Rosemont copper mine gets Aquifer Protection Permit

April 10, 2012

Augusta Resource Corp. said this morning that its Rosemont copper/moly/silver mine south of Tucson has been issued its Aquifer Protection Permit by the Arizona Department of Environmental Quality. The APP establishes the operating standards and controls to ensure the protection of ground water and is effective for the life of the mine. Rosemont has now...

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Molycorp’s rare-earth reserves at Mountain Pass increase 36%

April 9, 2012
Molycorp’s rare-earth reserves at Mountain Pass increase 36%

Proven and probable reserves of rare-earth minerals at its Mountain Pass, California facility have increased by 36%, according to a new independent estimate, Molycorp Inc. reported this morning. The updated estimate, based on the SEC’s rigorous “Industry Guide 7″ definition of proven and probable mineral reserves, expands Molycorp’s reserves to 18.4 million tons of...

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Santa Fe Gold achieves commercial production at Summit in New Mexico

April 4, 2012
Santa Fe Gold achieves commercial production at Summit in New Mexico

Commercial production is now under way at its Summit silver/gold mine in southwest New Mexico, Santa Fe Gold Corp. reported this morning. Initial development of the mine has been successfully completed, mechanized mining of the ore body has begun and production levels are steadily increasing, the company said. Beginning with the June 2012 quarter,...

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ITH Mines likes Alaska’s deal for keeping energy costs down

April 4, 2012

International Tower Hill Mines Ltd. said this morning that the State of Alaska has reached a landmark settlement with major oil producers BP PLC, Exxon Mobil Corp. and ConocoPhillips for the study of a major liquefied natural gas pipeline at the Point Thompson gas field on the North Slope of Alaska’s northernmost coast. A...

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Peabody endorses CORESafety, a new program by NMA member companies

April 3, 2012

Peabody Energy has endorsed and will be participating in CORESafety, a new safety and health management system developed by member companies of the National Mining Association for the U.S. mining industry. CORESafety is the result of nearly two years of collaboration among NMA member company safety professionals to achieve an industry goal established in 2010 by...

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Gryphon Gold completes first test-production pour at ADR plant at Borealis

April 3, 2012

Gryphon Gold Corp. has completed a test-production run at its adsorption-desorption-recovery plant at its Borealis property in Nevada, it reported this morning. The test was successful. The test included the pouring of two doré bars from loaded carbon extracted from the oxide heap-leach project. The doré bars have been sent for laboratory testing and...

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United Silver initiates 4-year plan to explore, develop Crescent mine

March 23, 2012
United Silver initiates 4-year plan to explore, develop Crescent mine

United Silver Corp. has started on the company’s phased, property-wide, $23 million, four-year plan to further explore and develop the Crescent silver mine resource in Idaho’s Silver Valley, it reported this morning. The objectives of the plan are to further explore the existing silver resource, develop the existing resource and explore for additional resources...

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Expansion at Tenke on schedule, budget; reserves increase

February 29, 2012
Expansion at Tenke on schedule, budget; reserves increase

The Phase 2 expansion at the Tenke Fungurume copper/cobalt mine in Democratic Republic of Congo is advancing on schedule and budget, minority partner Lundin Mining Corp. reported yesterday. The company also said that proven and probable mineral reserves reported at year-end 2011 increased to 155.7 million tonnes grading 2.8% copper and 0.3% cobalt. Previous numbers...

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North Bullfrog gold mine in Nevada will cost $68.8 million and pay back investment in 2.6 years

February 28, 2012
North Bullfrog gold mine in Nevada will cost $68.8 million and pay back investment in 2.6 years

A preliminary economic assessment for its North Bullfrog project in Nevada says the gold mine will produce 57,700 opy over 12.8 years, paying back its initial capital of $68.8 million in 2.6 years, Corvus Gold Inc. reported this morning. This independently prepared PEA is based on the company’s Nov. 7, 2011 resource estimate and...

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Bogdanka mine in Poland sets world production record with Cat plow longwall

February 27, 2012
Bogdanka mine in Poland sets world production record with Cat plow longwall

On Feb. 16, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face, Caterpillar Inc. has reported. The company commissioned the first Cat® longwall system at its Bogdanka mine, near Lublin in...

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Cost inflation in mining is here to stay, Jefferies & Co. says

February 24, 2012
Cost inflation in mining is here to stay, Jefferies & Co. says

An analysis of reports on last year’s financial by the Big 4 miners show that cost inflation — for the most part — is here to stay, Jefferies & Co. said in a report issued today. In its “Metals & Mining: Takeaways from the Big 4,” looking at the 2011 reports by Anglo American, BHP Billiton, Rio Tinto...

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