Adex to Evaluate Mount Pleasant Mine Development

20 June 2011 (Last Updated June 20th, 2011 18:30)

Canada-based Adex Mining is in the process of evaluating the feasibility of developing the Mount Pleasant Mine in New Brunswick, Canada. The company will take about a year to decide whether the mine will go ahead with a $200m investment. Hong Kong-based Great Harvest Group, whic

Canada-based Adex Mining is in the process of evaluating the feasibility of developing the Mount Pleasant Mine in New Brunswick, Canada.

The company will take about a year to decide whether the mine will go ahead with a $200m investment.

Hong Kong-based Great Harvest Group, which holds a 43% stake in the company, is expected to invest $10m in the project.

Post-mine acquisition, Adex initiated exploration of indium, tin and zinc, reports the Canadian Broadcasting Corporation.