Western Copper & Gold Corp in Talks with Siemens for Electrical Mining Equipment
Vancouver based exploration company Western Copper & Gold Corp has entered into negotiations with Siemens Canada Ltd. to develop a concept for integrated electrical mining machinery for the company’s Casino Mining Project.
The company signed a memorandum of understanding (MOU) with Siemens Canada, a subsidiary of multinational company Siemens, for all the electrical mining equipment related to its Casino Project. Under the agreement, Siemens will provide a Power Plant, Mill Drives, Switchgears, Transformers, Motors and Drives, Mechanical and related Automation and instrumentation.
"Establishing a concept with a solid and innovative company such as with Siemens is an important step for Western as we continue to hit our stated milestones and advance the world class Casino Project towards build-out,” said Paul West-Sells, president and COO of Western Copper & Gold,.
Located in the Yukon Territory of Canada, the Casino Project is estimated to contain 8.4 million ounces of gold, 4.4 billions of copper, 494 million pounds of molybdenum and 61 million ounces of silver in proven and probable reserves.
According to Copper Investing News, the MOU is a great sign for the mining company's billion dollar mine. "Although the two companies are still in the early stages of talks, Siemens Canada’s interest in supplying electrical equipment for Casino is a significant vote of confidence for Western Copper’s project."
Western Copper & Gold Corp. completed its environmental assessment application in January 2014 and production for the Casino Project is set to commence by 2017.
