The relatively new junior Canadian mining company, Anaconda Uranium Corporation (formerly Mina Resources Ltd), had a very brief foray into the volatile uranium industry in Australia. It signed an agreement with Cogema Australia in July 1997 to purchase the Ben Lomond deposit near Townsville, Queensland, as well as the Maureen deposit and Newcastle Range prospect 300 km inland. Anaconda immediately began a new feasibility study for joint operation of Ben Lomond and Maureen, their hopes were high and they placed the project at the top of their corporate priorities. However, the election of the Beattie Labour government in Queensland on June 13, 1998, dramatically changed all of their plans. All aspects of the nuclear fuel cycle were now banned by policy in Queensland. Anaconda renegged on their sales contracts and abandoned all plans, opting for a lower profile uranium project in Portugal in Joint Venture (JV) with the Portugese government. A sweet victory for Australia!
Directors : John F Cook (President and Director), Marc C Henderson, Paul M Kavanagh, John D McBride, Nicholas Tintor, Christian von Hessert Contacts : 320 Bay Street, Suite 1000 Toronto, Ontario M5H 4A6
Ph +1 416 864 1012 - Fax +1 416 864 1369Website : http://www.inline-online.com/anaconda/ Email : aslatter@concentric.net (Ann Slattery) Other Websites : SEDAR (Canadian Corporate Resources) WISE Uranium Project - Anaconda page. Uranium Deposit Data
Deposit Location Size & Grade Proposed Method Copper Mountain Wyoming, USA 9,500 tonnes Heap Leaching La Jara Mesa New Mexico, USA 4,700 tonnes
at 0.25%Underground Mine
Vat LeachingBen Lomond
(now abandonded!!)Queensland 4,760 tonnes
at 0.228%Open Cut (2/3) &
Underground (1/3) Mine
Vat LeachingMaureen
(now abandonded!!)Queensland 3,000 tonnes
at 0.123%Open Cut Mine
Heap or Vat LeachingNewcastle Range
(now abandonded!!)Queensland 900 tonnes Heap or Vat Leaching
References - Mudd (1998).
Last updated December 28, 1998.
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