Russell Mining & Minerals , is a major mine development company focused on the development of mature mineral discoveries in North America. The Company uses in-house engineering and geological expertise and its pipeline of consultants, senior geologists and industry experts to identify, evaluate, acquire and develop large base, precious metal or uranium mine prospects in mining friendly jurisdictions.
The Company's preference is to acquire a 100% interest in advanced stage basic and precious metal properties.
Contact Us:
Russell Associates 120 North Pine Street , Suite 156
Spokane, WA 99202
Phone: (509) 343-3193
Fax: ( 509) 343-3194
Chairman, President and CEO of Idaho General Mines, Inc; (renamed General Moly Inc.): Started GMO and acquired two world class advanced stage projects in Nevada which are now in the permitting phase of development (see projects below).
Mount Hope – General Moly Inc.
The Mt. Hope project is the world’s largest and highest-grade undeveloped molybdenum project. The deposit contains 1.3 billion pounds of Proven and Probable reserves. Mt. Hope on a 100% basis, an after-tax project Net Present Value (NPV) of $1.75 billion, discounted at 8%. Production begins in late 2010.
Hall Tonopah (Liberty Project) – General Moly Inc.
A Second World Class Molybdenum Project [Re-named "Liberty Project"]. The deposit contains 503 million pounds of Proven and Probable molybdenum reserves to be produced over a 33 year mine life. After-tax, Net Present Value (NPV) of $514 million, discounted at 8%. Internal Rate of Return (IRR) of 22% and capital payback of 3.5 years from initial production. GMO will start initial production in 2013.
_____________________________________ Indonesia Project – Freeport-McMoRan Copper & Gold Inc. (Executive VP Operations, Project Director and VP FCX)
- Built a $2B mine and plant: raised production from 17,000 tpd to 130,000 tpd. This Indonesia Project is the largest gold mine and second largest copper mine in the world
Nchanga Operations – Zambia Consolidated Mines (General Manager) - Director for all Nchanga Operations
Sunshine Mine – Sunshine Mining Co: (General Manager) during period of active revitalization and production (June 1972 – 1974) of this large silver mine.
Bunker Hill Mine – Bunker Hill Mining Co: (Mine Superintendant) - large lead, zinc and silver mine, doubled production and productivity.
Contact Us:120 North Pine Street , Suite 156 - Spokane, WA 99202 / Phone: (509) 343-3193 / Fax: ( 509) 343-3194
