09/04/2010
Safety violations reported at Massey mine
The US Mine Safety and Health Administration is reported to have issued fines of over US$900,000 against the mine in West Virginia where 25 miners were killed this week in what is the worst US mining accident in 26 years Full story...Noble and Peabody tussle over Macarthur
Commodity trader Noble Group Ltd has broken its silence over a hostile bid from Peabody Energy Corp for Australia’s Macarthur Coal Ltd Full story...Turmoil in Kyrgyz Republic knocks mining companies
News of an uprising and ousting of the government in the Kyrgyz Republic has hit the share prices of mining and exploration companies involved in the country Full story...Iron ore - Eurofer says Vale concerns ‘absurd’ ...
Eurofer, the European Confederation of Iron and Steel Industries, has dismissed concerns from leading iron-ore producer Vale SA that it breached European competition laws as “absurd” Full story...Lihir rejects Newcrest offer
Lihir Gold Ltd has rejected a takeover offer from Newcrest Mining Ltd, saying it undervalues the company’s existing business and potential value to shareholders Full story...... and merger review delayed
The Australian Competition & Consumer Commission (ACCC) has delayed its report on the proposed merger of BHP Billiton and Rio Tinto’s Western Australian iron-ore assets Full story...South Africa can benefit from ‘supercycle’ – Davies
Mick Davies, the chief executive of Xstrata plc, says South Africa can still capture value from the global commodity supercycle, despite having missed out so far Full story...
Production and Markets
Safety violations reported at Massey mine
The US Mine Safety and Health Administration is reported to have issued fines of over US$900,000 against the mine in West Virginia where 25 miners were killed this week in what is the worst US mining accident in 26 years Full story...
Turmoil in Kyrgyz Republic knocks mining companies
News of an uprising and ousting of the government in the Kyrgyz Republic has hit the share prices of mining and exploration companies involved in the country Full story...Iron ore - Eurofer says Vale concerns ‘absurd’ ...
Eurofer, the European Confederation of Iron and Steel Industries, has dismissed concerns from leading iron-ore producer Vale SA that it breached European competition laws as “absurd” Full story...Eskom and BHPB agree to amend electricity pricing
Eskom, South Africa’s state-owned power company, says it will amend its power contracts with BHP Billiton’s aluminium smelters in southern Africa. Full story...... and merger review delayed
The Australian Competition & Consumer Commission (ACCC) has delayed its report on the proposed merger of BHP Billiton and Rio Tinto’s Western Australian iron-ore assets Full story...Harry Winston sales rise
Harry Winston Diamond Corp has reported a 13% boost in sales compared with the same quarter a year earlier Full story...Contract price gains boost miners
The stock market valuation of ferrochrome producers rose this week following higher than expected increases in quarterly contract prices Full story...Copper market to go into deficit later this year
GFMS, the metals consultancy, reports in its first Copper Survey that as the market moves into an expected deficit towards the end of this year, prices could breach the US$8,000/t mark Full story...Glencore’s Katanga to accelerate Congo copper production
Katanga Mining Ltd, the copper and cobalt miner in the Democratic Republic of Congo controlled by Glencore, has issued a new technical report supporting a plan to accelerate growth Full story...South Africa can benefit from ‘supercycle’ – Davies
Mick Davies, the chief executive of Xstrata plc, says South Africa can still capture value from the global commodity supercycle, despite having missed out so far Full story...Hay Point resumption
The BHP Billiton Mitsubishi Alliance has reopened a berth at the cyclone damaged Hay Point coal terminal in Queensland, easing congestion at Australian ports Full story...Alamos ups reserves
Alamos Gold Inc has announced a 17% increase in reserves at its Mulatos project in Sonora State, Mexico Full story...Chinese miners rescued
More than a week after being trapped, 115 workers have been rescued from a flooded coal mine in northern China Full story...AngloGold employee dies
AngloGold Ashanti Ltd, the world’s third-largest producer of the precious metal, said a miner died of injuries suffered in an accident at its Tau Lekoa mine in South Africa Full story...Exploration & Development
Preliminary Esaase study designs ten-year mine
A preliminary economic assessment for development of Keegan Resources Inc’s 90%-owned Esaase gold deposit in Ghana has indicated it could support a ten-year open-pit operation Full story...
