Cyanide headaches for Newmont and Dundee Precious Metals
This was a bad week for cyanide-related news for Newmont and Dundee Precious Metals. Newmont’s gold mining operation in Ghana was fined $4.9 million for a cyanide-solution overflow which occured in December 2009 and killed some 850 fish.
Dundee Precious Metals abandoned its five-year struggle to introduce a cyanide-based extraction process to its operation in Bulgaria. The latest set-back came in November 2009 when a Bulgarian court revoked 2008 environmental impact assessment resolution giving DPM an OK to its gold and copper mine in Chelopech
Not sure if a gold price of about $1090 an ounce is much of a constellation to these companies.
This entry was posted on Wednesday, January 27th, 2010 at 6:32 pm and is filed under Mining. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
January 28th, 2010 at 8:06 am
Cyanide headaches for Newmont and Dundee Precious Metals | ghana News Station says:[...] posted here: Cyanide headaches for Newmont and Dundee Precious Metals Share and [...]