Engineering & Mining Journal

APR 2017

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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REGIONAL NEWS - EUROPE 22 E&MJ • APRIL 2017 www.e-mj.com NEWS - CALENDAR OF EVENTS APRIL 30-MAY 3, 2017: Canadian Institute of Mining (CIM), Mon- tréal, Quebec, Canada. Contact: Web: http://convention.cim.org/en/ Montreal/2017/Home.aspx. MAY 7-10, 2017: Haulage & Loading, Wigwam Resort, Phoenix, Arizona, USA. Contact: Web: www.haulageandloading.com. MAY 8-10, 2017: The 4 th International Symposium on Innovation in the Phosphate Industry, Congress Center, Mohammed VI Polytechnic Uni- versity, Ben Guerir city, Morocco. Contact: Email: info@symphos.com; Web: www.symphos.com. MAY 9-11, 2017: Arminera Centro Costa Salguero in Buenos Aires, Argentina. Contact: Web: www.arminera.com.ar. MAY 20-27, 2017: ALTA 2017 Nickel-Cobalt-Copper, Uranium-REE & Gold-PM Conference & Exhibition, Pan Pacific, Perth, Australia. Contact: Web: www.altamet.com.au/conferences/alta-2017/. MAY 15-19, 2017: Exponor, Antofagasta, Chile. Contact: Web: www.exponor.cl. JUNE 1-2, 2017: Mining Forum 2017, Berlin, Germany. Contact: Web: www.the-miningforum.com/. JUNE 7-9, 2017: Elko Mining Expo, Elko, Nevada, USA. Contact: Web: www.ExploreElko.com. JUNE 13-15, 2017: Longwall USA, David L. Lawrence Convention Center, Pittsburgh, Pennsylvania, USA. Contact: Web: www.longwallusa.com. JUNE 15-18, 2017: Paste 2017, 20 th International Seminar on Paste and Thickened Tailings, Beijing Conference Center, China. Contact: Web: www.paste2017.com. JUNE 17-22, 2017: 16 th North American Mine Ventilation Symposium, Color- ado School of Mines, Golden, Colorado, USA. Contact: Tel: (303) 279-5563; Fax: (303) 277-8683; Email: space@mines.edu; Web: http://csmspace.com/. AUGUST 29-31, 2017: AIMEX, Asia-Pacific's International Mining Exhibition, Sydney Showground, Sydney, Australia. Contact: Web: www.aimex.com.au/home/. SEPTEMBER 6-8, 2017: InterDrone 2017, Las Vegas, Nevada, USA. Contact: Web: www.interdrone.com. SEPTEMBER 18-21, 2017: Exposibram 2017, Belo Horizonte, Minas Gerais, Brazil. Contact: Web: http://exposibram.org.br/. SEPTEMBER 18-22, 2017: Perumin 33 Convencion Minera, Arequipa, Peru. Contact: Web: www.convencionminera.com. SEPTEMBER 24-27, 2017: Solution Mining Research Institute (SMRI) Fall Technical Conference with optional technical class on "Well Integrity Management" (class subject will be repeat of spring 2017), Münster, Germany. Contact: John Voigt; Tel: +1 570 585 8092; Email: smri@solutionmining.org; Web: www.solutionmining.org. DECEMBER 3-8, 2017: American Exploration & Mining Association's Annual Meeting and Exposition, Reno, Nevada, USA. Contact: Web: www.miningamerica.com. Eldorado: Olympias Phase II Commissioning on Track Eldorado Gold Corp. reported that it has received multiple tenders for significantly better concentrate sales terms at Olympias Phase II, where wet commissioning at the project is currently underway. Under the new sales terms, gold payability rates have increased from 58% up to a maximum of 71%, which is expected to result in an increase of approximately 15,000 oz of payable gold production per year. Phase II production is now estimated to be approxi- mately 85,000 oz/yr of gold (from 72,000 oz/yr previously) plus approximately 55,000 oz of gold equivalent production. A pre-existing gold-silver-lead-zinc mine located in Greece's Halkidiki Penin- sula in northern Greece, Olympias is be- ing re-developed in three phases. It has very high gold grades and an orebody that will allow for mining rates up to 1 million metric tons per year (mt/yr). "After a lot of hard work by our team in Greece, we are all very excited to now be at this junc- ture with commissioning and we expect to declare commercial production from Olympias Phase II in the third quarter," said Paul Skayman, COO, Eldorado Gold. The construction of Phase II is sub- stantially complete and commissioning has commenced. Addition of low grade ore to the crushing circuit is expected next week. Pre-commissioning of the main flotation plant equipment is underway and ore will be introduced in April. Deliveries of first-fill reagents, grinding media, critical and oper- ational spares are on schedule to support second quarter pre-commercial production. Mined ore has been moved to the sur- face stockpile adjacent to the crusher for commissioning of the processing fa- cility. Underground development is well positioned to support 2017 production guidance with 14 stopes in ore on nine different levels complete and ready for extraction. Ore mining will begin shortly in both the east and west ore zones using a drift-and-fill mining method. Phase II involves processing ore from the underground at a rate of approximate- ly 400,000 mt/yr. The new processing fa- cility includes new processing equipment within the pre-existing plant building to produce three concentrates: lead-silver, zinc and gold bearing pyrite-arsenopyrite. In 2017, the Olympias mine is budgeted to process 267,000 mt of ore at grades of 9.6 g/mt gold, 3.4% lead, 3.4% zinc and 105 g/mt silver. Wet commissioning of the Olympias mill is underway.

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