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