01/05/09
Small companies to reap dividends
MANY smaller mining companies will outperform their larger cousins in equity markets over the next few years. Full story...Talking tax at the council on mining and metals
Left to right: Daniel Dumas from the Commonwealth Secretariat, Evelyn Dietsche, from the Centre for Energy Petroleum and Mineral Law and Sir Mark Moody-Stewart, chairman of Anglo American plc launch the ICMM’s review of taxation regimes, and the issues and challenges in their design and application Full story...Alumina plans A$1bln raising
Alumina Ltd plans to raise a minimum of A$644 million (US$470 million) to strengthen its balance sheet Full story...Mexican miners and swine flu
Mining companies in Mexico have so far been unaffected by the deadly swine flu, which has caused a suspected 176 deaths in the country and one in the USA (as of 1100BST yesterday). Full story...US Administration mountaintop U-turn
After its first 100 days in office, the Obama administration in the US is wringing the changes environmentally, including initiating moves to reverse a rule by the former administration that allows mountaintop coal mines to dump waste into streams if it is found to be the cheapest and most convenient disposal option Full story...
Production and Markets
Boost for UK Coal
UK Coal plc, Britain’s largest producer of the fuel, has benefited from desulphurisation upgrades at power plants, with the signing of a 3.5Mt supply agreement with Scottish and Southern Energy plc (SSE) Full story...
Kyrgyz agrees deal but risk remains
The Kyrgyz Republic, Centerra Gold Inc and Cameco Corp have reached an agreement that resolved disputes in regard of the Kumtor gold mine in the Central Asian country, putting pay to a year of uncertainty and delays, but Control Risks, geo-political risk advisers, warn that investors should remain wary of political instability in the country Full story...Signs of recovery for minor metals
Although business volumes remained low in April, there were some signs that minor metal markets, led by antimony and cobalt, were recovering. The interest was concentrated on prompt availabilities, indicating that buyers have been running stocks down and were now operating on a hand-to-mouth basis. If confidence were suddenly to return, this situation could create a mini-boom (until stocks have been replenished). For the time being, however, 'caution' remains the watchword. Full story...Africa calling
Phil Halliday interviews Hugh McCullough, managing director of Glencar Mining plc Full story...Sabodala reaches full production
Mineral Deposits Ltd said its Sabodala gold mine in Senegal has successfully reach full production capacity Full story...Eldorado to boost Kisladag output 40%
Eldorado Gold Corp plans to increase the output from its Kisladag gold mine in Turkey by as much as 40% following a review of the operation Full story...Denison secures five year uranium deal
Denison Mines Corp has entered into a new long-term sales agreement for uranium from its mines in the US and Canada Full story...Diamond Supply to fall 15% by Volume; 45 % by Value in 2009
Global mining diamond output will run at about 85% of the 2008 level and come to US$12.35 billion – at 2008 prices Full story...Las Cruces resumes
Mining operations have resumed at Inmet Mining Corp’s Las Cruces copper project in Spain, after the company received final approvals from the Andalucian Regional Ministry of Innovation, Science and Business Full story...Anglo plunge
Anglo American plc has reported tumbling production in the March quarter, with diamond production down 90%, primarily a result of its interest in De Beers Full story...Unions unite
South African mining union Solidarity has joined the National Union of Mineworkers (NUM) in its call for a 15% pay increase for mine workers Full story...Vale cutback
Cia Vale do Rio Doce, the world’s largest iron-ore supplier, has cut iron-ore production by 25% in the March quarter in response to the “dramatic contraction of steel output” in the Americas and Europe Full story...Barrick down but not out
Barrick Gold Corp has reported a fall in income and production in the first quarter of the year, but in more positive news the company told newswires this week that it believes a deal has been reached between the Chilean and Argentinean governments over its Pascua Lama project. Full story...Mexican miners and swine flu
Mining companies in Mexico have so far been unaffected by the deadly swine flu, which has caused a suspected 176 deaths in the country and one in the USA (as of 1100BST yesterday). Full story...China central bank move to boost gold
China has purchased 14.6Moz of gold in the past six years, which it will now transfer to the monetary reserves of the People’s Bank of China (PBOC). Full story...Zambia ups offer
Zambia Copper Investments Ltd (ZCI) has increased its financing offer for African Copper plc, increasing the bridge loan facility offer to US$10 million Full story...Lomas Bayas strike
Employees at Xstrata plc’s Lomas Bayas copper mine in Chile’s Antofagasta region have voted to start strike action after wage negotiations failed Full story...US Administration mountaintop U-turn
After its first 100 days in office, the Obama administration in the US is wringing the changes environmentally, including initiating moves to reverse a rule by the former administration that allows mountaintop coal mines to dump waste into streams if it is found to be the cheapest and most convenient disposal option Full story...Exploration & Development
El Pilar study positive for Stingray
An open-pit mine could be developed to exploit Stingray Copper Inc's El Pilar copper oxide project in Sonora, Mexico, according to a feasibility study prepared by consultant M3 Engineering. Full story...
