08/01/10
West Aust government protecting coal supplies with Griffin payment
The Western Australian government plans to make A$4 million (US$3.7 million) in advance payments to The Griffin Coal Mining Co Pty Ltd, to support the state’s energy requirements, as administrators KordaMentha examines Griffin’s finances. Full story...Antamina expansion approved
Partners in Peru’s massive Antamina copper-zinc mine have all approved their share of the operation’s US$1.3 billion expansion cost, to increase the mine’s ore-processing capacity by 38% to 130,000t/d Full story...Festive-season aluminium contract for Ma'aden
Saudi Arabian Mining Co, the state-owned metals producer known as Ma’aden, has signed a contract with Alcoa Inc to build a SR40.5 billion (US$10.8 billion) aluminium industrial complex in Saudi Arabia Full story...Kazakhmys financing secured
London-listed Kazakhmys plc has secured up to US$2.7 billion from Kazakh sovereign wealth fund, Samruk-Kazyna Full story...
Production and Markets
Antamina expansion approved
Partners in Peru’s massive Antamina copper-zinc mine have all approved their share of the operation’s US$1.3 billion expansion cost, to increase the mine’s ore-processing capacity by 38% to 130,000t/d Full story...
Festive-season aluminium contract for Ma'aden
Saudi Arabian Mining Co, the state-owned metals producer known as Ma’aden, has signed a contract with Alcoa Inc to build a SR40.5 billion (US$10.8 billion) aluminium industrial complex in Saudi Arabia Full story...Yandicoogina milestone
Rio Tinto’s Yandicoogina iron-ore mine has broken the 50Mt mark for annual production for the first time Full story...Ramelius boost
Ramelius Resources Ltd has reported record gold production from its flagship Wattle Dam mine in Western Australia, with grades almost three times higher than estimated Full story...Exploration & Development
Wadi Sawawin feasibility
London Mining plc has released the results from its updated feasibility study for development of the 50%-owned Wadi Sawawin iron-ore project in northwest Saudi Arabia, confirming its viability Full story...
Iamgold raises Westwood cost
Iamgold Corp's review of its Westwood gold project in Quebec has raised forecast capital costs, while keeping estimated output the same compared with a study a year ago, but extending operations by a year. Full story...Jack Hills resource tripled to 3Gt
Murchison Metals Ltd, 50%-owner of Crosslands Resources Ltd, reports that an updated resource estimate for Crosslands’ Jack Hills iron-ore project in the mid-west of Western Australia has delineated 3,000Mt of iron ore Full story...Doolgunna assays
Sandfire Resources NL has received further assays from diamond-drilling at its Doolgunna copper-gold property in Western Australia Full story...New Hermes zones
Reverse-circulation drilling at Alchemy Resources Ltd’s Hermes gold prospect, part of its Three Rivers property in Western Australia, has discovered three zones of gold mineralisation Full story...New Konkera zone
Discovery of a new gold zone has been confirmed at the Konkera East zone of Ampella Mining Ltd’s Batie West gold property in Burkina Faso Full story...Iron-T assays
Apella Resources Inc has intersected vanadium-iron-titanium mineralisation at its Iron-T property in Quebec with drilling that tested a 1km-long magnetic anomaly Full story...BHPB gives up at Pujada
BHP Billiton has decided to cut its losses at the US$2.0 billion Pujada (also known as Hallmark) lateritic nickel project in the Philippines Full story...Off-take loan to repay Rosemont debt
Red Kite Explorer Fund LP has agreed to buy up to 15% of copper-concentrate output from Augusta Resource Corp's proposed Rosemont copper project in Arizona, and will loan Augusta US$40 million. Full story...SK agrees Bloom Lake offtake deal
Consolidated Thompson Iron Mines Ltd, 75%-owner and developer of the Bloom Lake iron-ore project in Quebec, has signed an off-take and credit deal with Korean conglomerate SK Group Full story...Randalls approval
Integra Mining Ltd has received all of the approvals it needed to proceed with development of the Randalls gold project in Western Australia Full story...Sissingue update
Further drilling at Perseus Mining Ltd's Tengrela gold project in Ivory Coast has intersected additional mineralisation at the Sissingue prospect. Full story...Finance
West Aust government protecting coal supplies with Griffin payment
The Western Australian government plans to make A$4 million (US$3.7 million) in advance payments to The Griffin Coal Mining Co Pty Ltd, to support the state’s energy requirements, as administrators KordaMentha examines Griffin’s finances. Full story...
