AROUND THE
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Allied Nevada Updates its Hycroft Mine Plan
CAllied Nevada has announced an updated mine plan and economics for its Hycroft open-pit mine expansion project located near Winnemucca, Nevada. The revised mine plan supports a 19-year operating life and exploits current proven and probable mineral reserves of 11.9 million oz of gold and 509.6 million oz of silver in 1.1 billion mt grading 0.011 oz/mt gold and 0.46 oz/mt silver. Allied Nevada currently produces from heap leach operations at Hycroft, which are being expanded, and is constructing a milling operation that is scheduled to come into production in 2015. The mine produced 136,705 oz of gold and 696,144 oz of silver in 2012. When the mill is up and...... read
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Labrador Iron Mines, Tata Steel Agree to Cooperate
Labrador Iron Mines and Tata Steel Minerals Canada, a subsidiary of Tata Steel Ltd., have agreed to cooperate on various aspects of their respective iron ore operations in the Labrador Trough in Canada. The companies operate adjacent direct shipping ore mines near Menehik, Labrador, and Schefferville, Quebec, and both utilize and intend to utilize the same rail and port infrastructure. The strategic relationship will include multi-part cooperation agreements in areas of logistics, property rationalization, and various ancillary mutual support and.... read more
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IIBG Studying Possible North American Plants
International Iron Beneficiation Group Ltd. (IIBG), an affiliate of Russia-based OAO Severstal, one of the world’s leading vertically integrated steel and steel-related-mining companies, has launched a preliminary feasibility study to consider the viability of building a granulated iron facility in Sydney, Nova Scotia. Other locations under active consideration in North America include Sept-Îles, Quebec, and sites in Minnesota, Kentucky and Indiana in the United States. Potential plants to be built at these locations would use an innovative process developed by the International Mineral Beneficiation Services (IMBS) based in South Africa.... read
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AROUND THE
WORLD - Latin America |
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Codelco Budgets $5B+ for 2013 Capital Investments
Codelco announced on March 1, that its capital expenditures during 2013 will exceed $5 billion, up from $4.168 billion in 2012. Approximately $2.29 billion of the 2013 total will go toward three major development projects: $1.155 billion for the new Ministro Hales mine, $716 million for the new mine level at El Teniente, and $417 million for the Chuquicamata underground project. These three projects are slated to make major contributions toward Codelco’s long-term goal of maintaining is position as the world’s leading copper producer…… read
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Atacama Pacific Advancing Cerro Maricunga
Atacama Pacific has received a positive, NI 43-101-compliant preliminary economic assessment (PEA) for its 100%-owned Cerro Maricunga oxide gold project in Chile from NCL Ingeniería y Construcción SA, of Santiago. The PEA describes an openpit/ heap-leach project producing 2.7 million oz of gold over a 10-year mine life at estimated operating cash costs of $652/oz. Production over the first five years is projected at 298,000 oz/y. Capital cost to develop the project is estimated at $514.6 million, with sustaining capital of $249 million…. read more
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AROUND THE
WORLD - Australasia |
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Rio Tinto is Australia’s Largest Taxpayer
Xstrata has provided updates on activity at two of its mining operations in Australia. At Xstrata Zinc’s McArthur River zinc mine in the Northern Territory, a $360-million investment has received corporate approval to more than double the mine’s capacity from 2.5 million to 5.5 million mt/y of ore by 2014. The project remains subject to final Australian government approval. At Xstrata Copper’s $124-million Mount Margaret copper mining…. read
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Ivanhoe Starts Stope Production at Starra 276
Ivanhoe Australia began stope blasting and production at its Starra 276 underground mine south of Cloncurry in northwest Queensland in March 2013. Starra 276 is the third underground mine that Ivanhoe Australia has successfully recommissioned at its Osborne copper-gold project, the others being the Osborne and Kulthor mines. Mining at Starra 276 will ramp to its full production rate of approximately 650,000 mt/y of ore in the second quarter of 2013. Ivanhoe Australia began producing copper and gold concentrate at its Osborne processing facilities in February 2012. The company acquired the …. read
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Emirates Aluminum Awards $500M in Contracts to GE
Emirates Aluminium (EMAL) has awarded contracts totaling approximately $500 million to GE to provide equipment and longterm services, directly and via engineering procurement contractors, for the EMAL aluminum smelter in Abu Dhabi. The project is expected to result in lower emissions and to enable EMAL to produce aluminum with better fuel efficiency. GE will supply gas and steam turbines, generators, and a plant-wide control system for EMAL’s Phase II expansion project currently in progress, which will position the smelter as one of the largest single-site aluminum producers in the world. In addition, GE will provide its latest technology upgrades for the gas turbines that supply….
