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Latin America
Barrick Suspends Construction on Chilean Side of Pascua-Lama
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- Created on Tuesday, 14 May 2013 15:20
Barrick Gold announced on April 10, 2013, that construction work on the Chilean side of its cross-border Chile/Argentina Pascua-Lama gold-silver project had been suspended while the company worked to address environmental and other regulatory requirements to the satisfaction of Chilean authorities. In the interim, activities deemed necessary for environmental protection were continuing as authorized.
Read more: Barrick Suspends Construction on Chilean Side of Pascua-Lama
Project Development Resumes at Antucoya
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- Created on Tuesday, 14 May 2013 15:04
Antofagasta plc announced on March 27, 2013, that Minera Antucoya, owned 70% by Antofagasta and 30% by Marubeni, will resume development of its Antucoya copper project in Chile’s Antofagasta region. The decision followed completion of a full review of the project announced in December 2012, when project development was temporarily suspended. The review included renegotiation of principal construction contracts, additional detailed engineering, and an updated resource model following further drilling of the deposit.
Centaurus Secures License for Jambreiro Project
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- Created on Tuesday, 14 May 2013 15:03
Centaurus Metals, an Australian company headquartered in West Perth, Australia, secured the installation license for its Jambreiro iron ore project in Minas Gerais state, Brazil, in early April 2013, clearing the way for on-site construction to proceed. The license includes all water permits and vegetation clearing authorizations required for project development. The license allows Centaurus to operate at a production rate of 3 million mt/y of final iron ore concentrate product; however, current plans are to produce 2 million mt/y at startup.
Codelco Budgets $5B+ for 2013 Capital Investments
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- Created on Saturday, 13 April 2013 18:53
Codelco announced on March 1, that its capital expenditures during 2013 will exceed $5 billion, up from $4.168 billion in 2012. Approximately $2.29 billion of the 2013 total will go toward three major development projects: $1.155 billion for the new Ministro Hales mine, $716 million for the new mine level at El Teniente, and $417 million for the Chuquicamata underground project. These three projects are slated to make major contributions toward Codelco’s long-term goal of maintaining is position as the world’s leading copper producer.
Read more: Codelco Budgets $5B+ for 2013 Capital Investments
Vale Stops Work at Rio Colorado, Draws Fire from Argentine Government
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- Created on Saturday, 13 April 2013 18:52
Vale reported in mid-March 2013 that it had informed the government of Argentina that it was suspending implementation of its Rio Colorado potash solution mining project in Mendoza province, Argentina, because “in the current macroeconomic environment, the economics of the project are not in line with Vale’s commitment to discipline in capital allocation and value creation. In case of resuming the implementation, preference will be given to the project’s current employees.”
Read more: Vale Stops Work at Rio Colorado, Draws Fire from Argentine Government
Atacama Pacific Advancing Cerro Maricunga
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- Created on Saturday, 13 April 2013 18:49
Atacama Pacific has received a positive, NI 43-101-compliant preliminary economic assessment (PEA) for its 100%-owned Cerro Maricunga oxide gold project in Chile from NCL Ingeniería y Construcción SA, of Santiago. The PEA describes an open-pit/heap-leach project producing 2.7 million oz of gold over a 10-year mine life at estimated operating cash costs of $652/oz. Production over the first five years is projected at 298,000 oz/y.
Vista Reports Positive PEA for Guadalupe de los Reyes
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- Created on Saturday, 13 April 2013 18:47
Vista Gold has reported positive results from a preliminary economic assessment (PEA) of its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico. The PEA evaluates the potential viability of a 1,500-mt/d processing facility producing a total of 327,681 oz of gold and 4.39 million oz of silver over an 11-year mine life, including average payable production of 35,031 oz/y gold and 253,223 oz/y silver over the first five years.
Read more: Vista Reports Positive PEA for Guadalupe de los Reyes
Panterra’s Las Lagunas Continues to Improve
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- Created on Saturday, 13 April 2013 18:44
Officials at PanTerra Gold announced ongoing improvements at their Las Lagunas gold and silver project in the Dominican Republic. Management is seeing plant feed, metal grades, grinding circuit performance and flotation circuit recoveries which now are closer to meeting design targets. An Albion oxidation circuit is also expected to reach design levels with CIL recoveries expected improve.
First Majestic Starts Up at Del Toro
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- Created on Tuesday, 19 March 2013 20:11
First Majestic Silver produced the first silver at its new Del Toro silver mine in the state of Zacatecas, Mexico, in January 2013. Initial production at Del Toro is from a 1,000-mt/d flotation circuit, which is expected to achieve commercial production by April. A 1,000-mt/d cyanidation circuit is scheduled for completion by mid-year 2013.
Chesapeake Sees Major Mine Potential for Metates
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- Created on Tuesday, 19 March 2013 20:09
Chesapeake Gold Corp., a Canadian junior company headquartered in Vancouver, has reported the results of an NI 43-101-compliant prefeasibility study (PFS) of its 100%-owned Metates gold-silver project in Durango state, Mexico. The study describes a $4.36-billion, 120,000-mt/d mining project based on proven and probable mineral reserves of 18.5 million oz of gold, 526 million oz of silver, and 4.2 billion lb of zinc.
Endeavor Updates El Cubo Reserves
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- Created on Friday, 14 September 2012 00:00
Endeavour Silver reported on July 16, 2012, updated NI 43-101 reserve and resource estimates for its newly acquired El Cubo mine in the southeastern part of the Guanajuato mining district in Guanajuato state, Mexico. Endeavour acquired El Cubo from AuRico Gold in a transaction that closed July 13, 2012.
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- First Majestic Targets 2012 Start at Del Toro
- Codelco’s Chairman Steps Down Unexpectedly
