10/04/09
Grupo Mexico set to appeal US$6bn Asarco court ruling
Grupo Mexico SAB has been ordered to pay more than US$6 billion in cash and equity to its former subsidiary Asarco LLC. A US District Court ruled Grupo Mexico had fraudulently transferred Asarco’s 54.18% stake in Southern Copper Corp to itself in 2003. Full story...Rare blue diamond goes on sale
A rare blue diamond, unearthed by Petra Diamonds Ltd at its Cullinan diamond mine in South Africa, is scheduled to go on sale at Sotheby’s next month with a price tag of between US$5.8 and US$8.5 million Full story...Chile ministries sign accord to cut water use
Chile’s Minister of Mines and Minster of Public Works have agreed to work together on a programme to improve water efficiency in the country’s mining industry. Full story...Alrosa resumes diamond trade through Antwerp
Russia’s largest diamond producer, Alrosa Co Ltd, has resumed trading in Antwerp with the sale of US$500 million of rough. Full story...Fortescue and founder in court
Fortescue Metals Group Ltd, Australia's third-largest iron ore miner, misled markets five years ago about deals it struck with Chinese firms, Australia’s securities watchdog told a court hearing on Monday. Full story...
Production and Markets
Vale halts Goro development after acid spill
Cia Vale do Rio Doce (Vale) has halted development of the acid plant at its Goro nickel project following an acid spill into a local waterway last week. Vale said work will resume at the acid plant after an investigation into the spill has been conducted Full story...
Rare blue diamond goes on sale
A rare blue diamond, unearthed by Petra Diamonds Ltd at its Cullinan diamond mine in South Africa, is scheduled to go on sale at Sotheby’s next month with a price tag of between US$5.8 and US$8.5 million Full story...Gold to challenge US$1,100/oz in 2009 - GFMS
The price of gold is likely to test US$1,100/oz in 2009 as investors return to the precious metal lead by worries over inflation, potential dollar weakness and continued financial weakness, GFMS, said Full story...Caledonia to restart Blanket mine
Caledonian Mining Corp has announced that it will imminently reopen its Blanket gold mine in Zimbabwe, becoming the latest in a stream of gold producers to resume operations following changes to the country’s fiscal policy Full story...Guinea refinery
UC Rusal’s alumina refinery in Guinea is operating at 40% of its capacity, the minimum operating capacity, the Russian company has confirmed Full story...Zimbabwe diamonds
The World Federation of Diamond Bourses (WFDB) has warned members of affiliated bourses not to trade in conflict diamonds from the Marange deposits in Zimbabwe Full story...More woes for ferrochrome producers as prices drop
South Africa’s face further trouble ahead as prices for the June quarter have been settled at US$0.69/lb, down 13% from the previous quarter Full story...India import halt
India has not imported any gold in the past two months and imported just 63,400oz in January, down 90% from a year earlier, the Bombay Bullion Association said Full story...Strike won’t impact output
Pan American Silver Corp said a strike at its Morococha mine in Peru would not impact on the company-wide annual production forecast of 21.5Moz. Full story...Better to be a have than a have-not
Phil Halliday talks to Graeme Hossie, managing director of London Mining Full story...Chile ministries sign accord to cut water use
Chile’s Minister of Mines and Minster of Public Works have agreed to work together on a programme to improve water efficiency in the country’s mining industry. Full story...Alrosa resumes diamond trade through Antwerp
Russia’s largest diamond producer, Alrosa Co Ltd, has resumed trading in Antwerp with the sale of US$500 million of rough. Full story...Iluka cuts production as mineral sands demand slumps
Iluka Resources Ltd will cut its mineral sands production in Australia as a result of weaker demand for the product, it has announced Full story...Rio axes Queensland alumina jobs, cuts production
Rio Tinto will curtail expansion of the Yarwun alumina refinery and reduce production from its Weipa bauxite mine, resulting in the loss of 705 jobs, in response to the drop in the alumina price Full story...Wanted: one mayor for deadly coal town
They are not jobs with particularly alluring qualities, mayor and Communist Party boss in the northern Chinese city of Linfen where last year 270 coal miners died in a mining accident Full story...Weight loss challenge
Australia’s mining industry has more overweight workers than any other sector, but an onsite weight loss programme aims to help miners shed those extra pounds Full story...Equinox plans offering for C$160 million
Equinox Minerals Ltd has announced that it plans to raise C$160 million (US$128 million) through an equity offering in Canada Full story...Build or buy
BHP Billiton may turn to building its own new copper mines rather than acquiring properties as the costs of development falls as energy and materials become cheaper Full story...Kenyan reforms
Kenya has announced that it plans to produce a new mining law that will reduce the powers of the commissioner of mines and restrict the minister’s ability to grant exclusive mining licences to investors Full story...Exploration & Development
Terramin's Tala Hamza viable 'even now'
Terramin Australia Ltd’s Tala Hamza zinc-lead project, part of its Oued Amizour property in Algeria, would be economically viable even at current metals prices, according to a prefeasibility study. Full story...
