Energy & Mining International - Summer 2012 - (Page 77)

SUMMER 2012 LATIN AMERICA OROSUR MINING INC. E M I Small but Mighty With only 447 direct employees, Orosur is considered small. But the Chilean-based gold mining company produces revenue like a giant. Orosur operates the only gold-producing mine in Uruguay.. • Santiago, Chile “Although we are a junior company, our production differentiates us from other companies of the same size.” // LUIS TONDO, COO newer acquisitions in Chile – Pantanillo, Anillo and Talca. Formerly known as Uruguay Minerals, OMI’s history goes back 15 years to when it was formed in 1996. Active from the start, within its first five years the company discovered a number of deposits close to the San Gregorio mine, including Castrillon and Sobresaliente. In 2000, its common shares were admitted for listing on the Canadian Venture Exchange – now called the Toronto Stock Exchange – and two years later the company’s ambitious exploration program paid off when the Arenal deposit was discovered 4 kilometers from the San Gregorio plant. ONE AND ONLY The only gold-producing mine in Uruguay, San Gregorio has produced in excess of 1 million contained ounces from open pits up to 200 meters deep and is expected to produce 315,000 ounces over the next five years. OMI’s chief operations officer, Luis Tondo, describes the labor mechanics behind San Gregorio. “We’ve been able to put together a team of miners and train them,” he says. “We had to do that because Uruguay is not a mining 77 [ BY ANGELA FORSYTH ] Orosur Mining Inc. (OMI) may be a junior company by definition, but its revenue shows otherwise. Operating the only gold-producing mine in Uruguay, earning $75 million in revenue per year PROFILE and managing an exploration portfolio of high-quality assets in Chile and Uruguay, OMI performs at a level more akin to that of a major producer. Its biggest assets are the established San Gregorio operation in Uruguay and Orosur Mining Inc.. | Revenue: $75 million | Headquarters: Santiago, Chile Specialty: Gold | Employees: 447

Table of Contents for the Digital Edition of Energy & Mining International - Summer 2012

Energy & Mining International - Summer 2012
Wind Financing
Latin American Energy
Mining Developments
Wabash Mfg. Inc.
Mega Precious Metals
Iron Ore Company of Canada
Rainy River Resources Ltd.
Canada Energy
Gear Energy
Manitok Energy Inc.
Chieftain Metals
IC Potash
Nyrstar Langlois Mine
Phoenix Technology Services Inc.
Waycon Manufacturing Ltd.
Tuscany International Drilling
Latin America Focus
Canacol Energy
Orosur Mining
Lithium One Inc.
Cabo Drilling (Panama) Corp.
Continental Gold Ltd.
Guyana Oil Co. Ltd.
Batero Gold Corp.
The Williston Basin
Primary Petroleum
Sanjel Corp.
Summit Energy Services
Kengor Metals LLC
Stone Energy
Holloway Pipe
McFarren Group – Appalachian Transload Services
Trumbull Corp.
De-Cal Mechanical
Buck’s Fabricating
ITI Trailers & Truck Bodies
Hamilton Machine/ ValTek Industries
Rodenberg Diversified LLC
Mazzella Lifting Technologies
Independence Excavating
Magna-Solutions LLC
Blackhawk Specialty Tools LLC
MinExpo 2012
Rail-Veyor Technologies
STW Technic
RAM Enterprise
Miner Elastomer Products Corp.
McElroy Manufacturing
REICHdrill Inc.
Gunnebo Johnson Corp.
The Timken Co.
K/M Specialty Pumps & Systems Inc.
Schroeder Industries
The Reinforced Earth Co.
Geoprobe Systems®
Sumitomo Pogo Mine LLC – Pogo Mine
Power Service Inc.
National Pump Co.
Peak Oilfield Service Co.
TonaTec Exploration
Xtreme Oil & Gas Inc.
White Tiger Gold
TransAtlantic Petroleum Ltd.
Lydford Mining Co.
MFM Industries Inc.
Crescent Companies
Tri State Tank
Aquila Resources
Armstrong Coal
EnerJex Resources Inc.
Sanchez Energy Corp.
Chatham Steel Corp.
Ad Index
The Final Shot

Energy & Mining International - Summer 2012