International news within the industry of mining and metal, Sep, 20 2018
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Short-term funding for the Finnish Raahe Gold mine

Raahe's gold mine. Photo: Nordic Mines
Raahe's gold mine. Photo: Nordic Mines
Published by
Markku Björkman - 21 Aug 2018

Mining company Nordic Mines has received a $ 500,000 shareholder loan to complete ore sorting tests at the Raahe Goldmine.

Also, a $ 1 million additional funding is being negotiated. In addition, the company is currently negotiating a $ 1 million additional funding to enable it to take the necessary measures in the mine before deciding to resume production of gold in Raahe.

The company has been testing the ore-milling technology based on optical technology in the Raahe Goldmine. Preliminary results of the tests are characterized as encouraging.

In September, Nordic Mines will begin a large-scale test of 6 to 8 weeks to validate the good results of testing new mining technology.