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EMED Mining says Rio Tinto mine in Spain moves towards copper production restart | Mini... - 0 views

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    LONDON (Thomson Financial) - EMED Mining (News) Public Ltd., a European-based minerals exploration and development company, said Spain's largest mine, the Rio Tinto (News) (News/Aktienkurs) Mine, is advancing towards copper production restart. The AIM-listed company said in its mining quarterly report, for the three months to June that recruitment of a large workforce and mobilisation of a mining contractor is expected to proceed in the first half of 2009 and production six months later.
Colin Bennett

Xstrata Copper Announces C$121 Million Investment to Extend Kidd Mine - 0 views

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    Already the world's deepest copper and zinc mine, the latest project will extend the mining zone at Mine D from 9,100 feet to 9,500 feet, improving the production profile from the mine through the addition of 3.4 million tonnes of ore to the mining plan and extending the mine life by one year to 2017.
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Ridgeway Gold and Copper Mine Cadia Valley, New South Wales Mining Technology - 0 views

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    The Ridgeway underground mine cave is located in the mineral-rich Cadia Valley province in central New South Wales. A gold and copper mine, it is 100% owned by Australia's Newcrest Mining, and is one of three operations owned by the company in the province. The others are Cadia East and Cadia Hill, the largest of the three. "The Ridgeway underground mine cave is located in the mineral-rich Cadia Valley province."Ridgeway is in the process of transitioning from the sub-level cave to a block cave beneath the existing mine. In 2007 the Newcrest board approved development of the Ridgeway Deeps block cave. It will be the first natural caving operation to be developed by Newcrest and will be the deepest block cave in Australia. The company says it is spending A$525m to develop it. The mineral resource at Ridgeway Deeps was re-estimated following a geological reinterpretation which yielded an increased resource of 20 million tons containing 0.5 million ounces of gold, and 0.05 million tons of copper. GEOLOGY AND RESERVES
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Yukon`s Carmacks copper project gets YESAB approval - 0 views

  • The Yukon Environmental and Socio-Economic Assessment Board (YESAB) has recommended that the controversial Carmacks copper mine project can go ahead, providing that the Western Copper Corporation (TSX: WRN) complies with 148 conditions to mitigate potential adverse impacts. The tiny community of Carmacks with a year-round population of 500 is still considered an important service center for mining and for transportation, a century after it was a popular rest stop for the Yukon gold rush. However, members of the Little Salmon Carmacks First Nation want Western Copper to negotiate a better environmental engineering solution as part of an Impacts Benefits Agreement with the community. Located 38km northwest of the Village of Carmacks and 192 km north of Whitehorse in the Yukon Territory, the Carmacks copper project is planned to be an open-pit operation that will yield about 14,000 tonnes of copper cathode annually. Western Copper has targeted production to begin during the fourth quarter of 2010.
  • "The Executive Committee recommends...the Project be allowed to proceed without a review, subject to specified terms and conditions, since it has determined that the Project will have significant adverse environmental and socio-economic effects in the Yukon that can be mitigated by those terms and conditions." Basically, the board reported that if the operators spend enough money and devote sufficient time environmental risks can be addressed.
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    The Yukon Environmental and Socio-Economic Assessment Board (YESAB) has recommended that the controversial Carmacks copper mine project can go ahead, providing that the Western Copper Corporation (TSX: WRN) complies with 148 conditions to mitigate potential adverse impacts. The tiny community of Carmacks with a year-round population of 500 is still considered an important service center for mining and for transportation, a century after it was a popular rest stop for the Yukon gold rush. However, members of the Little Salmon Carmacks First Nation want Western Copper to negotiate a better environmental engineering solution as part of an Impacts Benefits Agreement with the community. Located 38km northwest of the Village of Carmacks and 192 km north of Whitehorse in the Yukon Territory, the Carmacks copper project is planned to be an open-pit operation that will yield about 14,000 tonnes of copper cathode annually. Western Copper has targeted production to begin during the fourth quarter of 2010. Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs. Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs. The YESAB Executive Committee said it was satisfied that: Western Copper adequately consulted with the First Nations in whose territory, and the residents of any community in which the project will be located or might have significant or socio-economic effects; The project proponent provided sufficient information in the project proposal to allow for the assessment of potentially significant effects; Significant adverse environmental or socio-economic project and cumulative effects identified within the scope of the scre
Colin Bennett

