05/02/10
Southern African nationalisation on agenda
The nationalisation of mines in Zimbabwe and South Africa were the hottest topics at this week’s Mining Indaba conference in Cape Town Full story...Rapaport leaves Diamond Council in lurch
Despite tighter regulations, severe human-rights violations remain commonplace in the Zimbabwean diamond trade, according to Martin Rapaport, chairman of the Rapaport Group, whose diamond report is the primary source of diamond pricing. Full story...Billionaire banks on Chinese investors
Billionaire Australian Clive Palmer is spearheading what could become the biggest IPO by a mining company since 2007, Bloomberg reports Full story...Iron ore negotiations begin
This year’s price negotiations between Chinese steel mills and the world’s largest iron-ore producers are said to have started in Singapore Full story...First Uranium reviewing strategic alternatives
First Uranium Corp says that while it is optimistic a recently-withdrawn environmental permit will be reinstated, the decision had already disrupted certain well-advanced funding opportunities Full story...Ambrian sets up private-equity business
Ambrian Capital plc has set up a private-equity business in partnership with a team of three former Glencore executives. Full story...Hajigak tender process may reopen
The bidding process on Afghanistan’s Hajigak iron-ore deposit is set to restart after the initial process was described by a Finance Ministry official this week as being “not transparent”. Full story...
Production and Markets
Rapaport leaves Diamond Council in lurch
Despite tighter regulations, severe human-rights violations remain commonplace in the Zimbabwean diamond trade, according to Martin Rapaport, chairman of the Rapaport Group, whose diamond report is the primary source of diamond pricing. Full story...
New World secures higher coking coal prices
New World Resources NV (NWR) has announced an 18% increase in contracted coking coal prices during the first quarter. Full story...Norilsk production fall
MMC Norilsk Nickel produced 6% less nickel in the year to end-December than a year earlier. Full story...Sudbury workers agreement
A new agreement has been signed between Xstrata plc and workers at its mine, mill and smelter operations at Sudbury in Canada Full story...Petra names diamond
A 507ct diamond discovered by Petra Diamonds Ltd last year has been called The Cullinan Heritage Full story...Partner for TanzaniteOne
TanzaniteOne Ltd has formed a partnership with Hohoemi Brains Inc, a Japanese diamond cutter and jewellery manufacturer to establish a common cutting and marketing concept for lighter-coloured tanzanite. Full story...Rapaport resigns
Despite tighter regulations, severe human-rights violations remain commonplace in the Zimbabwean diamond trade, according to Martin Rapaport, chairman of the Rapaport Group, whose diamond report is the primary source of diamond pricing. Full story...Kolwezi goes to arbitration
First Quantum Minerals Ltd has started international arbitration over the cancellation of its Kolwezi project in the Democratic Republic of Congo. Full story...Iron ore negotiations begin
This year’s price negotiations between Chinese steel mills and the world’s largest iron-ore producers are said to have started in Singapore Full story...Exploration & Development
Nkwe outlines Garatau feasibility numbers
Initial numbers from a feasibility study examining deveopment of Nkwe Platinum Ltd's Garatau platinum group metals (PGM) project on the eastern limb of South Africa's Bushveld Igneous Complex suggest an underground mine could operate for more than 40 years. Full story...
