05/06/2009
Kimberley founding member quits
Ian Smillie, a founding member of the Kimberley Process and driving force behind diamond industry non-government organisation Partnership Africa-Canada, has stepped down over what he says is the pretence by Kimberley Process members that failure is success. Full story...Venezuela investigates Anglo mine
Venezuela’s authorities have said they will start an investigation into alleged health and environmental damage at Anglo American plc’s Loma de Niquel nickel mine. Full story...Harmony struggles with illegal miners
Harmony Gold Mining Company Ltd confirmed as Mining Journal went to press that the death toll of illegal miners from its Eland shaft had reached 76, but the true extent of the incident and whether or not more bodies would be found remained uncertain. Full story...
Comment
Who can stop the runaway train?
Letter to the Editor: I read with interest your comment entitled The runaway train (Mining Journal May 15). Full story...Production and Markets
Australian gold production strengthens
Australian gold production rose in the March quarter, and is set to rise further this year as new mines enter production, Melbourne-based mining consultancy Surbiton Associates has reported. Full story...
Kimberley founding member quits
Ian Smillie, a founding member of the Kimberley Process and driving force behind diamond industry non-government organisation Partnership Africa-Canada, has stepped down over what he says is the pretence by Kimberley Process members that failure is success. Full story...Venezuela investigates Anglo mine
Venezuela’s authorities have said they will start an investigation into alleged health and environmental damage at Anglo American plc’s Loma de Niquel nickel mine. Full story...Challenging times
Phil Halliday interviews Brett Thompson, chief executive of Pangea DiamondFields Full story...Harmony struggles with illegal miners
Harmony Gold Mining Company Ltd confirmed as Mining Journal went to press that the death toll of illegal miners from its Eland shaft had reached 76, but the true extent of the incident and whether or not more bodies would be found remained uncertain. Full story...Hong Kong easing
Work is under way to make access to the Hong Kong Stock Exchange easier for mining companies. Full story...Job cuts continue
Job loses continued to plague the industry this week with at least 500 jobs being cut in Brazil and South Africa Full story...VATUKOULA REVENUE LEAPS
Vatukoula Gold Mines, the AIM quoted mining development and production company, reported turnover of £9.5 million (US$15.3 million) for the six months to February 28, 2009, compared with a turnover of £0.05 million for the same period of the previous year Full story...Rio confirms settlement with most Asia customers
Rio Tinto his week confirmed that it had settled its iron-ore contracts for 2009 with most of its major Asian customers. Full story...It was tough at the top in 2008 – report
Last year was a record one for many mining companies despite the market mayhem of the final quarter, according to Jason Burkitt, UK mining leader at PricewaterhouseCoopers. Full story...Unions reject wage offer
South Africa’s two largest mining unions, the National Union of Mineworkers and Solidarity, have rejected a second offer for wage increases from the Chamber of Mines Full story...Queensland coal assets up for sale
The Queensland government aims to reduce state debt by up to $A15 billion (US$12 billion) through asset sales, including Queensland Rail’s coal haulage business and the Abbot Point Coal Terminal. Full story...Exploration & Development
Pan African's Manica needs more oxides
Pan African Resources plc will not go ahead with its Manica gold project in Mozambique immediately, opting to try to outline further oxide mineralisation before development. Full story...
