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Zombie mines are coming back to life on soaring metals prices
‘Some of these old mining assets around the world that have been discarded and dumped are an eyesore theyâre a problem.’
By James Thornhill, Bloomberg
18 Jul 2021 07:41
Image: Bloomberg Creative Photos/Bloomberg
A silver mine in Bosnia and Herzegovina that sat derelict through the years of civil strife that gripped the region from the early 1990s may soon be taken out of mothballs to benefit from an optimistic price outlook.
Adriatic Metals Plcâs Vares project could resume production by the end of 2022 following a hiatus of more than three decades, according to Chief Executive Officer Paul Cronin. Itâs part of a nascent trend toward restarting so-called âzombieâ mines operations which have been shuttered for reasons varying from weak prices to owner bankruptcy or political unrest.
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Mining Engineering Online
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Article content
(Bloomberg) A silver mine in Bosnia and Herzegovina that sat derelict through the years of civil strife that gripped the region from the early 1990s may soon be taken out of mothballs to benefit from an optimistic price outlook.
Adriatic Metals Plc’s Vares project could resume production by the end of 2022 following a hiatus of more than three decades, according to Chief Executive Officer Paul Cronin. It’s part of a nascent trend toward restarting so-called “zombie” mines operations which have been shuttered for reasons varying from weak prices to owner bankruptcy or political unrest.
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