Singapore-based AMED Funds are pledging to invest $100M over the next 3 years to restart and expand the St. Lawrence fluorspar mine, which closed in February 2022. Major contracts have been awarded and hiring is underway as the new owners look to an October restart with a workforce expected to eventually grow to 300.
- Job creation
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Mining and oil and gas extraction
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Added on 2024-08-30
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South Coast–Burin Peninsula Region, NL
- cbc.ca
Tacora Resources, which owns the iron-ore Scully Mine in Wabush in western Labrador, is looking for court approval for a group of investors (led by Boston-based investment management firm Millstreet Capital Management) to invest $250M USD into the company, repay some of its debt to exit credit protection and maintain all current employees.
- Other type of event
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Mining and oil and gas extraction
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Added on 2024-07-26
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West Coast–Northern Peninsula–Labrador Region, NL
- cbc.ca
The new owners of the St. Lawrence fluorspar mine, private equity group - African Minerals Exploration & Development Funds, plan to invest $100M over the next 3 years to restart and expand the mine, which closed in February 2022. There are currently 20 employees which will eventually peak at 200.
- Other type of event
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Mining and oil and gas extraction
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Added on 2024-02-07
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South Coast–Burin Peninsula Region, NL
- cbc.ca