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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

Leoni opens new wiring systems plant in Jining, China - 0 views

  • Group-wide and including the joint venture plants, Leoni now has 11 facilities in China with a total of about 6,000 employees. In terms of consolidated sales, which in the current financial year will amount to about 350 million euros, China meanwhile represents the third largest market after Germany and France. The Company has been operating for 18 years with its own facilities in China. To be able to satisfy the heavy demand from the automotive industry for cable harnesses and wiring systems, and especially to be able to supply for new vehicle models, Leoni is also setting up new production lines and expanding existing plants in other regions. The Wiring Systems Division alone currently has 12 capital investment projects, involving for instance plans for two new facilities in Egypt as well as one each in the Ukraine and Russia. Furthermore, there will be additional production halls in Brazil, Mexico, Morocco, Tunisia and Serbia among other places. After the expansion is completed, the Wiring Systems Division’s network will comprise more than 30 production facilities with a total of more than 550,000 square metres of factory floor space.
Jon Barnes

Two new scrap recycling/dismantling projects in China - 0 views

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    In late-May, two further large metal recycling projects have been announced in China as the country seeks to satisfy its burgeoning need for scrap metal given its shortfall in mineral resources. The Wuzhou Resource Recycling project has been approved to be constructed in Cangwu county in Guangxi province. The total investment in the project is 15bn Yuan. The construction is planned to cover an area of 667 hectares, divided into three stages, and will eventually create 40,000 new jobs. Separately, the Zhonghong recycling industrial park in Shenyang, Liaoning province has been completed and is to open in early June. The industrial park covers an area of 3 square kilometres and has cost 5bn Yuan to develop. It will create 10,000 employment opportunities and has dismantling capacity of 1 million metric tonnes per year.
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    China to boost scrap recovery for smelters and fabricators
Panos Kotseras

China - Unwrought copper and copper semis imports down by 20.9% m-o-m in January - 0 views

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    According to data released by the General Administration of Customs, Chinese imports of unwrought copper and copper semi-finished products declined by 20.9% m-o-m to 292,096 tonnes in January. It was reported that traders turned to material in bonded warehouses to satisfy local demand. The figure was far lower than earlier expectations and reversed December's rise, which amounted to 27% m-o-m.
Colin Bennett

LS Cable & System develops Korea's first electric vehicle cord set for household use - 0 views

  • The cord set satisfies all International Electric Commission specifications and requirements, so LS Cable & System has now climbed to an advantageous position for entry into the global market, which is currently dominated by Voltec of the U.S. and Toyota of Japan.
ruchikajain915

Agri Commodity or NCDEX Market Trends for Today 13-October | TheEQUICOM - 0 views

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    Most Accurate Agri Commodity trends for Today CASTOR SEED (20 NOV.) TREND: CONSOLIDATE RES1: 4710 RES2: 4610 SUPP1: 4410 SUPP2: 4310 STRATEGY: BUY
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