Mining news
company produces copper, zinc, lead and nickel.
| SOUTH AMERICA | Pan Pacific Copper to acquire 40% of South America copper mine Source: www.miningne.ws Pan Pacific Copper has announced that the company will purchase 40% of a large South American mine. The Japaneseowned Pan Pacific, which has Japan’s largest smelter, will purchase the mine from the Japanese government. The massive mine is located across Argentina and Chile in a region called Frontera that spans across 60 000 acres. The mine is expected to have an estimated output of 150 000 t (165 347 tons) a year. Once the acquisition is finalised, it is expected to be one of the largest copper mine stakes held by a Japanese company.
NORTH AMERICA
Strike Energy will begin fracking in the US
Source: www.miningne.ws Strike Energy says it will begin a 21-stage fracture stimulation programme in Texas, United States. The Eagle Landing joint venture (JV) with Strike Energy, which holds a 27.5% stake in the JV, is a 151.3 km2 project located
within the northern Lavaca and southern Fayette counties in Texas. The JV began in September at the Eagle Ford shale project. Four Texas-based companies hold the remaining interests in the venture. The fracking programme is scheduled to start at the project’s first production test well, Bigham 1H. Upon completion of the fracking operations, the partners plan to carry out cement plug drill-out and flow-back operations. Production testing is
expected to start once the well has cleaned up. The Bigham 1H well was drilled about 5 400 m deep, with a 157 m horizontal section drilled and cased in the Upper Eagle Ford formation. The
Eagle Landing JV has identified more than 300 potential drilling sites within the Eagle Ford gas-condensate fairway and has estimated a potential resource equivalent to 135 million to 165 million barrels of oil.