Recently added articles from Engineering and Mining Journal:
The Tide Goes Out
Jan 01, 2009; ... The wheels began falling off the financial bandwagon in December. The signs were evident even before Bernard Madoff Investment Securities was exposed as a Ponzi scheme and $50 billion worth of investments disappeared. In India, Satyam Computer Services topped the news cycle for a while with $1 ...
Goldcorp Forecasts Five-Year Production Growth of 50%
Jan 01, 2009; ... On January 8, 2008, Goldcorp provided production and cost guidance for 2009 and said that development projects are expected to increase its gold production by 50% to 3.5 million oz over the next five years. Startup of the sulphide mill circuit at the company's Peñasquito operations in Mexico at ...
PolyMet Receives Long-Awaited NorthMet EIS
Jan 01, 2009; ... PolyMet Mining Corp. announced in late December that, after roughly three years in process, it had received the draft Environmental Impact Statement from the State of Minnesota, assessing the company's proposed mine development project located in the Mesabi Iron Range in northeastern Minnesota ....
Second Ultra-Class Digger for Mt. Keith
Jan 01, 2009; ... The second of two 800-mt Hitachi EX8000-6 hydraulic excavators has been commissioned at BHP Billiton's Mt. Keith nickel ore mine in Western Australia. The new excavator will join what was, at the time of its commissioning in February 2008, the first of the big machines to be commissioned in this ...
Work Begins on Chinalco Peru Water Treatment Plant
Jan 01, 2009; ... N.A. Water Systems, a subsidiary of Veolia Water Solutions & Technologies, recently broke ground for a $25-million project to design and build a water treatment plant at the Minera Chinalco Peru S.A. Kingsmill Tunnel water treatment plant site east of Lima, near the border of Junin Province ....
NovaGold Suspends Operation at Rock Creek
Jan 01, 2009; ... NovaGold Resources, owner of the Rock Creek gold mine near Nome, Alaska, reported in November that it anticipated significant cash flow problems due, in part, to mechanical problems and severe weather conditions and consequently had decided to suspend operations at the mine, which commissioned ...
Chinese-English Dictionary for Mineral Processing
Jan 01, 2009; ... The recently published Chinese-English/ English-Chinese Mineral Processing Pictorial Dictionary contains more than 2,500 entries in Chinese and more than 2,600 entries in English. Although the reference mainly covers mineral processing, metallurgy, cement and construction materials, it also ...
China Natural Resources Releases Interim Results
Jan 01, 2009; ... Despite an increase in average iron ore prices and the contribution from its recently acquired copper smelter in Inner Mongolia, China Natural Resources reported lower earnings in December. "This was primarily due to a continued softening of the zinc price during the period; a decrease in the ...
Allied Nevada Reactivates the Hycroft Mine
Jan 01, 2009; ... Allied Nevada Gold Corp. announced on January 6, 2009, that it has initiated production of gold-silver doré at its reactivated Hycroft heap-leach mine near Winnemucca, Nevada. Production during December 2008 totaled about 1,000 oz of gold and 3,000 oz of silver. A new refinery at the property ...
Indonesia Passes Controversial Mining Law
Jan 01, 2009; ... Indonesian legislators during December ended years of deliberation to endorse a contentious mining bill that includes pro- visions on revising the permit system and advocating a review of all existing contracts, according to the Jakarta Post. Under the bill, the permit system will take the form ...
Manantial Espejo Project Pours First Gold
Jan 01, 2009; ... Pan American Silver began pouring gold-silver doré at its new, $185-million Manantial Espejo mine in the Patagonia region of southern Argentina on December 29, 2008. As of December 31, approximately 10,000 oz of silver and 230 oz of gold had been poured, and another 65,000 oz of silver and 1,200 ...
Great Western Studies Restart of Rare Earth Mine
Jan 01, 2009; ... Great Western Minerals Group, a Canadian company, has entered into an option agreement with Rare Earth Extraction Co. Ltd. (Rareco) of Stellenbosch, South Africa, to refurbish, re-commission, and operate the currently abandoned Steenkampskraal underground rare earth mine in the Western Cape, ...
Startups Will Drive Kinross Growth in 2009
Jan 01, 2009; ... A full year of production from three mine projects completed during 2008 is expected to lift Kinross Gold's 2009 gold production by 32% to between 2.4 million and 2.5 million oz, the company announced on January 7, 2009. Kinross's production for 2008 was expected to come in at between 1.8 ...
Golden Eagle Agrees to Operate Jerritt Canyon Mill
Jan 01, 2009; ... Golden Eagle International, Salt Lake City, Utah, said it has entered into an agreement with the owner of the Jerritt Canyon gold mine to operate the mine's 4,000 t/d CIL mill located 50 miles north of Elko, Nevada. The 27-year-old mine and mill, owned by Vancouver, B.C., Canada-based ...
OZ Minerals Struggling to Stay Afloat
Jan 01, 2009; ... OZ Minerals, launched with much fanfare in July 2008 as a result of the merger of Oxiana Minerals and Zinifex, faced an uncertain future as of mid-January 2009. At the heart of the company's problems were a dwindling supply of cash, reported at A$169.2 million at the close of business on ...
Russian Miners Scramble to Refinance Debt
Jan 01, 2009; ... As credit becomes scarce worldwide, the wealthy businessmen or oligarchs that control Russia's mining giants are moving quickly to refinance large debts, which are secured by stakes in the companies they control. During December, Oleg Deripaska, who owns UC Rusal, was forced to take a $4.5 ...
Vale Acquires Coal Assets in Colombia
Jan 01, 2009; ... Vale announced that it entered into a purchase and sale agreement to acquire 100% of the export coal assets of Cementos Argos S.A. (Argos), a Colombian cement producer, for $300 million. Located in the Cesar department, Argos coal assets consist of two mining concessions: El Hatillo, an open-pit ...
Iamgold to Acquire Orezone's Essakane Gold Project
Jan 01, 2009; ... Iamgold Corp. reported in mid-December that it was planning to acquire, through a plan of arrangement, all of the outstanding common shares of Orezone in an all-share transaction valued at approximately $139 million. "This transaction represents excellent value and takes us a large step ...
AngloGold Conducting Fortitude Gold Mine Study
Jan 01, 2009; ... Australian junior Midas Resources reported that AngloGold Ashanti has agreed to carry out a pit optimization and mining study on Midas's Fortitude gold deposit, located 35 km south of AngloGold Ashanti's Sunrise Dam gold operation and about 220 km north-northeast of Kalgoorlie, Western ...
Apex Files for Chapter 11, Arranges Sale of San Cristobal
Jan 01, 2009; ... On January 13, Apex Silver Mines Ltd. and its subsidiary, Apex Silver Mines Corp. announced that they had filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Apex Silver's flagship asset is the 65%-owned San Cristobal silver-zinc-lead project, located in ...