Datacloud, Trevali partner to boost orebody evaluation efficiency

The incident adds to the firm's mounting challenges, including swinging to a loss, growing debt, unplanned equipment outages and Moody’s Investors Service recent cut of the company's credit rating.

The Vancouver-based miner aims to produce 280,000 to 300,000 tonnes of the red metal a year, but commercial levels won't be reached until state power utility Zesco finish connecting the mine to the power grid.

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

The verdict, however, doesn't allow the company to resume operations at its gold-copper Skouries mine.

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Canadian junior and mid-tier mining companies also raised 62% more capital in the second quarter than in 2014.

More demonstrations are expected Monday, as mine workers rally near the Canadian company's mines.

The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.

Beginning this fall, the company will start digging the first in a series of pits, each the size of a football stadium, in Utah, about 265km (165 miles) from Salt Lake City.