Canada: Red Moon Resources Inc. has said that it will commence development of the Ace gypsum mine in western Newfoundland after it received government approval for its plan for an open pit operation.
Operational work, consisting of scrubbing vegetation and overburden removal, has begun at the site. The Canada-listed explorer is working with Vinland Materials Inc. to undertake contract mining operations and secure sales agreements for gypsum and anhydrite. In addition, it is working towards initiating shipments in 2018, with sales contracts to be sourced by 2019.
Red Moon estimated potential resources of 3-5Mt within the mining lease, which was obtained in October 2017.
