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Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.


GREY:COLUF - Post by User

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Post by TheHoboon May 26, 2010 8:06am
673 Views
Post# 17131363

Interesting read on next steps

Interesting read on next steps

Translated from here: https://www.diariodopara.com.br/N-91849-MINERADORA+INVESTE+R$115+MILHOES+NO+PARA.html


The mineral production in the Serra Pelada gold should begin within a maximum of one and a half, according to estimates by the director of the Canadian mining company in Brazil Colossus, the engineer Heleno Costa. He told the Diary that the company has invested $ 30 million in Serra Pelada and still intends to invest another U.S. $ 115 million on the deployment of mine, totaling $ 145 million. Gold production is expected to generate revenue of $ 800 million and $ 1 billion.

"Now, as we have the environmental license that allowed the granting of the mining ordinance, we are completing the detail design engineering firms then hire and begin effective implementation of mine," said Costa. He explained that the gold from 1600 meters will go through a ramp, go through processing. The gold is located between 170 and 350 meters deep. To get access to gold and other minerals it is necessary that there is ample security and ventilation shafts at the mine, so that workers can work in peace. The equipment of the mine and that will be imported, they have to win every one step bureaucratic release by Customs.

The water is now at the bottom of the pit and forming a lake of more than 150 meters in diameter will be emptied? Costa replied that this is not necessarily important for the gold is removed from the site. The exploration will be done by a kind of shortcut. The water, however, will be drained out of the pit, because the cooperative, which owns the tailings that are in the pit, you want to explore other minerals found there.



LULA

The chairman of the Cooperative Mining of Prospectors in Serra Pelada (Coomigasp), gypsum Simon, announced that President Luiz Inacio Lula da Silva, accompanied by his pre-candidate for president, Rousseff, will be on next June 22 in Curionópolis for "inaugurate a new era in mining." Lula will also fulfill his promise to the miners of Serra Pelada visit, as was planned in the past six days. It was not because the Ministry of Mines and Energy has been slow to grant the mining concession.

Plaster said that the climate in Curionópolis is the best among the miners. "There is more conflict between groups, this is a thing of the past," he summarized. The miners are receiving social support fifteen regional offices of Coomigasp in several states. In the city and the village of Serra Pelada residents are getting stock in health and in the coming days is to get a job with them in the sectors of education and sanitation. "Going forward is to think of a better quality of life for the miners," he said. (The Associated Press)

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