AROUND THE
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Thompson Creek Starts Up New Endako Mill
Thompson Creek Metals achieved commercial production at its 75%-owned Endako molybdenum mine in central British Columbia February 1, 2012. For the first five days of February, the new mill was running at or above its design capacity of 55,000 st/d, a 77% increase over the old mill’s capacity of 31,000 st/d. Construction of the regrind circuit for the new mill was still in progress and was expected to be completed by the end of the first quarter of 2012. In the interim, the company is utilizing the cleaner and regrind circuit in the old mill. Thompson Creek’s 2012 production.... read
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Vale Project Will Reduce Sudbury Smelter Emissions
Vale has approved a $2-billion investment to reduce sulphur dioxide emissions at its smelter in Sudbury, Ontario, by 70% from current levels. Vale has already invested heavily in the "Clean AER Project," spending some $100-million on research and development over the past four years in preparation for final project approval. Clean AER (AER stands for atmospheric emissions reduction) is in addition to the 90% reduction in sulphur dioxide emissions realized at Sudbury since 1970 and complements the ongoing "re-greening" of the Sudbury region.... read more
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Nevada Copper Sinking Shaft at Pumpkin Hollow
Nevada Copper began sinking the underground production shaft for its Pumpkin Hollow copper project at Yerington, Nevada, in late February 2012. The 2,200-ft-deep, 24-ft-diameter shaft will provide access to Pumpkin Hollow’s East underground deposit. At a groundbreaking ceremony for the shaft-sinking project, Nevada Copper President and CEO Giulio Bonifacio said, "This shaft will allow us to access the over 820 million lb of high-grade underground copper reserves in the East deposit defined in the feasibility study. The shaft will also provide us with detailed.... read
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AROUND THE
WORLD - Latin America |
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Ahmsa and Posco Consider Joint Venture
Altos Hornos de México (Ahmsa) and Korean steelmaker Pohang Iron and Steel (Posco) have signed a letter of intent to jointly evaluate mining and iron and steel projects, including a potential mining joint venture between the companies to supply iron ore to Posco. Posco will support an investigation into the possibility of Ahmsa developing a facility to supply the Mexican market with automotive standard quality steel, not currently produced in the country. Pursuant to the letter of intent, by midyear 2012, both parties will determine the elements required to establish…… read
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Kinross Seeks Improved Terms for Fruta del Norte Gold
Kinross reported in its 2011 results release and conference call in late January 2012 it had reopened negotiations with the government of Ecuador and was seeking an enhanced economic package for developing its Fruta del Norte project in Zamora, Ecuador, while continuing with feasibility work at the project. The company said it would proceed with the project only when it…. read more
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AROUND THE
WORLD - Australasia |
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BHP Billiton Begins Work on Outer Harbor at Port Hedland
BHP Billiton announced in early February 2012 approval of $917 million (BHP Billiton share $779 million) in pre-commitment funding for the construction of a 100-million-mt/y outer harbor ship-loading facility at Port Hedland, Western Australia, to provide for export of iron ore from its expanding Western Australia iron ore operations. The project is expected to be reviewed for full approval in the fourth quarter…. read
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Gindalbie Awards Magnetite Mining Contract for Karara Gindalbie Metals has awarded the magnetite ore mining contract for Stage 1 of its Karara iron ore project in Western Australia to Downer EDI Mining (DEM), a unit of the engineering and infrastructure management services group Downer EDI Ltd. The contract has an estimated value of about A$570 million over a duration of six years and includes provision of drill-and-blast and load-and-haul services. The contract is based on mining of about 20 million mt/y of ore and 10 million mt/y of waste …. read
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Vedanta Consolidating Diverse Resource Holdings
Vedanta Resources announced in late February it will consolidate all of its diverse natural resource holdings, with the exception of Konkola Copper Mines in Zambia, into a single group to be called Sesa Sterlite. Vedanta has a 79.4% interest in Konkola and will continue to hold that interest directly. Sesa Sterlite will be formed through the merger of Sterlite, owned 54.6% by Vedanta, into Sesa Goa, owned 55.1% by Vedanta. All other Vedanta natural resource holdings, again with the exception of Konkola, will be rolled into Sesa Sterlite. When all of the shifting of….
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Concrete Poured for Ma’aden Alcoa Alumina Refinery
The Ma’aden Alcoa aluminum joint venture has poured the first concrete in the construction of the alumina refinery at their fully integrated aluminum complex at Ras Al Khair on the east coast of Saudi Arabia. Design capacity of the refinery is 1.8 million mt/y of smelter-grade alumina. The plant will be the first alumina refinery in the Middle East and will include a technologically advanced system to treat, recycle and conserve significant volumes of water. The $10.8-billion Ma’aden Alcoa aluminum project includes development of a bauxite mine…. read
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Avion Starts Underground Production at Tabakoto Avion Gold has started underground production at its newly developed underground mine on the Tabakoto gold deposit in Mali, West Africa. The Tabakoto underground mine is scheduled to produce about 470,000 mt of ore in 2012, at an average grade of 4.34 g/mt, with approximately 60,000 oz of gold recovered by the process plant. This represents 41% of Tabakoto’s estimated gold production for 2012. The other 59% will come from open-pit mining. Commenting on the start of production at the Tabakoto underground mine, Avion’s COO Andrew Bradfield said, "The commencement of production ore…. read more
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Golden Star Restarts Bogoso/Prestea Oxide Plant
Golden Star Resources reported in early February it has re-commissioned the oxide (non-refractory) processing plant at its Bogoso/Prestea operations in southwest Ghana. The Bogoso/Prestea oxide plant operated from 1990 to 2008 until a lack of oxide ore required that it be put on care and maintenance. Since that time, the comminution and flotation circuits in the oxide plant have been operated periodically to supplement flotation concentrate supply to the sulphide plant’s BIOX circuit. Since July 2011, the oxide plant has been refurbished……
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Mechel Suspends Production at New-Olzherassk
Russian mining company, Mechel OAO, temporarily suspended longwall production at Southern Kuzbass Coal Co.’s New- Olzherassk mine. High levels of carbon monoxide were registered at longwall face No. 21-1-7, which is usually the result of coal self-heating. Southern Kuzbass is working on measures to eliminate selfheating. The affected area has been flooded with nitrogen foam. Remote sampling will yield prompt information on the gas situation. The mine has a substantial stockpile and supply contracts will…. read more
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Poland's Bogdanka Mine Sets Production Record On February 16, 2012, the Polish coal mining company Lubelski Wegiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 metric tons (mt) of coal from a single face. The company commissioned a Cat longwall system at its Bogdanka mine, near Lublin in eastern Poland, in March 2010 and within six months had raised the bar to nearly 17,000 mt of cut coal a day. Since then, Bogdanka has continued to increase its daily output, with a plow face that began mining in the new 7/VII/385 panel last October having taking…. read more
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Banpu to Invest Heavily in Australian Coal
Banpu Plc raised its five-year capital expenditure budget through 2015 to $1.7 billion from $466 million including $600 million to be spent on its Australian coal operations. Thailand’s largest coal miner aims to raise its coal production to 60 million metric tons (mt) by 2015 from 47.7 million mt this year, said Chief Executive Chanin Vongkusolkit. Australian coal production will total 20 million mt, 30 million mt will come from Indonesian mines, 5 million mt from Mongolia and another 5 million mt from China…. read
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