A previous report inferred the mineral resource estimate of the Ontario-based project to be 32,169,000 tonnes at a grade of 1.14 g Au/t, and 1.18 million ounces of contained gold.
While miners still struggle to find staff and gain access to infrastructure, the number one worry keeping up miners is seeing their project or mine nationalized, according to an Ernst & Young study.
Despite concerns that China may be slowing—or worse—aluminum giant Alcoa still sees robust demand in China for its products and pegs growth at 11% this year.
In a move to produce an extra 4.6 million tonnes per year, Xstrata Zinc announced plans to extend the life of its zinc mine another 100 meters below surface level.
Ontario-based MFS Systems (2007) Inc. said its cooling equipment could help large companies such as Chile’s copper producer Codelco and molybdenum processor Molymet increase their profits while maintaining high environmental standards.