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Equatorial Mining & Exploration starts production at key tantalum project in Rwanda

Equatorial Mining & Exploration's (LON:EM.P) executive chairman Charles Bray tells Proactive London's Andrew Scott that since a shift in strategy their focus is now on tantalum mining in Rwanda.

''We've entered a co-operation agreement in Rwanda and what we're doing there is transforming an existing artisanal mine into a surface mining operation''.

He says heavy mining equipment, including the wash plant, has been acquired and is in transit to site while mining operations commenced this past week.

''Ideally what we're looking to do is transform the existing operations to one that looks more modern and efficient''.

Bray says they're looking at costs of around $1mln per mine site to make the switch and  that should boost productivity at least four or five-fold.

Quick facts: Equatorial Mining & Exploration Plc

Price: 2.75 GBX

NEX:EM.P
Market: NEX
Market Cap: -
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