Anglesey sees operations accelerating in Quebec with new train

6th Sep 2011 14:23

A second train is now operating at Anglesey Mining's part-owned James Mine and Silver Yards processing plant in Quebec, enabling its 33%-owned associate Labrador Iron Mines to ramp up the movement of iron ore."This second train will permit the rapid acceleration of the tonnage of iron ore moving to the port for sale. Improvements to the cycle times of trains from mine to port and back are also being made and this will further increase the tonnages expected to be railed."Anglesey said that the ore mined in August totalled 176,000 tonnes, made of 40,000 tonnes of direct railing ore at 65.3% iron (Fe) and 136,000 tonnes of plant feed at 58.1% Fe. Total ore mined from the start of the project is now 478,000 tonnes and the firm said that the mining extraction rate has accelerated in recent weeks (due to large machinery) and has passed the 25,000-tonnes-a-day level.Shares were 5.95% higher at 49p by 14:23.BC