Posts Tagged ‘open pit’

BHP Billiton has approved USD 1.2 billion in pre-commitment capital for the first phase of the Olympic Dam Project to develop an open pit mine in South Australia. The funding will facilitate the procurement of long lead items such as trucks and... Full story

TORONTO, ONTARIO--(Marketwire - Sept. Full story

Silver Lake Resources ( ASX: SLR ) is set to commence gold production at the Wombola Dam open pit in September 2011, which forms part of the company's larger Mount Monger Operations. Full story

Calibre Mining Corp. (CVE:CXB) announces results from the Santa Rita open pit copper-gold mine. Full story

Mexican miner Penoles said that it hedged the bulk of the gold production it will receive from the Noche Buena mine, part-owned by its giant precious metals mining subsidiary Fresnillo. Noche Buena is an open pit gold mine in the northern Mexican state Full story

Aurizon Mines of Vancouver reports that mineral reserves have increased 44% at the end of 2010 compared to a year earlier. Contained gold  in reserves is now estimated to be 1.46 million oz, up from 1.01 million oz at the end of 2009. Full story

In last week’s news service article about Asia Now’s Beiya North Gold Project it was incorrectly stated that the company had increased annual production at the open pit Beiya Gold Mine to 200,000 ounces. The operating Beiya mine is adjacent to Asia Full story

Centerra Gold Inc.’s reserve update is getting a positive response as the stock moved up more than 7% in Toronto trading at midday. The miner’s total proven and probable gold reserves climbed 843,000 ounces to 8.2 million after 2010 production is taken into account. At Centerra’s  Kumtor mine in the Kyrgyz Republic, reserves are up from to 6.3 million ounces from 5.5 million. Full story

Bloomberg reported that Freeport-McMoRan Copper & Gold Inc the world largest publicly traded copper producer reduced its 2011 copper and gold sales forecasts because of lower projected output from its open-pit Grasberg mine in Indonesia. The Phoenix Full story

ELKO - The U.S. Bureau of Land Management today approved Newmont Mining Corp.'s Emigrant Project roughly 10 miles south of Carlin that Newmont plans as an open pit gold mine. "We are pleased with the record of decision for the Emigrant Project located in Full story