02/04/2010
Iron-ore benchmark pricing ends
The era of global benchmark iron-ore price agreements came to an end this week when BHP Billiton and Vale SA broke a 40-year tradition by agreeing shorter-term contracts with Asian steel mills Full story...First Quantum suffers Kolwezi set back
First Quantum Minerals Ltd believes it has been ruled against in the legal battle over the Kolwezi project in the Democratic Republic of the Congo Full story...Should more heads roll?
With the fallout still to settle from this week’s sentencing of its employees in China, Rio Tinto executives face a difficult Easter Full story...Celebration in Hong Kong
Despite coinciding with the sentencing of four Chinese employees of Rio Tinto, the mood among the 700 delegates at this week’s Mines and Money conference and exhibition in Hong Kong was markedly upbeat Full story...Chinese gold demand expected to double in a decade
Gold demand from China, already the world’s second-largest consumer market for the metal, is expected to double within the next 10 years, says the World Gold Council Full story...Macarthur Coal shuns US$3bn Peabody bid
The board of directors of Macarthur Coal Ltd has rejected a A$3.3 billion (US$3 billion) cash bid from US coal company Peabody Energy Corp Full story...Flood warnings ignored
Chinese authorities report that warning signs of a flood were ignored prior to more than 150 workers being trapped underground earlier this week at the Wangjialing coal mine about 650km south west of Beijing Full story...
Production and Markets
First Quantum suffers Kolwezi set back
First Quantum Minerals Ltd believes it has been ruled against in the legal battle over the Kolwezi project in the Democratic Republic of the Congo Full story...
Should more heads roll?
With the fallout still to settle from this week’s sentencing of its employees in China, Rio Tinto executives face a difficult Easter Full story...Diavik opens underground
Production has started at Diavik Diamonds Mines Inc’s new underground mine at the Diavik diamond operation in Canada’s remote Northwest Territories Full story...Harmony employee dies
A Harmony Gold Mining Company Ltd employee was killed by a rock fall accident last week at its Merriespruit 1 shaft, at its Virginia operations in the Free State Full story...Weatherly to restart mines
Namibia-focused copper miner Weatherly International plc has said an independent review confirmed that production can restart at two mines within the next six months Full story...First tonne poured at Sukari
Centamin Egypt Ltd – listed in London, Australia and Toronto – has poured the first tonne of gold at its Sukari gold mine in Egypt Full story...Crew Gold receives requisition
UK-based Crew Gold Corp said it received a requisition for a special meeting of shareholders from Bluecone Ltd of Limassol, Cyprus Full story...Lonmin furnace shut down, again
Platinum producer Lonmin plc has again been forced to shutdown the No1 furnace at its South African smelter Full story...AngloGold suspends second Ghana operation
Africa’s largest producer of gold, AngloGold Ashanti Ltd, has suspended gold processing at the Obuasi mine in Ghana to work on reducing water contamination Full story...Flood warnings ignored
Chinese authorities report that warning signs of a flood were ignored prior to more than 150 workers being trapped underground earlier this week at the Wangjialing coal mine about 650km south west of Beijing Full story...Exploration & Development
Underground option outlined for Discovery
A scoping study to exploit underground resources at Discovery Metals Ltd’s Boseto copper-silver project in Botswana has indicated the potential for economic development Full story...
Alamos scopes Turkish combination potential
A scoping study for development of Alamos Gold Inc’s gold projects in Turkey has found that both Agi Dagi and Kirazli could support stand-alone operations Full story...Oyu completion
Ivanhoe Mines Ltd and Rio Tinto report that the conditions precedent concerning the investment agreement for the Oyu Tolgoi copper-gold project in Mongolia have been satisfied Full story...AGK joint venture
AngloGold Ashanti Ltd has signed a joint venture with state-owned l'Office des Mines d'Or de Kilo-Moto (OKIMO) over development of the Ashanti Goldfields Kilo gold project in the Democratic Republic of the Congo. Full story...Lena intersections
Silver Lake Resources Ltd has received driling results from a programme in progress at its Moyagee gold property in the Murchison district of Western Australia Full story...Maruwai joint venture
BHP Billiton has formed a joint venture with Indonesian coal producer PT Adaro Energy Tbk for development of BHPB's Maruwai coal property in East and Central Kalimantan. Full story...Moneta assays
An ongoing drilling programme at Moneta Porcupine Mines Inc’s Golden Highway property near Timmins, Ontario, has intersected gold mineralisation in the Southwest zone Full story...Tulu Kapi results
Drilling at its Tulu Kapi gold property in Ethiopia has intersected two zones of mineralisation, said owner Nyota Minerals Ltd Full story...Hera intercepts
YTC Resources Ltd has intersected gold and base-metals mineralisation during drilling at the Hera property in central New South Wales Full story...Hazelwood boosts Big Hill again
Continued drilling by Hazelwood Resources Ltd at its Big Hill tungsten project in Western Australia, part of its Cookes Creek property, has allowed the firm to raise resources just six months after a major increase Full story...Merlin scoping points to high-grade mine
An independent scoping study for Ivanhoe Australia Ltd’s Merlin molybdenum-rhenium deposit in Queensland has designed a decline-accessed underground operation Full story...KSM prefeasibility confirms world class
The results of a prefeasibility study for development of Seabridge Gold Inc’s KSM gold project in British Columbia have defined the “largest gold reserve in Canada”, according to the company’s president and chief executive, Rudi Fronk Full story...Finance
Iron-ore benchmark pricing ends
The era of global benchmark iron-ore price agreements came to an end this week when BHP Billiton and Vale SA broke a 40-year tradition by agreeing shorter-term contracts with Asian steel mills Full story...
