Ormonde mine in Spain to go live by end of next year

Ormonde Mining is targeting first production from its flagship project in western Spain by end of next year.

The Co. Meath-headquartered prospecting firm recently hinted commercialisation of the long-awaited, but potentially lucrative, Barruecopardo tungsten mine near Salamanca was likely to be delayed until next year.

However, recent test drilling results also suggested the natural life of the mine should be extended from nine years to around 14 years.

The delay was down to a local government administrative appeal relating to a compulsory land acquisition process.

Ormonde said, this week, that the matter has been resolved, but commissioning of Barruecopardo will now take place in late 2017.

Ormonde yesterday reported a turnover of €527,000 for 2015. The company also generated a profit of €2.44m last year, a turnaround from a €1.6m loss the previous year.

Ormonde’s chairman Mike Donoghue said the past year has been a successful one for the company, having achieved a $100m financing package for Barruecopardo in “a very difficult funding market for mining projects”.

Tungsten prices have seen an upturn of late, with Barruecopardo’s importance more notable given global supply has been constrained by the eight largest tungsten producers in China cutting back on production levels.

Ormonde also said that its Salamanca-Zamora gold exploration projects are being maintained in good order, while it continues to explore avenues to offload its La Zarza copper and gold project in the south of Spain.


Another episode, another incredible Cork woman. The tale of Mother Jones, the famous union organiser and activist against child labour in 19th century America.Five things for the week ahead: RTÉ showcase another incredible Cork woman

Holger Smyth part-owns and runs Inanna Rare Books, which has recently opened a ‘rare book lounge’ at the former Hawthorn creamery near Drimoleague, Co Cork.We sell books: Cream of the book crop sold from former co-op

Milton Jones talks hecklers, Hawaiian shirts and the world’s favourite clever Irishman with Richard FitzpatrickMilton Jones: When one line will do just fine

After almost 70 years of trying the search goes on, but so far nothing has been found.Sky Matters: Whether we are alone in the Universe has exercised many great minds

More From The Irish Examiner