Apex Silver San Cristobal Produces First Concentrates -
and Achieves 12 Million Man-Hours -
Without a Lost Time Accident
Tuesday August 7, 9:00 am ET
DENVER--(BUSINESS WIRE)--
Apex Silver Mines Limited -
(AMEX:SIL - News) today announced the first production -
of silver bearing concentrates from -
the San Cristobal Mine -
zinc, lead and silver mine in Southwestern Bolivia.
The plant reached mechanical completion in late June 2007 -
and began start-up commissioning in early July.
We expect the first rail shipments from the plant -
later this week.
As of July 31st, more than three and a half million tonnes -
of ore have been stockpiled for the concentrator.
The primary crusher and overland conveyor are operating -
at design rates delivering ore to the coarse ore stockpile.
With production testing ongoing and operating with -
a previously untrained workforce, the plant is operating -
with the semi-autogenous mill (SAG) -
and one of two ball mills.
Processing the harder of the two ore types in -
the San Cristobal ore body, we have achieved continuous -
throughput of 19,000 tonnes per day, within five percent
of design capacity.
The second ball mill motor has been repaired and is being -
commissioned, and we expect continuous production -
from this ball mill in early September.
The flotation circuit has been commissioned and we are -
producing both silver bearing lead and zinc concentrates.
The filtration and load out system has been commissioned -
and concentrate containers are being loaded for rail -
transport to the port at Mejillones, Chile.
All other systems including the well field, tailing system,
railroad, and other supporting systems have been -
commissioned and are generally performing as anticipated.
The plant will continue in startup and commissioning -
during August with emphasis on commissioning of -
the zinc regrind circuit and fine tuning throughout -
the flotation plant including improvements in -
the calibration of instruments and tuning of control -
loops and level controls in the plant.
In addition, we expect to complete commissioning of
the second ball mill, together with final processes
and coordination with Bolivian power providers,
in early September.
The entire project and operating team has achieved -
twelve million man hours without a lost time accident.
"We salute our Bolivian project and operating team
for the rapid ramp up in production achieved to date,"
said Jeffrey Clevenger, President and CEO.
"The achievement of twelve million man-hours without
a lost time accident continues to establish a new target
for the mining industry and re-enforces the shared
commitment of Apex and our Bolivian employees
to operating and safety excellence".
We are completing the determination of our second quarter
financial results, which will reflect a non-cash loss
of approximately $165 million for the quarter ended
June 30, 2007 related to our metals derivative positions
due to metals price increases in the second quarter,
and will issue our second quarter earnings release
later this week.
Apex Silver is a mining exploration and development company.
Its 65%-owned San Cristobal project is the world's largest
development in silver and zinc.
The ordinary shares of Apex Silver trade on
the American Stock Exchange under the symbol "SIL".
This press release contains forward-looking statements
regarding the company, within the meaning of Section 27A of
the Securities Act --- those in the forward-looking statements
can be found in the company's Form 10-K filed with
the SEC for the year ended December 31, 2006.
Contact:
Apex Silver Mines Corporation
Jerry Danni,
303-228-0336
Senior Vice President Corporate Affairs
Source: Apex Silver Mines Limited
Thanks for the interesting silver read -
silverstockreport.com
Imo. Tia.
FMNJ & SIL - missions -
God Bless
siliconinvestor.com
siliconinvestor.com
Ps.
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not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz vs....
The old real dollar is the name of the official currency
in several countries, dependencies and other regions,
including Australia, Canada, the East Caribbean, Liberia,
Hong Kong, New Zealand, Singapore and the United States -
It is represented by the symbol $, placed before the dollar
amount (in French Canada, after) -
The dollar was also in use in Scotland -
during the 17th century, and there is a claim that -
it was invented at the University of St Andrews -
The name is related to the historic currencies Tolar,
in Bohemia, Thaler, in Germany and Daler, in Sweden.
The name thaler (from thal, valley) originally came
from the guldengroschen (great gulden, being of silver
but equal in value to a gold gulden) coins minted -
from the silver from a rich mine at St. Joachimstal
(St. Joachim's Valley) in Bohemia -
(now in the Czech Republic).
The name Spanish dollar was used for a Spanish silver coin,
the peso, an 8 real coin, which was widely circulated -
during the 18th century in the Spanish colonies -
in the New World -
The use of the Spanish dollar and the Maria Theresa thaler -
as legal tender for the early United States -
is the reason for the name of that nation's currency -
The word dollar was in use in the English language -
for the thaler for about 200 years prior to -
the American Revolution -
Spanish dollars, or pieces of eight as they were called,
were in circulation in the 13 colonies that became
the United States and legal tender in Virginia -
Bucky - to fall down the cliff corrupt disgraced? - |
