10/07/09
China: Rio Tinto staff detained
The detention of four Rio Tinto employees in China, on allegations of spying, has baffled Australian authorities and the company, who have yet to discover the grounds on which the workers were incarcerated. Full story...Newmont fined US$500,000 for 2007 mine death
The Mine Safety and Health Administration (MSHA) in the US has fined Newmont Mining Corp more than US$500,000 for safety violations that lead to the death of a miner at its Midas underground gold mine in Nevada in June 2007 Full story...
Production and Markets
China: Rio Tinto staff detained
The detention of four Rio Tinto employees in China, on allegations of spying, has baffled Australian authorities and the company, who have yet to discover the grounds on which the workers were incarcerated. Full story...
Diamonds drop provides opportunities
A report from Metals Economic Group (MEG) shows the “unprecedented” collapse in the diamond market since June 2008 provided companies with the opportunity to obtain a holding in promising projects and mines Full story...CAMEC secures off-take for Mukondo Mountain
Central African Mining & Exploration Company plc (CAMEC) has this week secured a long term off-take agreement for cobalt in concentrate from its Mukondo Mountain mine in the Democratic Republic of the Congo (DRC) with China’s Zhejiang Galico Cobalt & Nickel Materials Co Ltd Full story...Zimbabwe will remove soldiers from diamond district
Zimbabwe’s government has vowed to gradually remove an armed presence in the country’s Marange diamond district after a damning report by Human Rights Watch called for the country’s suspension from the Kimberley Process Full story...Minister: SA not going to nationalise mines
South Africa’s minister of mines has categorically said the country will not nationalise the mining industry after a debate raised by the African National Congress party’s youth league has split opinions on the issue Full story...Mill repaired
Chinese-owned Minerals and Metals Group said the SAG mill at its Golden Grove copper-zinc operation in Western Australia was back online Full story...Sudbury labour talks break down
Labour talks between Vale SA and workers at its Sudbury nickel operations have broken down just days before a deadline for strike action Full story...Katanga funds
Katanga Mining Ltd has completed its previously announced rights offering of 1.8 million common shares for gross proceeds of US$250 million Full story...Jordan bylaw
Jordan’s Atomic Energy Commission has announced the completion of a new bylaw governing uranium mining in the Arab country Full story...Palmer moves on BHPB nickel refinery
BHP Billiton has assured the Yabulu nickel refinery in Queensland will continue to operate, following the asset’s sale to mining entrepreneur Clive Palmer Full story...Lihir exposed to gold upside
Lihir Gold Ltd paid A$57.6 million (US$45.3 million) to close out its gold hedge book, an unwanted legacy from the takeover of Equigold NL in June 2008 Full story...Newmont fined US$500,000 for 2007 mine death
The Mine Safety and Health Administration (MSHA) in the US has fined Newmont Mining Corp more than US$500,000 for safety violations that lead to the death of a miner at its Midas underground gold mine in Nevada in June 2007 Full story...Indian duty
India plans to increase import duty on gold and silver the Bombay Bullion Association has said Full story...Petra hits 1Mct mark
Petra Diamonds Ltd has reached its goal of increasing diamond production five-fold having produced 1.1Mct in the year ended June 30 Full story...Exploration & Development
Norton sets out Paddington plan
Norton Gold Fields Ltd has produced a 10-year life-of-mine plan for its Paddington gold operation in Western Australia, relying on development of a number of projects in the area. Full story...
Kensington injunction lifted
An injunction imposed on tailings permit for Coeur d'Alene Mines Corp's Kensington gold project in Alaska by a US court has been lifted. Full story...Ironbark reviews Citronen plan
Ironbark Gold Ltd has reviewed its initial plan to develop the Citronen zinc-lead project in the far north of Greenland, reducing capital costs. Full story...Grange raises Southdown resource
Grange Resources Ltd has received an independent resource estimate for its Southdown magnetite deposit in the south of Western Australia. Full story...Inter-Citic completes Dachang scoping
Inter-Citic Minerals Inc's scoping study for development of its Dachang gold project in Qinhai Province, China, has outlined a 2Mt/y open-pit operation. Full story...Chinese Beyondie understanding
Emergent Resources Ltd, investigating development of its Beyondie iron-ore project in the mid-west of Western Australia, has signed a memorandum of understanding with China Metallurgical Investment Co Ltd for a potential joint venture. Full story...Uruguayan intercepts
Uruguay Mineral Exploration Inc has received assays from infill and extension drilling at the newly-reported Arenal Deeps resource, at its producing San Gregorio gold mine in the north of Uruguay. Full story...European Nickel agrees BHPB Caldag exit
European Nickel plc has agreed terms with BHP Billiton to release the former from an off-take agreement for output from European Nickel's Caldag nickel project in Turkey. Full story...Arian considers bigger San Jose picture
Jim Williams, chief executive of Arian Silver Corp, says he restricted the scope of the recently-released preliminary economic assessment for the company's San Jose silver project in Zacatecas State, Mexico, as he didn't want to make too large an inroad into what he regards as the much larger potential at the former mine. Full story...Camec posts Bokai PGM resource
Central African Mining & Exploration Company plc has received a resource estimate for sulphide mineralisation at its 60%-owned Bokai platinum group metals (PGM) project in Zimbabwe from SRK Consultants. Full story...Oyu Tolgoi agreement goes to parliament
The ownership agreement for Ivanhoe Mines Ltd massive Oyu Tolgoi project in Mongolia may finally be within reach after reports from Mongolia suggest it has been formally submitted to parliament Full story...Etango intercepts