EPA decision makes Koolanooka 'impossible'
The decision by Western Australia’s Environmental Protection Authority to give only conditional approval for development of Sinosteel Midwest Corp’s Koolanooka/Blue Hills iron-ore project in mid-west of the state means it would be “impossible” for the company to develop the project economically, according to its new chief operating officer, Giulio Casello. Full story...Washpool study basis for feasibility
An Aquila Resources Ltd study for development of its Washpool hard coking-coal project in Queensland’s Bowen Basin has convinced the company to proceed with a ‘project feasibility study’, to be followed by a ‘definitive feasibility study’. Full story...First cathode from Las Cruces
Inmet Mining Corp has produced the first copper cathode from its 70%-owned Las Cruces operation in southern Spain, following recommencement of operations earlier this year. Full story...Moly Mines cracks on with iron plan
An independent resource estimate for an iron-ore deposit at Moly Mines Ltd's Spinifex Ridge property in Western Australia has spurred the company to beginning predevelopment for a proposed 1Mt/y operation. Full story...Alliance altered
Sino Gold Mining Ltd and Gold Fields Ltd have altered the terms of their exploration alliance for gold exploration in China. Full story...More from Barlee
Additional drilling results from Beacon Minerals Ltd's Barlee gold property in Western Australia have returned high-grade mineralisation. Full story...Iron Valley assays
Iron Ore Holdings Ltd has drilled more holes at its Iron Valley direct-shipping iron-ore property in the Pilbara region of Western Australia. Full story...Pelada intersections
Further drilling at the joint-venture Serra Pelada gold-platinum group metals (PGM) propery in Brazil has intersected the best results so far, according to Colossus Minerals Inc. Full story...South Barnat update for Osisko
South Barnat lies next to Osisko’s Canadian Malartic project in the Abitibi region of Quebec, and resource estimate at the start of this year outlined about 2Moz of gold in inferred resources. Full story...Lik scale confirmed
Zazu Metals Corp has released an initial NI 43-101 resource estimate for the joint-venture Lik zinc-lead-silver property in Alaska, confirming a large-scale deposit. Full story...More from Sandman
Newmont Mining Corp has provided further drilling assays to Fronteer Development Group Inc from the joint-venture Sandman gold property in Nevada. Full story...Black Thor update
The assay results for a drill-hole at Freewest Resources Canada Inc' s Black Thor chromite property in northern Ontario indicate a wide zone of mineralisation. Full story...Çaldağ forestry fee
European Nickel plc has paid a US$3.7 million fee for the forestry permit at its US$428 million Çaldağ lateritic nickel project in Turkey. Full story...New Angostura find
Greystar Resources Ltd has discovered a new zone of gold-silver mineralisation at its Angostura project in Colombia. Full story...Hana outlines initial Ghanzi resource
Hana Mining Ltd has received an initial independent resource estimate for its Ghanzi copper property in Botswana that contains more than 1.5Mt of copper and 50 Moz of silver. Full story...Frontier's Naimanjal extension
Frontier Mining Ltd has received an extension of the pilot-production licence at its Naimanjal gold project in Kazakhstan, forecasting production of 6,000oz of gold and 60,000oz of silver for this year. Full story...Kinbauri revises El Valle/Carles plan
An independent revision of a scoping study for development of Kinbauri Gold Corp's El Valle/Carles gold project in northern Spain has reduced forecast pre-production capital expenditure and would bring the project into production almost a year earlier. Full story...Bandanna releases Alpha coal resource
Bandanna Energy Ltd has received a resource estimate for the Alpha coal joint venture in Queenland's Galilee Basin from partner American Metals and Coal Industries Inc (AMCI). Full story...Finance
Grupo offers US$2.9 billion to take back Asarco
Grupo Mexico SAB has increased its offer to regain control of its former unit Asarco LLC, and lift Asarco out of bankruptcy. Full story...
