I was kind of concerned reading that last post, but this article is from the Sun Star, Davao on August 20, 2009. They know exactly what they need to bring T'boli into production!! Brett ISN'T Rennie.
Still around,
Hal
KORONADAL CITY -- Canadian miner Cadan Resources Corp. has purchased imported equipment in preparation for the production phase of its gold and silver project in T'boli, South Cotabato, a mining executive confirmed on Wednesday.
Edgar D. Martinez, president of Tribal Mining Corp., said Cadan targets to start commercial production not later this year.
Tribal Mining, the local affiliate of Cadan, was granted a Mineral Production Sharing Agreement covering 85 hectares. It was approved in 1997 and has a lifetime of 25 years.
"We're working on the ECC (environmental compliance certificate) and completing the mining feasibility study. We already purchased (necessary) equipment because we're gearing to the production stage," he said.
Martinez said they have earlier submitted a partial mining feasibility study to the Mines and Geosciences Bureau (MGB).
He noted that Cadan is keen in bringing to production stage the T'boli gold-silver project since the firm considers it one of its biggest endeavors in the country.
Constancio A. Paye, Jr., MGB regional director, said the firm will only be allowed to go into production upon the approval of the requirements.
"The company is still in the exploration stage. They need to present their ECC and the mining feasibility study before they can proceed with the production phase," Paye said in a separate interview.
The mining feasibility study shall be approved by us, he said. The ECC is issued by the Environmental Management Bureau, another attached agency under the Department of Environment and Natural Resources.
Brett Taylor, Cadan president and chief executive officer, said in a statement released Tuesday the company has purchased new jaw and cone crushers, ballmill, gravity circuit, spares and ancillary equipment for the first phase test production, which is between 50 and 150 tons per day (tpd), at its T'Boli gold-silver mine.
The T'boli project has deposits of 2.4 million tons, containing 420,000 ounces of gold and 1.6 million ounces of silver. Excavation of deposits will employ underground or tunneling method.
Taylor said the equipment were bought from Zhengzhou Zhongding Heavy Duty Machine Manufacturing Co Ltd based in Zhengzhou, China.
"The combined equipment as recommended by metallurgical consultants will achieve a fine grind and optimum recovery of gold and silver," he said.
The jaw crusher is rated up to 22 tons per hour (tph), cone crusher to 23 tph and the ball mill is rated up to 8.2 tph sufficient for first phase production range between 50 and 150 tpd.
Further design changes may increase capacity to 200tpd, Cadan said.
Based on current development costs, the company estimates a production cost range between US$250-350 per ounce of gold.
