Anaconda Mining is looking to expand its west pit at the Stog’er Tight mine project on the Baie Verte Peninsula.
The company has submitted a proposal to expand the site by 0.395 hectares below the current water level of Fox Pond to mine a deeper portion of the existing ore resource as part of the Environmental Assessment process.
The company is proposing to temporarily lower the water levels at Fox Pond. The deposit will be mined over an eight to ten month period beginning early next year, with ore to be processed at the Pine Cove Mill facility.
The deadline for public comments is October 21st with the Environment minister’s decision due on October 28th.
Meanwhile, Anaconda has been named on the PROFIT 500 list of the fastest growing companies in Canada. It was the only company to make the list in the natural resources category with a five-year revenue growth of 96 percent.