The gold miner logged a net loss of $68 million or $0.29 per share in Q4 2012, compared to net earnings of $79.4 million or $0.34 per common share for the same period in 2011.
CEEC’s Board of Directors welcomed two new members in late 2012. Joe Pease, Chief Executive of Xstrata Technology Ltd and Michael Battersby, Managing Director, Maelgwyn Mineral Services bring their global commercial experience and insight to the CEEC Board.
The mill is a conventional SAG (semi-autogenous grinding) mill in all ways apart from its drive assembly and, it is centre-driven at the discharge end using a Hagglünds hydraulic motor and powerpack.