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Costs, Schedule Cause Indefinite Suspension of Tulsequah Project
- Redcorp Ventures Ltd. and its subsidiary, Redfern Resources reported in mid- February that construction activities at the Tulsequah Chief mine will remain suspended until further notice because of uncertainty related to the costs required to complete the development of the project. Early in December 2008, Redcorp had appointed Global Project Management Corp. to manage the mine’s development. GPMC subsequently developed a project execution plan that included a review and..... read
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Crowflight Ships First Bucko Lake Concentrate
- Crowflight Minerals shipped the first nickel concentrate from its underground Bucko Lake nickel mine near Wabowden, Manitoba, on February 12, 2009. The shipment marked the transition of the company from mine developer to producer. All Bucko Lake concentrates are being shipped to Xstrata’s smelter in Sudbury, Ontario. Bucko Lake is initially processing lowergrade material to commission.... read more
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Study to Proceed for New Saskatchewan Potash Project
- Athabasca Potash said it has retained SNC-Lavalin Inc. to provide pre-feasibility study services on its Burr project, located adjacent to the PCS Lanigan mine 107 km east of Saskatoon, Saskatchewan. According to the Saskatchewan-based company, SNC-Lavalin and other consultants will each focus on specific elements study, with SNC-Lavalin addressing the surface processing plant and infrastructure. Other consultants and Athabasca will handle the environmental and other aspects.... read
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Yamana Completes Underground Mining Studies for Gualcamayo - Yamana Gold has completed studies related to underground mining at its Gualcamayo project in San Juan province, northern Argentina. Two mining methods— shrinkage fill and front caving with pillar recovery—were considered for mining the project’s QDD Lower West underground deposit. Both methods are considered feasible; however, Toronto, Canada-based Yamana said it selected front caving…… read
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Baja Updates Activity for Boleo UG Project - Baja Mining Corp. recently issued an update on the progress of its Mexican polymetallic underground mine project. Vancouver, Canada-based Baja is the majority owner of the Boleo copper-cobalt-zincmanganese project at Santa Rosalia, Baja California Sur, Mexico. Following an October 29, 2008, decision to throttle-down the pace of construction at the site, the company said has been devoting time to progressing detailed…. read more
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BHP Billiton Shuts Down Ravensthorpe - BHP Billiton announced on January 21 that it was immediately commencing ramp down and indefinite suspension of its Ravensthorpe Nickel Operation in Western Australia.
Consequently, the company’s Yabulu refinery in Queensland will stop processing mixed nickel cobalt hydroxide product from Ravensthorpe and will revert to processing…. read
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Minmetals Offers A$2.6 Billion in Cash for Struggling OZ Minerals
- On February 16, 2009, four days after the Rio Tinto-Chinalco agreement (See page 6), Australian mining company OZ Minerals and China Minmetals Non-ferrous Metals Co. announced an agreement whereby Minmetals would acquire OZ Minerals outright for A$2.6 billion in cash. The offer price represented a premium of 50% to the last traded price (A$0.55/share) of OZ Minerals prior to suspension of trading of its shares in late November 2008. Minmetals also…. read
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Ivanhoe Reports Current Activity at Oyu Tolgoi - Ivanhoe Mines recently reported on the status of engineering and development activity at its Oyu Tolgoi gold-copper product in Mongolia. According to the company, capital project work has concentrated on the progression of engineering, the ongoing construction of some site infrastructure and planning for the start of full-scale construction that is dependent on the completion of an Investment Agreement with the Government of Mongolia….
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Alcoa Joins China Province on Aluminum Projects - Alcoa and the government of Henan province in China have formed a strategic cooperation agreement to jointly establish world-class projects for the primary and fabricated aluminum industry in Henan. Henan is located in central China and is the country’s largest producer of non-ferrous metals. The province is home to seven alumina refineries, with production capacity totaling over 2 million mt/y, and 14 primary aluminum smelters, with a total capacity of 1.3 million mt/y. The province’s bauxite reserves total 960 million mt, the second largest among China’s provinces .…. read
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Centamin Egypt Begins Mining at Sukari - Centamin Egypt, an Australian company headquartered in Perth, reported in mid- February that it has initiated mining operations at its Sukari open-pit gold project in Egypt’s eastern desert, 30 km from the Red Sea. Ore is being stockpiled ahead of scheduled completion of the processing plant during the second quarter of 2009. At designed capacity, the plant will have a throughput rate of 4 million mt/y, and gold production is expected to …. read more
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Tenke Project on Schedule for 2009 Commissioning
- Lundin Mining Corp. reported on January 26 that the Tenke Fungurume copper/ cobalt project is expected to enter the commissioning phase in the second quarter of 2009 with a target of producing first copper cathode in that quarter. Full commercial production is forecast in the second half 2009. Lundin holds a 24.75% equity interest in the Tenke project, located in Katanga Province, Democratic Republic of Congo……
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