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McEwen Reports Positive Feasibility Study for Gold Bar
McEwen Mining has announced the results of an NI 43-101-compliant feasibility study of its 100% owned Gold Bar project in Eureka County, Nevada. The study describes an open-pit, heap-leach project processing approximately 8,000 metric tons per day (mt/d) of ore on a conventional heap leach pad, followed by an adsorption-desorption recovery carbon plant producing a doré product. Mine life is planned at five years, with total production estimated...... read
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Star Mountain Acquiring Hudbay’s Balmat Mine
Star Mountain Resources announced in mid-October that it is acquiring Hudbay’s Balmat zinc mine in upstate New York. Balmat has been on care and maintenance since August 2008. The care and maintenance workforce has kept mining permits current, Mine Safety and Health Administration (MSHA) inspections upto- date, and environmental controls and conditions in regulatory compliance; and Star Mountain sees no legal or regulatory roadblocks that... read more
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Alamos Acquiring Carlisle and its Lynn Lake Project
Alamos Gold announced in mid-October an agreement to acquire the shares of Carlisle Goldfields that it does not already own for cash and Alamos shares valued at about $22.1 million. At the time of the announcement, Alamos held an approximate 19.9% interest in Carlisle. Carlisle’s primary asset is the Lynn Lake gold project in the past-producing Lynn Lake gold camp in northwest Manitoba, Canada. The project includes five near-surface deposits that contain measured and indicated.... read
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| AROUND THE
WORLD - Latin America |
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NGEx Studying Chile/Argentina Cross-border Copper-gold Project
NGEx Resources is conducting a preliminary economic assessment (PEA) of the potential for integrated development of the Los Helados and Josemaria coppergold deposits, located about 12 km from each other on opposites sides of the Chile/Argentina border. Los Helados is located in Region III, Chile; Josemaria is located in San Juan province, Argentina. NGEx has a 60% interest in each project. Pan Pacific Copper holds the remaining 40% of Los Helados…… read
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Timmins Gold Acquires Process Plant for Ana Paula
Timmins Gold has agreed to buy the complete process plant and select auxiliary equipment used in the operation of Goldcorp’s El Sauzal mine in Chihuahua, Mexico for relocation to Timmins’ Ana Paula project, currently being developed in Guerrero, Mexico. Total purchase price is C$8 million. Closing of the transaction is subject to, among other things, completion of a C$6 million investment by Goldcorp in Timmins Gold by way of a non-brokered private placement…. read more
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| AROUND THE
WORLD - Australasia |
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OZ Considering High-grade Start for Carrapateena Mining
OZ Minerals has initiated a scoping study of the potential for mining startup at its Carrapateena underground copper-gold project in South Australia based on extraction of the deposit’s high-grade core. The study was prompted by a new analysis of the core that identified 61 million metric tons (mt) of resources grading 2.9% copper equivalent (2.4% copper, 0.9 g/mt gold, and 11.7 g/mt silver). An earlier prefeasibility study released in…. read
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Doray Targeting Mid-2016 Production Start at Deflector
Doray Minerals initiated construction of its Deflector gold project in the southern Murchison region of Western Australia, 160 km east of the port of Geraldton, in early August. Mining is planned to begin from an open pit beginning in mid-2016. The majority of the orebody is in narrow highgrade veins that will be mined by mechanized underground mining techniques. A gravity-flotation processing plant is being built to provide for extraction of both the gold/silver and the copper content in the ore …. read
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True Gold Begins Mining at Karma
True Gold Mining began mining the Goulagou II (GGII) deposit at the Karma heap-leach gold project in Burkina Faso in October. The deposit is the first of six that will be mined over an 11.5-year period. Production will average approximately 120,000 ounces per year (oz/y) of gold during the first five years of operation at lowest-quartile cash costs. First gold production is….