Rusal IPO clearance
Hong Kong Exchanges and Clearing Ltd has issued a ‘No comment’ letter to UC Rusal regarding the Russian aluminium company’s planned initial public offering Full story...Dioro urges restraint
Dioro Exploration NL has urged shareholders to take no action following a new A$115 million (US$105 million) takeover bid from Avoca Resources Ltd Full story...Hong Kong’s Taifeng backs Cairn Hill
IMX Resources Ltd said development of the Cairn Hill Phase 1 magnetite-copper-gold project in South Australia was fully funded after signing a A$47 million (US$43 million) deal with Hong Kong-based Taifeng Yuanchuang International Development Co Full story...Chinese buy into Sierra Leone iron ore
Chinese investors have made a move into Sierra Leone’s mining industry via a £152.6 million (US$249 million) equity and off-take deal with African Minerals Ltd Full story...Goldcorp trumps Barrick’s bid to buy El Morro
New Gold Inc has stifled Barrick Gold Corp’s plans to acquire a 70% interest in El Morro copper-gold project in Chile from Xstrata plc, using its right-of-first-refusal and signing a deal allowing Goldcorp Inc to purchase the stake Full story...Zamin Ferrous in funding talks with partner ENRC
Zamin Ferrous is in discussion with Eurasian Natural Resources Corp (ENRC) regarding funding for their shared iron-ore project in Brazil Full story...Archipelago funding
Archipelago Resources plc has signed a US$60 million debt finance agreement for the Toka Tindung gold project in Indonesia Full story...Revised offers for Canplats
Minera Penmont CV and Goldcorp Inc have submitted revised offers (of C$4.80/share) for Canplats Resources Corp. Penmont is a Mexican-based joint venture company that is 56%-owned by Fresnillo plc and 44% by Newmont Mining Corp. Full story...Kazakhmys financing secured
London-listed Kazakhmys plc has secured up to US$2.7 billion from Kazakh sovereign wealth fund, Samruk-Kazyna Full story...Tongling to acquire Corriente Resources
China’s second largest copper producer, Tongling Nonferrous Metals Group Holdings Co, has joined with China Railway Construction Corp to make an agreed bid for Canada’s Corriente Resources Inc Full story...Glencore opens up to outside investors
Glencore, the private commodities trader and largest shareholder in Xstrata plc, has sold US$2.2 billion in convertible bonds that could be a precursor to an initial public offering (IPO) Full story...IFC sells Sadiola stake
The International Finance Corp has sold its 6% stake in Societe d’Exploitation des Mines d’Or de Sadiola SA, which mines the eponymous gold mine in Mali Full story...Fifth Column
Serial founder
When Miles Kennedy resigned as non-executive chairman of Perth-based Sandfire Resources NL, the Australian media immediately linked his departure with an incident three weeks previously when it was reported that blows were exchanged between Mr Kennedy and Sandfire’s chief executive, Karl Simich, who ended that lively lunch with a bloodied nose. Full story...Reports
Bolivia: Boom or bust
Mining companies aim to keep the government on-side as president Evo Morales enters his second term in charge of the Latin American country Full story...
Big changes at DTEK
Since its formation in 2005, Donbass Fuel-Energy Co (DTEK) – the first private, vertically-integrated, power company in Ukraine – has been hard at work applying new capital and technology to its existing operations Full story...Minor Metals: Festive uncertainty
Despite a quiet second half of December, the markets during the first half of the month demonstrated that there was still uncertainty, with people unsure which way prices would go Full story...Fund Fundamentals: Mining site
One of London’s more unconventional professional investors in the natural-resource sector is Tom Winnifrith. Although interviewed for this series as the manager of three SF t1ps funds, Mr Winnifrith encompasses so much more Full story...People and Appointments
WGC appoints new chair
The World Gold Council (WGC) has appointed Ian Telfer as its new chairman Full story...
New Anglo appointment
Anglo American plc has appointed Ray O’Rourke as a non-executive director, the third such appointment since Sir John Parker joined as chairman Full story...Ivernia VP operations
Ivernia Inc has announced the appointment of Rob Scargill as executive vice president of operations Full story...CFO at Petaquilla
Petaquilla Minerals Ltd has appointed Julie van Baarsen as its new chief financial officer Full story...Paget appointment
Paget Minerals Corp has appointed David Volkert as president and chief executive officer Full story...Iamgold CEO departure
Iamgold Corp has announced that Joseph Conway, president and chief executive, will be leaving the company effective January 15 Full story...Greg Tubby
Aspermont Ltd, the Perth-based publishing group that owns Mining Journal, has reported the untimely death of its managing editor, Greg Tubby Full story...Mirabela chairman
Craig Burton has been elected as the new executive chairman of Mirabela Nickel Ltd following the decision by Bill Clough to step down Full story...New CEO at Katanga
John Ross has taken over as chief executive officer of Katanga Mining Ltd Full story...MVELA FD quits
Nokhanyiso Ntsaluba has resigned from her position as financial director of Mvelaphanda Resources Ltd Full story...Site Search
Log inIssue: 08/01/10
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
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Minerals Geoscientist Vacancy - Neftex
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