Nippon Mining to test copper recovery tech in Australia › Japan Today: Japan ... - 0 views

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    TOKYO - Nippon Mining & Metals Cob said it has developed a new technology that enables efficient recovery of copper and gold from low-grade copper concentrates. Nippon Mining will invest some 2.8 billion yen to build a pilot plant in Australia, in cooperation with major local mine operator Newcrest Mining Ltd.
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Armed Group Attacks Xstrata's Tampakan Copper Mine-China Mining - 0 views

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    Suspected Communist rebels attacked Xstrata Plc's $3 billion Tampakan mine in the Philippines, which may be Southeast Asia's largest untapped copper deposit, according to the military and project partner Indophil Resources NL. The group burned a drill rig and police are investigating, the Melbourne-based company said today in a statement to the Australian stock exchange. No one was injured in the assault, which took place around midnight on July 20, according to the statement, which did not identify the attackers. The rebels, probably from the New People's Army, ``tried to extort money from the owners of the mine, but they declined to pay the so-called revolutionary tax,'' Armand Rico, a military spokesman, said today by phone from Davao City. Insurgent attacks may undermine the Philippines' drive to develop the nation's mining industry to exploit gold, copper and nickel. Indophil, which also reported an attack on Jan. 1, is the subject of takeover bids from Xstrata Plc, which owns 62.5 percent of the mine, and a rival management group.
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Copper Mountain to revive British Columbia mine - 0 views

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    TORONTO, July 28 (Reuters) - Copper Mountain Mining Corp (CUM.V: Quote, Profile, Research, Stock Buzz) plans to spend C$402 million ($394 million) to revive a copper mine in British Columbia that it expects will produce nearly 100 million pounds of the metal per year, the company said on Monday. The company said production at its Copper Mountain open pit mine should begin at the end of 2010 with a 35,000 tonne-per-day mill. The project would have an an initial mine life of 15 years, according to a feasibility study. The news drove the junior miner's shares up by nearly 6 percent. The construction decision has not formally been approved by the company's board of directors, but the company has already ordered equipment, said Don Graham, director of Copper Mountain's investor relations.
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China's largest copper deposit to start production in September - 0 views

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    China's largest copper deposit Yulong copper mine in the Tibet Autonomous Region is to start copper cathode production end-September with its output expected to reach 1,800-2,000 mt in 2008, the official Xinhua news agency reported on Friday. The first phase of the Yulong project is expected to be fully completed in 2010, which will reach a copper cathode output capacity of 30,000 mt/year. The mine in the long run aims to reach a copper output of 100,000 mt/year. Preliminary copper reserves estimated at Yulong copper mine is at above 6.5 million mt and its copper reserves in the long run could reach 10 million mt in the long run. The mine is the country's largest resources deposit and the second largest in Asia, the report said.
Colin Bennett

Open-pit mining more economical than underground mines - 0 views

  • Open-pit mining – as used at Kennecott Utah Copper's Bingham Canyon mine – is more economical than underground mining, as well as lower risk, a Rio Tinto executive told the Copper College meeting in Tucson, Arizona, USA.
Colin Bennett

When it comes to conflict mining regulation, should one size fit all? - 2 views

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    "Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways. With the global economy as interconnected as ever, it's important to note that many of the products and technologies we use in our daily lives begin at the same source: mines. With leading companies across industries such as electronics, retail and jewelry, auto manufacturing, lighting aerospace, construction, and other industries relying on these commonly used 3TG metals - tin, tungsten, tantalum and gold - implementing effective regulation is essential in order to further advance support to eliminate or reduce human rights violation."
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Mongolian Resources At Risk From New Laws - 0 views

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    Mongolia's political parties are locked in post-election squabbling, but once the dust settles a new government could finally pass deals to tap the coal, copper and uranium that sit beneath its vast deserts and grasslands. But analysts say the deal that goes ahead would be less than ideal for either Mongolia or foreign investors, with the country better served by taxing its mineral wealth, rather than seeking direct government ownership in massive mines. The current law gives the state either a 34% stake or a controlling 51 percent stake in mining projects. An investment agreement with Ivanhoe Mines and Rio Tinto for the Oyu Tolgoi project, still under negotiation, would be the first such deal.
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Russian Tycoons Agree on Sale of Arctic Mining Stake - 0 views

