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Iamgold Upgrading Niobec Operations
- Iamgold has initiated construction of a $28-million mill expansion and an $18- million paste backfill plant at its Niobec niobium mining and processing operations near Chicoutimi, Quebec. The mill expansion will increase mill throughput by 24%, and the paste backfill plant, by eliminating the need to leave ore underground in un-mined pillars, will increase proven and probable reserves at the mine by 36% and inferred resources by 72%. The Niobec mill currently has an average..... read
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HudBay Plans Closures of Copper Smelter and Refinery
- HudBay Minerals announced in June that it expects to close its copper smelter in Flin Flon, Manitoba, before July 1, 2010, and its copper refinery in White Pine, Michigan, shortly thereafter. The Flin Flon copper smelter is part of a mining and metals producing complex that includes the 777 and Trout Lake mines, a concentrator and a zinc plant, in addition to the smelter. The closure applies only to the smelter, which processes concentrates produced by HudBay mines as well as.... read more
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Teck Says Pit Wall Problem Will Reduce Copper Output
- Goldcorp is proceeding with plans to develop its Cochenour project in the Red Lake district of Ontario, Canada. The project combines the existing workings of Goldcorp’s historic Cochenour mine with the contiguous and down-dip Bruce Channel gold discovery acquired by Goldcorp when it acquired Gold Eagle Mines in September 2008. No mineral resource yet exists for Cochenour, but for purposes of initial scoping estimates, Goldcorp is sizing the project at approximately 5 million oz of gold.... read
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Goldcorp Commissions First Sulphide Line at Peñasquito - Goldcorp reported in mid-July 2009 that construction was complete on the first sulphide processing line at its Peñasquito project in Zacatecas, Mexico, and that commissioning was advancing on schedule. The sulphide line is scheduled to begin shipping concentrates during the second half of 2009 and is expected to reach commercial production by January 1, 2010. Goldcorp also reported that construction of Peñasquito’s second sulphide process line was under way and progressing toward planned completion in the third quarter of 2010. Many of the components for the second line were already…… read
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Trade Shows Display Facets of Latin America Mining - E&MJ’s Latin America contributing editor, and editor of sister magazine Equipo Minero, Oscar Martinez, reports on two of the region’s most popular and well-attended expositions. In late April, Buenos Aires hosted ARMINERA—Argentina’s mining exposition— which has become one of the largest mining events in South America. The exposition comprised four pavilions and attracted more than 350 exhibitors. It’s estimated that more than 5,000 people visited the show, organized by the Argentine Chamber of Mining Entrepreneur…. read more
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Quadra Nearing Start-up at Franke Project - Quadra Mining expects to produce the first copper cathode at its Franke open-pit, heap-leach, SX/EW project in Chile’s Antofagasta Region (Region II) during the third quarter of 2009. Quadra acquired the project in April 2009 when in acquired Centenario Copper in an all-share transaction. Design capacity is 70 million lb/y over a mine life of 8.6 years. As of early June, commissioning…… read
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Celebration Marks Four Decades of Iron Ore Deliveries from Mt. Newman - On July 8, BHP Billiton Iron Ore and Western Australia’s Pilbara communities celebrated a significant milestone in Australia’s mining history by marking the 40th anniversary of the railing and shipping of the first iron ore mined from the Mt. Newman project (now known as BHP Billiton Iron Ore’s Newman Joint Venture). The anniversary highlighted the combined achievements of BHP Billiton Iron Ore…. read
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Bendigo Buys Henty Mine from Barrick- Bendigo Mining announced on July 10, 2009, that it had acquired the Henty gold mine in western Tasmania from Barrick Gold for A$8 million plus potential royalties of up to $22 million from future production arising from exploration discoveries. The non-royalty consideration includes A$5 million in cash and A$3 million in Bendigo ordinary shares, giving Barrick an approximate 2.2% interest in Bendigo. The acquisition includes the operating underground Henty mine, a 300,000-mt/y process plant, infrastructure…. read
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Vale Acquires Option for Indonesian Copper-Gold Prospect - Intrepid Mines, an Australian junior company headquartered in Brisbane, and Brazil’s Vale Exploration have signed a non-binding heads of agreement granting Vale an option to acquire rights to Intrepid’s Tujuh Bukit sulphide copper-gold project in Indonesia. Under the terms of the agreement, Vale could earn a 60% shareholding in a jointventure company holding the rights to the project by, amongst other terms….
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AngloGold and Thani Dubai Form Exploration Alliance - AngloGold Ashanti and Thani Dubai Mining Ltd. have formed a 50:50 alliance to explore for, develop, and operate mines across the Middle East and parts of North Africa. The alliance has identified and is evaluating opportunities in the region. A technical and business development group is being assembled and will operate from Dubai, United Arab Emirates .…. read
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Paladin Expanding Langer Heinrich, Again - Paladin Energy announced in late June 2009 that it is undertaking a Stage III expansion at its Langer Heinrich uranium mine in Namibia. The new project is planned to lift production at the mine to 5.2 million lb/y of U3O8 by late 2010. Paladin is currently rounding out a Stage II expansion at Langer Heinrich that targets annual production of 3.7 million lb of U3O8. The Langer Heinrich mine came into production in 2007 at a design capacity of 2.6 million lb/y of U3O8 …. read more
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Banro Advances Twangiza
- Banro Corp. announced on June 8 results of an updated feasibility study of its whollyowned Twangiza open-pit gold project in South Kivu province in eastern Democratic Republic of the Congo (DRC). Subsequently, on June 25, the company reported that it had closed the sale of approximately C$100 million in common Banro shares, of which about $75 million will be applied to advancing its DRC gold projects. Banro is currently estimating a mine life of more than 20 years for the project, with concurrent mining of two open pits based on the Twangiza Main and Twangizay……
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