Donlin Creek to produce 1.6Moz/y
NovaGold Resources Inc has released the results from the feasibility study to develop the Donlin Creek gold deposit, one of the world's largest, which details an operation capable of up to 1.6Moz/y of production. Full story...Inca assays
Deep Yellow Ltd has intersected what it described as metasomatic-magnetite skarn uranium mineralisation at the Inca property near Swakopmund in Namibia. Full story...Aquila raises W Pilbara resource
Haematite iron-ore resources within the West Pilbara Iron Ore Project total nearly 650 Mt, according to 50% partner Aquila Resources Ltd. Full story...Ruotevare metallurgy
Metallurgical testing at the Ruoutevare titanomagnetite deposit in northern Sweden has indicated a sponge iron powder with average grade of 97% iron and less than 0.5% titanium can be produced, according to owner Beowulf Mining plc. Full story...Ulaan Ovoo prefeasibility positive
The Ulaan Ovoo coal project in Mongolia could be developed economically, according to a prefeasibility study for owner Red Hill Energy Inc. Full story...Mount Peake intercepts
TNG Ltd's reverse-circulation drilling programme at the Mount Peake property in Australia's Northern Territory has intersected high-grade vanadium mineralisation, according to the company. Full story...Stick to what you do best
Phil Halliday talks to Hugh McCullough, managing director of Glencar Mining plc Full story...Exeter's Caspiche 'expansion'
Exeter Resources Corp has continued to intersect extensive porphyry mineralisation at its Caspiche gold-copper deposit in Chile's Maricunga mineral belt, with the latest assays from outside the current resource. Full story...Spain approves Berkeley deal
The Spanish Council of Ministers has approved an agreement whereby Berkeley Resources Ltd will begin a feasibility study for development of uranium assets in Salamanca Province, comprising its own assets and those of state-owned ENUSA Industrias Avanzadas SA. Full story...Fuwan permit
Minco Silver Corp has received the mining area permit for its 90%-owned Fuwan silver project in China's Guangdong province. Full story...Benga approval
Riversdale Mining Ltd has received approval for the mining contract for the joint-venture Benga coal project in the Moatize area of Mozambique's Tete province. Full story...Mina Justa study
The Mina Justa copper-gold project in Peru's Nazca province could support annual copper production of 110,000t, according to a feasibility study completed for 70%-owner Chariot Resources Ltd. Full story...Kazakhstan opens two uranium mines
Opening ceremonies for two new in-situ leaching uranium mines were held in Kazakhstan in the past week, at Khorassan-1 (Kharasan-1) and Irkol. Full story...Gindalbie's conditional Karara approval
Western Australia's Environment Protection Authority has recommended approval for the A$1.8 billion (US$1.3 billion) Karara iron-ore project, a joint venture between Gindalbie Metals Ltd and Chinese steelmaker Anshan Iron and Steel Group Corp (Ansteel), but with conditions that would exclude certain orebodies. Full story...Jabal Sayid results
Citadel Resources Group Ltd has announced further drilling results from its infill programme at the 50%-owned Jabal Sayid copper-gold project in Saudi Arabia. Full story...Kehoe intercepts
Thick intervals of disseminated to net-textured mineralisation have been intersected by Canadian Royalties Inc at its Kehoe prospect, at the Nunavik project in northern Quebec. Full story...Balla Balla approval
Aurox Resources Ltd has received approval from Western Australia's environment minister for its Balla Balla iron-ore project. Full story...Final Orion results
Shore Gold Inc has released the final bulk-sampling results from the Orion South zone at the Fort á La Corne diamond joint venture in Saskatchewan. Full story...More from Extract
Extract Resources Ltd has continued to return significant intersectiosn of uranium mineralisation at its Rossing South deposit in Namibia. Full story...Finance
Namibia charges Rio Tinto’s Rössing double royalty rates
THE Namibian government has imposed a surprise 6% royalty on Rio Tinto’s Rössing mine. Full story...
