03/07/09
Uranium stocks power ahead
With analysts predicting an increased investor preference for uranium stocks, French integrated uranium and power company Areva has announced plans to sell new shares equivalent to 15% of its enlarged capital. Full story...No word on iron-ore spot pricing
The deadline for iron-ore price negotiations passed, with no indication from the world’s largest producers on what it means for the future of the benchmark system. Full story...NGOs call for Zimbabwe suspension from Kimberley Process
Non-government organisation Human Rights Watch has called for Zimbabwe to be immediately suspended from the Kimberley Process, the diamond industry’s watchdog, following the revelation of horrific human rights abuses in the country’s informal diamond mines Full story...Indonesia puts foreign divestment at 20%
Indonesia’s government has revealed through a draft regulation released last week that foreign companies will be required to divest a 5% interest per year from the fifth year of production up to a total of 20%. Full story...China jails officials for fatal landslide
A Chinese court has jailed 12 government officials for up to five years, after finding them responsible for a tailings dam failure that resulted in the deaths of 277 people last year Full story...
Production and Markets
No word on iron-ore spot pricing
The deadline for iron-ore price negotiations passed, with no indication from the world’s largest producers on what it means for the future of the benchmark system. Full story...
NGOs call for Zimbabwe suspension from Kimberley Process
Non-government organisation Human Rights Watch has called for Zimbabwe to be immediately suspended from the Kimberley Process, the diamond industry’s watchdog, following the revelation of horrific human rights abuses in the country’s informal diamond mines Full story...BHP closes parts of Perseverance mine after rock fall
BHP Billiton, the world’s biggest mining company, said parts of its Perseverance nickel mine in Western Australia are closed following a rockfall, the second such event to suspend operations this month Full story...Honduran mines active
Mining companies operating in Honduras have confirmed that their mines are operating normally despite a military coup in the Latin American country Full story...China jails officials for fatal landslide
A Chinese court has jailed 12 government officials for up to five years, after finding them responsible for a tailings dam failure that resulted in the deaths of 277 people last year Full story...Langer Heinrich to produce 5.2Mlb/y of U3O8
Paladin Resources Ltd plans to expand its Langer Heinrich uranium mine in Namibia to produce 5.2Mlb/y (2,359t/y) of U3O8 by September 2010 Full story...Second worker trapped at BHPB nickel mine
A miner was trapped for about two hours following another rockfall at BHP Billiton’s Perseverance underground nickel mine in Western Australia Full story...Norseman Gold resource upgrade
Norseman Gold plc has increased resources and reserves at its namesake operation in Western Australia by 95% and 29%, respectively Full story...Metals: minor inconsistencies
Inconsistencies continued in the minor metals markets throughout June as the metals reacted in different ways Full story...Bullion bullish
The gold price remains stubbornly under US$1,000/oz, leading many bulls of the metal to claim that there is ongoing market manipulation Full story...Nigeria is open for business
Nigeria is determined to diversify its economy away from oil, the West African country’s Vice-President Goodluck Jonathan told delegates at a meeting in Londo Full story...Coal India shortlist
Coal India Ltd has shortlisted ten companies to help develop its abandoned mines, including ArcelorMittal and Rio Tinto Full story...Exploration & Development
Sukari reaches first output
Egypt's first modern commercial gold mine poured its first gold this week, as Centamin Egypt Ltd achieved the milestone at its Sukari gold project. Full story...
