Supported byClarion Energy
HomeMiningIn Serbia 340,000...

In Serbia 340,000 tons of copper and 12 tons of gold found by Zijin Copper

In the last two years, the Geology Sector has used RC exploratory drilling as part of exploitation research at surface mines, but an external contractor has been hired for that.

According to geologists’ estimates, there are about 340,000 tons of copper and 12 tons of gold, Zijin company said in a statement. Geological research and investments in this set, but in the long run a profitable job, continue this year as well, so a new drill for exploratory drilling has recently arrived in the Majdanpek mine for that reason.

The dynamics of excavation at surface mines requires constant monitoring and planning of the quantity and quality of the useful component, which can be a problem in less explored parts of the deposit. The new machine will help in such situations, because geologists will get more precise geological information in a fast, relatively cheap and efficient way in the future.

The new drill will also enable better control of the content of useful components, e.g. copper and gold (grade control), which is already a common practice in the world.

The new “epirok” drill, which records the first working hours and meters in the Majdanpek mine, has a simple design, adapted for work on inaccessible terrain, and at the same time it is reliable and easy to service. It can reach up to 250 meters in depth, although the largest in surface mines are 100 to 150 meters. The wells that it makes, if they are not very deep, can also serve as mines in the preparatory drilling and mining works, it was announced.

Last year, the company Zijin Copper invested around 5.55 million US dollars in geological research. The investment paid off, as the company is on track to increase its resources by an additional 57.76 million tons, with a copper content of over 0.3 percent.

Source: b92.net

 

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia moves closer to independent electricity flexibility market as aggregator rules advance

Serbia is moving towards an electricity market model in which companies could purchase power from one supplier while allowing a separate aggregator to monetise their flexible consumption, creating a new layer of competition between industrial customers and wholesale electricity...

Serbia power prices fall as regional market gaps widen

Serbian day-ahead electricity prices fell for delivery on 2 October, moving against increases recorded in most neighbouring markets. The decline widened Serbia’s price discount to Hungary, although sharp evening price peaks showed that lower daily averages did not eliminate...

Serbia: SEEPEX hits record September trading volume as electricity prices increase

Serbia’s SEEPEX day-ahead electricity market recorded its highest-ever monthly trading volume in September, while average electricity prices increased compared with August. Trading turnover reached 579,406.3 MWh, representing a 5.9% increase month on month and a 26.6% rise year on year....
Supported byVirtu Energy