08/05/09
Pascua Lama gets green light
Barrick Gold Corp has given the go-ahead for construction of its massive Pascua-Lama gold project on the Chilean-Argentine border, just days after it was revealed that the two countries government’s had reached a pact of tax arrangements for the project Full story...Jamaica introduces first minerals policy
Jamaica, known more for its tourist industry than its mineral wealth, has introduced its first national minerals policy, aimed at enhancing the sustainability of the mining industry. Full story...BHP planning Olympic Dam mega-mine
BHP Billiton has delivered its environmental impact statement (EIS) for the proposed expansion of South Australia’s Olympic Dam mine, the world’s largest source of uranium. Full story...Miners respond to swine flu threat
At least five mining companies operating in Mexico temporally suspended production for five days this week, in accordance with a presidential decree to help stop the spread of the H1N1 flu pandemic. Full story...Ontario steps towards brave new law
Ontario’s Ministry of Northern Development and Mines said this week that its proposed changes to the province’s mining act would see “significant strides in Aboriginal consultation” as well as provide clear rules for industry and reduce the impact of mineral exploration on the environment. Full story...
Production and Markets
Diavik flexibility to work with market conditions
The mine plan for the Diavik diamond mine in Canada, co-owned by Rio Tinto, Harry Winston Diamond Corp and Kinross Gold Corp, is to become more flexible, allowing production to respond as quickly as possible to changes in the diamond market. Full story...
Equinox signs Lumwana off-take deal
Equinox Minerals Ltd has signed a second off-take agreement for its Lumwana copper mine in Zambia, to supply copper concentrate to Konkola Copper Mines. Full story...Jamaica introduces first minerals policy
Jamaica, known more for its tourist industry than its mineral wealth, has introduced its first national minerals policy, aimed at enhancing the sustainability of the mining industry. Full story...BHP planning Olympic Dam mega-mine
BHP Billiton has delivered its environmental impact statement (EIS) for the proposed expansion of South Australia’s Olympic Dam mine, the world’s largest source of uranium. Full story...Reports paint silver picture in a variety of hues
Two leading reports on the silver sector have reached different conclusions about the supply and demand of the precious metal for 2009. Full story...Ukraine accident
Nine miners are trapped underground in the Ukraine after a mine collapse at a state-run coal mine on May 4 Full story...Mopani lay-offs
Mopani Copper Mines has laid off up to 1,000 employees as it tries to cope with rising costs and low metal prices Full story...Kyrgyz agreement
The president of the Kyrgyz Republic has signed legislation implementing the terms of the agreement between the government and Centerra Gold Inc Full story...Guinea to take softer approach with miners
Guinea’s mining minister, Mahmoud Thaim, said the country’s ruling military junta will relax its threatening attitude towards foreign mining companies, as companies begin to suggest concern about the political stability of the regime. Full story...MMX restarts Corumbá iron-ore mine
Brazil’s MMX Mineração e Metálicos SA resumed mining at its Corumbá iron-ore mine in Brazil on Tuesday Full story...Zimbabwe gold shines for New Dawn
Zimbabwe’s mining renaissance continues to gain pace as New Dawn Mining Corp joins the list of companies restarting operations in the country in response to changes in fiscal policy. Full story...Guinea to take softer approach with miners
Guinea’s mining minster Mahmoud Thaim said the country’s ruling military junta will relax its threatening attitude towards foreign mining companies, as companies begin to suggest concern about the political stability of the regime. Full story...Miners respond to swine flu threat
At least five mining companies operating in Mexico temporally suspended production for five days this week, in accordance with a presidential decree to help stop the spread of the H1N1 flu pandemic. Full story...Venezuela requests gold sold to central bank
Venezuela’s government has indicated that gold producers operating in the country must offer to sell 60% of the gold produced to the Venezuelan Central Bank (BCV). Full story...TanzaniteOne production up but staff cuts likely
TanzaniteOne Ltd has reported a 30% increase in tanzanite production to 2.2Mct in 2008, but said it would postpone a production ramp-up to 3Mct/y until market conditions returned to normal. Full story...Exploration & Development
Pascua Lama gets green light
Barrick Gold Corp has given the go-ahead for construction of its massive Pascua-Lama gold project on the Chilean-Argentine border, just days after it was revealed that the two countries government’s had reached a pact of tax arrangements for the project Full story...Gounkoto discovery a big one for Randgold
West Africa-focused Randgold Resources Ltd has discovered a new gold zone, Gounkoto, 20km from its Loulo operation in Mali. Full story...Barrick achieves Buzwagi first pour
Barrick Gold Corp poured the first gold at its Buzwagi gold mine in Tanzania this week, which it described as the first of its new generation of mine to enter production. Full story...Lalor confidence
