PITTSBURGH The Plymouth
manganese carbonate deposit in Canada has an inferred resource
of 43.7 million tonnes grading 9.98-percent manganese, Buchans
Minerals Corp. and joint-venture partner Minco Plc said.
The estimate allows Buchans
Minerals to undertake a preliminary economic assessment to
assess the projects potential for development as an
open-pit mine and processing facility, the Halifax, Nova
Scotia-based company said.
The property is expected to
yield manganese carbonate ores used in the production of
high-grade electrolytic manganese metal, which is commonly used
to produce stainless steel, specialty steels and high-purity
"Given the grades and open-pit
amenability of the Plymouth deposit and the relatively low
power costs in New Brunswick, it is the objective of Buchans
Minerals to develop an electrolytic manganese metal plant which
is competitive with those in China," the company said.
The Plymouth deposit is located
near the town of Woodstock, New Brunswick. The property is
fully owned by Buchans Minerals through wholly owned subsidiary
Canadian Manganese Co. Inc., and is subject to an option
agreement that grants Minco an option to earn up to a
50-percent interest in Canadian Manganese.
Buchans and Minco entered into a
binding agreement April 30 to combine their businesses, subject
to approval of Buchans shareholders.