TORONTO FALCONBRIDGE LTD. and AGNICO-EAGLE MINES LTD. have signed a life-of-mine contract to treat zinc concentrate from Agnico's LaRonde mine near Rouyn-Noranda, Que., at Falconbridge's Kidd Metallurgical Division in Timmins, Ont. The Kidd plant will process 60% to 75% of the LaRonde concentrate, up to a maximum of 125,000 tonnes/year. Zinc and copper concentrates from LaRonde have a significant precious metals content.
"The proximity of Falconbridge's and Agnico-Eagle's operations, combined with Kidd's available zinc capacity and precious-metal recovery capabilities, make this agreement a natural fit for both companies," said Brent Chertow, president of Falconbridge's Canadian copper and recycling business. "We are also confident that additional synergies exist in the areas of logistics, concentrate sampling and sharing of best practices for deep mining operations at our respective sites."
The agreement looks like a win-win for both companies. For further information contact Dale Coffin in Falconbridge's communications department at 416-982-7161.
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