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Tethyan Copper Files for Arbitration |
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Tethyan Copper Company in November 2011 filed for international arbitration to protect its legal rights at the Reko Diq copper-gold project in northwest Balochistan province, Pakistan.
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Development Study Examines Bauxite Industry for Vietnam |
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Atlantic Ltd., an Australian company based in Perth, has signed an agreement with the Institute of Mining Science & Metallurgy, under the Vietnamese Ministry of Industry and Trade, to undertake a development study for a Vietnamese bauxite extraction and supply chain industry. The Central Highlands region of Vietnam hosts significant high-quality bauxite resources, which to date are largely undeveloped. The development study will assess a “mine-rail-port” proposal submitted by Atlantic to local and national authorities.
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Central Asia Resources Starts Mining at Dalabai |
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Central Asia Resources announced in late September 2011 it has started mining at its Dalabai gold project in Kazakhstan. Central Asia Resources acquired the project in 2008 and has focused on it as an easy-to-develop, heap leach operation that could generate early cash flow to provide funding for further exploration and development at other company projects in Kazakhstan. The project was developed at a low capital expenditure of $10.7 million, and cash costs of production are expected to average $540/oz.
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Eldorado Plans Doubling of Production at Kişladağ |
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Eldorado Gold has released the results of an expansion study that outlines a potential doubling of production at its Kişladağ heap-leach gold mine in western Turkey. Assuming positive ongoing results related to final project details, a construction decision and placement of orders for long-lead equipment are expected by year-end 2011.
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Jindal and Rio Tinto Agree to Advance HIsmelt Technology |
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Indian steelmaker Jindal Steel and Power and Rio Tinto signed a memorandum of understanding in early August 2011 to work jointly toward global commercialization of the HIsmelt direct iron ore smelting technology developed by Rio Tinto.
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Turkish Mining: Ready for Maturity |
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By Mungo Smith, E&MJ correspondent, Istanbul
Turkey, located where geographic Asia meets Europe, has territory on both continents; and, although most of this land is on the Asian side, the country is considered Europe’s largest gold producer. Over the past decade, its base metal production also has been ramping up. A reformed mining law and imminent license auctions should now spur further drilling campaigns to unleash the country’s mineral potential.
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Diamond Bourse of Canada Opens Shanghai Office |
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The Diamond Bourse of Canada (DBC), Canada’s central diamond exchange, announced October 10 the opening of a permanent liaison office within the Shanghai Diamond Exchange facility, China’s primary diamond gateway. Establishing a permanent DBC presence in China came at the conclusion of a formal business visit by a delegation of Canadian diamond businesses that sought to address three primary goals:
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Kazakhmys Developing Major Copper Mine at Bozshakol |
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Kazakhstan copper producer Kazakhmys is proceeding with development of its major copper growth project at Bozshakol in northern Kazakhstan. Bozshakol is a greenfield project located close to existing power, transportation and other infrastructure.
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Emirates Aluminum Proceeding with $4.5-billion Phase II Expansion |
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Emirates Aluminum reports it will proceed with Phase II of its operational development plan following approval by the company’s board of directors of the $4.5-billlion investment.
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Woulfe Secures Permit for Tungsten-Molybdenum Mine in South Korea |
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The government of South Korea has issued Woulfe Mining permits to develop the 6-m x 6-m production adit for Woulfe’s Sangdong tungsten-molybdenum mine 187 km southeast of Seoul. The adit portal will be located less than 100 m from the planned crusher site and will access mineralization almost immediately inside the adit.
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