Oct 09th 2013 - Edison Investment Research today published a report on Matica (MAT.L, LSE:MAT, LON:MAT) entitled "Second Plant Running". In summary, the report says:
Matamec Explorations has started a second pilot plant for beneficiation at its 51%-owned Kipawa rare earth elements JV in Quebec, Canada. The plant is expected to help Matamec lower operating costs/capex and improve recoveries to enhance overall project economics. The company delivered a positive feasibility study for Kipawa in Q313, outlining a C$374m project slated to produce 3,653tpa of REE concentrates at operating costs of C$21.53/kg. Production is anticipated in 2016.
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