2022-08-15 Product news

Foran Mining to receive $155m for McIlvenna Bay copper project in Saskatchewan

Canada’s Foran Mining Corporation (TSX.V: FOM) (OTCQX: FMCXF) has inked a preliminary deal for a C$200m ($155.1m) sale of the company’s McIlvenna Bay copper project in Saskatchewan.

This article is related to Canada’s energy and mining sectors. Alfa Laval’s heat transfer units and wastewater separators are used to reduce water and carbon footprints for tailings and heavy process operations across Canada.


Read the full article on mining.com


“…McIlvenna Bay is said to be the largest undeveloped Volcanogenic Massive Sulphide (VMS) deposit along the prolific Flin Flon Greenstone Belt, which sprawls east-central Saskatchewan and the central area of Manitoba.


Recent feasibility results outlined an initial phase 18 year mine life producing 65 million pounds of copper equivalent at an average all-in sustaining cost (net of credits) of $0.90 per pound.


Foran is also trying to turn McIlvenna Bay into the world’s first carbon-neutral copper mine by offsetting carbon emissions generated in the exploration phase...”


Click here to learn more about Alfa Laval’s equipment for energy reuse and emissions reduction in heavy process operations.

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