Friday, August 27, 2010

Barrick (NYSE:ABX) Resumes Production at Mine Where 2 Workers Died

Barrick Gold Corp. (NYSE:ABX) has ramped up production again at its Meikle Mine in Nevada, where two workers died earlier in the month.

Evidently the accident was localized and not spread across the mine, as a vertical pipe broke away from the wall and hit the cage lowering the two miners down into the shaft.

The pipe wasn't a typical pipe one thinks of, but rather one about 2 feet in diameter, which had to have had a lot of force with it when it detached from the wall.

The shaft which took the life of the miners remains closed while regulators continue investigating the accident.

Some miners went back to work last week, according to Barrick, and the rest returned by the weekend.

No comments: