Day: August 4, 2014

Grupo México tiene luz verde para invertir en Perú

El Gobierno de Perú aprobó el plan ambiental de un proyecto clave de Southern Copper, filial de Grupo México, de 1,400 millones de dólares, luego de que la empresa despejó las dudas de los reguladores y las comunidades, informó Guillermo Shinno, viceministro de Minas de Perú.

U.S. Antimony Reports Funding and Increased Antimony Production

United States Antimony Corporation has placed 2,453,288 shares at $1.40 with institutional and accredited private investors to raise gross proceeds of $3,434,603. Initial funds are being used to increase Mexican smelting capacity by 50% to process a large inventory of smelter feed in Mexico. Thereafter, funds will be used to further increase smelter production several fold, increase Mexican mine production, resume mining the Los Juarez silver-antimony-gold property, and complete the installation of the 500 ton per day mill.

Monarchy Resources Provides Operational Update

Monarchy Resources, Inc. is pleased to announce that New World Metals is in the final stages of completing construction of its mill. The mill is located 15 kilometers outside of Parral, Mexico, and will be used to process ore currently stockpiled and being mined at the Morelos, La Luna and Peneto mines. The mill will have the capacity to process 20 tons a day and produce gold and silver concentrate through a single-stage flotation circuit process. New World has signed an LOI with a reputable commodities broker for the sale of its concentrate and anticipates sending its first shipment of gold and silver concentrate by late August 2014. New World continues to develop its underground operations at each of its three operating mines.

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