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Chief executive officer Tom Albanese

Rio Tinto completes US$15.2 billion share sale

Rio Tinto, the world's third-largest mining company, completed this year's second biggest share sale, reducing the high level of debt that forced it to consider selling stakes in its most valuable assets

Sylvania, Ruukki join to create large PGM producer

South African platinum group metals (PGM) producer Sylvania Resources Ltd is planning to merge with Finland-based ferrochrome and PGM company Ruukki Group plc in a €268 million (US$379 million) deal

Jupiter signs offtake, cash deal with Posco

Korean steelmaker Posco will take a 16.65% stake in Jupiter Mines Ltd through a A$7.81 million (US$6.25 million) investment and offtake deal with the iron-ore explorer

African Minerals raises cash for Tonkolili drilling

Sierra Leone iron-ore explorer African Minerals Ltd has secured more than US$100 million, which it will use to delineate a 10,000Mt resource at its Tonkolili project

Buka board

Cape Lambert Iron Ore Ltd has moved to replace the board of Buka Gold Ltd

Hecla debt changes

Hecla Mining Co has made a prepayment of US$18.2 million to its term loan.

IFC invests

International Finance Corp (IFC), a member of the World Bank Group, has agreed to buy a C$6 million (US$5.2 million) stake in Antares Minerals Inc, to support the Haquira copper project.

Hambro investment

US-based Vanguard Group’s precious metals and mining fund has taken an initial 6.02% stake in Russian gold producer Peter Hambro Mining plc

Boddington sold

AngloGold Ashanti Ltd has completed the sale of its 33% interest in the Boddington gold project in Western Australia to Newmont Mining Corp

OZ completes sale

Oz Minerals Ltd has completed the sale of its Martabe gold project in Indonesia to China Sci-Tech Holdings Ltd for a total consideration of US$217.5 million
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Latest Issue: 03/07/09
MJ 03/07/09
 

  • Editor's Comment

    Chris Hinde
    Red flag
  •         

  • Comment

    Red flag

  • Production and Markets

    NGOs call for Zimbabwe suspension from Kimberley Process
    No word on iron-ore spot pricing
    China jails officials for fatal landslide
    Metals: minor inconsistencies

  • Exploration & Development

    Sukari reaches first output
    Slovakian scoping points to Kuriskova prefeasibility
    Long Canyon discovery
    Extract increases Rossing South resource to 145Mlb

  • Finance

    Uranium stocks power ahead
    Harmony gets Pamodzi Free State assets
    Indonesia puts foreign divestment at 20%
    African Minerals raises cash for Tonkolili drilling

  • Fifth Column

    Extracting value

  • Reports

    Booming Brazil
    Russian Mining Bear

  • People and Appointments

    Arian appointment
    Ansteel executives join Gindalbie
    Reconstitution of CRG’s board
    Gallagher joins Dynasty

  • Journal Team Diary

    The case of the missing gold