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 which occured in December 2009 and killed some 850 fish.
Dundee Precious Metals 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
says:[...] posted here: Cyanide headaches for Newmont and Dundee Precious Metals Share and [...]
December 13th, 2010 at 6:16 am
Mining Journal notes that Dundee Precious Metals Inc, with subsidiary Chelopech Mining EAD, has secured long-term loan agreements worth US$66.75 million with the European Bank for Reconstruction and Development (EBRD) and Unicredit Bulbank (UCB)