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HudBay talks about violence at Fenix in Guatemala
Mining companies are not strangers to violence that can surround their activities in the developing world. In recent weeks, there have been deaths in Indonesia, Peru and now Guatemala during protests related to ongoing or incipient mining. In Guatemala on Sunday, one person apparently was killed and 13 injured when a long-simmering land issue arose [...]
HudBay to close Flin Flon copper smelter by 2010, then refinery
HudBay Minerals Inc. said this morning it expects to close its copper smelter in Flin Flon, Manitoba before July 1, 2010, and its copper refinery in White Pine, Michigan shortly thereafter. The financial impact of the smelter closure on the company will be minimal, it added, as the processing costs from the sale of concentrates [...]
Trial mining, drilling boost Hollister resources by 27%
The overall contained gold-equivalent ounces at its Hollister in Nevada’s Carlin Trend have increased by 27% from 2.3 million in June 2008 to 2.9 million, Great Basin Gold Ltd. said this morning. At a cut-off grade of 0.25 opt, the combined measured and indicated mineral resources contain 1.45 million gold-equivalent ounces grading 1.167 opt for [...]
Baja Mining gets good news on manganese recovery at Boleo
Baja Mining Corp. said today that a key milestone has been achieved towards manganese metal production at its Boleo project in Baja, Mexico. Staff at the University of British Columbia’s Hydrometallurgy Research Laboratory have successfully demonstrated that manganese metal can be manufactured from Boleo manganese carbonate using conventional hydrometallurgical processing steps, the company reported. A [...]
First diamonds mined in Ontario adorn symbolic Legislative Mace
Two diamonds from the De Beers Canada Victor mine — Ontario’s first diamond mine — have been installed in the Legislative Mace presented to parliament yesterday in a special ceremony in the Ontario Legislature. One diamond was cut and polished, while the other remained in its natural rough form. The Mace was scheduled to undergo [...]
Oil sands giants Suncor and Petro-Canada agree to merge
Suncor Energy Inc. and Petro-Canada, both major players in oil sands mining and refining, said today they have agreed to merge. The combined company, with about $C63 billion in combined assets, will operate as Suncor, but will maintain the Petro-Canada name is refined products. “This merger creates a made-in-Canada energy leader with the assets, cost [...]
Pan American Silver inaugurates Manantial Espejo silver/gold mine in Argentina
Pan American Silver Corp. today celebrated the official inauguration of its Manantial Espejo silver and gold mine in the southern province of Santa Cruz, Argentina. Representatives of the Argentinean federal and provincial governments gathered at Manantial Espejo to participate in the official inaugural ceremony and celebration. Also in attendance were Minister of Planning, Julio de [...]
Capital costs for Baja’s Boleo Cu/Co mine have been cut 12%
Revised capital cost estimates for its Boleo copper/cobalt project in Baja California Sur are down 12% in a new study, Baja Mining Corp. said today. As expected, the company reported, the slowing of the original construction schedule at Boleo has enabled it to take advantage of a reduced cost environment. Given the recent rapid changes [...]
Minefinders’ Dolores mine heralds start of positive cash flow
Minefinders Corp. Ltd. said that increased production in February at its Dolores open-pit mine in Chihuahua allowed the property to begin generating a positive operating cash flow. Dolores is Minefinders’ only operating property, having come on line late last November. Gold production at Dolores in February was 5,089 ounces, up 88% from 2,700 ounces in [...]
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- Follow Chilean update on PAY DIRT Twitter posts September 8, 2010
- HudBay talks about violence at Fenix in Guatemala September 8, 2010
- Real energy projects continue to take shape around the world September 8, 2010