Empire State Mine Officially Opens In FowlerPosted: Updated:
The Empire State Mine in Fowler is fully operational and at its opening ceremony Tuesday, local stakeholders praised its role as an economic driver in the north country.
"But look behind me, that is a 21st century mine. It is a completely different thing than most people have of the conception of mining," said George Pataki, former governor of New York.
Pataki was one of the speakers at Empire State Mine's opening ceremony Tuesday morning. In 2008, the zinc mine shut down after the price of zinc dropped. But now the mine is officially open again after two years and a $33 million investment by Titan Mining Corporation, Empire State Mine's parent company.
"A lot has happened. We raised over $51 million - or $41 million U.S. - last year in October in connection with an IPO that Titan went on the exchange and that was for the restart of the operation," said Keith Boyle, COO of Titan Mining Corporation.
The New York Power Authority has also provided $330,000 toward the mine's $1.2 million program to train 60 local workers, with an emphasis on training veterans from Fort Drum. Titan Mining's investment has created more than 200 jobs.
"Anytime there is an opportunity to create jobs in the north country it's a beautiful day," said Eugene Nicandri, vice chairman of the NYPA board.
In addition, the power authority is providing 4 megawatts of low-cost hydropower from its St. Lawrence-FDR power plant to the mine.
"The power authority has a role to play in making low-cost hydropower available for job creations and we are more than willing to do it," said Nicandri.
Zinc is a metal used for galvanizing steel and brass casting. You can even find it in your daily vitamin.