04/09/09
Battle brewing at Buffelsfontein
SIMMER & Jack Mines Ltd has warned that it may have to halve the staff at its largest gold mine to combat a declining rand-based gold price and climbing costs. The Buffelsfontein operation in South Africa employs over 5,400 people, and up to 2,500 jobs are at immediate risk. Full story...Coals from Newcastle crisis
A plan to increase efficiency at the port of Newcastle in New South Wales has been thrown into doubt after the Australian Competition and Consumer Commission (ACCC) scrapped its approval. Full story...Grupo Mexico wins judge’s favour in Asarco bid
A US bankruptcy court judge has recommended creditors accept Grupo Mexico SAB’s bid for Asarco LLC, over a competing offer backed by Vedanta Resources plc. Full story...Quebec the safest region for mining investment
A survey conducted by Perth-based ResourceStocks magazine (an affiliate publication of Mining Journal) has found Quebec to be the safest place to spend mining and exploration dollars Full story...First Quantum to fight Kolwezi denial
First Quantum Minerals Ltd has refuted the grounds on which the government of the Democratic Republic of the Congo (DRC) revoked its licence for the Kolwezi copper-cobalt tailings project. Full story...
Production and Markets
Battle brewing at Buffelsfontein
SIMMER & Jack Mines Ltd has warned that it may have to halve the staff at its largest gold mine to combat a declining rand-based gold price and climbing costs. The Buffelsfontein operation in South Africa employs over 5,400 people, and up to 2,500 jobs are at immediate risk. Full story...
Coals from Newcastle crisis
A plan to increase efficiency at the port of Newcastle in New South Wales has been thrown into doubt after the Australian Competition and Consumer Commission (ACCC) scrapped its approval. Full story...Quebec the safest region for mining investment
A survey conducted by Perth-based ResourceStocks magazine (an affiliate publication of Mining Journal) has found Quebec to be the safest place to spend mining and exploration dollars Full story...WA mine safety
Western Australia’s government will implement a new mine safety programme designed to reduce the number of fatalities Full story...African adventure
“Something challenging every year.” Mark Bristow was talking about holidays with his two sons but could be mistaken for describing corporate strategy as chief executive officer of Randgold Resources Ltd Full story...Harmony halts talks on Pamodzi Free State mines
Harmony Gold Mining Co Ltd has halted plans to buy the Free State mines of Pamodzi Gold Ltd, after it emerged a higher bid could have been offered Full story...Return of the 'D' word
Mining is a dumb industry. We have decades of evidence attesting to the fact that this is a highly cyclical business, yet every time the cycle turns, the industry is seemingly taken by surprise Full story...Simmers may cut half of workers at largest gold mine
Simmer & Jack Mines Ltd has warned that it may have to halve the staff at its largest gold mine to combat a declining rand-based gold price and climbing costs Full story...Lumwana obligation cut
Equinox Minerals Ltd has paid US$12.8 million to cancel the final remaining obligation to the previous owner of its Lumwana copper mine in Zambia Full story...Rusoro closer to big production profile
Venezuelan gold producer Rusoro Mining Ltd had its highest-ever gold production, at a record-low cost per ounce, for the three months to June 30, which president George Salamis said was attributable to small but crucial changes on site Full story...Exploration & Development
Paredones Amarillos costs reduced for Vista
An independent review of the feasibility study for development of Vista Gold Corp’s Paredones Amarillos gold project in Baja California Sur, Mexico, has concluded that both capital and cash operating costs could be reduced Full story...
