03/09/10
Mongolian company plans country’s first Hong Kong IPO
Mongolia Mining Corp plans to become the first company from the landlocked country to list on the Hong Kong stock exchange when it launches an initial public offering (IPO) later this month Full story...DRC retaliates in First Quantum feud
The government of the Democratic Republic of Congo (DRC) has retaliated against the outcry from First Quantum Minerals Ltd, after the company obeyed an order to shut its remaining operating assets in the country Full story...Mining law reviews in Africa, Australasia
South Africa’s mines minister Susan Shabangu is expected to release a review of the government’s Mining Charter shortly Full story...PotashCorp says BHPB ‘cold calls’ unethical
Potash Corporation of Saskatchewan Inc (PotashCorp) has described ‘cold calls’ by BHP Billiton to its clients as “inappropriate and highly unethical” Full story...
Production and Markets
DRC retaliates in First Quantum feud
The government of the Democratic Republic of Congo (DRC) has retaliated against the outcry from First Quantum Minerals Ltd, after the company obeyed an order to shut its remaining operating assets in the country Full story...
Mixed news at San Jose
This week has seen both positive and negative developments in the ongoing attempt to rescue the 33 miners trapped underground since August 5 at the San Jose copper-gold mine in Chile Full story...Mining law reviews in Africa, Australasia
South Africa’s mines minister Susan Shabangu is expected to release a review of the government’s Mining Charter shortly Full story...Pan Africa clamps down on illegal mining
Pan African’s costs associated with the offensive on illegal mining nearly tripled in the year, but management expected the figure to fall from the £2.7 million (US$4.1 million) reported to around £2 million this year Full story...Botswana’s dependence on diamonds highlighted by World Bank
A World Bank review of Botswana’s public expenditure has again highlighted the government’s good management of mineral wealth since diamonds were first produced in the 1970s, but says the country is now at a turning point Full story...Large stones for Rockwell
Rockwell Diamonds Inc has announced the recovery of several large diamonds (each over 50ct) from its mines in South Africa Full story...Exploration & Development
Hope Downs partners go for next mine
Rio Tinto and Hancock Prospecting Pty Ltd, partners in the Hope Downs iron-ore joint venture in Western Australia’s Pilbara region, have approved development of the Hope Downs 4 project Full story...
Konkola North partners clear development
African Rainbow Minerals Ltd (ARM) and Vale SA, 50:50 partners in the Konkola North copper project in Zambia, have given the go-ahead for construction at the site to begin Full story...Royal outlines first Razorback Ridge resource
An independent resource estimate for Royal Resources Ltd’s Razorback Ridge iron-ore prospect, part of the Red Dragon property in South Australia, has defined 277Mt of inferred resource, at an average grade of 26% Fe Full story...Vele workers laid off
Coal of Africa Ltd has reduced the workforce at its Vele coking-coal project in South Africa by 596 people so far Full story...Orosur's first Pantanillo Norte estimate
Orosur Mining Inc has received the initial resource estimate for its Pantanillo Norte porphyry gold project in the Maricunga Belt of northern Chile Full story...Tapunopaka start
PT Antam Tbk has begun operations at a the Tapunopaka nickel mine in southeast Sulawesi, Indonesia Full story...Weld Range scoping suggests viable project
An independent scoping study for development of Weld Range Metals Ltd’s namesake stainless-steel project in Western Australia has forecast a technically and economically feasible operation Full story...Kami intercepts
Alderon Resource Corp has intersected wide zones of iron-ore mineralisation in initial holes of an ongoing drilling programme at the Kamistiastusset (Kami) property in western Labrador Full story...San Marcial assays
Silvermex Resources Ltd has completed a diamond-drilling programme at its San Marcial silver property in Sinaloa, Mexico, designed to test strike and down-dip continuity of known mineralisation Full story...Kopsa results
Belvedere Resources Ltd has intersected some of the highest-grade gold-copper mineralisation found so far at the Kopsa property in Finland, according to the company Full story...Vale moves to secure Rio Colorado rail
Vale SA has agreed with Argentinian railway operator Ferrosur Roca SA to a transfer of the concession of a 756km stretch of a railway from Nequen Province to Buenos Aires Province, Argentina Full story...Tonkolili receives permits
The government and parliament of Sierra Leone have backed African Minerals Ltd’s large-scale Tonkolili iron-ore project, respectively granting and ratifying the mining licence and fiscal regime for the mine and infrastructure required Full story...Cock-Eyed assays
Ongoing drilling at Integra Mining Ltd’s Randalls gold project in Western Australia has intersected high-grade mineralisation at depth at the Cock-Eyed Bob deposit Full story...Discovery considers two Boseto options
Discovery Metals Ltd has completed a feasibility study for development of its Boseto copper-silver project in Botswana, and what it called a development plan aimed at longer-term mining potential at the project Full story...Long Halilaga hits
Fronteer Gold Inc has reported that Teck Resources Ltd intersected wide zones of gold-copper porphyry mineralisation with drilling at the joint-venture Halilaga property in Turkey Full story...Welcome intercepts
Resolute Mining Ltd’s Welcome Breccia prospect, part of the company’s Ravenswood project in Queensland, has returned high-grade gold intersections from the latest holes Full story...Cardero's long intercepts
Initial drilling results from Cardero Resource Corp’s TiTac and Longnose iron-titanium properties in Minnesota have returned long intervals of mineralisation Full story...Chunya licence
Shanta Gold Ltd has received a mining licence for its Chunya gold project from the Tanzanian government Full story...Antler extension
North Country Gold Corp has received further results from the drilling programme at its Three Bluffs gold property in Canada’s Nunavut Territory Full story...Passabem estimate
Centaurus Metals Ltd has completed a resource estimate for its Passabem iron-ore deposit in Minas Gerais, Brazil Full story...Antofagasta makes first Aussie move
Monax Mining Ltd has signed a joint-venture agreement with copper producer Antofagasta plc for Monax’s flagship Punt Hill copper-gold property in the Gawler Craton of South Australia Full story...Atlas raises north Pilbara reserves by half
A reserve estimate by Atlas Iron Ltd has increased combined reserves within four iron-ore projects in Western Australia’s Pilbara region by 50% Full story...Finance
Mongolian company plans country’s first Hong Kong IPO
Mongolia Mining Corp plans to become the first company from the landlocked country to list on the Hong Kong stock exchange when it launches an initial public offering (IPO) later this month Full story...
