by Rob Sabo

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April 9, 2013
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Loan moves Yerington copper project ahead

Flush with cash from a $200 million loan, Nevada Copper is on track to complete work on the massive headframe for its Pumpkin Hollow underground copper mine at Yerington and finish sinking a 2,200-foot-deep shaft.

Tim Dyhr, vice president of environment and external relations for Nevada Copper of Vancouver, says the $200 million loan the company secured at the end of March from RK Mine Finance allows the company to proceed with a detailed engineering plan to develop an underground mine and crucial infrastructure needed to access copper buried a nearly a half-mile underground.

Nevada Copper has to construct about …

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The Record Courier Updated Apr 17, 2013 10:51AM Published May 28, 2013 08:47AM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.