Madison Mine Project
Missouri Cobalt began the environmental cleanup at its Madison County, MO, operation in early 2018. Between proven and inferred reserves, the Madison mine holds an estimated 35 million pounds of recoverable cobalt, likely making it the largest such reserve in North America. The company anticipates obtaining a mining permit from the Missouri Department of Natural Resources (MDNR) in 2018 but expects to begin producing an existing cobalt product on-site in the Summer of 2018. The full Missouri Cobalt operation, including on-site cobalt processing, will follow by 2020.
The site also contains an estimated 51 million pounds of nickel and 65 million pounds of copper.
Environmental remediation at the Missouri Cobalt site will employ up to 50 people. The new mining operation will create more than 250 permanent local jobs, plus construction jobs. In total, the project will produce some 600-700 temporary and permanent jobs.