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Canadian company prepares for contract mining at Valencia |
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Written by Staff Reporters
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Forsys Metals Corporation
said this week that its local unit, Valencia Uranium, has entered into a Heads
of Agreement with Basil Read (Pty) Ltd for the provision of mining services at
the Valencia uranium project.
Basil Read, based in South Africa since 1952, is a
diversified construction company possessing capacity, expertise and a
considerable track record in the fields of building, civil engineering,
structures, roads and opencast mining.
Basil Read is currently performing select contract mining
services across southern Africa, including at the Rössing uranium mine, located
approximately 35 km from Valencia.
Valencia and Basil Read have entered into negotiations
on the commercial terms for the provision of mining and construction services
for the establishment and operation of Valencia. Priorities at Valencia, which
will be addressed immediately by Basil Read and the VUL, include the
development of a mining plan, mining programme and a mining budget.
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