Matawinie mining project, Canada
Name of the Project
Matawinie mining project.
Location
Saint-Michel-des-Saints, 150 km north of Montréal, in Quebec, Canada.
Project Owner/s
Nouveau Monde Graphite Inc.
Project Description
Matawinie constitutes the biggest projected graphite operation in North America and Europe and is expected to become the world’s first all-electric openpit mine. This represents a reduction of more than 300 000 t of carbon dioxide emissions over the mine’s 25.5-year life span.
The project has a measured and indicated resources of 120.3-million tonnes grading 4.26% graphitic carbon. Inferred resources are estimated at 4.5-million tonnes grading 4.43% graphitic carbon.
The project covers production of 100 000 t/y of high-quality graphite material, which will form part of Nouveau Monde’s value-added anode strategy – supplying material for the electrical vehicles and renewable-energy storage industries.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of C$1.29-billion and an internal rate of return of 40.6%, with a payback of 2.2 years.
Capital Expenditure
The project has an initial capital expenditure of C$276-million.
Planned Start/End Date
Construction is expected to start in 2021.
Latest Developments
The Quebec government has issued a Ministerial decree authorising Nouveau Monde Graphite Inc’s Matawinie mining project.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Nouveau Monde Graphite Inc, tel +1450757 8905.
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