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Sumitomo Building Scandium Recovery Plant at Coral Bay
Sumitomo Metal Mining is building a scandium recovery pilot plant at Coral Bay Nickel Corp., its majority-owned subsidiary located on Palawan Island in the Philippines. Small quantities of the rare earth element scandium are contained in the ore processed at Coral Bay to produce a nickel-cobalt mixed sulphide product, using Sumitomo’s high-pressure acid leach (HPAL) technology. The nickel-cobalt mixed sulphide product is an intermediate product in the nickel refining process…. read
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Endeavour Targeting Q1 2014 Start at Agbaou Gold
Endeavour Mining reports that construction of its Agbaou gold mine in Côte d’Ivoire is on budget and on schedule for production to begin during the first quarter of 2014. Gold production is expected to average 103,000 oz/y over an eightyear mine life. The open-pit mine and gold plant are designed to mine and treat 1.6 million mt/y of saprolite ore or 1.34 million mt/y of bedrock ore. The plant design incorporates a conventional gravity and CIL circuit for a gold recovery rate of 92.5%…. read more
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Oromin Completes CIL, Heap Leach Studies
Oromin Explorations has reported the results of two engineering studies for the OJVG gold project in eastern Senegal: a feasibility study for a carbon-in-leach (CIL) project and a preliminary economic assessment (PEA) for a heap leach project. The CIL project would draw ore from four deposits and would produce 182,000 oz/y during its first three years of production and an average of 144,000 oz/y over a mine life of 17 years. The heap leach project would be developed independently and would draw ore from separate, lower-grade deposits than the CIL project. The heap leach project would produce 36,000 oz/y during its first……
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Walter Energy Curtails Production at Willow Creek
Walter Energy recently decided to curtail production at its Willow Creek mine in Canada. A surface mine, located near Chetwynd, B.C., it produces metallurgical coal with production plans of onethird hard coking coal and two-thirds lowvolatile PCI coal over the mine’s expected 20-year life. The operation has approximately 19 million metric tons of recoverable coal reserves. "The current price environment for met coal dictated that we curtail production at Willow Creek to ensure we generate a sufficient economic return in mining the high quality met coal reserves at the site," said Walter J. Scheller, CEO, Walter Energy. "Given the tremendous progress …. read more
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CONSOL Energy Plans to Re-enter Blacksville No. 2
CONSOL Energy has received approval from the Mine Safety and Health Administration (MSHA) for its plan to reenter the Blacksville No. 2 mine, evacuated March 12 when smoke was detected from the Orndoff shaft. Since then CONSOL Energy, in conjunction with federal and state authorities, pumped enough water into the mine to complete the seal operation and remotely pump eight isolation walls from the surface to seal off the fire area. This process was completed March 24. An analysis indicated the fire was successfully extinguished and company officials have said they would allow re-entry …. read more
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Peabody Energy, WCA Call Bloomberg Out
Peabody Energy and the World Coal Association (WCA) have presented an open letter to New York City Mayor and anti-coal activist Michael Bloomberg through an ad in The New York Times "outlining unmatched growth and benefits of coal." Bloomberg has asserted that coal "is a dead man walking" after investing millions in natural gas development. "On the Contrary Mayor Bloomberg," the ad reads, "Coal is the World’s Fastest Growing Major Fuel," with letters superimposed on the nighttime view of a major metropolitan skyline…. read
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