Philex considering investments, including Tampakan
Philex Mining Corp, the Philippines-based mining company, has said it is looking at a number of investment opportunities, locally and abroad, including the Tampakan copper-gold project Full story...Norseman production drop
Norseman Gold plc, the Western Australian gold producer, has announced a 25% drop in gold for the year to end-June as the firm decided to concentrate on the development of its third and fourth mining operations, which would lead to full utilisation of the existing plant Full story...Implats’ difficult year
Management at Impala Platinum Holdings Ltd (Implats) described the year to end-June 2010 as one of the most difficult in the firm’s history as it contended with the global financial crisis, nine fatalities in a single incident at its 14 shaft and strike action Full story...Medusa record profit
Medusa Mining Ltd, the Filipino gold producer, has reported a record full-year profit to end-June of US$65.8 million Full story...Xstrata cancels zinc
Xstrata plc has terminated a non-binding letter of intent to purchase the Noranda Income Fund after the two parties could not agree terms Full story...PotashCorp says BHPB ‘cold calls’ unethical
Potash Corporation of Saskatchewan Inc (PotashCorp) has described ‘cold calls’ by BHP Billiton to its clients as “inappropriate and highly unethical” Full story...Earnings drop at African Rainbow
African Rainbow Minerals Ltd (ARM) has reported a 26% drop in earnings to R1.7 billion (US$230 million) for the year to end-June due to a stronger rand and lower prices for the commodities its mines produce Full story...Fitzroy IPO
Icon Resources Ltd plans to conduct an initial public offering for its Fitzroy copper-zinc project in Queensland, Australia. Icon shareholders will receive a priority entitlement to a fifth of the shares sold in the A$5 million (US$4.6 million) raising Full story...African Aura considers split
To improve its valuation, African Aura Mining Inc is considering splitting its gold and iron-ore assets in west Africa Full story...China Gold adds Jiama
Vancouver-based China Gold International Resources Corp (CGI, formerly Jinshan Gold Mines) has reached an agreement to acquire Skyland Mining Ltd in a deal valued at US$743 million Full story...Rusal numbers continue to improve
UC Rusal plc has reported another half-year profit after first swinging back into the black during the second six months of 2009 Full story...Pan African resources still looking for projects
Pan African Resources Ltd said it investigated 43 projects during the year to end-June, as it continues to look at gold and platinum group metals assets to add to its portfolio Full story...Uranium One approval
Uranium One Inc has received strong shareholder support for its deal with Russia’s ARMZ Uranium Holding Co Full story...Scaw sale
Anglo American plc has hired Goldman Sachs and UBS to conduct the sales process for the international assets of Scaw Metals Group, according to the Independent on Sunday newspaper Full story...Angel Funding
Angel Mining plc has secured financing after a long negotiation process with new lenders, but will only take out a US$25 million facility, instead of the US$100 million originally announced Full story...Nalco announces interest in Indonesian coal assets
National Aluminium Company Ltd (Nalco), the Indian state-run producer, has asked for proposals from interested parties willing to sell it stakes in Indonesian coal mines Full story...Coal demand benefiting Continental
Continental Coal Ltd this week released its financial results for the year to end-June Full story...Fifth Column
Growing apart
In his weekly column, Ken Gooding notes that Bill Doyle, the chief executive of Potash Corporation of Saskatchewan Inc (PotashCorp), could hardly be more different from his counterpart at BHP Billiton, Marius Kloppers. Full story...Reports
Mining Mirror: The state is back
In his latest quarterly column, David Humphreys comments that the brouhaha surrounding Australian's 'super profits' tax has thrust to the fore the issue of the role of the state in the affairs of the mining industry. Full story...People and Appointments
Directors join Wildhorse
Wildhorse Energy Ltd has appointed Central capital markets and energy specialist Janos Csak and corporate specialist James Strauss as non-executive directors Full story...Oyj CEO
Metso Oyj, the world’s biggest maker of rock crushers, said Matti Kaehkoenen will become chief executive officer when Jorma Eloranta steps down next year Full story...Miller new GM
Affinity Gold Corp has appointed Robert Miller as the new general manager for its subsidiary in Peru Full story...Journal Team Diary
Unwelcome distraction
Marius Kloppers, chief executive of BHP Billiton, has said that while the allegations directed at a Santander employee over the mining company’s bid for Potash Corp of Saskatchewan Inc was a matter for the Spanish bank to resolve, it was nevertheless an unwelcome distraction Full story...Issue: 03/09/10
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
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