Red Back buys Moto to give project clout
Red Back Mining Inc has offered C$513 million (US$472 million) for Moto Gold Mines Ltd to secure itself the Moto gold project in the Democratic Republic of the Congo Full story...KINROSS INVESTS IN MILLROCK
Millrock Resources Inc said Kinross Gold Corp has invested C$350,000 via a private placement in the company. Full story...ROYALTY FOR GOLDEN ARROW
Golden Arrow Resources Corp is to receive US$138,658 as first payment of its 1% net smelter returns royalty from the initial production at Yamana Gold Inc’s Gualcamayo gold mine, located in San Juan, Argentina Full story...NAUTILUS AGM IN LONDON
Nautilus Minerals Inc’s annual general meeting will be held on June 25, 2009 at 10:00 am London time (BST) at the offices of Numis Securities Ltd, The London Stock Exchange Building, 10 Paternoster Square, London EC4M 7LT, UK. Full story...BANNERMAN RAISES US$24.2 MILLION
Australia-based uranium company Bannerman Resources Ltd confirmed it has commitments for an equity capital raising of A$30 million (before costs) (US$24.2 million) from key North American, Asian and Australian investors, including Hong Kong-listed diversified mining company Regent Pacific Group Ltd. Full story...KASBAH RIGHTS ISSUE
Kasbah Resources Ltd has launched a 1:1 non-renounceable rights issue to shareholders to raise about A$2.655 million (US$2.14 million) through the issue of 88.5 million new fully paid ordinary shares at an issue price of A$0.03 per ordinary share Full story...Rusoro posts profit
Venezuelan-focused Rusoro Mining Ltd has reported a net profit of US$0.5 million for the first three months of 2009, compared to a net loss of US$17.3 million for the same quarter a year earlier Full story...Eldorado takes stake in Sino Gold
Eldorado Gold Corp has agreed to purchase a 19.9% interest in Chinese-focused Sino Gold Mining Ltd from Gold Fields Ltd in exchange for Eldorado shares Full story...DTEK REVENUE BOOST
DTEK reported revenue in 2008 increased by 44.6% from H8.9 billion (US$1.16 billion) to H12.9 billion Full story...New Gold, Western Goldfields complete transaction
New Gold Inc and Western Goldfields Inc have completed a previously-announced merger which will give New Gold control of the Mesquite gold mine in California Full story...GOLDCORP RAISES US$750 MILLION
Goldcorp Inc has entered into an agreement with a group of initial purchasers to issue and sell US$750 million of convertible senior notes due 2014 in a private offering. Full story...Cudeco to raise A$52.5 million
Australian copper-focused mining company Cudeco Ltd plans to raise A$52.5 million (US$42.8 million) through a share offering to institutional investors and an underwritten share purchase plan. Full story...Fifth Column
Shareholder power
Has there ever been a time when the mining industry has seen so much of what is called ‘shareholder activism’? Full story...Reports
Mining Mineral Sands
Mineral sands are used in the production of paints, plastics, paper, ceramics and metals – with application even in the aerospace industry. The sector is undergoing a hard time during the global economic downturn, but demand from China is still strong Full story...
LegalEase: Contracts with governments – a risky business?
In the fourth of our legal series, Memery Crystal discusses the steps you should take to reduce the risks when dealing with governments Full story...People and Appointments
FIRST SOURCE RESIGNATION
First Source Resources Inc announced that Howard Lahti, a non-executive director of the board has resigned Full story...CHAIRMAN RESIGNS AT HOMELAND
Homeland Energy Group Ltd announced that the chairman of the board, Tom Griffis, has resigned to allow him to concentrate on several other ventures with which he is involved Full story...CHIEF APPOINTED AT RICHARDS BAY
South Africa’s Richards Bay Coal Terminal, the world’s second biggest coal export port, has appointed Raymond Chirwa as chief executive from July 1, replacing Terry Howarth Full story...TWO JOIN GOLDEN PREDATOR
Golden Predator Royalty and Development Corp has announced, effective June 1, 2009, the appointments of Robert Eadie as president and director and Gary Arca as chief financial officer Full story...NEW CHIEF AT OZ
Oz Minerals announced that Terry Burgess has been appointed as managing director and chief executive. Full story...NON-EXEC AT A-CAP
A-Cap Resources Ltd, the ASX-listed company focused on advancing the Letlhakane Uranium Project in Botswana, has appointed Paul Ingram as non-executive director Full story...BOARD CHANGE AT SILVER CORP
South American Silver Corp said that at its recently-held annual meeting of shareholders, Greg Johnson was elected to its board of directors. Full story...CROWFLIGHT NAMES CHIEF
Crowflight Minerals Inc said that it had appointed Michael D Kelly as president, chief executive and a director of the company, effective June 1, 2009. Full story...TWO APPOINTED TO CAMECO BOARD
Cameco Corp has announced the election of two new board members. Full story...STARCORE’S NEW CHAIRMAN
Starcore International Mines Ltd is pleased to announce the appointment of William Sheriff of Vancouver, British Columbia, as chairman and director Full story...Site Search
Log inIssue: 05/06/2009
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
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
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