At the same time a few opencuts
and at least two more shafts existed as well, and one of the shafts, the Valencia, penetrated a large outcropping ore mass to a depth of about 7 meters.
Coal Industry Total Assets and Currency Fund, 2003-2008
was cleared of debris and untouched in-place vein material was exposed.
Mr Bowen commented that: "The focus is on profit, not revenue, and targets a reduction in Macmahon's exposure to opencut
mining which has insufficient returns and high capital expenditure requirements.
A scoping study carried out by Geo-Eng International has indicated that a 9 Mt/y opencut
mine at Phulbari would be economically viable.
During the seven years that the Kintore Opencut
was worked, the list of species from Australia's famous Broken Hill deposit and the knowledge of the Broken Hill orebody were greatly expanded.
Mapping is concentrating northeast of the existing opencut
on geophysical anomalies identified by Kennecott's 1995-1996 field program.
Burton has about 12 years of opencut
reserves but mine life could be doubled if the underground resource were to be developed (MM, December 1998, pp.
Western Mining Corporation (WMC) commenced a small opencut
on the deposit in 1990.
ore reserve statement provides for significant additional production from Molyhil, while the process improvements demonstrate that production costs will be very low, particularly in the initial couple of years.
Fimiston reports: "The inferred opencut
resources in this province are in the billions of tonnes of vanadium ore.
5] reflects the delineation of a very large, low-grade, low strip ratio deposit (Central Lode) to the south of the existing South Cornwall opencut
operations (160 Mt at 214 g/t [Ta.