10 facts about the Brucejack gold mine as it passes midway on construction
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Construction of the Brucejack high-grade underground gold mine has passed the halfway point as it edges closer to its 2017 completion date.
The mine, located in north-western British Columbia, is in development by Pretium Resources Inc.
Here’s 10 facts about the Brucejack gold-mine:
It is 100 percent owned by Pretivm
One of the largest high grading undeveloped gold projects in the world
Construction began in September 2015 and is targeted for 2017 completion
The full mine site consists of 122,133 hectares
A feasibility study in 2014 revealed Proven and Probable mineral reserves of 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold)
Brucejack, once completed and at full commercial production, will looks to produce around 2,700 tonnes of gold per day in the underground mine
The Brucejack property lies within the Hazelton group, an Early to Mid-Jurassic volcano-sedimentary sequence of rocks formed during the formation of the Stikina island arc.
Mining at Brucejack will be long hole stoping, which uses holes drilled by a production drill to a predetermined pattern as designed by a Mining Engineer.
The gold at the mine will be liberated through grinding and gravity separation, which means no acid separation whatsoever.
Brucejack is expected to employ 900 people during construction and 500 people per year over the life of the mine for an array of technical and non-technical jobs in both surface and underground operations
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Zimbabwe targets £8.8bn mining industry by 2023
Zimbabwe’s government plans to fast-track exploration, evaluation and digitalisation of selected reserved mining areas under the Ministry of Mines and Mining Development as part of wider measures to achieve a £8.8 billion mining industry by 2023, according to a senior government minister.
Information Minister Monica Mutsvangwa said other plans include stopping the issuance of special grants in the reserved areas under the Ministry of Mines and Mining Development until the exploration and evaluation is complete and a robust value addition program for diamonds is implemented.
Mutsvangwa was speaking at a post-cabinet media briefing on December 15.
She adds that the issuance and renewal of special grants for energy should also be based on the financial and technical capacity to value add all types of coal, as well as for ideal exploration of Coal Bed Methane.
For renewal of special grants, consideration should take into account the period the Special Grant has been held as well as plans with milestones for value addition of the special grant, Mutsvangwa says. She adds that the Zimbabwean government expects gold to drive the mining sector in order to achieve the ambitious target, with the precious metal expected to contribute approximately £2.96 billion to the overall target.
Mining is one of Zimbabwe’s major contributors to its economy, alongside agriculture, which is the mainstay. The mining sector accounted for more than 60 percent of the country’s foreign currency receipts in 2019, and contributed around 16 percent to national Gross Domestic Product, the Chamber of Mines says.
The country’s mining industry is focused on a diverse range of small to medium mining operations. The most important minerals produced in Zimbabwe include gold, asbestos, chromite, coal and base metals.
Zimbabwe expects its economy to expand by 7.4 percent in 2021 from a projected contraction of 4.5 percent this year, due to the effects of drought and the COVID-19 global pandemic.
When presenting the 2021 National Budget in November this year, Finance and Economic Development Minister, Professor Mthuli Ncube, said that the mining sector is projected to rebound by 11 percent next year after surviving a COVID-19 induced shock that saw the sector contract by 4.7 percent in 2020. In September, mining bans in national parks were introduced, according to news agencies.
He added that the National Budget would allocate £1 billion towards the operations of the ministry for planning, promotion and exploration, data capturing, and automation, among other key mining processes.
Other factors necessary for the achievement of the £8.8 billion target include a stable macroeconomic environment, policy consistency, and availability of long-term capital to fund mining projects along the entire mineral value chain, the minister said.
Stopping "illicit financial flows" from gold smuggling is another key issue to address, according to media reports.