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| Cogburn Magnesium Project Leader Mining International Inc. management reported the results to date of the ongoing advancement of the Cogburn Magnesium Project located near Hope, British Columbia, Canada. Since September 10, 2004 all work has been conducted through the Company's wholly owned subsidiary, North Pacific Alloys Limited. NPAL filed its Draft Terms of Reference for the Cogburn Magnesium Project to the BC Environmental Assessment Office. The Project is described as a US$1.3 billion integrated quarry and magnesium reduction plant, producing 131,000 metric tons of high-purity magnesium alloys per annum. NPAL management continues to search for a major company with the capability and the capacity to become the operator and/or major owner of the Project. Marketing continues to represent the most challenging aspect to the project. The present "heated" business cycle in Western Canada, because of the Oil Sands developments and the 2010 Olympics, has caused a serious shortage of skilled trades and materials. write your comments about the article :: © 2005 Construction News :: home page |