Cerro Rico, Potosi - I think Development of San Bartolome -
is an very interresting project a deal between -
Coeur d' Alene Mines Corporation -
(NYSE:CDE / TSX:CDM) - is one of the world's -
leading primary silver producers and -
the goverment of Bolivia -
also should give more confidence -
to an invest in Bolivia -
San Bartolome - construction progress photos -
San Bartolome - Leading Coeur's Next Generation in Silver
Leading Coeur's new growth in silver is San Bartolome,
the largest new primary silver mine to be built
in the Americas in decades.
With construction underway, this major Bolivian silver mine
is scheduled for annualized production of more
than 8 million ounces of silver.
Construction of the open pit milling operation and processing
facility is expected to cost approximately $174 million.
The new facility could be completed near the end of 2007,
with commercial production beginning in January 2008.
Cash operating costs are anticipated at $4.00 per ounce in
the initial years, which at recent market prices
would generate significant cash flow for the Company.
Total proven and probable reserves of more that 150 million
ounces of silver are contained in surface gravel deposits,
or pallacos, which lend themselves to simple,
low-tech surface-mining techniques.
Of the several pallaco deposits which are controlled by
Coeur and surround Cerro Rico mountain,
three are of primary importance and are known
as Huacajchi, Diablo (consisting of Diablo Norte,
and Diablo Este) and Santa Rita.
The facilities will be located near established
industrial infrastructure in the historically
of Cerro Rico silver-rich area of Potosí, Bolivia,
where more than two billion ounces of silver have -
been mined.
The building of the new mine is expected to generate
as many as 1,000 local jobs during construction, and approximately 200 full-time jobs during operations.
The project will also establish a foundation,
called Fundespo, to assist in the development
of new local industries, such as silversmithing -
and tourism -
Franklin Mining Inc. - FMNJ RECENT NEWS:
Pulacayo Processing Plant to Be Constructed by Miramonte Mining, AG -
marketwire.com
Franklin Mining, Inc. Announces Frankfurt Stock Exchange Listing -
marketwire.com
Franklin Mining Schedules Financial Meetings and Work-Site -
Inspections for August 2007 -
new.marketwire.com
Franklin Applies to Be Listed on Frankfurt Stock Exchange -
new.marketwire.com
Franklin and Miramonte Mining in Discussions for Pulacayo Processing Plants -
new.marketwire.com
Franklin Mining, Inc. Retains 3D Capital, AG -
new.marketwire.com
Cerro Rico and Pulacayo Projects Receive the Support of Bolivian Mine Workers -
Franklin Assured Bolivia's Planned Increases in Taxes Paid by
Foreign Owned Mining Companies Will Not Negatively Impact Operations -
Franklin/COMIBOL Joint-Venture Becomes Model for Future COMIBOL
Agreements With Foreign Owned Mining Companies -
new.marketwire.com
imanjen13 thanks for your good FMNJ info -
Thanks in advance -
God Bless
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