Meridian Mining SE (TSX V: MNO) (“Meridian ” or the “Company”) today provided an update on exploration results from its Bom Futuro tin joint venture in the state of Rondônia, in NW Brazil.
As quoted in the press release:
The Bom Futuro tin mine has produced 195,000t of tin over a thirty-year history of continuous operation since its discovery in 1987. Meridian Mining entered a joint venture with the project owners – Coopersanta – in late 20161. The initial priority has been to evaluate opportunities to recover tin from the millions of cubic meters of tailings which have accumulated around the Bom Futuro Hill. The appreciation of the tin price in recent years has created a more favourable climate for assessing retreatment scenarios (current LME Cash buyer $US 20,925/t, from historical lows of $US3,625 in September 2001).