LONDON, Dec. 21, 2017 /CNW/ - Meridian Mining SE (TSX V: MNO) ("Meridian" or the "Company") today announced it has begun production at its upgraded Jaburi plant.
- Reached a total production of 50,000 tonnes of manganese product on December 20, 2017
- Initial run through of Dry Material completed
- Continuous production runs started
- Current availability is 70% expected to reach 90% plus by the end of the year
The plant is now operating with reduced quantities of material, gradually scaling up production as the company aligns staff, new operational processes with the new equipment. All systems are continually being adjusted with different quantities and variations in material processed, so each stage of production can be optimised.
"The construction and first phase implementation of the new plant has met our expectations and is on schedule," said Carlos Braga, COO of Meridian.
"This is a strong endorsement of our main contractors Kuttner (Kuttner do Brazil Equipmentos Siderúrgicos Ltda.) and the ability of our own staff to partner in this highly complex process."
The construction of the new plant began in June 2016 with the commencement of civil works and the addition of a new feeder, primary crusher and roll crusher. The commissioned plant will achieve cost savings through additional capacity, a streamlined process, as well as providing reliable conditions for Meridian to achieve its production and safety goals. The expanded capacity will also allow Meridian to further explore and reach out to international niche markets of high grade manganese.
Since acquiring our mining assests in Rondônia, Meridian has produced a total of 100,000 tonnes of manganese. Our year to date production reached 50,000 tonnes on December 20, 2017. With the new plant commissioned, we are now able to increase our production targets for 2018 to meet the demand for our high quality product.
QUALIFIED PERSON
The technical information about the Company's production and sales activities has been prepared under the supervision of and verified by Carlos Braga (B.Sc., MBA, member of the Chilean Mining Commission), the Chief Operating Officer of Meridian Mining, who is a "qualified person" within the meaning of National Instrument 43-101.
ABOUT MERIDIAN
Meridian Mining SE is focused on the acquisition, exploration, development and mining activities in Brazil. The Company is currently focused on exploring and developing the Espigão manganese and gold projects, the Bom Futuro tin JV area, and adjacent areas in the state of Rondônia. The Company employs a two-pronged strategy with the objective of growing pilot production while advancing a parallel multi-commodity regional exploration program. Meridian is currently producing high grade manganese at its project located at Espigão do Oeste.
