Revett Minerals Troy mine announces workforce reductions
by Duane Williams, KLCB-KTNY Radio
May 23, 2013
Revett Minerals Troy mine has announced an immediate, significant reduction in the workforce at its Troy Mine.
Given the unexpected discovery of ground fall in the Lower Quartzite south of the B Fault in the "A Drive" and length of time required for alternative development into this area, the Revett Minerals Troy mine has announced an immediate, significant reduction in the workforce at its Troy Mine.
Remaining crews over the next few months will focus on development of the Lower Quartzite drift along the "D Drive". If access can be safely re-established, mining operations into the A and C Beds could possibly resume in the fourth quarter of this year.
John Shanahan, Revett's President and CEO said, "We have kept our experienced and skilled crews busy in recent months with maintenance and capital projects. However, the realization that the recommencement of underground mining operations will not resume by the end of the second quarter as planned has forced us to take difficult cost reduction measures. We firmly believe the Troy Mine remains a viable operation and that we will regain access to our reserve mining areas and be back in operation either through the Lower Quartzite "D Drive" or alternative development plans."
The mine has been shut down since December 2nd.
The company did not comment on the current level of silver prices as a factor in the decision.
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By Duane Williams, KLCB-KTNY Radio, e-mail: klcb@frontiernet.net, www.klcb-ktny.com.
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