All Grade Mining is primarily focused on developing the Saltirosa iron mine in the Republic of Chile. Located 28 kilometers from Chanaral, the mine is comprised of an updated 741 hectares spanning 24 square kilometers with an estimated iron ore reserve of over 40 million metric tons based on magnometric and geological studies done on the property.
The necessary professionals required for site planning, excavation engineering, material sampling, concentration methodology, environmental impact declaration, and logistics have been hired. All Grade Mining expects to bring production up to 150,000 Metric Tons monthly, which would generate revenues of approximately $21 million based on the current market price of $141 per metric ton CFR.
Chile is one of South America’s most stable and prosperous nations. Unlike most emerging market nations, the Chilean government has enacted favorable new mining legislation, protecting ownership over mining concessions and creating incentives to facilitate mining, exploration, exploitation, and the creation of mineral processing plants both by foreign companies and investors and by local private firms.
All Grade Mining plans to acquire additional properties throughout South America and the U.S. for iron ore and precious metals with the aim of building a mining portfolio that will enable All Grade Mining to enhance shareholder value. Backed by an experienced team of executives and mining professionals, the company is well positioned to fully execute its growth strategy.
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