HudBay Minerals Inc will increase the 2009 exploration budget at its Lalor precious metals deposit in Manitoba following recent encouraging drill results. Full story...Aviat sample results
The results from treatment of the second bulk sample of material from the ES1 kimberlite sheet at the Aviat diamond property have been received by 90%-owner Stornoway Diamond Corp. Full story...Orion results
Shore Gold Inc has announced that it has reconciled sampling results from the Fort à la Corne joint venture with Newmont Mining Corp, which it says now account for diamond breakage and diamond loss that occurs when sampling using large diameter drilling (LDD) mini-bulk sampling. Full story...Lydian license
Lydian International Ltd has been granted a 25-year mining licence for its Amulsar gold project in Armenia by the government. The license is one of the first to be granted under Armenia’s new mining law, Lydian said. Full story...Pumpkin Hollow drilling
Nevada Copper Corp has returned the final results from its 2008 drill programme at the Pumpkin Hollow copper project in Nevada Full story...Aquilon intercepts
Golden Tag Resources Ltd reports that it continues to intersect high-grade gold mineralisation during drilling at its 40%-owned Aquilon property in the James Bay area of Quebec. Full story...Minefinders reaches commercial Dolores output
The Dolores gold-silver operation in Mexico has achieved commercial production levels, according to operator Minefinders Corp. Full story...Artillery Peak resource update
Rocher Deboule Minerals Corp has received an updated resource estimate for its Artillery Peak manganese property in Arizona, which contains several historical mines. Full story...Barrambie costs rise for Reed
Reed Resources Ltd's decisions to expand its Barrambie vanadium project in Western Australia and to produce ferrovanadium has contributed to a more than doubled cost compared with the previous plan. Full story...Lindsays reaches 3Moz
Carrick Gold Ltd has received a resource estimate for the Central structure at its Lindsays gold property in Western Australia, raising the total amount of gold contained within resources at Lindsays to more than 3Moz. Full story...Ontario steps towards brave new law
Ontario’s Ministry of Northern Development and Mines said this week that its proposed changes to the province’s mining act would see “significant strides in Aboriginal consultation” as well as provide clear rules for industry and reduce the impact of mineral exploration on the environment. Full story...Caledon raises Cook, Minyango estimates
Caledon Resources plc has completed resource updates for deposits at its Cook coal mine and Minyango coal project, both in Queensland. Full story...Uranium estimates for Forsys, Uranio
Forsys Metals Corp has received an update to the reserve estimate at its Valencia alaskite-hosted uranium project in Namibia from consultant Snowden, which reassessed data and found that some mineralisation previously categorised as inferred should be reclassified as indicated material. Full story...Areva's Imouraren build begins
The foundation stone for Areva NC’s Imouraren uranium mine in Niger has been laid by the country’s president, Mamadou Tandja. Full story...Trans-Siberian delays first Asacha pour again
Trans-Siberian Gold plc, struggling to achieve production at its Asacha project in Russia, has again postponed the deadline to the first gold pour, from the end of 2009, itself a delay, to the second half of 2010. Full story...Blair North assays
Northern Mining Ltd reports that reverse-circulation drilling at the Blair North prospect, part of the East Kalgoorlie gold joint venture in Western Australia, has extended mineralistion at the southern zone. Full story...Initial Simuku resource
ASX-listed Coppermoly Ltd has compiled an initial resource estimate for its 90%-owned Simuku porphyry copper-molybdenum property on New Britain island in Papua New Guinea. Full story...Roughrider find
Hathor Exploration Ltd has intersected new basement-hosted uranium during the winter drilling campaign at the Roughrider zone of the Midwest Northeast uranium joint venture in Saskatchewan. Full story...Camec outlines Faléa bauxite project
An initial inferred resource estimate for Central African Mining & Exploration Company plc’s Faléa bauxite deposit in Mali could support an alumina refinery, according to a conceptual study by Camec’s consultant. Full story...Constancia delay
Norsemont Mining Inc has announced a delay in completion of the feasibility study for development of its Constancia copper-molybdenum project in southern Peru. Full story...Jerritt Canyon assays
Yukon-Nevada Gold Corp's underground drilling at the Jerritt Canyon gold mine property in Nevada has extended mineralisation beyond previously-modelled resource boundaries, according to the company. Full story...Efemçukuru assays
Eldorado Gold Corp has reported results for diamond-drilling at its Efemçukuru polymetallic property in Turkey. Full story...Finance
Perseus strengthens balance sheet for West African development
Perseus Mining Ltd has launched a A$75 million (US$56 million) equity raising programme, to fund further exploration and development at its gold projects in West Africa. Full story...
