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Last year, the Hermosa project was added to the U.S. FAST-41 permitting process for the first time, and the company said it has the potential to become one of the world’s largest zinc producers.
“Today’s investment decision marks a major milestone for our business and repositions our portfolio towards products essential to a low-carbon future,” South32 CEO Graham Kerr said in a news release. This is consistent with our strategy.”
“[The] “This project will strengthen the domestic supply of clean energy technologies and critical minerals needed for national defense, reduce America’s dependence on foreign sources, and transform the local economy,” said Pat Risner, Hermosa Project Director. added.
With a surface area of just over 600 acres and expected to use approximately 75% less water than other mines in the region, the operation is designed to minimize environmental impact, according to the company. It is said that it has been done.
It added that the new investment will fund the construction of major infrastructure projects, including water management systems, power, site equipment, underground mine sinking, initial underground development, and other works needed to begin operations.
Once completed, this infrastructure will support the potential for future development of other deposits at the site, including battery-grade manganese deposits, South32 said.
Construction and mine development at Hermosa, which consists of the Taylor (zinc-lead-silver) and Clark (zinc-manganese-silver) deposits, began last year with approval from the state of Arizona.
“Development of the zinc deposit is the first step in a regional-scale opportunity in Hermosa, with continued activity to unlock further value from the manganese deposit,” Kerr said.
In January, South32 released a mine operations plan as a roadmap for the start-to-finish operations of the Hermosa project, which is located on land managed by the Coronado National Forest.
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