AROUND THE
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Midway’s Pan Project Pours First Gold
Midway Gold poured the first gold at its openpit, heap leach Pan project in White Pine County, Nevada in late March. Production totaled about 500 oz in two pours. As of March 27, approximately 3.4 million st of ore had been stacked on the Pan leach pad, and about 2.6 million st were under leach. Midway expects to add an additional 5.9 million st of ore to the pad through the remainder of 2015. A planned leach pad expansion is on schedule to increase capacity from approximately 8 million st to 20 million st by the end of 2015...... read
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Trevali Nearing Re-start of Caribou Production
Trevali Mining reported in late March that it has re-started mining activities at its Caribou underground zinc-lead-silver-copper mine and mill complex in the Bathurst mining camp of northern New Brunswick, Canada and that commissioning of the mill would begin during the second quarter. Trevali acquired the inactive Caribou operation from Maple Minerals in November 2012. The mine and mill had operated for approximately 13 months prior to going into receivership in 2008 due to depressed... read more
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Stornoway Building Renard Diamond Plant
Stornoway Diamond Corp. poured the first concrete for the processing plant at its Renard diamond project in early April. The project is located in the James Bay region of Quebec, 350 km north of Chibougamau. Specialized concrete work for the plant’s foundations is scheduled to continue through the spring and early summer before the erection of structural steel begins in June. The Renard plant building is scheduled to be completed and heated by the fourth quarter of this year, allowing the installation of the temperature.... read
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AROUND THE
WORLD - Latin America |
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Armed Robbers Steal Gold Concentrate from McEwen’s El Gallo 1 Mine
McEwen Mining’s El Gallo 1 gold mine in Sinaloa, Mexico was hit by armed robbers on April 7, with a loss of an estimated 900 kg of gold-bearing concentrate containing approximately 7,000 oz of gold. Due to upgrades in progress in the processing plant, approximately 30 days of concentrate production were in the refinery at the time of the robbery. No one was seriously injured…… read
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Belo Sun Targets 205,000 oz/y of Gold at Volta Grande
Belo Sun Mining has reported the results of a positive feasibility study of its Volta Grande open-pit gold project in Pará state, northern Brazil, with production estimated at 205,000 oz/y of gold over a 17-year mine life in sustaining costs of $779/oz. Initial capital costs to develop the project are estimated at $298 million. Proven and probable mineral reserves total 3.8 million oz of gold at a grade of 1.02 g/mt. The Volta Grande feasibility study considers open-pit mining using an owner operated…. read more
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AROUND THE
WORLD - Australasia |
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Heron Advances Woodlawn Redevelopment Project
Heron Resources has reported the results of a preliminary economic assessment (PEA) of its 100%-owned and fully permitted Woodlawn zinc-copper project 220 km southwest of Sydney, New South Wales, Australia. The project is located on the site of the former Woodlawn mine, which operated from 1978 to 1998 and processed 13.8 million mt of ore from open-pit, underground, and satellite deposits at average grades of 9.1% zinc, 1.6% copper; 3.6% lead, 0.5g/mt gold, and 74g/mt…. read
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Atlas Suspends Production Due to Low Iron Ore Price
Atlas Iron reported on April 10 that it was suspending production at its five direct shipping ore (DSO) mines in the Pilbara region of Western Australia due to recent falls in the iron ore price. The company expected to suspend the mines progressively during April, with exports to cease shortly thereafter. The mines are being placed on care and maintenance pending future developments in the iron ore market. Atlas opened its Mt. Webber mine on July 15, 2014. Previously, it had developed four mines: Pardoo (2008), Wodgina (2010) …. read
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Golden Star Going Underground at Wassa
Golden Star has announced plans to develop an underground mine beneath the current open-pit at its Wassa gold-mining operations in southwest Ghana. The underground production will supplement ongoing open-pit production as feed to the 2.7- million-mt/y Wassa processing plant. A recently completed feasibility study estimates the Wassa mine will produce an average of 163,000 oz/y of gold over a mine life to 2024. Life-of-mine cash operating costs for the combined openpit/ underground operation are estimated at $780/oz, while all-in sustaining costs….
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Fuel Cell Power Gaining Ground in South Africa
Impala Platinum (Implats) announced on March 31 plans to use fuel cells to provide energy at its platinum group metals refinery in Springs, South Africa, beginning in early 2016. The announcement accompanied the launch of Africa’s first 100-kW platinum fuel cell, which has been installed to provide power for the offices of the Chamber of Mines of South Africa. Implats has partnered with Mitochondria Energy, a local business, to develop and deliver fuel cell solutions that provide sustainable economic returns at Implats operations…. read
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Mongolian Government Approves Oyu Tolgoi Expansion
Mongolian prime minister Chimediin Saikhanbileg announced on April 5 that his cabinet has approved a second-phase of development of the Oyu Tolgoi copper-goldsilver mine in southern Mongolia. Oyu Tolgoi is owned 66% by Turquoise Hill Resources and 34% by the government. Rio Tinto owns a 51% share of Turquoise Hill Resources and manages the project…. read more
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Alacer Proceeding with Çöpler Sulphide Project
Alacer Gold’s board of directors has approved development of the Çöpler sulphide project at its 80%-owned Çöpler gold mine in Erzincan province, eastern Turkey. The Çöpler mine has been processing oxide ore via an open-pit, heap leach process since late 2010. A definitive feasibility study of sulphide ore processing via wholeore pressure oxidation was……
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Glencore to Close Australia’s West Wallsend Early
Glencore has pushed its plans several months forward and has decided to shutter its West Wallsend coal complex in Australia in 2016, pointing to low prices. The company said the mine in New South Wales, which it co-owns with Japanese-based Marubeni Corp. and JFE Minerals, had initially been slated to idle in late 2016 or early 2017. Consideration had been given to a number of options to extend the mine's life but a combination of factors, especially coal market and economic conditions …. read more
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CNX Coal Resources Files for an IPO
CONSOL Energy announced this week that its subsidiary, CNX Coal Resources LP, filed the necessary paperwork with the U.S. Securities and Exchange Commission (SEC) for the initial public offering (IPO) of common units representing limited partner interests. CNX Coal Resources’ initial assets are expected to consist of a 20% undivided interest in, and operational control over, CONSOL Energy’s Pennsylvania mining complex, which consists of three underground mines (the Bailey mine, the Enlow Fork …. read more
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NMA Challenges EPA Before Supreme Court
The U.S. Supreme Court heard oral arguments from the National Mining Association (NMA), 21 states and the Utility Air Regulatory Group challenging the legality of the Environmental Protection Agency’s (EPA) 2012 Mercury and Air Toxics (MATS) rule. The MATS rule, among the costliest in regulatory history, is responsible for retiring up to 20% of the nation’s coal fleet of power plants, according to the NMA. NMA specifically challenges the failure of the EPA to meet the Clean Air Act’s (CAA) test of "appropriate and necessary" by …. read more
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