Celebration in Hong Kong
Despite coinciding with the sentencing of four Chinese employees of Rio Tinto, the mood among the 700 delegates at this week’s Mines and Money conference and exhibition in Hong Kong was markedly upbeat Full story...Kenmare offer results
Kenmare Resources plc has received a take-up of 73.5% from qualified shareholders in response to a £179.6 million (US$269.9 million) open-offer fundraising for its Mozambique titanium operation Full story...Itochu to become Kalahari’s top shareholder
Major Japanese trading house Itochu Corp is to purchase a 15% stake in AIM-listed Kalahari Minerals plc through Australian subsidiary Nippon Uranium Resources Pty Ltd Full story...LIM completes financing
Anglesey Mining plc’s 50%-owned associate Labrador Iron Mines (LIM) has completed an offering of C$30 million (US$29.4 million) in common shares and C$5 million in flow-through shares Full story...Boliden inks deal with Chinese company
Swedish miner Boliden AB has signed a deal with China Minmetals Corp for the sale of US$300 million of copper Full story...Chinese gold demand expected to double in a decade
Gold demand from China, already the world’s second-largest consumer market for the metal, is expected to double within the next 10 years, says the World Gold Council Full story...Wesizwe clears Solomon, Rainey
A team of forensic lawyers and auditors have cleared Wesizwe Platinum Ltd chief executive Mike Solomon and non-executive director Robert Rainey of mismanagement and poor corporate governance Full story...Zincox gets shareholder support
ZincOx Resources plc said it has received commitments from over half its shareholders to vote against resolutions to oust six directors Full story...Mwana raises £8.8m
Mwana Africa plc has sold 88.3 million shares at £0.10/share to raise £8.83 million (US$13.25 million) Full story...Macarthur Coal shuns US$3bn Peabody bid
The board of directors of Macarthur Coal Ltd has rejected a A$3.3 billion (US$3 billion) cash bid from US coal company Peabody Energy Corp Full story...Tanzanian explorer lists on AIM
Edenville Energy plc, has listed on AIM through a reverse takeover of Gemstones for Africa plc Full story...Zijin looking at acquisitions
Zijin Mining Co is considering one or two major acquisitions this year, according to its annual report for the year to end-December 2009 Full story...Scottish Resources funding complete
Scottish Resources Group (SRG), the UK’s largest surface-mining coal producer, has secured £47.5 million (US$71.7 million) in funding, the company said Full story...Vedanta increases buy-back programme
FTSE 100 mining company Vedanta Resources plc has increased its share buy-back programme to US$500 million Full story...Temasek to invest US$100m in Platmin
Singaporean sovereign-wealth fund Temasek Holdings has agreed to buy US$100 million worth of convertible debentures in South African platinum producer Platmin Ltd as part of a larger fund-raising process Full story...Bellzone comes to market, raises US$50m
Bellzone Mining plc, which is focused on Guinean iron-ore exploration, listed on AIM on April 1 having raised US$50 million in an initial public offering Full story...Pan African buys more tailings treatment exposure
Pan African Resources plc has purchased a stake in a platinum group metals (PGM) concentrator operation, adding to its existing Phoenix development Full story...London Mining buys Colombian coking coal asset
London Mining plc has bought a Colombian coking-coal business, International Coal Company (ICC), in a deal valued at up to US$54 million at current prices, and plans to be in production by the beginning of 2011 Full story...Fifth Column
Assessing potential
Gerald Panneton estimates that during his near-30 year career as a geologist he has visited more than 300 open-pit and underground mines in various part of the world – including North America, Africa, Russia, Australia and pretty much every single one in Canada’s Abitibi Greenstone Belt Full story...Reports
Minor Metals: Chinese demand still driving prices
The China effect was particularly evident during March, as metals that they need to import such as cadmium and selenium both rose and fell in price, while others that are dependent on exports from China, such as antimony, bismuth and indium, rose. Full story...
Struggling on
2009 was a year of survival in the US mining industry as companies battled against the decline in the general economy and end-user industry sectors Full story...People and Appointments
Hegarty joins China Sci-Tech
Owen Hegarty has been appointed vice-chairman of China Sci-Tech Holdings Full story...Jinshan appoints Law
George Law has joined Jinshan Gold Mines Inc as its chief financial officer Full story...Starcore hires new chairman
Jordan Estra has been appointed as chairman and director of Starcore International Mines Ltd Full story...Johnson made president, CEO
Greg Johnson, who has acted as director since May last year, has been appointed president and chief executive of South American Silver Corp Full story...Corex appoints Vanry
Corex Gold Corp has welcomed Mark Vanry to the company’s board of directors Full story...Sirius welcomes Catlow
Chris Catlow has joined Sirius Exploration plc as its chief executive officer, effective from April 6 Full story...Weston joins Gold Fields
Gold Fields Ltd has appointed Richard Weston as executive vice-president of its Australasian region Full story...Oliver to head TanzaniteOne
Bernard Oliver will move to the position of chief executive officer at TanzaniteOne after serving as a director since November 2008. Full story...Iluka makes appointments
Wayne Osborne and Stephen Turner have been appointed as non-executive directors of Iluka Resources Ltd Full story...Pirie becomes Bison director
Bison Gold Resources Inc has appointed George Pirie to its board of directors. Full story...Site Search
Log inIssue: 02/04/2010
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
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
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Senior Hydrogeologist - Schlumberger
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