Artillery Peak project capital costs jump

May 18, 2012 | 10:25 AM | Thorsten Schier

Tags  American Manganese, electrolytic manganese, Artillery Peak, Mike MacLeod, Thorsten Schier

NEW YORK — American Manganese Inc.’s capital cost estimate for its planned Artillery Peak project in Arizona has soared to $477 million, more than five times the initial projection of $90 million.

Production costs also rocketed, now estimated at around $1.02 per pound of electrolytic manganese, according to the results of the project’s pre-feasibility study, more than double the initial forecast of 45 cents per pound (AMM, Aug. 23).....

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