Tiomin hopes to end Kwale saga
After a year of negotiations, Tiomin Resources Inc and Jinchuan Group Ltd have signed a conditional deal that Tiomin hopes will allow the Kwale mineral sands project in Kenya finally to proceed Full story...First Nations misunderstanding ‘disappointing’: Osisko
OSISKO Mining Corp said development of its 6.28Moz Canadian Malartic gold project in Quebec was on schedule, despite media reports of setbacks due to issues raised by indigenous stakeholders Full story...First Quantum to fight Kolwezi denial
First Quantum Minerals Ltd has refuted the grounds on which the government of the Democratic Republic of the Congo (DRC) revoked its licence for the Kolwezi copper-cobalt tailings project. Full story...More from Livengood
International Tower Hill Mines Ltd (ITH) has received more drilling results at its Livengood gold deposit in Alaska Full story...More from Svetloye
Drilling at Fortress Minerals Corp’s Svetloye gold property in Russia has intersected more mineralisation Full story...Shambesai intercepts
Infill drilling is continuing at the Shambesai prospect, part of Manas Resources Ltd’s Isfairamsai gold property in the Kyrgyz Republic Full story...Spinifex Ridge progress
The Port Hedland Port Authority has confirmed that Moly Mines Ltd’s proposed iron-ore project at Spinifex Ridge, Western Australia, could export from the planned Utah Point site Full story...Mindoro resource doubled for Intex
Continued resource infill drilling by Intex Resources ASA at its Mindoro lateritic nickel-cobalt project in the Philippines has produced a boost in measured and indicated resources of 115% to 1.7Mt of contained nickel Full story...Toro improves Wiluna with update
Toro Energy Ltd has received a review of the prefeasibility study completed last year for development of its Wiluna uranium project in Western Australia, reducing capital and operating costs Full story...Thunderball assays
Reverse-circulation drilling at the Thunderball uranium property in Australia's Northern Territory has returned "exceptional" results according to Thundelarra Exploration Ltd Full story...Zone 3 find
Extract Resources Ltd has confirmed the discovery of a new zone (Zone 3) of mineralisation at the Rossing South uranium property in Namibia Full story...Segilola intercepts
CGA Mining Ltd, earning a 51% interest in the Segilola gold property in Nigeria, has intersected further mineralisation, and has retained a consultant to prepare a resource estimate Full story...Inca results
Deep Yellow Ltd reports that drilling at the Inca prospect, part of its Tubas uranium property in Namibia, has continued to intersect wide, well-mineralised zones Full story...Lamelee-Peppler estimate
Consolidated Thompson Iron Mines Ltd has received an independent resource estimate for the Lamelee iron-ore deposit in northeast Quebec, outlining 642Mt in the indicated category Full story...Finance
Grupo Mexico wins judge’s favour in Asarco bid
A US bankruptcy court judge has recommended creditors accept Grupo Mexico SAB’s bid for Asarco LLC, over a competing offer backed by Vedanta Resources plc. Full story...
Thunder Creek owners to merge
Lake Shore Gold Corp has made a C$319 million (US$294 million) friendly bid for West Timmins Mining Inc, to consolidate the companies’ mines and projects in Canada’s Timmins West gold system Full story...MCC planning massive Hong Kong IPO
Plans are being made for a huge initial public offering (IPO) in China. Bloomberg reports that Metallurgical Corp of China Ltd (MCC) and a state pension fund are preparing to raise up to US$2.3 billion in Hong Kong and Shanghai. Full story...Break fee dispute
George Forrest International Afrique SPRL (GFI) is reportedly disputing Forsys Metals Corp’s claims to a C$20 million (US$18 million) break fee resulting from a failed merge Full story...Soros into Marengo
Marengo Mining Ltd has completed the second stage of its A$21.7 million (US$18 million) capital raising, through a share placement in Australia raising A$5.4 million Full story...Loan to fund Esperanza project
Trading firm Marubeni Corp and its partners will borrow US$650 million from a syndicate of Japanese lenders to fund the acquisition and development of two Chilean copper projects Full story...Extract stake
Kalahari Minerals plc has conditionally raised £20 million (US$32 million) (before expenses) via a placing with new and existing shareholders Full story...Moly relief
Moly Mines Ltd has revamped its debt facility and is seeking to raise at least US$25 million for its Spinifex Ridge project in Western Australia Full story...AngloGold offering
AngloGold Ashanti Ltd will fund its purchase of a 50% indirect stake in Moto Goldmines Ltd via the issuance of 7.8 million new shares and American depositary receipts Full story...Fifth Column
From friends to foes
How embarrassing for mining entrepreneur George Forrest. The growth strategy he mapped out for his Forrest Group has suffered a severe setback. Full story...Reports
Golden outlook
Investment demand for gold remains near record levels as investors worldwide continue to buy large volumes of the metal. Full story...
Iranian promise
Iran is exceptional in terms of its mineral diversity, and ranks among the world’s leading 15 mineral-rich countries Full story...Focus
Minor metals taking turns
The various minor metals, particularly those influenced by supply and/or demand from China, have been taking it in turn to experience high levels of activity, leading to increased prices Full story...People and Appointments
Yamana director
Yamana Gold Inc has named Alex Davidson as a director of the company Full story...Riversdale African appointments
Riversdale Mining Ltd has made several new appointments to its senior executive team in South Africa and Mozambique Full story...BHPB energy-coal chief
Jimmy Wilson has been appointed president of BHP Billiton’s energy-coal division Full story...China expertise for Kazakhmys
Kazakhmys plc has appointed Clinton Dines (pictured) as an independent non-executive director Full story...CoAL’s ArcelorMittal representative.
Hendrik Verster has been named as ArcelorMittal’s representative on the board of Coal of Africa Ltd Full story...Canadian Shield president
Canadian Shield Resources Ltd has chosen Keith Laskowski as president of the company Full story...Site Search
Log inIssue: 04/09/09
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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Opportunities for Senior & Principal Level Consultants - SRK
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Senior Hydrogeologist - Schlumberger
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