Hermosa Project
Posted: Jul 02 2023 5:15 pm
That 'clean' electric car battery material has to come from SOMEWHERE.
https://www.mining.com/us-to-fast-track ... c-project/
May 8 2023 -- South32’s Hermosa project got a major boost on Monday when the Biden Administration announced the project would be added to the new Fast-41 program (FAST-41 was signed into law by Obama in December 2015). This program will accelerate the permitting process by up to 50%.
South32 expects to make a final investment decision on the “Taylor” (part of Hermosa) deposit in the second half of 2023. The inclusion of Hermosa in Fast-41 will likely favorably impact the decision to move forward with a $1.7 billion-dollar investment. The Taylor deposit is expected to have a nameplate throughput capacity of 4.3 million tons per year over a 22-year resource life.
South32 has received permission from the Arizona Department of Environmental Quality to run up to 4,500 gallons of water per minute through one of its two water treatment plants, then dump that water into Harshaw Creek, a tributary to Sonoita Creek, more than 6.4 million gallons of water flowing into the Harshaw on a daily basis.
https://www.mining.com/us-to-fast-track ... c-project/
May 8 2023 -- South32’s Hermosa project got a major boost on Monday when the Biden Administration announced the project would be added to the new Fast-41 program (FAST-41 was signed into law by Obama in December 2015). This program will accelerate the permitting process by up to 50%.
South32 expects to make a final investment decision on the “Taylor” (part of Hermosa) deposit in the second half of 2023. The inclusion of Hermosa in Fast-41 will likely favorably impact the decision to move forward with a $1.7 billion-dollar investment. The Taylor deposit is expected to have a nameplate throughput capacity of 4.3 million tons per year over a 22-year resource life.
South32 has received permission from the Arizona Department of Environmental Quality to run up to 4,500 gallons of water per minute through one of its two water treatment plants, then dump that water into Harshaw Creek, a tributary to Sonoita Creek, more than 6.4 million gallons of water flowing into the Harshaw on a daily basis.