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Sibanye offers $294 Million for Aquarius in Friendly Deal
Sibanye Gold announced in early October a $294 million cash offer for Aquarius Platinum, following up on an agreement announced a month earlier to acquire the Rustenburg mining operations of Anglo American Platinum (Amplats) on the Western Limb of South Africa’s Bushveld Complex (E&MJ, October 2015, p. 5). Aquarius owns 50% stakes in the Kroondal mine and the Platinum Mile tailings retreatment facilities, which are adjacent to the Amplats Rustenburg mines, and in the Mimosa joint…. read
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North Korea’s Controversial Rare-earth Resources Could Transform Economy
North Korea’s revelation, two years ago, that it has a vast deposit of minerals caused a stir—and no small amount of controversy—but if true, could substantially change the secretive country’s fortunes. In 2013, the discovery of a vast resource of the group of minerals known collectively as rare earths, south of the capital Pyongyang, was announced. The Jongju target as it is known, indicated a total mineralization potential of 6 billion metric tons (mt), with a total of 216.2 million mt…. read more
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Freeport and Indonesian Government Agree on Continued Grasberg Operations
Freeport-McMoRan reported in October that its Indonesian subsidiary, PT Freeport Indonesia (PT-FI), has received assurances from the government that approval will be granted for extension of mining operations at the Grasberg complex in Papua province beyond 2021, including the same rights and level of legal and fiscal certainty provided under its current Contract of Work. The government is currently developing economic stimulus measures that include revisions to mining……
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Australia Approves Carmichael Mine—Again
During mid-October, Queensland Minister for the Environment Greg Hunt re-approved Adani’s proposed $16 billion Carmichael mine following a reconsideration of the project subject to conditions. The project, based in the Galilee Basin approximately 160 km northwest of Clermont, is expected to ultimately produce and export 60 million metric tons (mt) of coal per year and create 3,800 jobs. According to Hunt, the latest approval would be "subject to 36 of the strictest conditions in Australian history." In August, a federal court revoked an environmental approval granted to Adani in …. read more
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HD Mining Gets Greenlight for Canadian Longwall
The minister of energy and mines recently approved the environmental assessment for HD Mining International, the first underground coal mine to get the go-ahead in British Columbia, Canada, in more than 25 years. Minister Bill Bennett confirmed during Ocotber that the company’s $688 million Murray River Coal project in the northeastern region of the province outside of Tumbler will progress. It will be British Columbia’s first longwall. Murray River, with a projected operating life …. read more
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Charges Come Down in Obed Mountain Spill
Two years after a mine tailings containment pond gave way at the Obed Mountain complex in Alberta, Canada, the mine’s owner has been charged in the incident. The Alberta Energy Regulator (AER) confirmed recently that six charges have been filed against Coal Valley Resources (CVRI) and Sherritt International, doing business as Sherritt Coal, related to the 670,000m3 spill on October 31, 2013. The release sent water, minerals, flocculent and a small amount of unrecovered coal …. read more
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Peabody Energy elected Robert A. Malone to the nonexecutive role of chairman effective January 1. The veteran executive has been serving as lead independent director of Peabody since January 2013. He will succeed Gregory H. Boyce, who will retire from Peabody effective December 31. Malone is the retired executive vice president of British Petroleum and former chairman and president of BP America Inc.
Alcoa appointed Roy Harvey, executive vice president, human resources and environment, health, safety and sustainability, as president of Global Primary Products (GPP), succeeding Bob Wilt. Harvey previously served as both COO and CFO of GPP, Alcoa’s upstream business.
Chinalco Mining Corp. announced that Dr. Zhang Chengzhong has resigned as its CEO and has been redesignated as a nonexecutive director. Chengzhong has also resigned as the chairman and a member of the Futures Risk Management Committee. Luan Shuwei, a nonexecutive director, is now an executive director and was appointed CEO, a member and the chairman of the Futures Risk Management Committee.
Primero Mining Corp. appointed Tamara Brown as vice president, corporate development. Brown will succeed David Sandison. Brown held the position of vice president, investor relations, with Primero.
Compass Minerals appointed Diana Toman senior vice president, general counsel and corporate secretary. Most recently, Toman was vice president, strategy and general counsel, Asia Pacific and Africa for General Cable Corp.
Superior Industries named Mike Schultz its product manager for the company’s new crushing equipment product solutions. Most recently, Schultz was employed at Terex Mineral Processing Systems as a market area director.
Check-6 International appointed Laura Owen as the CEO. She joined the board of directors for Check-6 in December 2014. Previously, she was the founder and CEO of PontSalus.
Northern Light Technologies announced Tony Napier as business unit manager, global digital solutions. His previous roles span from business owner to CEO of multiple major mining companies in Australia, where he acquired in-depth knowledge of both Leaky Feeder UHF/VHF and Wi-Fi.
