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).....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here