AROUND THE
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Sierra Club Requests Review of Romarco’s Haile Mine Permit
The South Carolina Department of Health and Environmental Control Board received a request from the Sierra Club on November 19 for a review of the proposed mine operating permit issued for Romarco Minerals’ Haile gold mine project in Lancaster County, South Carolina. The permit had been approved on November 7 and was due to become effective on November 21. The permit was the final major permit required for the Haile project...... read
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Lundin Reaches Commercial Production at Eagle Mine
Lundin Mining announced on November 24 that its Eagle mine in Michigan’s Upper Peninsula has achieved commercial production. Lundin Mining defines commercial production as the ability to maintain average production metrics of 75% of designed throughput, 75% nickel recovery, and production of target-grade nickel concentrate (11% to 16%) for a period of 30 days. The project includes the underground Eagle mine 53 km northwest of Marquette, Michigan, and the Humboldt mill 60 km.... read more
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Dominion Diamond Files DAR for Jay Pipe Mining at Ekati
Dominion Diamond Corp. has filed the Developer’s Assessment Report (DAR) with the Mackenzie Valley Environmental Impact Review Board for mining of the Jay kimberlite pipe at its Ekati diamond operations in Canada’s Northwest Territories. The purpose of the DAR is to meet the requirements of the review board’s environmental assessment process. The Jay project is an extension of the current Ekati mining operation, with the potential to extend mine life to.... read
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AROUND THE
WORLD - Latin America |
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Suriname Government Buys Into Newmont’s Merian Gold Project
Newmont Mining reported on November 18 that the government of Suriname has exercised its option to participate in a fully funded, 25% equity ownership stake in the Merian open-pit gold project in northeast Suriname. Government participation will be through Staatsolie Maatschappij Suriname N.V., a Surinamese corporation wholly owned by the state of Suriname…… read
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Goldcorp Withdraws El Morro EIS
Goldcorp has withdrawn its Environmental Impact Study (EIS) for the El Morro copper- gold project in the Atacama Region of north-central Chile. Goldcorp is 70% owner and operator of the project. New Gold holds the remaining 30%. The Atacama Region environmental authority issued an Environmental Assessment Resolution approving the El Morro EIS in October 2013. However, in October the Chilean Supreme Court issued a final ruling that invalidated earlier approval, based on objections…. read more
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AROUND THE
WORLD - Australasia |
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French President Hollande Inaugurates Koniambo Nickel
French President François Hollande officially inaugurated the Koniambo laterite nickel project (Koniambo Nickel) in New Caledonia on November 17. The project is a joint venture between Société Minière du Sud Pacifique (SMSP) (51%) and Glencore (49%). SMSP is the development arm of the North Province of New Caledonia. Construction of Koniambo Nickel began in 2007 and included a mine…. read
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Nautilus Signs Charter Agreement for Seafloor Mining Support Vessel
Nautilus Minerals has entered into an agreement with Marine Assets Corp. for construction and charter of a vessel to be deployed in support of Nautilus’s Solwara 1 seafloor mining project in the Bismarck Sea, New Ireland province, Papua New Guinea. The vessel will serve as the operations base for a joint venture to be formed by Nautilus and Papua New Guinea state company Eda Kopa. When completed, the vessel will measure 227 m in length and 40 m in width, with accommodations for up to 180 people …. read
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China Gold’s CSH Mine Set to Double Production
China Gold International Resources Corp. (CGIR) reported that test production runs at the second 30,000-mt/d heap leaching and processing system at its Chang Shan Hao gold mine (CSH mine) in Inner Mongolia, China, have been completed, and the results are in line with expectations. The facilities entered commercial production in October. During 2014, CGIR has gradually increased the CSH mining rate from 30,000 to 60,000 mt/d to meet the newly expanded processing capacity. Successful production of approximately 6,241 oz and 13,185 oz of gold was achieved in August and September, respectively, from the new facilities….
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Oyu Tolgoi Owners Continue Shareholder Talks
Oyu Tolgoi mine operator Turquoise Hill Resources, its parent Rio Tinto and the government of Mongolia reportedly are working together to resolve unsettled shareholder matters and finalize project finance to develop the underground mine at the copper-gold project. Turquoise Hill and Rio Tinto issued a statement saying they have made an offer to the government to resolve these matters in a manner the company believes "is beneficial to all stakeholders."…. read
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Asanko Gold Project's First Phase Targets 190,000 oz/y in 2016
Asanko Gold has released the Definitive Project Plan for Phase 1 of its two-phase Asanko gold mine project in Ghana. Construction has started on Phase 1, with steady state production planned at 190,000 oz/y. First gold is targeted for the first quarter of 2016 and steady state production for the second quarter of 2016. Phase 1 is slated to produce 2.33 million oz of gold over a 12-year mine life. A study of Phase 2 development is scheduled for completion during…. read more
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Ivanhoe Receives Platreef Mining Right
South Africa’s Department of Mineral Resources (DMR) and Ivanhoe Mines jointly announced in early November the finalization of the mining right for the development and operation of the Ivanhoe’s Platreef mining project on the Northern Limb of the Bushveld Complex. The mining right authorizes Ivanhoe to mine and process platinum group metals, nickel, copper, gold, silver, cobalt, iron, vanadium and chrome at the project. The right was issued for an initial period of 30 years and may be renewed for further periods……
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Former Massey CEO Pleads Not Guilty in Federal Court
In his first court appearance since being indicted on four federal felony charges on November 12, former Massey Energy CEO Don Blankenship has plead not guilty to all charges and is now free on bond. The 64-year-old former executive, who was in a Beckley, West Virginia, court November 20 to enter his plea, is facing up to 31 years in prison for criminal offenses including conspiracy to violate mandatory federal mine safety and health standards, conspiracy to impede federal mine safety officials, making false statements to the United States Securities and Exchange Commission (SEC), and securities fraud …. read more
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Kiev Ready to Buy Coal from Self-proclaimed Republics in Ukraine
Kiev is ready to buy coal at cost price from the self-proclaimed Donetsk and Lugansk People’s Republics, said Ukraine’s first deputy energy minister, stressing that it will be cheaper than buying it from abroad. As freezing temperatures come to Ukraine, First Deputy Energy Minister of Ukraine Yury Zyukov said that the Kiev government is ready to buy some 2.1 million metric tons (mt) of coal, currently stored at warehouses on the territories controlled by independence supporters, RIA Novosti reported. "If we have a cost price of 650 hryvnia …. read more
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Westmoreland Coal Will Buy Oxford Resources Partners
Westmoreland Coal Co. will acquire the general partner of Oxford Resource Partners, which will allow it to enter the master limited partnership (MLP) space. As part of the arrangement, the company will contribute royalty-bearing coal reserves at the Kemmerer mine in Wyoming, USA. The transaction will allow Oxford to resume quarterly distributions to shareholders and refinance its existing credit facilities on better terms, including additional credit capacity to fund future acquisitions. Following these transactions, Oxford will continue…. read
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