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Zombie Mines Are Coming Back to Life on Soaring Metals Prices


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(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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Zombie Mines Are Coming Back to Life on Soaring Metals...


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.“Some of these old mining assets around the world that have been discarded and dumped are an eyesore they’re a problem. They create potential environmental issues that need to be resolved,” Adriatic’s Cronin, a former investment banker, said in a phone interview. “If we can convert the ‘zombie’ into something that adds value, that resolves some of those issues and shareholders can get a return from them, that’s great.” ....

South Africa , United States , Western Australia , Minelife Pty , Gavin Wendt , Paul Cronin , Boss Energy Ltd , Adriatic Metals Plc Vares , Anglo American Platinum Ltd , Panoramic Resources Ltd , Adriatic Metals Plc , Chief Executive Officer Paul , American Platinum Ltd , Panoramic Resources , Mincor Resources , Boss Energy , Nickel West , ஒன்றுபட்டது மாநிலங்களில் , மேற்கு ஆஸ்திரேலியா , கவின் வெஂட்ட் , பால் குரோனின் , முதலாளி ஆற்றல் லிமிடெட் , ஆங்கிலோ அமெரிக்கன் வன்பொன் லிமிடெட் , பனோரமிக் வளங்கள் லிமிடெட் , தலைமை நிர்வாகி அதிகாரி பால் , அமெரிக்கன் வன்பொன் லிமிடெட் ,