Blue Ridge delivers first concentrate
Ridge Mining plc has delivered the first platinum group metals (PGM) concentrate from its 50%-owned Blue Ridge project in South Africa to Impala Refining Services. Full story...Cap-Oeste intercepts
A drilling programme at Patagonia Gold plc's El Tranquillo property in Santa Cruz province, Argentina, has intersected further high-grade gold-silver mineralisation at the Cap-Oeste deposit. Full story...Magma assays
Magma Metals Ltd reported "further excellent" results from drilling at its Thunder Bay North nickel-copper-platinum group metals (PGM) discovery in Ontario. Full story...Ayding coal resource
China’s Xinhua news agency reports that the Xinjiang Bureau of Coal Geology has outlined a 3,000Mt coal deposit in the region, in the area of Ayding Lake Full story...Banfora doubled
Gryphon Minerals Ltd has increased the resource estimate for its Banfora gold deposit in Burkina Faso, doubling contained gold to 820,000oz Full story...Balmoral South reserve raised, financing struggles
Australasian Resources Ltd has received new resource and reserve estimates for the A$2.7 billion (US$1.92 billion) Balmoral South iron-ore project in Western Australia's Pilbara region from consultants Snowden and Orelogy, respectively. Full story...Bepkong intercepts
Azumah Resources Ltd’s continuing reverse-circulation drilling programme at the Bepkong prospect of its Wa-Lawra gold property in Ghana has confirmed a new zone gold mineralisation Full story...Marenica results
Western Australian Metals Ltd said it continued to receive "encouraging" chemical assays from drilling at its Marenica uranium property in Namibia. Full story...De Beers DRC exit
De Beers has stopped diamond exploration in the Democratic Republic of the Congo, blaming the global economic downturn. Full story...San Agustin resource boost
Silver Standard Resources Inc has received the first independent resource estimate for its San Agustin polymetallic deposit in Mexico since Geologix Explorations Inc decided not to exercise its option to buy the property. Full story...Sandman assays
Fronteer Development Group Inc has received results from Newmont Mining Corp's initial holes at the Sandman joint-venture gold property in Nevada. Full story...Wheeler River assays
The final holes of Denison Mines Corp's winter drilling programme at its 60%-Wheeler River uranium property in northern Saskatchewn intersected more high-grade pitchblende mineralisation. Full story...Cameco gears up for Kintyre
Cameco Corp has opened an office in Perth, Western Australia, as part of its preparations for exploration of the Kintyre uranium project, with a joint venture between Cameco (70%) and Mitsubishi Corp (30%) bought from Rio Tinto last year for US$495 million in a tender. Full story...Minto assays
Capstone Mining Corp has completed additional exploration drilling in the vicinity of its Minto copper-gold mine in Canada's Yukon territory. Full story...Serra Azul rise
SRK Consulting has compiled a new resource estimate for the Serra Azul iron-ore deposit in Minas Gerais, Brazil, owned by MMX Mineraçao e Metallicos. Full story...Navidad metallurgy
Aquiline Resources Inc has received metallurgical test results from consultant G&T Metallurgical Services regardnig samples from the Valle Esperanza and Barite Hill zones of Aquiline's Navidad silver project in Argentina. Full story...Lake Giles increase
An updated resource estimate for Macarthur Minerals Ltd's Lake Giles magnetite iron-ore deposit in Western Australia has increased resources by 73%. Full story...Antam faces licence problems
Mining licence issues in Indonesia are holding up two integrated mining-stainless-steel projects planned by PT Antam Tbk. Full story...Pirquitas inauguration for Silver Standard
The president of Argentina, Cristina Fernandez de Kirchner, attended the inauguration of Silver Standard Resources Inc’s Pirquitas silver mine in Jujuy province this week. Full story...Mantra confident at Mkuju River
Mantra Resources Ltd expects to complete a scoping study for its Mkuju River uranium property in Tanzania during June, according to joint managing director Matthew Yates, targeting an operation capable of producing 2.5Mlb/y. Full story...WA seeks to boost exploration
A new five-year programme has been launched by the Western Australian government to increase the amount of minerals and petroleum exploration in the state. Full story...Finance
Grupo Mexico set to appeal US$6bn Asarco court ruling
Grupo Mexico SAB has been ordered to pay more than US$6 billion in cash and equity to its former subsidiary Asarco LLC. A US District Court ruled Grupo Mexico had fraudulently transferred Asarco’s 54.18% stake in Southern Copper Corp to itself in 2003. Full story...
