[miningmx.com] – NEWLY appointed Sable Mining chairman, Jim Cochrane, expected the UK-listed firm would be able to raise the funds to build its Nimba iron ore mine in west Africa’s Guinea, said Bloomberg News.
In an interview with the newswire service, Cochrane, who was formerly chief commercial officer for Eurasian Natural Resources Corporation, said: “”For the right project there is still money available. I wouldn’t be involved unless I believed it was a realistic project that had a realistic chance of success.’
According to GMP Securities, the 178 million tonne Nimba resource could cost $250m to build into a mine.
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