Finnish metal producer Outokumpu has bought the Bula property adjacent to its Tara zinc mine in central Ireland, increasing the resources that will be available to the Tara operation when it re-starts production.
Bula, with resources of 8 million tonnes grading 10% zinc and 2% lead, is an up-dip extension of Tara northeast of the present mine. Outokumpu is also blocking out reserves on its own ground to the southwest. The company, which shut down operations at Tara in November of last year, expects to return to production in early September.
The Bula property was bought out of receivership for Eu 35 million.
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