W Resources (WRES) has formally signed a mining contract with General de Maquinaria y Excavación (GME) for the La Parrilla tungsten project in Spain.
The mining fleet, with three 60-tonne haul trucks, and other equipment, is now in place. The GME team will be managed locally by an “experienced mining engineer.”
Chairman of W Resources Michael Masterman commented, “We are delighted to have awarded the mining contract for La Parrilla to GME who bring extensive experience in mining and processing.
Importantly, the contract is in line with our Final Investment Decision report, which further underpins our confidence of achieving the low operating costs we have outlined.
The project remains within budget and we look forward to ramp-up to T2 of the project which will deliver significant earnings starting in 2019.”
The company also reported that the plans are currently to gradually scale up the fleet according to demand as progress ramps up.
Project construction is continuing on schedule, with completion of the concentrator plant on track for June.
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