Rambler Metals and Mining says a $2-million loan from the Atlantic Canada Opportunities Agency announced last week will help secure the long-term future of its copper mine on the Baie Verte Peninsula.
Rambler chief executive officer Norman Williams said the repayable loan is the last piece in a financial package that will extend the life of the mine to more than 20 years and eventually secure more than 200 direct jobs from the gold and copper mine’s operations. “It’s about setting up those 200 jobs for the long-term prosperity up on the peninsula,” CEO Norman Williams told the Central Morning Show Monday.
“[It’s] about 20 years of mining. When you have employment to that level, and that magnitude, hopefully we’re going to see lots of people come and go and retire and stay on the Baie Verte Peninsula.” Continue Reading →