nickel production and the mine was put on care and maintenance in 2013 due to low nickel prices.

European Electric Metals has also a 25-year mining licence from Albania’s energy ministry to operate the Rehova copper mine located 115 kilometers southeast of Tirana.

European Electric Metals is a Canadian-listed public company with projects in Europe. The European Bank for Reconstruction and Development is its largest shareholder with its ownership of 27.56% of the outstanding shares. The company says its goal is to become a major source of battery metals such as copper, nickel and cobalt, and it aims to do so within safe, stable and logistically attractive European jurisdictions.

The company changed its name from Tirex Resources in January to reflect its focus on high grade battery and electrification metals within a European setting.

Source: seenews