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RVM > SEC Filings for RVM > Form 8-K on 24-May-2013All Recent SEC Filings

Show all filings for REVETT MINERALS INC. | Request a Trial to NEW EDGAR Online Pro



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Item 8.01. Other

On May 23, 2013, Revett Minerals Inc. (the "Company") provided an update on efforts to re-establish access to mining areas at its Troy Mine in northwest Montana. Because of the unexpected discovery of ground fall and structural damage in the Lower Quartzite south of the B fault and the length of time required for alternative development into this area, the Company has issued a notice under the Worker Adjustment and Retraining Notification (WARN) Act and announced an immediate and significant reduction in the workforce at its Troy Mine.

Due to this unexpected discovery of ground fall and structural damage, the Company will not resume production by the end of the second quarter this year as planned. If remaining crews are successful in re-establishing access through the "D Drive" to the Lower Quartzite haulage route, which is estimated to take approximately 8 more weeks, mining operations in the A and C Beds could possibly resume in the fourth quarter of this year.

In case access through the "D Drive" to the Lower Quartzite haulage route is not possible, the Company is currently evaluating alternative development plans in order to access established mining reserves in the A, C and I Bed mining areas.

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