04/06/2010
Australian tax leads Xstrata to halt investments
As Australian Prime Minister Kevin Rudd this week reinforced his government’s commitment to the proposed Resources Super Profits Tax (RSPT or Henry Tax), Xstrata plc became the first global company to suspend investment in the country Full story...Ferrous postpones London IPO
Ferrous Resources Ltd, the Brazilian iron ore company that was preparing to raise up to US$400 million in a London initial public offering (IPO), has withdrawn from the process citing “considerable volatility in the equity markets” Full story...Global gold mine costs jump
The global average cash cost to mine gold is up by nearly 20% from last year, according to the latest Gold Mine Cost report from VM Group, Fortis Bank Nederland and Haliburton Mineral Services Full story...Zimbabwe – light at the end of the tunnel?
The Chamber of Mines of Zimbabwe hosted its 71st annual general meeting recently. The meeting drew a record number of participants (over 220) from Africa and Europe, reflecting the growing confidence of the industry that there is hope for the future in spite of so many years lost. Full story...Vales secures iron-ore price rise
Vale SA is expected to increase iron-ore prices by about 35% in the third quarter as part of pricing agreements with buyers of the steel-making material Full story...Gold Fields chooses Ramphele as chairman
Gold Fields Ltd chairman Alan Wright is set to retire from the position following the company’s next annual general meeting (AGM) on November 2 Full story...
Production and Markets
Global gold mine costs jump
The global average cash cost to mine gold is up by nearly 20% from last year, according to the latest Gold Mine Cost report from VM Group, Fortis Bank Nederland and Haliburton Mineral Services Full story...
Zimbabwe – light at the end of the tunnel?
The Chamber of Mines of Zimbabwe hosted its 71st annual general meeting recently. The meeting drew a record number of participants (over 220) from Africa and Europe, reflecting the growing confidence of the industry that there is hope for the future in spite of so many years lost. Full story...Vales secures iron-ore price rise
Vale SA is expected to increase iron-ore prices by about 35% in the third quarter as part of pricing agreements with buyers of the steel-making material Full story...Continental Coal begins production
Australia’s Continental Coal Ltd has started production at its Vlakvarkfontein mine in South Africa Full story...Equinox aim to increase output at Lumwana
Dual-listed Equinox Minerals Ltd will conduct studies at the Lumwana copper mine in Zambia for a staged expansion to increase output at the mine to 35Mt/y Full story...Australian gold production falls in March quarter
Australian gold production dropped slightly in the March quarter, research from Melbourne-based industry consultants Surbiton Associates Ltd found Full story...Gold Fields chooses Ramphele as chairman
Gold Fields Ltd chairman Alan Wright is set to retire from the position following the company’s next annual general meeting (AGM) on November 2 Full story...Eskom BHPB agree new pricing at Mozal
BHP Billiton and South African power utility Eskom have reached agreement on the amended power-supply contract for the Mozal aluminium smelter in Mozambique Full story...New World activates coke battery
New World Resources has completed a coke battery at its Czech coke subsidiary, OKK Koksovny, Europe’s largest producer of foundry coke Full story...Exploration & Development
Snowfield scoping points to US$3.4 billion mine
Capital costs for development of a major mine at Silver Standard Resources Inc’s Snowfield polymetallic project in British Columbia have been estimated at US$3.4 billion by an independent scoping study Full story...
