09/07/2010
Asian companies target Australian coal
Thai company Banpu plc is to use a takeover of Australia’s Centennial Coal Ltd as the first step in “driving further consolidation in the sector” Full story...European Commission rejects cyanide ban
The European Commission has rejected a proposed Europe-wide ban on cyanide use in mining activity after deciding that the ban was not justified from an environmental or health perspective Full story...Chinalco may buy stake in Oyu Tolgoi
Ivanhoe Mines Ltd has had discussions with Rio Tinto about converting the mining giant’s equity stake into a direct holding in the Oyu Tolgoi (OT) project, as well as bringing Aluminium Corp of China (Chinalco) into the fold Full story...Seven miners die in South Africa
Seven miners were killed in South Africa this week, including five at Aquarius Platinum Ltd’s Marikana No4 shaft on July 6 after a fall of ground Full story...Fund sells Vedanta on Orissa concern
Zeist-based PGGM, the second-largest pension-fund manager in the Netherlands, has liquidated all of its positions in Vedanta Resources plc, and its group companies Full story...Wage deadlock ends at Sudbury
Vale SA has reached a “tentative” agreement with workers in Canada, which could end a year-long labour strike at its Sudbury and Port Colborne nickel mines in the country Full story...
Production and Markets
European Commission rejects cyanide ban
The European Commission has rejected a proposed Europe-wide ban on cyanide use in mining activity after deciding that the ban was not justified from an environmental or health perspective Full story...
Xstrata approves US$1.47bn copper project
The board of Xstrata plc has approved the US$1.47 billion Antapaccay copper development in Peru Full story...Seven miners die in South Africa
Seven miners were killed in South Africa this week, including five at Aquarius Platinum Ltd’s Marikana No4 shaft on July 6 after a fall of ground Full story...ACCC delay
The Australian Competition and Consumer Commission (ACCC) has once again delayed the date that it was to release its findings on the proposed merger of Rio Tinto and BHP Billiton’s Australian iron-ore assets Full story...Wage deadlock ends at Sudbury
Vale SA has reached a “tentative” agreement with workers in Canada, which could end a year-long labour strike at its Sudbury and Port Colborne nickel mines in the country Full story...Exploration & Development
Aquila iron-ore project to cost A$5.77bn
Aquila Resources Ltd has released a definitive feasibility study (DFS) on the West Pilbara iron-ore joint venture, estimating a A$5.77 billion (US$4.9 billion) capital cost for the 30Mt/y first stage of operation Full story...
Hosco resource jumps
Aurizon Mines Ltd has updated the contained gold resource on its Hosco deposit by 35% to 1.73Moz Full story...Woulfe's optimism in Korea
The chief executive of Woulfe Mining Corp, Brian Wesson, is talking to investors in Europe over the next two weeks about the rebirth of the South Korean mining industry Full story...Resource at Kiaka for Volta
Volta Resources Inc has announced a maiden NI 43-101 compliant resource for its Kiaka gold project in Burkina Faso. The resource estimate, compiled by SRK Consulting, is based on more than 25,000m of drilling by Volta and the previous owner Randgold Resources Ltd. Full story...Prosperity doubts
A Federal Review Panel (FRP), appointed by Canada’s minister of the environment, has concluded that an open pit on Taseko Mines Ltd’s Prosperity property would have several negative impacts on the environment. Full story...Kvanefjeld progress
Greenland Minerals and Energy Ltd has secured financing for its Kvanefjeld project Full story...Low stocks of antimony
State-owned China Minmetals Corp has denied market rumours that it is running low on stocks of metal to feed its antimony trioxide plants and had been looking to buy material Full story...Low stocks of antimony
State-owned China Minmetals Corp has denied reports that it is running low on stocks of antimony. Full story...Mt Peake scoping study
TNG Ltd has commissioned a scoping study for its 100%-owned Mount Peake vanadium project in the Northern Territory Full story...San Pedro status questioned
The future of New Gold Inc’s operating San Pedro mine in San Luis Potosi, Mexico, has been cast into doubt by a ruling from the country’s Fifth Auxiliary District Court Full story...Warrawanda resource
Atlas Iron Ltd has released a maiden inferred resource on its Wishbone deposit. Full story...Isua update confirms 10Mt/y option
An updated prefeasibility study for London Mining plc’s Isua iron-ore project in Greenland has confirmed that the deposit could support a viable 10Mt/y operation, twice the output of the original plan Full story...Globe boost in Malawi
A 77% increase in measured and indicated resources has been reported by Globe Metals & Mining Ltd on its Kanyika niobium deposit in central Malawi Full story...McPhee Creek assays
Giralia Resources NL has confirmed thick iron-ore mineralisation outside both the resource estimate and the exploration target at its McPhee Creek property in Western Australia’s Pilbara region Full story...Breznik extended
Euromax Resources Ltd reports that drilling at its Breznik gold-silver property in Bulgaria has extended the strike length of known mineralisation from 1km to about 2.2km Full story...Tollu intercepts
Redstone Resources Ltd has intersected high-grade copper mineralisation during drilling at its Tollu property in Western Australia Full story...Fast-track development plan at Askaf
Sphere Resources Inc has adapted its development strategy for the Askaf iron-ore project in Mauritania Full story...Touquoy to cost C$123m
A definitive feasibility study has been completed on stage one of Atlantic Gold NL’s Touquoy-Cochrane Hill gold project in Nova Scotia, Canada, suggesting a C$123 million (US$116 million) capital cost Full story...Maiden resource at Warrawanda
Atlas Iron Ltd has released a maiden inferred resource on the Wishbone deposit at the Warrawanda project, 50km southeast of Newman in Western Australia Full story...New zones at Kunche-Bepkong
Drilling has confirmed two new zones at Azumah Resources Ltd’s Kunche-Bepkong deposits at the Wa gold project in Ghana Full story...Bethania results
Minera IRL Ltd has released further results from phase one of exploration at the Bethania gold-copper porphyry project in Peru Full story...Finance
Asian companies target Australian coal
Thai company Banpu plc is to use a takeover of Australia’s Centennial Coal Ltd as the first step in “driving further consolidation in the sector” Full story...
