Analysis of the global market, liquidity, supply and demand, gold as a monetary asset. Market news and reports

www.marketintelligence.gold.org

Hello, you either have JavaScript turned off or an old version of Adobe's Flash Player. Get the latest Flash player.

Gold

Xstrata Technology secures new gold project > Gold News > World Gold Council, gold market information and intelligence

 

Xstrata Technology secures new gold project

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Monday, 16th May 2005 (3983 views)

Xstrata Technology's IsaMill has announced it has been chosen to boost gold recovery at the Kumtor Operating Company (KOC).<br/><br/>The 500,00 ounces per year gold operation is a fully owned subsidiary of Canada's Centerra Gold and is situated in the Kyrgyz Republic, in central Asia.<br/><br/>Under the deal Xstrata will provide equipment for operations that is expected to improve gold recovery by around 20,000 ounces per year.<br/><br/>John Kazakoff, Kumtor senior vice president of operations, commented: "Xstrata's IsaMill technology offers the advantages of high power efficiency, proven robust operations and large scale. <br/><br/>"The small footprint is also important for a site like Kumtor which is located at 4,000 metres above sea level in the remote Tian Shan Mountains."<br/><br/>This technology was picked following personal inspections by Mr Kazakoff of fine grinding installations "throughout the world".<br/><br/> Xstrata Technology is a wholly owned subsidiary of Xstrata, a major global diversified mining group, listed on the London and Swiss stock exchanges and with headquarters in Switzerland.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8512955"/>

 

« Back to Gold News stories

 

Gold News Archive:

 
 

Search

Search our gold investment information.

  • Gold Spot Price
  • Bid: $1161.80
  • Ask: $1162.60
  • Last Update: 06:50 GMT
© 2009 World Gold Council - all rights reserved. Produced and managed by CFP Group.