Monument Mining made $15 million in gross revenues in the first three months of 2011, having sold 10,704 ounces of gold at an average price of $1404/oz. The Vancouver-based gold explorer, which owns two gold properties in Malaysia, said it is on target to exceed 40,000 ounces of gold this year, the company's first year of commercial production.
Image by Monument Mining Limited
Malaysia Mining News
Malaysian rare earths plant review won't delay project – Lynas
Rare earths project developer, Lynas, reckons independent review of its proposed Malaysian processing facility will not pose a delay for project completion.
Plan for refining rare earths in Malaysia is controversial
Australian mining company Lynas is planning to set up a refinery in Malaysia that will receive rare earth ores from its Mount Weld mine in Western Australia. Jonathan Manthorpe, an international affairs columnist for the Vancouver Sun, examines the claims of critics who wonder why the company needs to ship the ore 4,000 kilometres away from the mine.
Malaysia hopes to make in-roads in the rare earth market
New York Times says that Malaysia is placing a big bet on rare earth metals: As many as 2,500 construction workers will soon be racing to finish the world’s largest refinery for so-called rare earth metals […]
Monument to more than double gold production
Vancouver-based Monument Mining Ltd. is moving ahead with a Phase 3 expansion plan for its Selinsing mine and gold treatment plant in Malaysia. The expansion includes an additional milling, gravity and leach circuit.
The expansion will lift the treatment plant capacity from 400,000 tonnes per year to 1 million tpa.
Monument Mining Ltd. – Commercial Production Declared; Reported Revenues of $6.61 million in September 2010
Fundamental Research release a report on Monument Mining. Here are the investment highlights: The company announced on September 20, 2010, the commencement of commercial production at the Selinsing Gold Project in Malaysia. The facility is […]