Chinalco may buy stake in Oyu Tolgoi
Ivanhoe Mines Ltd has had discussions with Rio Tinto about converting the mining giant’s equity stake into a direct holding in the Oyu Tolgoi (OT) project, as well as bringing Aluminium Corp of China (Chinalco) into the fold Full story...Atlas-Aurox deal 'fair and reasonable'
An independent expert has found the proposed merger between Australian iron-ore companies Atlas Iron Ltd and Aurox Resources Ltd to be “fair and reasonable” Full story...Heemskirk trumps Conquest offer for North Queensland
North Queensland Metals Ltd (NQM) has accepted a takeover offer from its Pajingo gold mine joint venture partner Heemskirk Consolidated Ltd, stalling the hopes of rival bidder Conquest Metals Ltd Full story...Avocet makes Avion deal
Dual-listed Avocet Mining plc has executed a legally-binding agreement in relation to a previously announced transaction that will see Avion Gold Corp acquire a 100% interest in the Houndé group of licences in Burkina Faso Full story...DRDGold sells ERPM
DRDGold Ltd has agreed to sell mining and prospecting rights to its 74%-owned East Rand Proprietary Mines Ltd asset near Johannesburg to White Water Resources Ltd Full story...De Beers-Alrosa judment
In a letter to the editor, Suzanne Rab, counsel at Hogan Lovells, writes: "Last week, Mining Journal published an article on the judgment of the European Court of Justice in the long-running saga of the De Beers-Alrosa case Full story...Zodiac to make placement
Zodiac Exploration Corp is to raise up to C$50 million (US$47 million) through private placement of subscription receipts (the issue price of which will be determined by market conditions) Full story...... - juniors not encouraged
The major miners may be “encouraged” by the Australian government’s Minerals Resource Rent Tax (MRRT), but the same can not be said of the country’s juniors Full story...Australian tax: lift in M&A activity ...
The Australian mining industry has seen a rise in mergers and acquisitions (M&A). This follows the government announcement that it was replacing plans for a Resources Super Profits Tax (RSPT) with a Mineral Resource Rent Tax (MRRT) Full story...Oz Minerals buys into Sandfire
Australian copper miner Oz Minerals Ltd has purchased a A$100 million (US$87 million) stake in explorer Sandfire Resources NL from existing shareholders, valuing the company at over A$0.5 billion Full story...Fund sells Vedanta on Orissa concern
Zeist-based PGGM, the second-largest pension-fund manager in the Netherlands, has liquidated all of its positions in Vedanta Resources plc, and its group companies Full story...Cliffs buys US coal assets for US$757 million, completes other deals
Cliffs Natural Resources Inc, North America’s largest iron-ore pellet producer, has agreed to purchase privately-owned coal producer, INR Energy LLC for US$757 million in cash. Full story...Fifth Column
Vallar in spotlight
In this week's Fifth Column, Ken Gooding notes that James Campbell is joining with Nat Rothschild to launch a new mining investment vehicle in London. He recalls what some people call the mystery of the disappearing PhD Full story...Reports
Mining in the CIS: back on investors' agenda
A one-day symposium in London explores the investment outlook in Russia and the CIS. The Commonwealth of Independent States has hardly been the favourite destination for international mining investors during the past ten years. There are indications, however, that the mood might be changing. Full story...
Minor metals: Staying strong in summer
The minor metals have held their price heading into the northern hemisphere summer Full story...Being prepared
With the introduction of the new Bribery Act in the UK, mining companies are advised to ensure that they have fully implemented anti-corruption policies Full story...Playing catch up
Following the first year of declining production for seven years, the iron-ore sector is catching up with demand Full story...view from: RBC: Finding the next great story
The predicted rush of IPOs on the London Stock Exchange in 2010 is yet to materialise Full story...People and Appointments
Carroll succeeds Phaswana
Cynthia Carroll, chief executive of Anglo American plc, is to replace Fred Phaswana as chair of the company’s 80%-owned subsidiary Anglo Platinum Ltd Full story...Harper leaves CRG
Central Rand Gold Ltd’s (CRG) head of mining, Don Harper, has informed the company of his intention to resign as he is returning to Perth, Western Australia, for family reasons Full story...Sundance directors declared
Sundance Resources Ltd’s strategic advisors (former chairman George Jones, commercial lawyer Michael Blakiston and investment banker Adam Rankine-Wilson) have declared themselves as defacto directors of the company following an air crash on June 19, in which all of the previous board died. Full story...Rusal splits division
UC Rusal, the world’s largest aluminium producer, has announced a new structure for its aluminium division Full story...Paladin hires directors
The board of Paladin Energy Ltd has appointed Peter Donkin and Philip Baily as non-executive directors Full story...Manuel joins Mayen
Canadian exploration company Mayen Minerals Ltd has appointed Joao Manuel as a director Full story...Journal Team Diary
Campbell to testify over blood diamond
Supermodel Naomi Campbell has been ordered to testify at the international war-crimes tribunal over allegations she accepted a blood diamond from former Liberian president Charles Taylor Full story...Site Search
Log inIssue: 09/07/2010
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
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
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Mining Journal is looking to employ a full-time member of staff in British Columbia
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