Scoping shows Monterde outline
An independent scoping study has designed a combined underground and open-pit mining operation to exploit Kimber Resources Ltd’s Monterde gold-silver project in Mexico’s Sierra Madre district Full story...Greystar gets Angostura fillip
The Colombian Ministry of the Environment, Housing and Territorial Development has annulled its request for a new environmental impact assessment for development of Greystar Resources Ltd’s Angostura gold-silver project Full story...Gora results
Axmin Inc has received drilling results from Mineral Deposits Ltd (MDL), which is earning a 51% interest in Axmin’s tenements in Senegal Full story...Atna's Columbia potential scoped
An independent scoping study for development of Atna Resources Ltd’s Columbia gold project in Montana has outlined the potential for the deposit to support production of about 70,000oz/y of gold Full story...More from Azumah
Continued drilling at Azumah Resources Ltd’s Wa gold project in Ghana has confirmed new mineralisation outside of the resource envelopes at the known deposits Full story...Ming approval
Rambler Metals and Mining plc has received the final environmental approval for its Ming copper-gold project from the Newfoundland and Labrador government Full story...Altar intercepts
The first results from Peregrine Metals Ltd’s 2010 drilling programme at the Altar porphyry copper-gold deposit in San Juan, Argentina, have indicated the presence of long intervals of mineralisation in the chalcocite-covellite zone Full story...MRG backs IGE at Rönnbäcken
Mitchell River Group, a nickel-focused management team, has signed an agreement to help develop the Rönnbäcken project in Sweden, held by IGE Resources AB’s subsidiary LGE Nordic Full story...Riversdale's Zambeze raised to 9Gt
Riversdale Mining Ltd, developing the Benga coal joint-venture project in the Tete region of Mozambique with Tata Steel, has produced an updated resource estimate for a second, 100%-owned coal property in the region Full story...Calandrias results
Mariana Resources Ltd has intersected further wide zones of mineralisation at its Calandrias gold-silver property in southern Argentina Full story...Costello intercepts
Silver Lake Resources Ltd has confirmed the open-pit potential of the 11,200oz Costello gold deposit near its Mount Monger operations in Western Australia Full story...Minago assays
Results from Victory Nickel Inc’s winter drilling programme at the Minago nickel deposit in Manitoba have shown mineralisation in areas previously thought to be waste Full story...Sundance raises Mbalam estimate with Nabeba
An initial inferred resource estimate for the Nabeba iron-ore deposit has increased direct-shipping-grade material at the Mbalam project in Cameroon and the Republic of Congo for 85%-owner Sundance Resources Ltd Full story...Finance
Australian tax leads Xstrata to halt investments
As Australian Prime Minister Kevin Rudd this week reinforced his government’s commitment to the proposed Resources Super Profits Tax (RSPT or Henry Tax), Xstrata plc became the first global company to suspend investment in the country Full story...
Ferrous postpones London IPO
Ferrous Resources Ltd, the Brazilian iron ore company that was preparing to raise up to US$400 million in a London initial public offering (IPO), has withdrawn from the process citing “considerable volatility in the equity markets” Full story...Cape Lambert closes sale of Lady Annie
Cape Lambert Resources has completed its sale of the Lady Annie copper project in Queensland to Hong Kong-listed China Sci-Tech holdings Ltd Full story...Gold Fields loan facility
Gold Fields Ltd has secured a US$450 million revolving credit loan with nine banks, maturing in September 2013 Full story...Positive signals from South African alluvials
Trans Hex Ltd, the alluvial diamond miner, has announced a return to profit, following a year of heavy losses driven by poor markets and massive write-downs Full story...AngloGold Ashanti halts services on Orkney mines due debts
Services have been halted at Aurora Empowerment Systems’ Orkney assets in South Africa’s North West province owing to unpaid debt Full story...Global Iron plans to raise A$230 million
Australian iron-ore explorer Global Iron Ltd intends to raise A$230 million (US$196.4 million) ahead of a listing on Australia’s National Stock Exchange (NSX), the country’s smaller exchange based in New South Wales Full story...Mitsubishi arranges US$322m debt for Copper Mountain
Mitsubishi Materials Corp has arranged US$322 million in debt for the Copper Mountain copper project in British Columbia Full story...Rusoro results
Rusoro Mining Ltd expects to produce 142,000oz in 2010 from its Choco Mine and 50% stake in the Isidora mine, both in Venezuela Full story...Chalice Gold raising
Chalice Gold Mines Ltd has agreed to sell shares to raise A$9.1 million (US$7.5 million) Full story...Goldcorp sells Mexican project
Goldcorp Inc has agreed the sale of the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp for US$500 million in its second major deal in recent months Full story...Zhaojin acquires Baiyun gold mine
Zhaojin Mining Industry Ltd plans to purchase a 55% stake in the Baiyun gold mine in Guangzhou, China, from Fengcheng Gold Group for Yu200 million Full story...Poseidon seeks Chinese investors
Australian exploration company Poseidon Nickel Ltd is in talks with potential Chinese investors to fund a restart in mine production within the next two years Full story...Severstal boosts stake in High River Gold, gets board seats at Crew
OAO Severstal’s gold subsidiary has purchased more shares in High River Gold Mines Ltd from an affiliate of Russian investment bank, Troika Dialog Full story...Cazaly financing
Cazaly Resources Ltd has initially agreed a financing facility and offtake arrangement covering its Parker Range iron-ore project in Yilgarn, Western Australia Full story...Fifth Column
Potash poser
So Dmitry Rybolovlev wants to sell part of his 65.5 % stake in OAO Uralkali, the world’s biggest publicly-traded, pure-play potash producer. It also owns half of the Belarusian Potash Co, which claims to control 29% of the global market for the nutrient Full story...Reports
Minor Metals: Quiet times
With the notable exception of mercury, and to a lesser extent selenium, the prices for minor metals eased during May, although still remaining at relatively high levels Full story...
Safe harbour
Investors are increasingly turning to silver as a safe haven against sovereign debt risks Full story...Site Search
Log inIssue: 04/06/2010
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
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
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