Slovakian scoping points to Kuriskova prefeasibility
An independent scoping study for development of the Kuriskova uranium deposit in Slovakia has "encouraged" owner Tournigan Energy Ltd to continue work on the project, according its president and chief executive Dusty Nicol. Full story...Frieda River drilling
Highlands Pacific Ltd has released further results from its 35,000m drilling campaign at the Frieda River copper-gold project in Papua New Guinea Full story...Long Canyon discovery
Fronteer Development Group Inc has intersected more mineralisation and discovered a new gold zone at its 51%-owned Long Canyon project in Nevada. Full story...Ampella results
Ampella Mining Ltd has received assay resultsfrom the latest drilling at the Konkera main prospect at its Batie West gold project in Burkina Faso Full story...Phoenix rises
Denison Mines Ltd had reported further drilling results extending the mineralised zone at the Phoenix deposit at its 60%-owned Wheeler River uranium project in Saskatchewan Full story...Fortress intercepts
Fortress Mining Corp has released new drilling results from the Amy prospect at its wholly-owned Svetloye gold project in Russia Full story...Cowboy discovery
North American Palladium Lts has discovered a new platinum group metals zone at its Lac des Iles project near Thunder Bay, Ontario Full story...Extract increases Rossing South resource to 145Mlb
Extract Resources Ltd has increased the resource estimate for its Rossing South uranium project to a total of 145Mlb uranium Full story...East resource nearly doubles Four Mile
Alliance Resources Ltd has received an independent resource for the East deposit at its 25%-owned Four Mile uranium joint venture in South Australia. Full story...Livengood latest
Inclusion of drilling data generated during the latest programme at the Livengood gold deposit in Alaska has been included in an updated resource estimate for International Tower Hill Mines Ltd. Full story...Indago outlines Nyanzaga development
Indago Resources Ltd (formerly Western Metals Ltd) has completed a scoping study for development of its 49%-owned Nyanzaga gold joint venture in Tanzania. Full story...Primary uranium confirmed at Marenica
West Australian Metals Ltd has confirmed the presence of primary uranium mineralisation at its Marenica property in Namibia. Full story...Hackett results
Sabina Silver Corp has reported further drilling results from the first 2009 drilling programme at its Hackett River silver-zinc project in Nunavut, Canada Full story...Shafter study for Aurcana
The board of directors of Aurcana Corp has decided to commission a feasibility study for development of its Shafter historical silver mine project in Texas after receiving the results from the recent prefeasibility study. Full story...La Colosa resumption mooted
In an interview this week in Bogota, Colombia's vice minister of the environment, Claudia Mora, expressed confidence that AngloGold Ashanti Ltd would be cleared shortly to extend its exploration at the wholly-owned La Colosa project, located 150km west of the capital Full story...Magistral impact approval
Vancouver-based Inca Pacific Resources Inc has received approval for its Environmental and Social Impact Assessment (ESIA) of the Magistral copper-molybdenum project in northern Peru, 250km east of Trujillo Full story...Talisman to consider Wonmunna options
Talisman Mining Ltd will keep working on its its Wonmunna iron-ore project in Western Australia's Pilbara region having received the results of a scoping study into its development. Full story...Finance
Uranium stocks power ahead
With analysts predicting an increased investor preference for uranium stocks, French integrated uranium and power company Areva has announced plans to sell new shares equivalent to 15% of its enlarged capital. Full story...
Harmony gets Pamodzi Free State assets
HARMONY Gold Mining Co has been declared the preferential bidder for Pamodzi Gold Ltd’s Free State assets, potentially adding up to 2.5Moz of gold reserves to Harmony’s books. Full story...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 Full story...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 Full story...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 Full story...Indonesia puts foreign divestment at 20%
Indonesia’s government has revealed through a draft regulation released last week that foreign companies will be required to divest a 5% interest per year from the fifth year of production up to a total of 20%. Full story...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 Full story...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 Full story...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. Full story...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 Full story...Buka board
Cape Lambert Iron Ore Ltd has moved to replace the board of Buka Gold Ltd Full story...Hecla debt changes
Hecla Mining Co has made a prepayment of US$18.2 million to its term loan. Full story...Line and length
In a 30-minute speech that was full of cricket analogies, the chief executive of Xstrata plc, Mick Davis, this week delivered a beamer* at Anglo American Full story...Rio rights issue
Rio Tinto sold about 97%of the London listed shares on offer in a US$15.2 billion sale to reduce debt Full story...Fifth Column
Extracting value
Has Rio Tinto been up to no good as it jostles to keep a tight grip on developments at Rossing South, the world-class uranium discovery only 7km from Rio’s Rossing mine in Namibia? Full story...Reports
Booming Brazil
As the world’s second-largest iron-ore producer, Brazil relies heavily on the metal for export dollars. Many other commodities also contribute to a thriving mining sector Full story...
Russian Mining Bear
Investors receive stark reminders of the pros and cons of mining ventures in the countries of the former Soviet Union – the Commonwealth of Independent States (CIS) Full story...People and Appointments
Xstrata Coal’s Coates retires
Coal mining figure Peter Coates will retire from his position as the non-executive chairman of Xstrata plc Australia Full story...Ansteel executives join Gindalbie
Gindalbie Metals Ltd has appointed two non-executive directors to its board as representatives of its major shareholder and joint venture partner, Anshan Iron and Steel Group Corp (Ansteel) Full story...Arian appointment
David Cather was confirmed as a non-executive director of Arian Silver Corp at the company’s recent AGM Full story...Reconstitution of CRG’s board
Central Rand Gold Ltd (CRG) has reconstituted of the board of directors of its 74%-owned operating subsidiary, Central Rand Gold South Africa Pty Ltd (CRGSA) Full story...Gallagher joins Dynasty
Dynasty Gold Corp has announced that Bob Gallagher has joined its board of directors Full story...Journal Team Diary
The case of the missing gold
Here’s a conundrum: around 17,500oz of gold from the Royal Canadian Mint remains “unaccounted for” after a review by Deloitte found the discrepancy between physical stocks and stock-keeping records was not an accounting error Full story...Site Search
Log inIssue: 03/07/09
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Geologists- Senior and Junior Positions
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Mining and Metals Opportunities - Hatch
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