Gold pushes Cyanco cyanide expansion

25 June 2008 21:48  [Source: ICIS news]

NEW YORK (ICIS news)--Cyanco will raise its capacity for liquid sodium cyanide by 50% to respond to increased demand for gold, a company executive said on Wednesday.

“With gold prices hovering around $900/ounce [€576/ounce] and expected to increase, demand for cyanide will continue to be strong,” said Bob Warriner, sales and marketing manager for Winnemucca, Nevada-based Cyanco.

Sodium cyanide is used in gold mining to extract the ore from the rock.

“Exploration activity is way up in Nevada, and two or three mines are in the process of starting up this year,” said Warriner. “And several more are slated to start up over the next couple of years.

Existing mines are also increasing their cyanide consumption through various activities such as processing ores previously thought to have too low a grade, or increasing cyanide volume to the process to extract even more gold.

Cyanco, which is a 50:50 joint venture between CyPlus and Nevada Chemicals, plans to make its 50% sodium cyanide capacity increase by 2010. The capacity at existing facilities, near Winnemucca, Nevada, will be expanded, and a third plant is under construction nearby, and is scheduled to be operation by late 2009.

While the company does not release its capacity figures, Cyanco’s liquid sodium cyanide capacity in 2006 was 39,000 tonnes, according to SRI Consulting.

($1 = €0.64)

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By: Ivan Lerner
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