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Ormonde to start commissioning at Barruecopardo tungsten project in Q3'18

Ormonde Mining Plc expects its under-construction Barruecopardo tungsten project in Spain to start mine commissioning in the third quarter of 2018, after the project entered into an accelerated construction and implementation phase.

In a June 2 release, the company also said Managing Director Steve Nicol will step down from his role to fully focus on his responsibilities as managing director of the project company, Saloro SLU, and as project manager for Barruecopardo.

Chairman Mike Donoghue will act as the interim managing director following the upcoming annual general meeting.

"Against a backdrop of rising tungsten prices, and increasing demand for tungsten concentrates, the partners believe the time is now right to ensure that the construction of the project progresses at full speed towards commissioning of a new mine at Barruecopardo," Donoghue said.