02/10/09
Fortin resigns from Gécamines
Paul Fortin has relinquished his position as chief executive of La Générale des Carrières et des Mines (Gécamines), the state-owned mining company of the Democratic Republic of the Congo, after a near four-year stint in the top job Full story...Gilbertson joins OMH with Tshipi move
OM Holdings Ltd is set to become one of the world’s largest manganese producers, after purchasing a major stake in South Africa’s Tshipi Kalahari project, in a A$245 million (US$215 million) deal with existing owners, including former BHP Billiton chief Brian Gilbertson Full story...Shenzhen makes strong showing in financial centre survey
The Chinese city of Shenzhen has emerged as fifth-highest city in the recent Global Financial Centres Index report, which ranks centres on their attractiveness to investment. Full story...Protestor dies near Hudbay’s Guatemala project
Hudbay Minerals Inc says it remains committed to the development of its Fenix nickel laterite project in Guatemala, despite violence involving protesters near its project which resulted in a death and several injuries Full story...
Production and Markets
Petra discovers 507.6ct diamond
Petra Diamonds Ltd has produced a 507.6ct diamond from the famous Cullinan mine in South Africa, which may sell for more than US$20 million Full story...
Boddington online and on track to become Australia’s top gold mine
Newmont Mining Corp has poured the first gold from its 1Moz/y Boddington gold mine in Western Australia, signalling the recommencement of production from what is scheduled to become Australia’s largest gold mine Full story...Anglo chief warns coal jobs at risk
Anglo America plc chief executive Cynthia Carroll has warned that the company could cut up to 2,000 jobs from its Australian coal mines under the government’s proposed Carbon Pollution Reduction Scheme Full story...Norseman Gold expansion is OK
Norseman Gold plc is planning an expansion of its namesake mine in Western Australia after a pre-feasibility study on the OK decline showed an additional 55,000oz could be recovered over two years Full story...DRDGold strike action continues
Strike action at DRDGold Ltd’s South African operations ran into a third week on Wednesday as wage talks remained unresolved Full story...De Beers cancels shutdown at Snap Lake
De Beers Group says it has cancelled the planned four-week winter production shutdown at its Snap Lake mine in Canada’s Northwest Territories as the diamond market continued to show improvement Full story...Exploration & Development
Study finds Fuwan feasible
Minco Silver Corp has received a positive feasibility study for development of its Fuwan silver project in Guangdong province, southeast China Full story...
Constancia feasibility study complete for Norsemont Mining
An independent feasibility study has designed a US$994 million plan for the development of Norsemont Mining Inc’s Constancia copper-molybdenum-silver-gold project in Peru Full story...Integra identifies Salt Creek ‘feeder’
Integra Mining Ltd is confident it has found the “feeder structure” to the Salt Creek gold deposit, part of its Randalls project in Western Australia Full story...Volta Grande has 200,000oz/y gold potential
Toronto-based Verena Minerals Corp has outlined a possible 10-year gold operation at its Volta Grande project in Brazil following the completion of a positive scoping study Full story...Alkane assays
Alkane Resources Ltd has received further results from drilling at its McPhillamys gold prospect, part of the Moorilda gold joint venture with Newmont Mining Corp in New South Wales Full story...Hackett River results
Sabina Silver Corp has received assay results from drilling at its Hackett River silver-zinc project in Canada’s Nunavut Territory Full story...African Consolidated wins Marange court battle
African Consolidated Resources plc has received a positive judgement from the Zimbabwe High Court confirming the company’s title over the Marange diamond field Full story...Palladon Ventures heads for feasibility at Iron Mountain project
Results from an independent scoping study for the development of Palladon Ventures Ltd’s Iron Mountain iron-ore project in Utah have convinced the company to fund a feasibility study Full story...Dynasty metals pours first gold at Zaruma project
Dynasty Metals & Mining Inc has achieved the first gold pour from its Zaruma project in Ecuador, which it said was the first modern gold-mining operation in the country Full story...Teck's Turkish transactions
Teck Resources Ltd has agreed to earn a 51% interest in Stratex International plc’s Hasançelebi gold property in Turkey Full story...Dargues reef study
Cortona Resources Ltd’s Dargues Reef gold deposit, part of the company’s Majors Creek project in New South Wales, Australia, could produce 40,000-50,000oz/y, according to an independent scoping study Full story...Kryso results
Kryso Resources plc has announced the latest drilling results from its Pakrut gold project in Tajikistan Full story...Kirkland Lake hits
Further holes testing a new discovery at Kirkland Lake Gold Inc’s South Mine Complex, at Kirkland Lake in Ontario, have confirmed the geometry of the mineralised zone, called the Lower SMC Full story...Grampian assays
Scotgold Resources Ltd has discovered a zone of breccia-hosted gold-silver mineralisation at its Grampian property in Scotland Full story...Tala Hamza drop
Terramin Australia Ltd has revised the capital cost for a planned expansion to the proposed Tala Hamza zinc project at the 75%-owned Oued Amizour property in Algeria Full story...Kingsgate assays
Kingsgate Consolidated Ltd has released further drilling results from mineralisation outside the current planned open pit at its Chatree North gold project in Thailand Full story...Thunderball uranium
Crocodile Gold Inc has announced reverse-circulation drill results, undertaken by its joint venture partner Thundelarra Exploration Ltd, from the Thunderball uranium project in the Northern Territory Full story...Conduit discovery
PC Gold Inc said it has discovered a new gold zone in the Albany Shaft portion of its Pickle Crow project in Ontario Full story...Protestor dies near Hudbay’s Guatemala project
Hudbay Minerals Inc says it remains committed to the development of its Fenix nickel laterite project in Guatemala, despite violence involving protesters near its project which resulted in a death and several injuries Full story...Ghanzi intercepts
Hana Mining Ltd has completed additional reverse-circulation drilling at its Ghanzi sediment-hosted copper deposit in Botswana Full story...2009 global exploration budget expected to fall by 40%
Global exploration budgets are expected to fall by 40% to US$8.4 billion in 2009 reflecting the effects of the global recession Full story...Finance
Fortescue misses deadline on financing deal
Fortescue Metals Group Ltd has missed the deadline for its proposed US$6 billion financing with Chinese financiers Full story...
