By reprocessing tailings, Barrick Gold will obtain concentrated sulfur for its Nevada Gold Mines and eliminate a source of potential groundwater contamination.
The indicated resources total 22.6 million tonnes at 1.34 g/t gold, for 975,000 oz., with inferred resources of 6 million tonnes grading 0.92 g/t gold.
Chinese iron ore and coke futures were dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel-producing city of Tangshan.