Franconia looks to start up Minn. mine by 2011

Dec 03, 2007 | 06:37 AM | Meghann McDonell

Franconia Minerals Corp., Spokane, Wash., is hoping to see first metal from its Birch Lake copper, nickel and platinum group metals project in eastern Minnesota by 2011, Brian Gavin, the company's president and chief executive officer, said in an interview.

The project, which will require $616 million to bring into production, has targeted annual output of 74 million pounds of copper and 19 million pounds of nickel annually over a 25-year mine life. It is also expected to produce 2.9 million pounds of cobalt, 7,400 ounces of gold, 33,000 ounces of platinum and 68,000 ounces of palladium along with smaller amounts of rhodium and silver.....

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