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    MOSCOW - In what would be one of the biggest mining deals in Russia this year, the metals tycoon Mikhail D. Prokhorov announced on Tuesday that he would sell 16.6 percent of the Arctic mining giant Norilsk Nickel to his former business partner, Vladimir O. Potanin. The two tycoons agreed last year to divide their holdings in Norilsk, a Russian factory founded by Stalin, whose value soared along with high commodity prices. Norilsk is the world's largest producer of nickel, a key alloy in stainless steel. Under the terms, as laid out in a statement from Mr. Prokhorov's investment company, Onexim, Mr. Potanin agreed to pay $10 billion for the 16.6 percent, in $6.5 billion cash and 35.2 percent of the shares in another mining company, Polyus Gold. The deal valued Norilsk Nickel at $315 a share, well above Monday's closing price of $216, and despite a recent drop in nickel prices, concerns of an economic slowdown and diminished demand for stainless steel.
Colin Bennett

EPA releases proposal to protect Bristol Bay, Alaska fisheries from potential impacts p... - 0 views

  • The U.S. Environmental Protection Agency Region 10 is issuing a proposal to protect one of the world’s most valuable salmon fisheries, in Bristol Bay, Alaska, from the risks posed by large-scale mining at the Pebble deposit. Science has shown that development of this mine, which is backed by Northern Dynasty Minerals and the Pebble Limited Partnership, would be one of the largest open pit copper mines in the world and would threaten one of the world’s most productive salmon fisheries. EPA Region 10 is seeking public comments on the proposal.
Colin Bennett

Xstrata Copper commences underground ore production at Ernest Henry Mining - 0 views

  • Initial underground mine production has successfully commenced at Xstrata Copper’s Ernest Henry Mining operation in north-west Queensland, marking the site’s transition from open pit mining, which is now complete, to underground mining and magnetite processing.  This is a major milestone in the progression of Xstrata Copper’s AUD589 million project to extend its Ernest Henry operations to at least 2024.
Colin Bennett

Indonesia's ore export ban - the effects and implications - 0 views

  • An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia.
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    "An eleventh-hour adjustment for copper will allow miners such as Freeport McMoRan Copper & Gold and Newmont Mining to continue shipments. The regulation will allow exports of copper concentrate above or equal to 15% metal content. About 66 companies that have plans to process domestically will be allowed to export as well, Jero Wacik, energy and mines minister, told local reporters in Indonesia. "
Colin Bennett

INFOGRAPHIC: Is deep sea mining worth the risk? - 0 views

  • The team at 911 Metallurgist takes a look at mining the ocean floor in their newest infographic
Colin Bennett

Xstrata First-Half Copper, Nickel Output Falls - News - CNBC.com - 0 views

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    LONDON, July 30 (Reuters) - Mining group Xstrata posted a 1.1 percent fall in first-half mined copper output and a 6.1 percent fall in mined nickel production on Wednesday.
Colin Bennett

Chile Cochilco Upgrades '08 Average Copper Price Outlook To 3.70/Lb - 0 views

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    The estimated 2008 production is still 0.6% higher from what Chile produced last year and the slight increase is due to Codelco's Gabriela Mistral mine coming on line, the ramp up to capacity at BHP Billiton Ltd.'s (BHP) Spence mine and increased output at Xstrata plc's (XTA.LN) and Anglo American plc's (AAUK) Collahuasi mine, the official said.
Colin Bennett

Mitsubishi Materials Corp. plans to invest in a copper mine in British Columbia - 0 views

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    Mitsubishi Materials Corp. plans to invest in a copper mine in British Columbia by acquiring a 25% stake in Similco Mines Ltd, which owns rights to the mine. Production at the mine is planned to resume in 2011 after a break in operations since 1996, a result of the low copper prices prevailing at that time. With a view to redeveloping the mine, the overall investment is expected to reach Y30 billion. The annual capacity of the mine is estimated at about 150,000 tonnes and Mitsubishi Materials will have the right to the entire output. The investment project is based on the expected long-term demand growth in China and India.
Steven O'Sullivan

Zambia's Mopani to keep copper mine open - 0 views

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    Zambia's Mopani Copper Mines, majority owned by Swiss commodities trader Glencore International AG, has reversed a decision to halt operations due to a cost savings plan and higher copper prices.
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