07/08/2009
DRC revokes Kolwezi licence
The Democratic Republic of the Congo said it will apply contractual obligations and remove the licence for the Kolwezi copper and cobalt tailings project. Full story...Anglo unveils major new deposits
In a move reminiscent of Rio Tinto's trumpeting of the value it ascribed to its projects while fighting off the takeover bid from BHP Billion last year, Anglo American plc used its recent interim report to unveil two new major porphyry deposits near its Los Bronces copper operation in Chile, which together raise the group's overall copper resources by 50%. Full story...Zimbabwe assures companies, but may lose diamond status
Zimbabwe’s coalition government has redoubled its efforts to reassure investors that it is developing “friendlier legislation” for mining companies, but the country also faces imminent dismissal from diamond watchdog the Kimberley Process Full story...Madagascar considers project probe
The government of Madagascar, lead by Andry Rajoelina who installed himself in power in March after a coup, said it is planning a more thorough investigation of Rio Tinto’s QMM mineral sands project after finding technical irregularities Full story...
Production and Markets
Strike and maintenance halts Vale Canadian output
Strikes and maintenance shutdowns have brought all of Vale SA’s Canadian nickel production to a halt for at least a month Full story...
DRC revokes Kolwezi licence
The Democratic Republic of the Congo said it will apply contractual obligations and remove the licence for the Kolwezi copper and cobalt tailings project. Full story...ICSG sees copper on the rise
The International Copper Study Group has released its latest yearbook showing a general upward trend in copper production over the past decade Full story...Equinox to expand
Equinox Minerals Ltd is eyeing acquisitions after ramping up its massive Lumwana copper mine in Zambia, chief executive officer Craig Williams told the Diggers & Dealers forum in Kalgoorlie, Western Australia Full story...Zimbabwe assures companies, but may lose diamond status
Zimbabwe’s coalition government has redoubled its efforts to reassure investors that it is developing “friendlier legislation” for mining companies, but the country also faces imminent dismissal from diamond watchdog the Kimberley Process Full story...Diamond recovery benefits Alrosa
Alrosa Co Ltd, Russia’s largest diamond producer, said “the current market situation” had enabled it to resume trading and significantly increase market supply. The company is also considering diamond sales to the Russian Federation Full story...Madagascar considers project probe
The government of Madagascar, lead by Andry Rajoelina who installed himself in power in March after a coup, said it is planning a more thorough investigation of Rio Tinto’s QMM mineral sands project after finding technical irregularities Full story...Ferrexpo full capacity
Ferrexpo plc says that its operations ran at full capacity for the final four months of the June interim after a cutback earlier in the year Full story...Teck restarts Trail on stronger demand
Teck Resources Ltd has restored its Trail zinc smelter in British Columbia to full production, following growing customer demand for its products Full story...Aquarius output up 1%
Aquarius Platinum Ltd has reported a 1% increase in attributable PGM production for the end-June quarter against the previous three months Full story...Uncertainty in commodity markets
Profit-taking in mid-week brought an end to a five-day copper-price rally after the metal reached its highest level in 10 months (US$6,235/t). Full story...Patriot closes central Appalachia coal mine
Patriot Coal Corp will close its 2.5Mt/y Samples thermal-coal mine in southern West Virgin Full story...Exploration & Development
The next generation for Barrick
Barrick Gold Corp will open four new low-cost gold mines over the next four years, cementing its position as a global leader in gold production Full story...
