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Avanti Redeveloping Kitsault Moly Mine
- Avanti Mining has released the results of a positive NI 43-101 preliminary prefeasibility study for redevelopment of the Kitsault molybdenum mine 140 km north of Prince Rupert, British Columbia, and has initiated a bankable feasibility study targeted for completion during the fourth quarter of 2010. The feasibility study will include open-pit optimization, additional field investigations and metallurgical testwork, a roaster trade-off study, and bi-product lead and silver recovery metallurgical work. Permitting, marketing and financing..... read
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HudBay Restarting Chisel North
- HudBay Minerals announced at October 30, 2009, that it was restarting operations at its Chisel North mine and concentrator in Snow Lake, Manitoba, effective immediately, with full production expected in the second quarter of 2010. The restart is expected to provide 30,000 mt/y of zinc concentrate feed to HudBay’s Flin Flon, Manitoba zinc plant. Among other considerations, HudBay said, restarting this source of zinc concentrate for processing at Flin Flon will be more economical than purchasing third-party concentrates. Capital costs of the restart are expected to total about C$7 million.... read more
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Cameco Resumes Dewatering at Cigar Lake
- Cameco Corp. announced in late October 2009 that it has resumed dewatering of underground development at the Cigar Lake uranium project in northern Saskatchewan. On August 12, 2008, an inflow on the mine’s 420-m level forced suspension of dewatering of earlier flooding that started in October 2006 at a different location in the mine. Mine development at Cigar Lake is primarily between the 465-m and 500-m levels. The original flooding in October 2006 occurred in a development drift on the 465-m level. Mine development has been halted since that time.... read
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Goldcorp Acquiring Canplats Resources - Goldcorp announced in mid-November that it will acquire Canadian exploration company Canplats Resources and its Camino Rojo project, located 50 km southeast of Goldcorp’s Peñasquito mine in Zacatecas, Mexico, in exchange for Goldcorp shares valued at about C$238 million. Camino Rojo’s 3,389- km2 land position includes the Represa deposit, which has reported measured and indicated resources of 3.4 million oz of gold and 60.7 million oz of silver. Inferred resources total 555,000 oz of gold and 7.6 million oz of silver…… read
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Rio Tinto, Codelco Create Tech Alliance - Rio Tinto and Codelco have formed a mining technology development alliance, Río de Cobre, to jointly pursue next-generation copper mining and processing technology development. The objective of the alliance is to deliver safer, more energy-efficient, and lowercost production from both current and next-generation surface and deep underground mines while operating with a lower overall environmental impact. The alliance will be governed by an independent chair and vice chair…. read more
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Ivernia Restarting Magellan Lead Mine - Ivernia Inc. is working toward a February 2010 restart of mining and processing operations at its Magellan open-cut lead carbonate mine and concentrator located about 30 km west of Wiluna in the Midwest region of Western Australia. The mine and plant have been on care and maintenance since April 2007, when operations were suspended as a result of environmental problems arising from the shipping of its bulk lead concentrates through the port of Esperance…. read
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Galaxy Starts Construction at Mt. Cattlin Lithium Project- Galaxy Resources, a junior company based in West Perth, Western Australia, has started construction of its Mt. Cattlin lithium project, 2 km north of Ravensthorpe in southern Western Australia. The hard rock spodumene mine and concentrator are designed to produce 137,000 mt/y of 6% Li2O spodumene concentrate. Construction began in early November 2009 and is scheduled for completion during the third quarter of 2010…. read
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MMG Moves Ahead on Sepon Copper Expansion - Victoria, Australia-based Minerals and Metals Group (MMG) announced in early November a restart of its commitment to develop three major projects, including $60.4 million to expand production capacity at the Sepon copper operations in Laos; $3.7 million for design and construction of a flotation desliming circuit at Sepon to improve pyrite recovery; as well as $24 million to design and construct a new tailings storage facility at Golden Grove in Western Australia. The previously announced expansion program was suspended in September 2008 due to economic uncertainty….
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Vietnam Gold Producer to Hit 80K Oz in Late 2010 - Olympus Pacific Minerals reported that it reached record gold production for the month of October at its Bong Mieu gold processing plant in Vietnam. Production for October was 3,133 oz. The plant throughput is now being sourced from the company's two operating underground mines at Phuoc Son and Bong Mieu. The company said the October output is consistent with its 2010 forecast of 40,000 oz/y. Construction of a plant at Phuoc Son has started, with commissioning expected in the fourth quarter 2010, by which time the annualized .…. read
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Feasibility Study Will Target Sadiola’s Deep Sulphide Ores - Iamgold reported in early November 2009 that the board of directors of SEMOS, the operating company that owns the Sadiola gold mine in Mali, has approved a $9-million feasibility study of open-pit mining of deep sulphide ores at the property. SEMOS is owned 38% by Iamgold, 38% by operating partner AngloGold Ashanti, 18% by the Mali government, and 6% by the International Finance Corp. (IFC). Iamgold took the lead in re-engineering and updating the pre-feasibility study of deep sulphide ore mining …. read more
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Paladin Planning Stage 4 Expansion at Langer Heinrich
- Paladin Energy reported in late October 2009 that an extensive in-house study has determined that, based on current mineral resources, production of 9 million lb/y of U3O8 would be an optimum operating rate for its Langer Heinrich mine in Namibia. Paladin initiated a Stage 3 expansion at the mine in mid-year 2009 that is designed to lift the production rate to 5.2 million lb/y of U3O8 by late 2010……
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