News Column

Ontario Graphite Receives Approval to Begin Operation at Kearney Mine

May 13 2013 12:00AM

Marketwire

LogoTracker

KEARNEY, ONTARIO -- (Marketwired) -- 05/13/13 -- Ontario Graphite Ltd. today announced that the Ontario Ministry of the Environment has approved all final operating permits for the re-commissioning of the Kearney Graphite Mine, located in Kearney, Ontario, Canada. The company is now fully permitted and has all required approvals from the Ontario government to begin operation at the mine. Since 2011, the Ontario Graphite team has worked with the Ontario government and local aboriginal communities in a collaborative manner. The company seeks to continue this approach as it moves into production at the mine.

"The Ontario Ministry of the Environment's decision to grant the remaining permits and approvals for this project marks a critical turning point towards beginning production at the Kearney Mine," said Jerry Janik, General Manager, Ontario Graphite Ltd. "This milestone reflects our company's strong commitment to the responsible re-commissioning of the mine site, with a particular focus on environmental sustainability."

The Kearney Mine has instituted several sustainability measures to reduce waste and energy use, for example:

-- The existing non-graphite bearing rock on the property will be reused as a source of aggregate for third-party construction projects.-- 85 per cent of the water used within the mine will be recycled in the milling stage, reducing the need to use water from the surrounding lakes.



With all permits in place, the mine is on track to begin production in the fourth quarter of 2013. The re-commissioning of the mine will also help rejuvenate the local community, providing approximately 80 direct full-time jobs and potentially up to three times that number in spin-off positions. Beyond that, Ontario Graphite is committed to becoming an integral member of the local community.

"It is important to us to be a responsible corporate citizen and a good neighbour," said Ellerton Castor, CFO & Chief Administrative Officer, Ontario Graphite Ltd. "We're building positive partnerships with the Town of Kearney, the local aboriginal communities, and others in the Kearney area. We value their support and feedback and look forward to working together in the months and years ahead."

The Kearney Graphite Mine has been maintained since its closure in 1994 and is in compliance with all environmental and regulatory requirements. Ontario Graphite's capital expenditure program will significantly improve its mining and milling processes while taking advantage of its substantial existing infrastructure and mineral resources to support a mine life of more than 30 years. The existing infrastructure not only provides Ontario Graphite with a substantial capital expense savings, but also with graphite samples generated from prior operations which will enable the company to engage customers prior to production. When reactivated, it is estimated the Kearney Mine will process approximately one million tonnes of ore per year while producing 20,000 tonnes of natural, large-flake, high-carbon graphite concentrate.

About Ontario Graphite Limited

Ontario Graphite Ltd. is a privately owned Canadian mining company committed to the responsible re-commissioning and operation of the Kearney Mine, the largest confirmed graphite mineral resource in North America and one of the largest individual deposits outside China and North Korea. The Kearney Mine is located in Kearney, Ontario, Canada (approximately 300 km north of Toronto). To learn more about Ontario Graphite and the Kearney Mine, please visit www.ontariographite.com.



Contacts:
Edelman
Melissa Zanette
416-849-0983
melissa.zanette@edelman.com





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters