AROUND THE
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Iamgold Reaches Commercial Production at Westwood
Iamgold declared commercial production at its Westwood underground mine in the Abitibi region of southwest Quebec on July 31. The mine hoisted ore at an average of 1,075 metric tons per day (mt/d) for the first 30 days of July. The Westwood mine is operated within Iamgold’s Doyon division, which previously operated the Doyon and Mouska mines. Production at the Doyon mine ended in late 2009, and production at the Mouska mine ended in early 2014. The Westwood.... read
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Duluth Metals Targeting 30-year Underground Mine
Duluth Metals has reported the results of a draft pre-feasibility study (PFS) for the proposed Twin Metals Minnesota (TMM) underground copper, nickel and platinum group metals mining project in northeast Minnesota. The PFS is based on a 30-year underground mine plan with an average production rate of 50,000 st/d of ore, generating marketable copper and nickel concentrates. Life-of-mine production of metal in concentrates is estimated at approximately 5.8 billion lb of copper, 1.2 billion lb of nickel, 1.5 million oz of platinum, 4 million oz of palladium... read more
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Victory Nickel Enters the Frac Sand Business
Victory Nickel and its wholly owned subsidiary Victory Silica have commissioned the 500,000-mt/y Seven Persons frac sand plant near Medicine Hat, Alberta, and expect to ramp up production and sales through the remainder of 2014. Victory Nickel has four early-stage nickel sulphide projects in Canada: Minago, Mel, and Lynn Lake (currently under option to Prophecy Platinum Corp.) in Manitoba and Lac Rocher in northwestern Québec. Its new frac sand business provides it with its first source of cash flow.... read
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AROUND THE
WORLD - Latin America |
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Goldcorp Pours First Gold at Cerro Negro
Goldcorp poured the first doré bar at its new Cerro Negro gold mine in Santa Cruz province, Argentina, on July 25. The bar weighed approximately 100 kg and contained an estimated 317 oz of gold. Goldcorp expects to declare commercial production at the mine before year-end 2014. Gold production from Cerro Negro during 2014 is forecast to be in the range of 130,000 to 180,000 oz. Annual production during the first five years of full operations is scheduled…… read
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Tahoe’s Escobal Mill Exceeding Design Capacity
Mill throughput at Tahoe Resources’ new Escobal silver mine 70 km southeast of Guatemala City, Guatemala, exceeded its design capacity of 3,500 metric tons per day (mt/d) during June and July, averaging 3,709 mt/d in June and 3,788 mt/d in July. For the full three months of the second quarter, throughput averaged 3,410 mt/d. Mill operations started up at Escobal in late September 2013, and Tahoe declared commercial production in January. The company is forecasting average production of more than 20 million silver equivalent oz/y over Escobal’s first 10 years of operation, which will rank it among the world’s top five silver mines…. read more
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AROUND THE
WORLD - Australasia |
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BHP Billiton Plans Large-scale Heap-leach Test at Olympic Dam
BHP Billiton reported in late July that laboratory and pilot-scale trials of heap leaching as an alternative process for extracting metals from ore mined at its Olympic Dam copper-uranium mine in South Australia have shown promising results. To further test heap leaching at a larger and more integrated scale, the company has lodged an application for assessment by the Australian federal…. read
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OZ Minerals Looking for Carrapateena Partner OZ Minerals has reported the results of a pre-feasibility study of its Carrapateena copper- gold project in central South Australia, about 425 km north of Adelaide and 250 km southeast of the company’s Prominent Hill mining operations. The company stated that sole development of the project is beyond its prudent financial capacity, and it is looking for a partner or partners to participate in development of the project. The Carrapateena pre-feasibility study supports development of an underground, block-caving operation that would produce an average of 114,000 mt/y of copper and 117,000 oz/y of gold in a high-quality copper- gold concentrate. Mine life based on …. read
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Oyu Tolgoi Signs Power Cooperation Agreement
Turquoise Hill Resources reported in mid- August the signing of an agreement between the government of Mongolia and Oyu Tolgoi LLC, the operating company for the Oyu Tolgoi mine, for cooperation in development of a comprehensive energy plan for the South Gobi region of Mongolia. Oyu Tolgoi LLC is owned 66% by Turquoise Hill and 34% by the government. The agreement provides a framework for a broad range of power-related issues, including establishment of a power generation source….
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EIA Approved for Alamos Gold’s Aği Daği Project
Alamos Gold reported that Turkey’s Ministry of the Environment and Urbanization has issued a Positive Decision Certificate for the company’s Environmental Impact Assessment (EIA) of its Aği Daği gold project on the Biga peninsula in northwest Turkey. The company continues work on amending the EIA for its Kirazli project to include an assessment of the potential cumulative impacts of proposed projects in the region. The projects are located about 25 km apart…. read
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AngloGold Restarts Operations Following Earthquake Anglo
Gold Ashanti reported on August 11 that it was restarting its Great Noligwa and Moab Khotsong mines in the Vaal River district of South Africa, where operations were halted on August 5 following a 5.3- magnitude earthquake. The quake was one of South Africa’s largest in the past decade and was felt as far away as Mozambique and Botswana. The epicenter was about 10 km below ground near the town of Orkney in the Northwest…. read more
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Zimplats Shuts Down its Bimha Mine
Impala Platinum and its 87% owned Zimplats Holdings subsidiary announced on August 20 that all mining activity at their Bimha underground platinum mine in Zimbabwe was being shut down due to unstable ground conditions. On July 18, Zimplats had reported a major underground collapse at Bimha that affected nearly 50% of the mining footprint at the mine. The collapse was triggered by the accelerated deterioration of ground conditions associated with the Mutambara Shear, a major shear that transgresses through half……
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Foresight Energy Buys into Donkin Project in Nova Scotia
The $500 million Donkin coking coal project in Canada’s Nova Scotia province finally may be moving to the commercial stage after nearly a decade under the joint partnership of U.S.-based Foresight Energy LP and Morien Resources, headquartered in Halifax, Nova Scotia. In late August, Morien and Foresight were entering into discussions with provincial officials to reach agreements aimed at ensuring Donkin’s development along the rugged Atlantic Ocean coastline of Nova Scotia’s Cape Breton Island…. read more
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Blackhawk Mining Buys James River Coal A federal judge in late August approved the $52 million sale of nearly a dozen U.S. coal mines and related facilities owned by James River Coal Co. to a subsidiary of Lexington, Kentucky-based Blackhawk Mining LLC, which had won a bankruptcy court-sanctioned auction for the assets. James River and 33 affiliates filed for Chapter 11 bankruptcy reorganization in early April listing more than $800 million in debt and $1 billion in assets after enduring a turbulent past couple of years marked by operating losses and production cutbacks…. read more
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Oregon Denies Morrow Pacific Terminal Application
The Oregon Department of State Lands (DSL) has rejected a critical permit for Ambre Energy’s planned Morrow Pacific coal export terminal. State officials recently confirmed the denial of the project’s removal fill permit after a series of eight delays. Morrow Pacific, also known as the Coyote Island Terminal, was the most advanced in the planning stages of three planned U.S. exporting facilities in the Pacific Northwest…. read
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