News

May 18, 2009

A Development Decision On Rambler’s Ming Copper Project In Canada Is Now Only Weeks Away

Alastair Ford

There ought to be plenty of news coming out from Rambler Metals and Mining over the summer, according to chief executive George Ogilvie. The company has just completed the engineering study on its Rambler copper project in the Canadian province of Newfoundland and Labrador, and is beginning to turn its thoughts towards financing. There’s been mining here before, of course, and plenty of it. More than 2.3 million tons of ore was extracted from the company’s Ming and Ming West mines towards the end of the twentieth century, and it’s worth remembering that although the last ore came up from the main Ming mine back in 1982 it wasn’t for lack of economics that mining ceased, but rather because the mine had hit the project boundary and could go no further.

That all changed when the ground was finally consolidated at the turn of the millennium, and current incumbents moved in and began to consider ways to restart production. It oughtn’t to be too far off now, with George Ogilvie presenting a best case scenario that would see mining up and running by the end of 2010. There are still one or two hurdles to get over yet, though. The next big step is for Rambler to work out once and for all where its mill is going to come from. That ought to become...