Elemental Gold's Mine Expansion Plan
Elemental Gold propose to expand the capacity of its Vlaldivar Copper mine.
- (1888PressRelease) March 19, 2012 - Elemental Gold a precious metal exploration company based in Santiago, Chile is pleased to announce that Chilean environmental authorities have approved Elemental Gold $23m proposal to expand the production capacity of its Vlaldivar copper mine in the northern Antofagasta region.
Elemental Gold environmental impact study has been approved, which now paves the way to increase extraction by 20% to 260,000t per day compared to the earlier 220,000t a day at the copper mine, according to Reuters.
Elemental Gold said the investment will be focused on revamping processing lines and increasing the logistics units. The mine on average produces 125,000t of copper per annum, with a major portion being produced in the form of cathodes.
Elemental Gold is also in the process of developing its Pascua-Lama gold-silver mine on the Argentina-Chile border.
About Elemental Gold: http://www.elementalgold.com/index.html
Elemental Gold is a precious metal exploration company which is focused upon enhancing shareholder value and maintaining strong partnerships with stakeholders to discover and produce gold and platinum group metals in an ethical and responsible way.
Elemental Gold's management team is highly experienced, which provides an operational advantage over other precious metal exploration companies. We combine this experience with a passion for developing, understanding and leveraging upon new technologies and techniques, which increase our production and reduce costs throughout our operations.
Elemental Gold's mission is to discover, exploit and replace precious metal resources which provide high levels of returns for our shareholders. Elemental Gold is continually seeking to pursue opportunities for development whilst exploiting the full value of Elemental Gold's existing resources. Our aim is to repeatedly build a solid balance sheet and generate high levels of income at high margins.
Elemental Gold combines our shareholder driven approach with a strong commitment to delivering education, healthcare, social and economic advancement within the communities where we work, with a focus on protecting the environment through a socially responsible approach to mineral exploration. We understand the impact of our work can be immensely positive for the communities and the environment where we work, as well as for our shareholders.
Elemental Gold has the capacity for substantial growth through the extension of our current reserves and we enjoy an established history of exploration and discovery. From our current solid base, we aim to develop, expand and extend our activities to increase reserves of precious metals, thereby increasing our revenues, income and returns for shareholders.
http://www.elementalgold.com/index.html
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