CMS is working with Resource Monitor Melbourne Australia to offer reporting of the World’s top 100 Global Mining Projects.
Below is an overview of several recent reports from the service:
MADAGASCAR – Australian company, Base Resources, is undertaking a feasibility study of a US$440-million mineral-sands development in the southwest of the country.
Mining exports are growing in Madagascar. The two major operating mines there are Ambatovy (nickel) and a Rio Tinto mineral-sands mine. The country has promising resources of nickel, graphite and mineral sands. Several graphite projects are on-the-drawing-board.
OMAN – Located near the entrance to the Persian Gulf, Oman was exporting copper to Mesopotamia more than four thousand years ago. Today, the government encourages mining.
A multi-national team is behind the development of Al Hadeetha, a copper-gold development.
The proponent is a joint venture between companies from Australia and Oman; an engineering, procurement and construction management (EPCM) contract has been awarded to a Canadian company; and engineering is in the hands of an Indian company. Construction is expected to commence by early 2020.
INDIA – The government-controlled company, Hindustan Copper, is undertaking a major expansion of copper mining, which accounts for less than 10% of the country’s domestic needs. Construction is underway at the company’s site in Madhya Pradesh state; construction is yet to commence at its sites in Jharkhand and Rajasthan states.
Even with the expansion, imports of copper metal and concentrates will continue to dominate the market in India.
INDONESIA – Batu Hijau is a copper-gold mine operated by the Indonesian mining company, PT Amman Mineral Nusa Tenggara (PT Amman). It is located on Sumbawa Island, in the island region that also includes Bali and Lombok. In 2016, PT Amman acquired the stakes in the mine held by Newmont Mining of the United States and Sumitomo of Japan.
The company is at an early stage of considering the development of the large Elang deposit on Sumbawa Island and the addition of a smelter to the processing circuit at Batu Hijau.
ARGENTINA – Chile and Argentina are the world’s major producers of lithium extracted from salt lakes, in the “lithium triangle” in the north of both countries. Lithium operations there are typically at an altitude of 3,500-4,000 metres.
Canadian company, Advantage Lithium, is undertaking a feasibility study of the Cauchari project in this area, with the assistance of engineering consultant, GHD (operating out of Chile). Construction at the US$400-million project is planned to commence by early 2020.
MEXICO – Fresnillo in Mexico is the largest silver mine in the world, in operation since the 1550s. Only a few kilometres away, the proponent (Fresnillo plc) is planning a US$300 underground silver-gold mine, Juanicipio.
Juanicipio will have two access declines and a decline for conveying ore to the surface. Annual production will be 10 million ounces of silver and 30,000 ounces of gold. Subject to a final investment decision, construction is expected to commence by late 2019, with first production in 2021.
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