Alamos Sees Potential in Turkey
Alamos Gold has reported positive results from feasibility studies of its Kirazli and Aği Daği gold projects and from a preliminary economic assessment (PEA) of its Çamyurt gold project, all located in Çanakkale province in northwest Turkey. The Kirazli and Aği Daği projects are separated by a distance of about 25 km and will be developed sequentially as stand-alone projects, with Kirazli to be developed first. The Çamyurt project is located approximately 4 km from Aği Daği, and its ore will be processed at the Aği Daği processing facilities after the Aği Daği deposits have been mined out.
Kumtor Receives Permit to Raise Tailings Dam
Centerra Gold reported that the Kumtor operation, located in the Kyrgyz Republic, has received the necessary permits from the state authorities to raise the tailings dam to the 3,674-meter (m) elevation. The construction permits enable the mine to commence the 3-year construction program to provide adequate tailings storage capacity for Kumtor’s mill tailings deposition from 2021 through the end of 2024. The tailings dam construction in 2017 is the first such construction required to contain the additional 3.6 million oz of gold reserves that resulted from the KS-13 pit expansion.
Indian Iron Ore Production to Hit 5-year High
India’s iron ore production is expected hit a five-year high at 180 million mt by the close of the current fiscal year (March 31), riding on gains in international prices, a favorable legislative environment and more mines coming back into production. In FY 2010-2011 India produced 207 million mt.