Bannerman Resources Ltd, drilling at its Etango uranium property in Namibia, has intersected further mineralisation within alaskites at the Oshiveli and Onkelo prospects. Full story...Shayban update
Citadel Resource Group Ltd has received further high-grade intersections from drilling at its Shayban project in Saudi Arabia. Full story...Batouri confirmation
African Aura Resources Ltd has intersected further gold mineralisation at its Batouri property in Cameroon. Full story...More Doolgunna assays
Sandfire Resources NL has discovered a second copper-gold-silver zone at its Doolgunna property in Western Australia. Full story...Woomera fallout
Minotaur Exploration Ltd reports that Japan Oil, Gas and Metals National Corp (JOGMEC) has withdrawn from two joint ventures in South Australia, partially attributing the decision to the uncertainty of land access resulting from working in the Woomera Prohibited Area. Full story...Lake Maitland Mega boost
Toronto-based Mega Uranium Ltd has reported a revised resource estimate for its Lake Maitland project in Western Australia. Full story...BC Iron approves Nullagine development
The results of a feasibility study for development of its Nullagine iron-ore project in Western Australia's Pilbara have convinced the board of directors of BC Iron Ltd to proceed with the proposed mine. Full story...Matoush intercepts
Strateco Resources Inc continuing drilling programme at its Matoush uranium property in Quebec has intersected further mineralisation in the MT-34 zone, within which higher grades were recovered in earlier drilling. Full story...Tete iron results
Baobab Resources plc has completed initial drilling at its Tete iron-ore vanadium porperty in Mozambique, testing 500m of the 8km strike length outlined. Full story...Twin Peaks assays
USCorp has intersected gold-silver mineralisation during drilling at its Twin Peaks property in Arizona, confirming that a previously-mined Quartz Dike extends belwo alluvium. Full story...Albanian assays
Initial drilling at Tirex Resources Ltd's Mirdita volcanogenic massive sulphide property in Albania has returned copper-zinc-silver-gold mineralisation from holes that tested the Letitna zone. Full story...Leadbetter results
Dianor Resources Inc reports that final results have been received for caustic fusion tests on diamondiferous conglomerate from its Leadbetter diamond property in northern Ontario. Full story...Gabriel appeal rebuffed
Gabriel Resources Ltd's appeal against a decision by Romania's environment ministry to suspend a technical review of the environmental impact assessment for the Rosia Montana gold project has been dismissed. Full story...Finance
Grupo Mexico in Asarco bid consideration
Grupo Mexico SAB has agreed to pay US$1.46 billion in cash plus a US$280 million note to take back control of bankrupt US copper miner Asarco LLC Full story...
China invests US$1.5bn in Teck
China Investment Corp (CIC) has agreed to invest C$1.74 billion (US$1.5 billion) in Teck Resources Ltd, taking a 17.2% stake in the Vancouver-based diversified producer Full story...Rio Tinto sells food packaging division
Rio Tinto has sold its Alcan Packaging Food Americas division for a total of US$1.2 billion, as part of its US$3.7 billion divestment programme Full story...Dioro bid up
Avoca Resources Ltd has raised its offer for fellow Western Australian gold producer Dioro NL and lengthened the offer deadline by a week, to attract more acceptances. Full story...NSM funding
Northern Star Mining Corp (NSM) has negotiated a private placement of up to C$20 million (US$17.18 million) Full story...PGM consolidation to continue
Recent mergers of platinum companies are set to continue, with executives and analysts agreeing the market is prime for consolidation Full story...Vale note issue
Vale SA, the world’s biggest iron-ore producer, plans to raise funds for general corporate purposes, though the issue of 65.7 million convertible notes Full story...Cape Lambert moves on Corvette
CAPE Lambert Iron Ore Ltd plans to make a takeover offer for Corvette Resources Ltd, but will not attempt to take control of other listed companies associated with CopperCo Ltd Full story...Kagara completion
Australian-based Kagara Ltd has raised more than A$150 million through institutional and retail offers Full story...Fifth Column
Paying the penalty
John Gregory Paterson has, for the first time, admitted he is guilty of fraud and illegal insider trading. Full story...Reports
Fund Fundamentals: Professional investors
Mining Journal presents the 12th in a series of interviews with professional investors in the resource sector Full story...
LegalEase: The problem of state immunity
In the final article in our legal series, Memery Crystal explores the concept of state immunity and the adverse effect it may have on a party’s ability to sue a sovereign state and enforce a judgment against it Full story...China to dictate iron ore pace
As steel production has decreased following the economic downturn, demand for iron ore has slowed. However, the high level of Chinese imports gives hope for producers and those with projects in the pipeline Full story...People and Appointments
Sundance appoints Wedlock as chairman
Sundance Resources Ltd announced that George Jones will retire as the company’s chairman, to be replaced by non-executive director Geoff Wedlock. Full story...
FerrAus appoint former-BHPB exec
FerrAus Ltd has named Mike Amundsen as managing director and chief executive officer Full story...New Banlaw directors
Three new directors have been appointed to Banlaw Africa Ltd Full story...Ambrian research boost
Peter Davey has joined the equity research division of Ambrian Capital Ltd Full story...Journal Team Diary
Goddess of the north
Carved into the landscape next to an operating coal mine, Northumberlandia, the ‘goddess of the north’, will rise 34m into the sky in northern England. Full story...Site Search
Log inIssue: 10/07/09
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Geologists- Senior and Junior Positions
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