CNMC’s Carbon-in-Leach Plant Starts Trial Operation
CNMC Goldmine Holdings Ltd. confirmed that its newly constructed carbon-in-leach (CIL) plant is in the process of conducting trial operation, marking a major milestone in its efforts to ramp up gold output after poor ore grades dented the company’s gold production for the last year.
The CIL facility, which kick-started initial trial production on November 6, will enable CNMC to extract and process at least 500 metric tons per day (mt/d) of higher-grade ore at its flagship Sokor gold field in Kelantan. Construction of the plant began in May and was completed within the budget of RM25 million ($3.8 million).
Rio Tinto, Sinosteel Extend Channar JV
Rio Tinto and China’s Sinosteel Corp. have agreed to extend their historic Channar Mining joint venture. This third extension of the joint venture, confirmed in Beijing by Rio Tinto Chief Executive J-S Jacques and Sinosteel Chairman Xu Siwei, will see an additional 10 million metric tons (mt) of iron ore delivered into the joint venture from Western Australia.
Iran Seeks Mining Investment
In the past two months, Iran has had agreements with South Korea, Austria and Denmark, and is on the way to signing similar accords with other countries, according to the Financial Tribune. The country is seeking $50 billion in investment for its mining industries up to 2022 and has signed agreements with several European and Asian banks in the past few months.