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Hummingbird study shows solid case for hydropower use at Liberia project

August 31, 2016 Cholo Brooks Business 0

Hummingbird Resources
Hummingbird Resources

JOHANNESBURG (miningweekly.com) – A recently completed prefeasibility study (PFS) at Liberia-focused miner Hummingbird Resources’ Dugbe gold project, has confirmed the viability of a range of options for hydroelectric power (HEP) plant use in supplying a sustainable source of power for Dugbe, as well as the south-east Liberian region.

The 14-month study also showed that hydropower could potentially reduce the 4.2-million-ounce project’s all-in sustaining costs.

CEO Dan Betts said that as the largest gold deposit in Liberia, with a $186-million net profit value at a $1 300/oz gold price, the company was keen to move the project forward to development. READ MORE OF THIS STORY

SOURCES: NewsNow/Mining Weekly Online

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About Cholo Brooks 14311 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.