Wednesday, February 10, 2010

Heavy Equipment for Sale: Formation Metals will Develop, Operate and Reclaim the Idaho Cobalt Mine

Heavy Equipment for Sale: Canada-based Formation Metals will develop, operate and reclaim the Idaho cobalt mine, an undeveloped site situated in east-central Idaho, US. The mine will be developed into an 800t/d operation. Construction will begin in the first quarter of 2010.

The mine will begin production in early 2011. When operational, the mine will annually produce 1,525t of high purity and super-alloy-grade cobalt. Production will equal 3.3% of global cobalt supply.

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