German reforms lift international mining finance
Interest in and demand for untied loan guarantees for the mining industry has increased significantly in the wake of recent reforms in Germany, according to PricewaterhouseCoopers. Full story...Iluka cash boost
Iluka Resources Ltd completed an institutional share placement raising A$114 million (US$85 million). Full story...Noble increases offer for Gloucester
Commodities trader Noble Group Ltd has increased its offer for Gloucester Coal Ltd, in an attempt to bring down a merger between Gloucester and Whitehaven Coal Ltd. Full story...Newmont sale cleared
Newmont Mining Corp said this week that lenders had agreed to release a 31% stake in the company’s Indonesian unit that was being held as collateral against a loan, to fulfil a sale required by the Indonesian government. Full story...Kalahari plans raising
Kalahari Minerals plc has conditionally raised about £17.89 million (US$27 million) with new and existing shareholders. Full story...Kinross supports Fortress
Fortress Minerals Corp has closed a C$3.5 million (US$2.98 million) private placement of 14 million shares, with Kinross Gold Corp acquiring 10 million shares Full story...Minerva merger loan
Ethiopian precious metals-explorer Minerva Resources plc has entered into merger talks with an unnamed party Full story...Vale revenue down, Gold Fields up
Cia Vale do Rio Doce (Vale), the world’s largest iron-ore producer, and Gold Fields Ltd released March quarter results this week. Full story...Kinross profit slightly higher
Toronto’s Kinross Gold Corp reported a 7.9% rise in March quarter net earnings as a larger increase in revenue was hit by depreciation charges. Full story...Fifth Column
Tangled connections
Jim Mellon saw his wealth drop by £200 million (US$302 million) last year to about £700 million Full story...Reports
Fund Fundamentals: Technical investing
Mining Journal presents the 11th in a series of interviews with professional investors in the resource sector Full story...
Mining gets back to business in Ecuador
After nearly a year of inactivity, mining is back on the agenda in Ecuador, giving the South American country a chance to earn desperately needed income Full story...People and Appointments
Amayapampa BFS manager
Republic Gold Ltd appointed Paul Pyke as its project development manager, to lead bankable feasibility studies at the FNQ and Amayapampa projects Full story...Interim Denison chief
The board of Denison Mines Corp appointed Lukas Lundin as interim chief executive office Full story...Lundin CFO
Lundin Mining Corp named Marie Inkster as chief financial officer, replacing Ted Mayers, who will retire Full story...Rockhaven director
Randy Turner was elected as a director at the annual general meeting of Rockhaven Resources Ltd. Full story...Mechel movements
OAO Mechel announced the appointment of Alexey Ivanushkin as chief executive of Oriel Resources Co Ltd. Full story...Gibson at Straits
Straits Resources Ltd has appointed Michael Gibson as a director and Jim Carter as chief financial officer. Full story...Michelmore to leave Oz
In anticipation of shareholder approval for the sale of the majority of its assets to China Minmetals Corp, Oz Minerals Ltd has reviewed its board and management structures. Full story...Lindqvist joins Evolving Gold
Evolving Gold Corp announced the appointment of William Lindqvist as independent director of the company’s board, replacing William Sheriff who resigned his position. Full story...Journal Team Diary
Mines rescue games
The Chamber of Minerals and Energy of Western Australia (CME) held its annual eastern region Surface Mine Emergency Response Competition in Kalgoorlie earlier this month Full story...Shorting the pigs
It is often said that good fund managers and traders come to the fore when the markets are ailing. So it should come as no surprise that someone somewhere will see an opportunity in the swine flu epidemic. Full story...Site Search
Log inIssue: 08/05/09
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