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Peregrine Considering Open-pit Diamond Mining on Baffin Island
Peregrine Diamonds has reported the results of an independent preliminary economic assessment (PEA) for phaseone development of an owner-operated, open-pit mining project on its Chidliak diamond project on south Baffin Island, Nunavut, Canada. The Chidliak PEA proposes sequential mining of two kimberlite pipes, CH-6 and CH-7. Production would average ..... read
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Trevali’s Caribou Zinc Mine Reaches Commercial Production
Trevali Mining’s Caribou zinc mine in the Bathurst mining camp of northern New Brunswick achieved commercial production effective July 1. Having achieved this key milestone, the company is continuing to optimize operations and ramp up production to boost effi ciencies, recovery rates, and ultimately metal concentrate production. Production guidance for the period .... read more
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Tahoe Increases its Timmins District Interests
Tahoe Resources has acquired Goldcorp’s 2% net smelter return royalty related to production at Tahoe’s 100% owned Bell Creek mine in the Timmins district of Ontario. The companies have also signed a letter of intent to increase Tahoe’s ownership interest in their Whitney Joint Venture to 100%, with Goldcorp’s current interest of approximately .... read
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Escondida Targets Growth Through Concentrator Expansion
Escondida, the world’s largest copper mine, is targeting a copper production increase from about 940,000 metric tons (mt) in 2016 to 1.2 million mt/y for 10 years following completion of a newly approved, $200 million expansion of its Los Colorados concentrator (one of three concentrators on the property). Escondida is located in .… read
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 Las Bambas Reaches Commercial Production
MMG Ltd. reported that the new Las Bambas open-pit copper mine in the Apurimac region of south-central Peru reached commercial on July 1. The project is scheduled to produce 250,000 mt to 300,000 mt of copper in concentrate in 2016 as production ramps up. Full commercial production at a rate of 400,000 mt/y will rank Las Bambas among the world’s largest …. read more
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| AROUND THE
WORLD - Australasia |
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Robust Feasibility Study Supports Woodlawn Base Metals Project
Heron Resources reported in late June that a robust feasibility study of its 100% owned, fully permitted, high-grade Woodlawn zinc-copper-lead project in New South Wales supports the viability of a “Starter Case” project based on current mineral reserves to deliver quality zinc, copper and lead concentrates to market over a nine-year mine life. The project is located on the site of the former Woodlawn mine, which operated from 1978 to 1998 and processed …. read
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Brockman Studying Independent Rail Project
Brockman Mining has reported the results of a study evaluating the potential for it to build an independent railway to connect its Marillana iron ore project, and later its Ophthalmia iron ore project, in the East Pilbara region of Western Australia to Port Hedland. The Marillana project is located 300 km south of Port Hedland and has the potential to produce up to 20 million mt/y over a period of 20 years. Brockman has been unable to negotiate access to existing rail systems, and an independent railway is one of a number of logistics options …. read
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Shaft Sinking Begins at Ivanhoe’s Platreef Project
Ivanhoe Mines began permanent shaftsinking work on Shaft 1 at the Platreef platinum-group-metals, nickel, copper, and gold project in South Africa in mid-July. The shaft will have an internal diameter of 7.25 m and will provide initial access for early underground development. A second shaft, Shaft 2, is planned for Platreef. It will be the project’s main production shaft—10 m in diameter and with capacity to hoist ….
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Resolute Going Underground at Syama
Resolute Mining is initiating development of an underground mine at its 80% owned Syama gold operations in south Mali. Processing operations at Syama include parallel sulphide and oxide processing plants that are currently processing materials from open-pit stockpiles and a satellite open pit. Preproduction capital costs to develop an underground mine below the current open pit are …. read
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Oyu Tolgoi Production on Target
Production from open-pit mining at Turquoise Hill Resources’ Oyu Tolgoi copper-gold-silver operation in Mongolia’s South Gobi region is reported to be on target to meet the 2016 production guidance of 175,000 metric tons (mt) to 195,000 mt of copper in concentrates and 255,000–285,000 oz of gold. The project is operated by …. read more
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Commision Approval Allows Malmyzh to Move Ahead
Eurasian Minerals reported that IG Copper has received approval to advance the Malmyzh copper-gold project in Russia’s Far East. Approval was granted by the Russian Government Commission on Monitoring Foreign Investment chaired by Prime Minister Dmitry Medvedev. The Malmyzh exploration and mining licenses are held by IGC (51%) and Freeport-McMoRan Exploration Corp. (49%), with IGC operating and managing the joint venture project. Eurasian is IGC’s largest shareholder with .…
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Contura Acquires Alpha’s Core Assets
Contura Energy completed the previously announced acquisition of several core assets from Alpha Natural Resources (ANR), which was a key step for Alpha to emerge from Chapter 11 bankruptcy. Contura will be a private, Tennessee-based company with affi liate mining operations across multiple major coal basins in Pennsylvania, Virginia, West Virginia and Wyoming. It also purchased Alpha’s interest in the Dominion Terminal Associates coal export terminal in eastern Virginia. Contura will be …. read more
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Kumba Iron Ore appointed Themba Mkhwanazi as CEO, following Norman Mbazima’s decision to step down after four years to focus on his role as deputy chairman of Anglo American South Africa. Mbazima will remain a member of Anglo American’s Group Management Committee. Mkhwanazi has been CEO of Anglo American’s Coal South Africa business since May 2014.
Atlantic Gold appointed Maryse Bélanger as COO. Bélanger will succeed John Morgan, who will retire. Morgan will remain as a director and has agreed to remain as an advisor. Most recently, Belanger was the CEO and managing director of Mirabela Nickel.
Nemaska Lithium hired François Godin as vice president of operations. Prior to joining Nemaska Lithium, Godin worked 28 years in progressively senior operations and process optimization roles for the Iron and Titanium division of Rio Tinto.
Asante Gold appointed Ned Goodman as the chairman of the board of directors. He was involved in the creation of Kinross Gold, Repadre (later IAMGOLD) and Dundee Precious Metals, and was an early backer of FNX Mining Co. Inc. (later Quadra FNX Mining). Goodman is the deputy chairman of the Canadian Securities Exchange.
Kombat Copper appointed Stephan Theron as president and CEO. Paul Bozoki will return to his role as CFO and Heidi Gerry will resume her role as corporate controller. Theron will also join the board of directors replacing Bozoki. Prior to joining Kombat Copper, Theron was managing director at Liberty Metals and Mining.
The Idaho Mining Association appointed Ben Davenport as its new executive director. Davenport brings more than 12 years of experience in public policy and governmental affairs and was previously the president of the Associated Taxpayers of Idaho. Davenport is replacing Jack Lyman, who recently retired after serving 27 years.
FLSmidth appointed Jeff Court as senior vice president for regional operations within the Minerals division. Most recently, he worked for Orica as a regional vice president over Europe, Turkey and the Middle East.
McLanahan Corp. hired Jeff High as global product manager of crushing and screening.