Tocantinzinho scoping update
Brazauro Resources Corp has received an updated independent scoping study for the Tocantinzinho gold deposit in Brazil, raising forecast gold output. Full story...MDN to take Anita to the next level
MDN Inc will invest more money to complete a feasibility study for development of the Anita tantalum-niobium deposit in Quebec after receiving a positive scoping study from consultant Met-Chem. Full story...London outlines Marampa tailings estimate
Consultant Snowden has produced an independent resources estimate for the tailings at London Mining plc's Marampa iron-ore project in Sierra Leone. Full story...Interim Kvanefjeld results suggest development route
Greenland Minerals and Energy Ltd (GME) has outlined a potentially economic processing route for its large Kvanefjeld polymetallic deposit in Greenland, though it concedes that under the country's regulations such deposits cannot be mined. Full story...Nassara intercepts
Scout drilling at Volta Resources Inc's Nassara gold property in southwest Burkina Faso has intersected results that the company said support interpretation of data generated from a trenching programme. Full story...Rio Tinto interested in DRC iron
Building on their diamond exploration joint ventures agreed last year, Rio Tinto and BRC Diamondcore Ltd have sealed an iron-ore exploration joint venture for the latter's properties in the north east of the country. Full story...Gahcho Kué update
Mountain Province Diamonds Inc (MPD) has received a draft project description of the Gahcho Kué diamond project in Canada's Northwest Territories from joint-venture parter De Beers. Full story...Tulu Kapi study
Nyota Minerals Ltd (previously Dwyka Resources Ltd) has received a preliminary assessment (as defined by Canada's National instrument 43-101) for development of its Tulu Kapi gold project in Ethiopia from consultant Venmyn Rand Pty Ltd. Full story...More from Mascota
Ventana Gold Corp is continuing to intersect wide zones of high-grade gold mineralisation at the Mascota gold prospect, part of its Bodega property in Colombia. Full story...Lost results
Remaining assays from drilling completed last year at Halo Resources Ltd's Cold and Lost base-metals properties in Manotiba indicate mineralisation at the Lost zone extends for 400m, according to Halo. Full story...Haquira intercepts
Near-surface secondary copper mineralisation has been comfirmed at the Cristo de los Andes prospect at the Haquira copper-molybdenum-gold property in Preu, according to owner Antares Minerals Inc. Full story...Airstrip intercepts
Botswana Metals Ltd has intersected a high-grade copper zone with drilling at its Airstrip property in Botswana. Full story...Vele authorisation
Coal of Africa Ltd has received the new order mining right for its 80%-owned Vele coking-coal project in South Africa, and also for the Holfontein coal project, subject to the receipt of additional documents by the Department of Mineral Resources. Full story...More from Cerro Moro
Exeter Resource Corp reports that further drilling at its Cerro Moro gold-silver property in Santa Cruz, Argentina, has continued to intersect high-grade mineralisation. Full story...Rocklands update
The latest round of drilling at CuDeco Ltd's Rocklands copper property in Queensland has intersected futher wide zones of mineralisation. The drill cores showed abundant native copper in sections. Full story...Rattlesnake Hills results
Results from drilling at Evolving Gold Corp's Rattlesnake Hills gold property in Wyoming were interpreted to indicate higher-grade mineralisation extends around an intrusive plug near the centre of a diatreme. Full story...Pine Grove intercepts
Confirmation drilling at Lincoln Mining Corp's Pine Grove gold property in Nevada has intersected wide zones of mineralisation at the Wilson area of the licence. Full story...Eagle's Nest assays
Noront Resources Ltd has received the final assays from a drilling programme completed at its Eagle's Nest polymetallic property in Ontario last year, with wide intercepts of high-grade nickel-copper-platinum-group metals mineralisation. Full story...Firestone outlines Smitspan plan
Firestone Energy Ltd has released highlights from a prefeasibility study for development of the Smitspan coal resource in South Africa's Waterberg region. Full story...Kapok intersections
Meridian Minerals Ltd said each of the first eight holes of a drilling programme designed to extend the Kapok West base-metals deposit in Western Australia have intersected high-grade mineralisation. Full story...Northern Dynasty boosts Pebble
Northern Dynasty Minerals Ltd reports that the Pebble Limited Partnership (PLP) has produced a new resource estimate for the large-scale Pebble copper-gold-molybdenum porphyry deposit in Alaska. Full story...Waratah adds North Alpha to Queensland resources
Privately-held Waratah Coal has doubled the resource estimate for its coal projects with a 3,500Mt deposit at the North Alpha property in Queensland’s Galilee Basin Full story...WA iron-ore co-operation
Two of the major iron-ore developers in the Mid West region of Western Australia are to share their infrastructure and mine services Full story...Finance
