The project has been a long time on the table, with cash for a $17-million government loan to assist development set aside back in 2011.
Talk of the project has carried through the years since, with continued exploration around the site of the formerly mined fluorspar area by Canada Fluorspar, acquired by CF Acquisition Inc., a subsidiary of Golden Gate Capital.
On June 12, a proposal for a new, producing mine was registered with the provincial Department of Environment.
The deadline for comments is July 22 and a decision from the minister is due by July 27. The minister can decide to clear the project, request further information or insist on a more detailed review.
“The project includes construction and operation of a surface and underground mine of the AGS Vein, a mill facility, a tailings management facility/lagoon, ancillary infrastructure, and a marine terminal at Blue Beach Cove,” states a public notice issued Wednesday by the provincial government.
“The ancillary infrastructure to support the mine and mill will include access roads, conveyors, administration building, warehouse and maintenance building, concentrate storage building, etc.”
If approved, construction is expected to start in late 2015, to be completed in 2017.
The registration document, describing the proposed mining project in further detail, has yet to be posted online, but will ultimately be made available HERE.