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Teck advances QB2 copper project in Chile
If all goes according to plan in northern Chile, Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) and its partners Sumitomo Metal Mining and Sumitomo will start commissioning and ramping up their Quebrada Blanca 2 (QB2) copper project in the fourth quarter of 2021, with full…
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COPPER: Oyu Tolgoi underground costs jump 35%, says Rio Tinto
MONGOLIA – Big mining projects come with big price tags, and the Oyu Tolgoi copper-gold mine in the South Gobi area is no exception. The operator and 50% owner Rio Tinto says the cost to complete the underground portion of…
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GOLD: Anaconda ponders expansion of Pine Cove mine
NEWFOUNDLAND – Toronto-based Anaconda Mining is considering the idea of expanding the pit at the Pine Cove gold mine, part of its Point Rousse project near Baie Verte. Expansion at this mine would delay development of the Argyle gold deposit…
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GOLD: Pretium says Brucejack ramp-up on schedule to reach 3,800 t/d
BRITISH COLUMBIA – Pretium Resources says the ramp-up to 3,800 t/d at its Brucejack gold mine about 60 km north of Stewart is on schedule. Underground development is nearing the targeted rate of 1,000 metres per month, and it will…
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IRON ORE: Champion Iron unearths 33.4% IRR for Bloom Lake expansion
QUEBEC – Montreal’s Champion Iron must like the feasibility study done for the phase two expansion of its Bloom Lake iron mine 400 km north of Sept-Iles, near the town of Fermont. The after tax internal rate of return is…
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GOLD: Barrick mulls $1B expansion at Pueblo Viejo
DOMINICAN REPUBLIC – Toronto’s Barrick Gold has given itself until 2020 to complete a feasibility study on increasing the output of the Pueblo Viejo gold mine by 50%. The study will address the expansion of the processing plant and tailings…
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GOLD: Permit received for Alamos’ expansion of Island Gold mine
ONTARIO – Toronto-based Alamos Gold has received the amended permit for expansion of the Island Gold mine to 1,200 t/d from the provincial Ministry of the Environment, Conservation and Parks. The mine is located about 83 km northeast of Wawa.…
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GOLD: Bonterra to triple capacity of Urban-Barry mill
QUEBEC – Bonterra Resources of Val d’Or, Que., is nearing the completion of the environmental impact assessment for increasing the throughput of its Urban-Barry mill located near Val d’Or. Capacity will be tripled to 2,400 t/d from 800 t/d. The…
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CRUSHER: Metso to deliver comminution and material handling equipment for Codelco El Teniente expansion
CHILE – Metso has been awarded with an order to supply crushing and material handling equipment for the first stage of Codelco‘s El Teniente copper mine expansion project located in Cachapoal province. The order was booked in Metso’s first-quarter 2019…
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GOLD: McEwen ponders sale of Mexican assets
TORONTO – McEwen Mining reported its first quarter results on April 9, along with the news that it is considering the sale of its Mexican assets. The net proceeds would be used to advance other development projects and retire a…
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COPPER: Teck, Sumitomo close Quebrada Blanca transaction
CHILE – Vancouver’s Teck Resources and Japanese partner Sumitomo Metal Mining and Sumitomo Corp. have closed their US$1.2-billion transaction giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project. The Quebrada Blanca property is 240 km southeast of…
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IRON ORE: Baffinland holds second community workshop for Mary River expansion
QUEBEC – Oakville, Ont.-based Baffinland Iron Mines held what it calls a “risk assessment workshop” for stakeholders who want to know more about the expansion of its Mary river direct shipping iron ore project near Pond Inlet on Baffin Island.…
