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Rubicon enrols in long-term power program

from Canadian Mining Journal

Toronto's Rubicon Minerals is busy preparing the Phoenix gold mine and mill near Red Lake for production later this year, but not too busy to take a positive step toward controlling operating costs. The company has been accepted into the Industrial Electricity Incentive Stream 3 program from the Independent Electricity System Operator. Over the nine-year length of the program contract, Rubicon anticipates saving $4 million per year (based on 2014 electricity rate information). more

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