General Moly Granted Permission to Build Power Supply for Mt. Hope
- Details
- Category: Molybdenum's News
- Published on 01 April 2013
- Hits: 487
General Moly (NYSE:GMO, TSX: GMO), announced that they have received permission to construct a power line that will support their Mt. Hope Project.
At full production the Mt. Hope mine will have a total electrical demand load of approximately 75 megawatts. Transmission capacity was secured in 2008 with a cash deposit of approximately $13 million. The Company is currently negotiating for generating capacity, which will be available once the power line is constructed and energized.
General Moly’s COO, Bob Pennington, said: this permit allows us to build the transmission infrastructure in a timely manner and provide the necessary capacity to power everything from the electric shovels we will begin to use during pre-stripping operations to the 60,000 ton per day mill which will start up when Mt. Hope begins production.
More molybdenum product: http://www.molybdenum.com.cn
Tel: 0592-5129696 Fax：0592-5129797
E-mail:
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com
sales@chinatungsten.com