Small companies to reap dividends
MANY smaller mining companies will outperform their larger cousins in equity markets over the next few years. Full story...Talking tax at the council on mining and metals
Left to right: Daniel Dumas from the Commonwealth Secretariat, Evelyn Dietsche, from the Centre for Energy Petroleum and Mineral Law and Sir Mark Moody-Stewart, chairman of Anglo American plc launch the ICMM’s review of taxation regimes, and the issues and challenges in their design and application Full story...Sumitomo buy
Sumitomo Metal Mining Co as agreed to buy a 40% stake in the Pogo gold mine from Teck Resources Ltd for US$245 million Full story...Polymetal buys Mayskoye from Highland Gold
OAO Polymetal and four other Russian investors have purchased the large Mayskoye deposit from Highland Gold Mining Ltd for US$105 million Full story...Alumina plans A$1bln raising
Alumina Ltd plans to raise a minimum of A$644 million (US$470 million) to strengthen its balance sheet Full story...Katanga funds
Katanga Mining Ltd and Glencore International AG have entered into a loan agreement and transaction agreement that will provide Katanga with a US$50 million bridging loan and a rights issue to raise at least US$250 million Full story...Angus & Ross funding
Angus & Ross plc has secured a £5.6 million (US$8.1 million) funding package by way of a standby equity distribution agreements and equity placing Full story...TNR spin-off
TNR Gold Corp is to spin-off its lithium and rare metals projects into a wholly-owned British Columbian subsidiary to be called International Lithium Corp Full story...Fifth Column
Satisfaction guaranteed: from exploration into production
John Sutcliffe is a geologist who was directly involved in discoveries that eventually became working mines in at least six countries – Chile, Iran, Spain, Peru, the Yemen and Venezuela Full story...Reports
Uranium to fuel Namibia’s growth
Namibia’s economy, like that of Botswana, has been adversely affected by the fall in global diamond demand and lower base metals prices. Full story...
Madagascar 01/05/09 - Madagascar’s drum beats loud across African seas
The African island of Madagascar may be a lot smaller than some of its mainland neighbours, but there has been a surge of exploration interest in this tiny nation, with one major mine already on stream – and another not far behind Full story...China’s New Role as Global Investor
Didier J. Rault, chairman of World Mining Investment, who recently announced the formation of a US$1 billion mining investment fund, shares his thoughts on the rise of Asia’s new global investor Full story...Focus
Uranium to fuel Namibia’s growth
Namibia’s economy, like that of Botswana, has been adversely affected by the fall in global diamond demand and lower base metals prices. But in the second part of a two-part feature, Roger Murray explains that the ongoing expansion of existing uranium mines and the opening of new ones in response to growing world demand for nuclear fuel will spearhead renewed economic growth from 2010. Full story...
Madagascar’s drum beats loud across African seas
The African island of Madagascar may be a lot smaller than some of its mainland neighbours, but there has been a surge of exploration interest in this tiny nation, with one major mine now on stream – and another not far behind Full story...Russia's technological link
Education initiative trains next generation of geoscientists in new exploration technology and data processing Full story...Arbitration clauses: where do you start?
Our previous article explained why arbitration clauses are so important. This article looks at the question of what your arbitration clause should look like. Full story...People and Appointments
Polar Star elections
Shareholders of Polar Star Mining Corp elected a new board of directors at its recent annual meeting. Full story...African expertise
CityView Corp Ltd has added Caleb Dengu and Lewis Musasike to its advisory board Full story...Stirling secretary
Australian resources developer, Stirling Resources Ltd, advised that Ildiko Wowesny has been appointed as the company secretary, taking over from Shannon Caporn, who has retired. Full story...Resignation at Australian Zircon
Australian Zircon NL non-executive director Max McGarvie has stepped down Full story...High River CFO
High River Gold Mines Ltd said chief financial officer Steven Poad has been appointed to the board of directors on an interim basis until the next annual meeting of shareholders. Full story...Rubicon VP operations
Rubicon Minerals Corp has appointed Claude Bouchard to the newly-created position of vice-president operations. Full story...Brilliant president departs
Mike Sieb has resigned as president of Brilliant Mining Corp Full story...GCM Resources appoints non-exec
GCM Resources plc announced that Mr Stephen Dattels joined the board of GCM as a non-executive director with effect from the 28 April Full story...Trans-Siberian director
Trans-Siberian Gold plc has appointed Charles Ryan as a non-executive director Full story...Site Search
Log inIssue: 01/05/09
PROFESSIONAL PLACEMENTS
Geologists- Senior and Junior Positions
Gryphon Minerals is aggressively growing its world class Banfora Gold Project in Burkina Faso, West Africa.
Mining and Metals Opportunities - Hatch
Mining and Metals Opportunities in London and Globally: Senior and junior roles.
Minerals Geoscientist Vacancy - Neftex
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