Teck signs Chile mine gold-royalty deal
Teck Cominco Ltd has agreed to sell an interest in gold production from the Andacollo copper mine in Chile (pictured) to Royal Gold Inc for US$270 million. State-owned Enami, 10% owner of Andacollo, will receive US$30 million in the deal Full story...GFMS survey: Gold may reach US$1,100/oz this year
The price of gold is likely to test US$1,100/oz in 2009 as investors return to the precious metal driven by worries over inflation, potential dollar weakness and continued financial weakness, GFMS said. Full story...BHPB taxes
BHP Billiton has won a A$643 million (US$457 million) dispute with the Australian Tax Office over its Boodarie iron-ore plant Full story...Lundin share sale to relieve credit pressure
Toronto’s Lundin Mining Corp plans to raise up to C$188.6 million (US$152.6 million) through a share sale. Full story...Moto project funding
Moto Goldmines Ltd plans to raise up to C$57.5 million (US$46.4 million) through a bought-deal equity issue Full story...No Griffin/Ivernia merger over claims of poor corporate governance
Griffin Mining Ltd has dropped its C$27 million (US$21.7 million) takeover bid for Ivernia Inc, claiming the Toronto Stock Exchange allowed Ivernia to lower the strike price of convertible notes, without approval, which will dilute other shareholdings. Full story...Coal of Africa stake
ArcelorMittal South Africa has acquired, from its parent company, a 16.3% stake in Coal of Africa Ltd (CoAL) for R404.5 million (US$44.2 million) Full story...Fortescue and founder in court
Fortescue Metals Group Ltd, Australia's third-largest iron ore miner, misled markets five years ago about deals it struck with Chinese firms, Australia’s securities watchdog told a court hearing on Monday. Full story...Fifth Column
Browse the entire database for articles from this section
Reports
Mining gulf
Insufficient support is given to the mining industry in the Middle East despite the undoubted mineral wealth of the region. This was the view of numerous speakers at last week’s Mines and Money Gulf conference in Dubai. Full story...Focus
Investor Day: Silver in the spotlight
It has been a difficult six months but Great Panther Resources has emerged from the downturn more cost-efficient and is looking forward to the coming year, according to Bob Archer, chief executive of the Mexico-focused silver group. Full story...
Peru
Mining is vitally important for the Peruvian economy: it contributes US$18.66 billion – 59% – to the value of the country’s exports. Peru is rich in copper, silver, lead, zinc and gold, reports Carlos Soldi Full story...People and Appointments
Managing director at World Gold Council
World Gold Council announced the appointment of Jason Toussaint as managing director of Exchange Traded Gold, the World Gold Council’s global initiative designed to promote and develop the gold exchange-traded fund and exchange-traded commodity market. Full story...
Extract's Namibian director
The board of Extract Resources Ltd has appointed Inge Zaamwani-Kamwi as an additional independent director. Full story...Archangel changes
Archangel Diamond Corp has announced the resignation of Tony Guthrie as a board member. Full story...Merger movements
Victory Nickel Inc announced that Richard Murphy has resigned from the board of directors. Full story...Zisch joins Royal Gold
Royal Gold Inc, a precious metals royalty company, named William Zisch as vice-president operations. Full story...Chairman at Solitario
Solitario Exploration and Royalty Corp has announced Brian Labadie has been appointed to the board. Full story...Continental Coal chief
Continental Capital Ltd has appointed Petrus Snyders as chief executive of majority-owned subsidiary Continental Coal Ltd. Full story...Site Search
Log inIssue: 10/04/09
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
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
SEARCH FOR NEWS BY COMPANY
Recently Created or Updated Company News Portals
READ IN-DEPTH REPORTS
SPECIAL FEATURES
RESOURCE NEWS