Bannerman raises Etango confidence
Bannerman Resources Ltd reports that 88% (or 142.1Mlb) of its Etango uranium deposit in Namibia lies within measured and indicated categories, following the latest independent estimate Full story...Doray's high-grade Andy Well hits
Initial reverse-circulation drilling at the Andy Well gold prospect, part of Doray Minerals Ltd’s 80%-owned Meekatharra North property in Western Australia has intersected high-grade mineralisation Full story...Bobrikovo at more than 1Moz
Korab Resources Ltd has received a new resource estimate for its 74%-owned Bobrikovo gold deposit in Ukraine Full story...Signature Metals Ltd
Reverse-circulation drilling at Signature Metals Ltd’s Konongo gold property in Ghana’s Ashanti gold belt has intersected gold mineralisation at the new Obenemase D discovery Full story...Alto's Coldstream assays
lto Ventures Ltd has said that drilling at its Coldstream gold property in Ontario, Canada, has intersected mineralisation associated with disseminated pyrite Full story...Cobre Panama numbers encourage Inmet
Cobre Panama (previously known as Petaquilla), Inmet Mining Corp’s large-scale copper-gold-molybdenum porphyry project in Panama, could cost US$4.3 billion, according to the latest engineering and design study Full story...Exeter raises Caspiche estimate again
An independent resource estimate for Exeter Resource Corp’s Caspiche gold-copper porphyry deposit in the Maricunga Belt of Chile has once more increased contained metal Full story...Oyu Tolgoi resource update
Ivanhoe Mines Ltd has released a resource estimate for the Oyu Tolgoi copper-gold project in Mongolia Full story...Rössing South assays
Extract Resources Ltd has received what it called “exceptional chemical assay results” from infill drilling at its Rössing South uranium project in Namibia Full story...Rosie intercepts
Independence Group NL, earning a 70% interest in the nickel rights of the Duketon joint venture tenements in Western Australia from South Boulder Mines Ltd, has completed further holes at the Rosie base-metals and platinum group metals property Full story...Collette confirmed
Additional drilling at the Collette prospect, part of Azumah Resources Ltd’s Wa gold property in Ghana, has intersected mineralisation that Azumah plans to use in an initial resource estimate later in the year Full story...Tengrela continues
Perseus Mining Ltd’s continuing infill drilling programme at the Sissingue deposit, part of the Tengrela gold project in the Ivory Coast, has intersected additional high-grade mineralisation Full story...Majestic assays
Integra Mining Ltd has completed initial reverse-circulation drilling at the Majestic prospect, north of its flagship Salt Creek gold deposit at the Randalls project in Western Australia Full story...More from Iron-T
Apella Resources Inc has completed the second phase of drilling at its Iron-T vanadium-iron-titanium property in Quebec Full story...Mid-West WA iron-ore developments
The development of iron-ore assets in the mid-west of Western Australia has got a little closer after progress was announced at two projects Full story...Finance
Noble and Peabody tussle over Macarthur
Commodity trader Noble Group Ltd has broken its silence over a hostile bid from Peabody Energy Corp for Australia’s Macarthur Coal Ltd Full story...
Crew Gold control causes a stir
A tug-of-war has developed between Russian steel company Severstal OAO and Canadian bank Endeavour Financial Corp, with both entities accusing the other of attempting to take control of Crew Gold Corp Full story...China’s Jinchuan makes C$150m bid for Canadian nickel miner
Jinchuan Group Ltd, the largest producer of nickel in China, has made a C$150 million (US$150 million) cash offer for Canadian nickel miner Crowflight Minerals Inc Full story...Lihir rejects Newcrest offer
Lihir Gold Ltd has rejected a takeover offer from Newcrest Mining Ltd, saying it undervalues the company’s existing business and potential value to shareholders Full story...DRDGold retains Blyvoor
DRDGold Ltd and Aurora Empowerment Systems Ltd have agreed to withdraw from an agreement signed in December for the sale of the Blyvooruitzicht gold mine west of Johannesburg Full story...Great Basin financing
Great Basin Gold Ltd has received final credit approval for a US$47 million export finance facility Full story...African Diamonds raises £9.6m
African Diamonds plc has raised the funds required to increase its stake in the AK6 kimberlite pipe to 40%, pay its share of the early works programme on the project and to explore additional areas Full story...Ivanhoe introduces shareholders rights plan
Ivanhoe Mines Ltd has adopted a shareholders’ rights plan to ensure fair treatment in the event of a takeover bid Full story...Sable increases Delta stake
AIM-listed investment company Sable Mining Africa Ltd has agreed to buy a further 36.5% of South African-based exploration and mining company Delta Mining Consolidated Ltd (DMC) from Avalon Trust Full story...Metminco lists
Australian-based Metminco Ltd has listed on AIM in London and said it has made agreements to raise £12 million Full story...African Minerals secures equity, offtake deal
China Railway Materials Commercial Corp (CRM) has entered into a definitive agreement to purchase 12.5% of exploration and development company African Minerals Ltd for about £167 million Full story...Fifth Column
Aberfan-inspired work
The Professor of Mining at Witwatersrand University in South Africa, Huw Phillips, says he has devoted most of his research during a 40-year career into mining health and safety because he had first-hand experience as a young man of Britain's worst mining disaster (the death of 116 children at the Pantglass junior school in Aberfan). Full story...Reports
Mines and Money: Hong Kong
Speakers at the Mines and Money conference in Hong Kong talk of “unstoppable” Asian demand Full story...
Still in vogue
Gold remained the favoured commodity, both in terms of supply and demand, in 2009, bucking the trend of most minerals Full story...Golden bondage
James Steel of HSBC in New York looks at the yield curves for gold. The slope of this curve (the difference between long and short-term rates) is much steeper than normal. He notes that traditional monetary economics identifies three basic factors that affect the slope of the yield curve; the current level of the real Federal funds rate relative to the long-run level, the level of near-term inflation expectations relative to longer term inflation expectations, and the level of the near-term risk premiums relative to risk longer-term risk premiums Full story...Mines of disinformation?
Despite having more technology and skill at its disposal than ever before, why does the industry still face accusations of failing to report accurately on its mineral resources? Full story...People and Appointments
Xstrata employs key representative
Xstrata plc has appointed Andile Sangqu as executive director Full story...
Oxus COO steps down
John Donald will be retiring as chief operating officer at Oxus Gold plc Full story...Triton hires CEO
Allen Govey has joined Triton Gold Ltd as chief executive officer Full story...Maghreb directors resign
Chief executive Richard Collier and non-executive director Anthony Allen have resigned from Maghreb Minerals plc, as announced in the company’s interim results Full story...Brunette resigns
Nigel Brunette has resigned as chairman and director of First Uranium Corp as part of the planned restructuring of the board Full story...Former BHP exec joins Lihir
Lihir Gold Ltd has appointed former BHP senior executive Graeme Hunt as managing director and chief executive officer Full story...Journal Team Diary
ArcelorMittal funds Olympic Games attraction
The ArcelorMittal steel group has unveiled the artist and design chosen for a new visitor attraction in London for the 2012 Olympic Games Full story...Site Search
Log inIssue: 09/04/2010
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
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Senior Hydrogeologist - Schlumberger
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