Preliminary numbers show Rossing South major project
Extract Resources Ltd's Rossing South uranium project in Namibia could support one of the world's largest uranium mines, according to preliminary estimates from the current feasibility study. Full story...Anglo unveils major new deposits
In a move reminiscent of Rio Tinto's trumpeting of the value it ascribed to its projects while fighting off the takeover bid from BHP Billion last year, Anglo American plc used its recent interim report to unveil two new major porphyry deposits near its Los Bronces copper operation in Chile, which together raise the group's overall copper resources by 50%. Full story...Kilbricken update
Belmore Resources (Holdings) plc has reported further drilling results from the programme at the Kilbricken base-metals joint venture in Co Clare Ireland. Full story...Ross intercepts
Peninsula Minerals Ltd is targeting extension to historical mineralisation at the Ross uranium property in Wyoming with its current drilling programme. Full story...Hillside intercepts
Rex Minerals Ltd has discovered 'shallow copper mineralisation' near previously-drilled, deeper mineralisation at its Hillside copper-gold property in South Australia. Full story...WA power conditions
The Western Australian government has conditionally approved construction of a 330kV power line from north of Perth to Eneabba, the first stage of what it described as a major power line to near Geraldton. Full story...Artillery Peak potential
Rocher Deboule Minerals Corp's Artillery Peak manganese project in Arizona could support an open-pit operation, according to recent preliminary economic assessment. Full story...Saucito study commends first stage for Fresnillo
The prefeasibility study for the first stage of development of Fresnillo plc's Saucito silver-gold project in Mexico was approved by the company's board of directors this week. Full story...New owner's broom halves Casposo costs
Troy Resources NL has announced a 47% reduction in estimated capital costs for the newly-acquired Casposo gold project in San Juan province, Argentina. Full story...Kalukundi assays
Infill drilling at Africo Resources Ltd's Kalukundi copper-cobalt project in Katanga province of the Democratic Republic of the Congo has intersected what the company said was some of the highest-grade mineralisation so far. Full story...Sandman intercepts
Fronteer Development Group Inc has received the latest assay results for the joint-venture Sandman gold property in Nevada from partner Newmont Mining Corp. Full story...Seabridge review reduces KSM cost
The estimated cost for the KSM gold project in northern British Columbia has been reduced by 10% after a review of a scoping study for the development by owner Seabridge Gold Inc. Full story...Putu Range holds 1Gt
Mano River Resources Inc reports that the joint-venture Putu Range iron-ore project in Liberia is estimated to contain just over 1,000Mt (1Gt) of inferred resources. Full story...Snowfield results
Drilling at Silver Standard Resources Inc's Snowfield gold-copper project in British Columbia has reurned further long intercepts of mineralisation. Full story...Sunshine for ITH
International Tower Hill Mines Ltd has discovered a new zone of gold mineralisation at its Livengood gold project in Alaska. Full story...Anglo confirms growth plans for Minas-Rio
Anglo American plc has confirmed that it is considering combining and accelerating the next two phases on its Minas-Rio iron-ore development in Brazil, and that a partner may be considered given the large level of capital expenditure. Full story...Arenal Deeps could extend San Gregorio
Production at Uruguay's only gold mine could be prolonged, according to the findings of a prefeasibility study for development of the Arenal Deeps zone at Uruguay Mineral Exploration Inc's San Gregorio operation. Full story...Finance
Healthy cash flow for gold giants
Higher gold prices and a cap on costs continue to maintain healthy margins at the world's largets gold producers, helping cash piles to continue growing Full story...
Centamin plans move to official list
Centamin Egypt Ltd, the highest-capitalised company on the Alternative Investment Market, plans to move to the London Stock Exchange main board, and could enter FTSE 250 index Full story...Jinchuan take over
Jinchuan Mining plc plans to resume mining at Albidon Ltd’s Munali nickel project in Zambia by securing a 50% stake in the project, Minister of Mines Maxwell Mwale said Full story...Angus restructuring
Angus & Ross plc has announced restructuring of a US$12.5 million loan as well as plans to change the company name Full story...Kiska created
Rimfire Minerals Corp and Geoinformatics Exploration Inc have completed a business combination and has taken the name Kiska Metals Corp Full story...Triton IPO
Triton Gold Ltd has completed an over subscribed A$6.5 million (US$5.5 million) initial public offering (IPO) on the Australia Securities Exchange Full story...Platmin lifeline
PLatmin Ltd has secured a R400 million (US$50.3 million) revolving commodity finance facility from Investec, which will allow it to receive early cash from its production and complete repayment of a Standard Bank bridge loan Full story...Red Back quits Moto bid
Red Back Mining Ltd has declined to make a superior bid for Moto Gold Mines Ltd allowed under a deal between them Full story...Billiton names new chairman
BHP Billiton, the world's largest mining company by market value, has appointed Jacques Nasser as its chairman-elect following an 18-month executive search Full story...IFM raises £22.2M
International Ferro Metals Ltd (IFM) has raised £22.2 million (US$37.7 million) by issuing 50.36 million shares at 44p each Full story...Metals prices hit Xstrata bottom line
The drop in metals prices caused a 77% drop in first-half profit for diversified producer Xstrata plc. Net income fell to US$643 million, from US$2.77 billion in 2008 Full story...Fifth Column
Home grown
Kerim Sener hopes to profit from the Turkish people’s affection for gold by selling them gold bars made from metal produced during trial mining at one of his company’s deposits in western Turkey. Full story...Reports
Stuttering South Africa eyes recovery
While production has slipped in the South African staples – gold and diamonds – mining companies are keeping their eyes on a recovery next year Full story...People and Appointments
Thundermin appoints CFO
Robert Suttie has been appointed new chief financial officer at Thundermin Resources Inc. Full story...Management changes at Gold One
Syd Caddy has been appointed as senior vice president for projects at Gold One International Ltd Full story...Firestone appoints new chairman
Firestone Energy Ltd has appointed non-executive director, John Dreyer as its new chairman. Full story...Goldfields appoints regional heads
Gold Fields Ltd has announced the appointment of three more members to its group executive team as part of a regionalisation. Full story...Site Search
Log inIssue: 07/08/2009
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Geologists- Senior and Junior Positions
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Mining and Metals Opportunities - Hatch
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