COBALT DEVELOPMENT
Project developer Fortune Minerals plans to increase the production rate at its flagship Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories, by between 20% and 30% in a response to feedback from potential strategic partners, the company announced on Thursday.
London, Ontario-based Fortune, which is busy with an update of the 2014 feasibility study for the Nico mine, said it plans to expand the previous base case production rate of 4 650 t/d in order to lift cobalt output to between 1 700 t/y and 2 000 t/y, the top end of which would reflect about 2% of global production.
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