Gilbertson joins OMH with Tshipi move
OM Holdings Ltd is set to become one of the world’s largest manganese producers, after purchasing a major stake in South Africa’s Tshipi Kalahari project, in a A$245 million (US$215 million) deal with existing owners, including former BHP Billiton chief Brian Gilbertson Full story...Nyrstar makes more mining purchases
Belgium-based mining and smelting company Nyrstar NV made two acquisitions this week, in accordance with its plan to boost its self-sufficiency, buying a 19.9% stake in zinc-lead explorer Ironbark Gold Ltd and 85% of a project owned by zinc-lead-gold developer Gold Hawk Resources Inc Full story...Felix unbundles South Aust coal
Felix Resources Ltd will spin out its South Australian coal (SAC) business, via a one-for-one distribution of shares to existing holders, and list the new company on Australia’s stock exchange Full story...Funding hope for lynas’ Mount Weld rare-earths project
Lynas Corp plans to raise A$450 million (US$397 million) for the development of its flagship rare-earths project, after its Chinese backer pulled out of a funding and investment deal Full story...Osisko secures C$150m loan facility
Osisko Mining Corp has announced a C$150 million loan for the development of its Malartic gold project in Quebec Full story...Metorex sells fluorspar assets
Metorex Group Ltd has agreed to sell its 55% stake in the Vergenoeg fluorspar mine for US$60 million to Minerales Y Productos Derivados SA (Minersa) as it continues shedding assets to pay down debt on its Ruashi copper project in the Democratic Republic of the Congo Full story...CAMEC posts big loss on output stoppage
Central African Mining & Exploration Co plc (CAMEC), currently earmarked for acquisition by Eurasian Natural Resources Corp plc (ENRC), posted a US$411 million loss in the year ended June 30, after stopping production in response to the drop in commodity prices Full story...Apex rights issue to fund Wiluna improvement and clear debt
Western Australian gold producer Apex Minerals NL has announced a fully-underwritten rights issue to raise A$109 million (US$94 million), clearing the company’s debt and leaving it with about A$40 million for growth opportunities. Full story...Shenzhen makes strong showing in financial centre survey
The Chinese city of Shenzhen has emerged as fifth-highest city in the recent Global Financial Centres Index report, which ranks centres on their attractiveness to investment. Full story...Trans-Siberian gold secures Asacha funding
Trans-Siberian Gold plc has secured the final US$25 million in funds needed to bring its Asacha project in Far East Russia into production (pictured) Full story...Fifth Column
Rare-earths enthusiast
Mark Smith is explaining why, when he wakes up every morning, he just can’t wait to get on with his work as chief executive of Molycorp Minerals LLC. He says: “I’m not doing it for the money. It’s for my children. And for other people’s children.” Full story...Reports
Mining visuals: how times have changed
In the globalised world of the early 21st century, the cover of an annual report is very much the public face of a company. The company’s entire identity, brand and the values it stands for should be reflected on the cover. Full story...
Copper fights back
In the wake of the global financial collapse in the second half of 2008, the base-metals industry has struggled to find equilibrium and a way forward Full story...Focus
Minor metals still going strong
With the exception of cobalt, the minor metals mostly continued to strengthen throughout the month of September Full story...People and Appointments
Fortin resigns from Gécamines
Paul Fortin has relinquished his position as chief executive of La Générale des Carrières et des Mines (Gécamines), the state-owned mining company of the Democratic Republic of the Congo, after a near four-year stint in the top job Full story...Western Copper board change
Western Copper Corp has announced the appointment of Robert Byford as a director. He replaces Ross Beaty Full story...Linear appoints COO
Linear Gold Corp has announced the appointment of Mike Sylvestre as chief operating officer of the company Full story...Adanac new President and CEO
Paul Nelson has been appointed president and chief executive officer of Adanac Molybdenum Corp Full story...Fortescue appoints new CFO
Fortescue Metals Group has announced that Fiona Barclay has been appointed chief financial officer (CFO) after the resignation of Michael Minosora Full story...True North new advisers
True North Gems announced that Jeff Giesbrecht and Warren Boyd have been appointed to the company’s advisory board. Full story...UniCredit adds to mining team
UniCredit has hired two new members to its global mining team in Munich, Michael Jones and Richard Lewis. Full story...SouthGobi appoints CEO
Gavin May has been appointed chief operating officer of SouthGobi Energy Resources Full story...New COO at Uranium Star
Julie Lee Harrs has been appointed president and chief operating officer of Uranium Star Corp and will join the board immediately Full story...New Colossus COO
Colossus Minerals Inc has announced the appointment of Randy Reichart as chief operating officer of the company, effective September 24 Full story...Nevada CFO resigns
Nevada Exploration Inc (NGE) has announced the resignation of Randy Koroll, its chief financial officer Full story...Site Search
Log inIssue: 02/10/09
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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Senior Hydrogeologist - Schlumberger
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