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Molybdenum Plant will be built in Canada, in spite of the protests of the population

Despite the fact that the decision to start construction of infrastructure facilities «Kitsault» molybdenum deposit was made against the will of the local population, the company «Avanti Mining», which owns the rights to develop resources in this field, nevertheless, plans to bring it started to end. Moreover, most agencies regulating this category have already given their permission for the work, and management «Avanti» left only to enlist the support of last resort officials — federal Parliament of Canada. «We are pleased that the Ministry of Environment, and the Department of Energy, Mines and Natural Gas Canada, our project has found support. And we sincerely hope to obtain approval from the central authority of the country, we will be able to find common ground as with indigenous communities in the region of British Columbia — Indian Nisga'a people, «- commented the president of the company» Avanti Mining «- Craig Nelsen Dzh.

«Avanti Mining» — a mining company, which is the current owner of the molybdenum deposit «Kitsault» — mine, located in the vicinity of the village Prince Rupert — a port town on the northern coast of British Columbia in Canada. Before the owner of the rights to the mining resources in the asset became «Avanti», quarry owned corporation «Phelps Dodge», in turn acquired it from the company «Amax Incorporated». The deposit is actively exploited by mining companies, but the fall in prices for molybdenum in the early 80-ies of the last century, the works for the extraction of this metal in the mine were halted.

Management company «Avanti Mining», decided to revive the molybdenum production at «Kitsault», began active operations in this area in the summer of 2010. However, obtaining the relevant permits for the resumption of production resources in Canada instances, the protests of the local population in the region and the difficult situation on the world market of nonferrous metals have delayed implementation of the project to date. Meanwhile, if the management «Avanti» will bring the matter to a logical conclusion, the mine will be able to give the market about 13.2 thousand. Tons of molybdenum per year. «It is at this price corridor (from 24 000 to 32 000 US dollars per 1,000 kilograms) — will bring us quite decent turnover (with all the» attendant «taxes for the region) and will provide the local labor market three hundred jobs," — stressed the representative of the mining company .

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