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Cigar Lake Start Delayed
Cameco reported on September 9, that production from its Cigar Lake uranium mining project in northern Saskatchewan, which had been scheduled to begin during the second half of 2013, will be delayed until the first quarter of 2014, due to some problems encountered during commissioning. Construction of the Cigar Lake mine was 97% complete at the time of the announcement, and commissioning of the mining systems was well advanced. However, additional work related to water seepage in the underground ore handling facilities was delaying the start of jet boring in ore.... read
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Vale Fined for 2011 Mine Fatalities
The Ontario Court of Justice has imposed a fine of C$1,050,000 on Vale Canada in connection with the June 2011 deaths of two miners at Vale’s Stobie underground nickel mine in the Sudbury district of Ontario. On the night shift of June 8, 2011, Jason Chenier and Jordan Fram were working at an ore pass on the 3,000-ft level of the Stobie mine. They were in the process of transferring muck from above the level to below the level through a transfer gate. They were operating the gate using a remote control pendant... read more
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Permitting Completed for Pumpkin Hollow Underground
Nevada Copper reported on September 9, it has received the Nevada Air Quality Operating Permit for construction and operation of its Pumpkin Hollow Stage 1 underground project in Nevada, the final permit needed for construction and operation of the project. The company is developing Pumpkin Hollow in two stages, with an open pit planned to follow development of the underground mine. With all permits for the underground project in hand, Nevada Copper will receive a further $15 million under its $200-million RK Mine Finance senior secured loan facility and copper concentrate.... read
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AROUND THE
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Hochschild Receives Final Construction Permit for Inmaculada
Hochschild Mining announced on September 20, that the Peruvian government has approved the mill construction permit for its 60%-owned Inmaculada gold-silver project in southwest Peru. International Minerals Corp. holds the remaining 40% of the project. Receipt of the Inmaculada mill permit concluded the project’s construction permitting process. Current scheduling calls for completion of construction and start of commissioning during the fourth quarter of 2014…… read
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Alamos Acquires Esperanza and Orsa; Esperanza Project Has Regulatory Concerns
Alamos Gold has completed its acquisitions of Esperanza Resources and Orsa Ventures, which were initially announced in July. Esperanza shareholders cast 96.25% of their votes in favor of the Esperanza transaction at a shareholders meeting on August 27, while Orsa shareholders cast 98% of their votes in favor of the Orsa transaction at a shareholders meeting on September 11. Subsequent approvals from the Supreme Court of British Columbia allowed completion of the transactions. The Esperanza transaction was valued at about C$69.4 million; the Orsa transaction was valued at about C$3.5 million…. read more
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AROUND THE
WORLD - Australasia |
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Australian Election Results Favor Mining Industry
Tony Abbott and his Liberal and National Party Coalition were clear winners in Australia’s September 7 federal election. Abbott was sworn in as prime minister on September 18. During his campaign, Abbott said he would work to repeal the nation’s carbon tax and Minerals Resource Rent Tax, which have weighed on minerals industry development. However, accomplishing those goals may not be easy. The new government will have a clear majority in the Parliament’s lower house, the House of Representatives, when its members are seated in July 2014. However, the government may face obstacles in the upper house, the Senate, where…. read
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Rio Tinto Ships First Ore from its 290-million mt/y Expansion Rio Tinto loaded the first shipment of iron ore from its expanded port, rail and mine operations in Australia on September 2. The Tai Shan, a Rio Tinto Marine-chartered Cape-size vessel embarked from the new Cape Lambert B wharf carrying a cargo of 165,000 mt of "Pilbara blend" fines. The shipment was bound for Nippon Steel & Sumitomo Metal Corp.’s Kimitsu works in Tokyo. The Rio Tinto shipment marked the start of commissioning of an expansion program that will see overall capacity of the company’s iron ore operations in Western Australia increase to 290 million mt/y. Rio Tinto Iron Ore Chief Executive Andrew Harding said, "The 290 project is the largest integrated mining …. read
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Centerra Announces Potential Restructuring of Kumtor Ownership
Centerra Gold announced on September 9, that it has entered into a non-binding memorandum of understanding (MOU) with the government of the Kyrgyz Republic regarding a potential restructuring transaction under which Kyrgyzaltyn JSC would exchange its 32.7% equity interest in Centerra for an interest in a joint-venture company that would own the Kumtor gold mine. Kyrgyzaltyn JSC is a joint-stock company wholly owned by the Kyrgyz Republic. The Kumtor mine is located in the Tien Shan Mountains 350 km southeast of the Kyrgyz capital of Bishkek. Gold production during 2013 is forecast to total between 550,000 and 600,000 oz….
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ICL and Duc Giang Developing Vietnam Phosphate Operations
ICL Group (Israel Chemicals Ltd.) and Duc Giang, a privately owned Vietnamese company, have signed a memorandum of understanding calling for cooperation in building and expanding a phosphate platform in Vietnam to serve the country and the wider Southeast Asian market. The agreement calls for joint activities to mine phosphate and establish factories to process phosphate in Bao Thang province, Vietnam, for a variety of uses in ICL’s three core markets: food, agriculture and engineered materials…. read
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Kibali Pours First Gold Ahead of Schedule Randgold Resources poured the first gold bar at the huge Kibali gold project in north-eastern Democratic Republic of Congo (DRC) on September 24. The project schedule had previously called for the first pour to take place during the fourth quarter of 2013. The Kibali project is owned by Randgold (45%), AngloGold Ashanti (45%), and the Congolese parastatal Sokimo (10%). Randgold is developing the project and will operate the mine…. read more
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South African Gold Strike Ends after 3 Days
A strike that began at South Africa’s gold mines on September 3, ended after only three days, despite earlier union threats that the strike could last until Christmas. Gold producers represented in wage negotiations by the Chamber of Mines of South Africa (AngloGold Ashanti, Gold Fields Harmony Gold, Pan African Resources, Rand Uranium, Sibanye Gold, and Village Main Reef) announced on September 10 the finalization of a two-year wage settlement with the National Union of Mineworkers (NUM), UASA and Solidarity……
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BHP Billiton Opens Daunia Mine
BHP Billiton recently celebrated the opening of the new Daunia mine, the company’s ninth metallurgical coal mine operating in central Queensland. BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Campbell Newman, Premier of Queensland, and joint venture partner, Mitsubishi, in a ceremony to open the mine, which has created 450 direct jobs in Queensland. "In recent years, through the BHP Billiton Mitsubishi Alliance (BMA)1, we have made significant capital investments to expand our operations here in Queensland," said Valle…. read more
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EPA’s Proposes New Source Performance Standard National Mining Association (NMA) officials have expressed dismay at the Environmental Protection Agency’s (EPA) New Source Performance Standard, a proposed regulation for controlling greenhouse gas emissions from the coal-based power plants that generate 40% of American electricity. "The regulation announced by the EPA effectively bans coal from America’s power portfolio," said NMA CEO Hal Quinn, "leaving new power plants equipped with even the most efficient and environmentally advanced technologies out in the cold."…. read more
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Peabody Claims Union Rejected a Good Offer
The United Mine Workers of America (UMWA) plans to appeal a ruling dismissing a lawsuit against Peabody Energy and Arch Coal. The federal court dismissed the lawsuit the union had filed under the Employee Retirement and Income Security Act (ERISA). The ruling throws cold water on a rally that took place in St. Louis, Mo., USA, where 15 people were arrested in front of Peabody Energy headquarters. Just before the rally, Peabody announced that the UMWA had rejected an offer to settle all claims with the UMWA, payable over 15 years, which could have provided 3,100 Patriot Coal…. read
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