Southern African nationalisation on agenda
The nationalisation of mines in Zimbabwe and South Africa were the hottest topics at this week’s Mining Indaba conference in Cape Town Full story...Mukuba IPO
Mukuba Resources Ltd plans to raise C$10 million (US$9.5 million) in its initial public offering on the TSX Venture Exchange. Full story...Implats earnings drop
Impala Platinum Holdings Ltd says earnings and headline earnings per share for the six months to end-December 2009 fell by 76% due to lower metals prices. Full story...White knight for Khan
Khan Resources Inc has entered into a definitive agreement with Chinese nuclear-energy company CNNC Overseas Uranium Holding Ltd Full story...Vaaldiam targeted
Investor Michael Bailey has made a hostile bid for all outstanding shares of Canada-based diamond-mining and exploration company Vaaldiam Resources Ltd Full story...Commitment to Equinox
Equinox Minerals Ltd has secured commitments from four leading commercial banks to provide a new corporate loan facility Full story...Grant Thornton expects 'mining bonanza'
Mining companies are expected to raise record amounts in 2010, according to a Grant Thornton study. Full story...Bernard Swanepoel takes on platinum project
Village Main Reef Gold Mining Co Ltd has proposed taking a controlling stake in unlisted Lesego Platinum Ltd in an equity deal valued at R411 million (almost 206 million shares at R2 each) (US$55 million) Full story...Metorex raises funds for growth and expansion
Copper miner Metorex Ltd is embarking on a US$100 million equity raising while refinancing its debt facility Full story...Optimum Coal to list in Johannesburg
Optimum Coal Holdings Ltd plans to list and raise capital in Johannesburg, about two years after purchasing its core South African coal asset, Optimum Collieries, from BHP Billiton Full story...Billionaire banks on Chinese investors
Billionaire Australian Clive Palmer is spearheading what could become the biggest IPO by a mining company since 2007, Bloomberg reports Full story...Rusina accepts takeover bid
The directors of Rusina Mining NL have unanimously recommended that shareholders accept a proposed merger with European Nickel plc. Full story...First Uranium reviewing strategic alternatives
First Uranium Corp says that while it is optimistic a recently-withdrawn environmental permit will be reinstated, the decision had already disrupted certain well-advanced funding opportunities Full story...Ambrian sets up private-equity business
Ambrian Capital plc has set up a private-equity business in partnership with a team of three former Glencore executives. Full story...Hajigak tender process may reopen
The bidding process on Afghanistan’s Hajigak iron-ore deposit is set to restart after the initial process was described by a Finance Ministry official this week as being “not transparent”. Full story...Fifth Column
African Dust
Brad Sampson says: “I know it’s a generality, but it seems most Australians see Africa as one, scary country, rather than as a group of countries that can be very different from one another.” Full story...Reports
Indaba Report
Analysts at Mining Indaba agree that metals prices are set to increase this year and beyond. Blake Wilshaw reports from Cape Town that this positive news made for a conference with higher spirits than in 2009 Full story...
Crazy for Colombia
One of the world’s biggest gold producers in Spanish colonial times, Colombia hopes to attract US$49 billion in mining and energy investment over the next five years. This objective is mooted as soldiers win back mineral-rich areas once under the control of paramilitaries and cocaine-smuggling leftist rebels Full story...RBC view: The Final Push
Our position on the platinum-group metals (PGMs) over the past two years has been consistent. Juniors offer better value than the majors. Full story...People and Appointments
BHPB retirees
BHP Billiton has announced that Paul Anderson and Gail de Planque have retired from the board Full story...
New director at Troy
David Dix has been appointed as a non-executive director on the board of Troy Resources NL Full story...Zamin CEO appointed
Zamin Ferrous has hired Tony Cau as chief operating officer, effective on February 1 Full story...Uranium International CEO resigns
Marek Kreczmer has resigned as chief executive officer and member of the board of resource exploration firm Uranium International Corp Full story...Banking renaissance
Renaissance Capital has hired Roger Murphy, formerly of Canaccord, to head its metals and mining sales division Full story...Trans Hex director goes
Executive director of finance Graham Muller has resigned from the board of Trans Hex Group Ltd to pursue other opportunities Full story...Journal Team Diary
Redeemer renovation
In the coming months, visitors to one of the world’s best known landmarks, Christ the Redeemer in Rio de Janeiro, will notice that the monument has a new look. Full story...Site Search
Log inIssue: 05/02/10
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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