11/09/09
Barrick closes hedge book
Barrick Gold Corp has sold all of the silver production from its current projects and a quarter of the life-of-mine silver production at its Pascua-Lama development project. Full story...Rio exports three billionth tonne as China talks stutter
Rio Tinto reached an historic milestone this week, shipping its three billionth tonne or iron ore from Australia Full story...
Production and Markets
Australian gold output on the up
Australia might overtake the US as the world’s second-largest gold producer, following increased output in the June quarter. Full story...
Rio exports three billionth tonne as China talks stutter
Rio Tinto reached an historic milestone this week, shipping its three billionth tonne or iron ore from Australia Full story...Gold breaches US$1000/oz
Gold passed US$1000/oz during trade this week, peaking at US$1007.70/oz on Tuesday Full story...Japan invests
Japanese oil company Idemitsu Kosan Co will spend around Y11.5 billion (US$124 million) to expand production capacity at an Australian coal mine to 4.3Mt/y by 2013 Full story...Capstone expands
Capstone Mining Corp will acquire three mineral claims immediately adjacent to its Cozamin copper mine in Mexico from Golden Minerals Co Full story...Mponeng fatality
AngloGold Ashanti Ltd announced the death of an employee on the weekend following an accident at its Mponeng gold mine in South Africa Full story...Exploration & Development
Northland moves Swedish project to feasibility
Northland Resources Inc said it will move its Kaunisvaara iron ore project in Sweden to a feasibility study after receiving “positive” results from a preliminary economic assessment (PEA) Full story...
Fronteer plans 5.7Mlb/y uranium operation
Fronteer Development Group Inc has received the results of a preliminary economic assessment (PEA) at its Michelin uranium project in Labrador, outlining the potential to develop a 5.7Mlb/y operation over a 17 year mine life Full story...Initial resource for Catface project
Selkirk Metals Corp has announced resource estimate for the Cliff zone at its Catface copper project in British Columbia Full story...Randgold to sell Kiaka
Randgold Resources Ltd has signed a letter of intent to sell its Kiaka gold project in Burkina Faso to Volta Resources Inc for C$7.6 million (US$7 million) in cash and shares Full story...Potential grows for new port in WA
Wayne Richards, managing director of Brockman Resources Ltd, said Western Australia’s next generation of iron-ore miners will have their own port following a decision by the North West Iron Ore Alliance to award the engineering pre-feasibility study contract for the project Full story...More nickel intersections at Carnilya Hill
Mincor Resources NL has announced new high-grade nickel intersections at its Cranilya Hill mine in Western Australia Full story...Chaarat intersections
Dekel Golan, chief executive of Chaarat Gold Holdings Ltd, says the latest drilling results confirm the significant potential at the company’s Chaarat deposit in Kyrgyzstan, demonstrating continuity and sustained wide intersections at the property Full story...Detour Lake project to cost US$844 million
Detour Gold Corp said this week that its Detour Lake gold project in Ontario could cost up to US$844 million to start up, as it released details of a pre-feasibility study for the project Full story...Hazelwood increases Big Hill resources by 220%
Hazelwood Resources Ltd has increased the measured and indicated tungsten resource at its Big Hill deposit in Western Australia by 220%, as well as increasing the grade for the deposit Full story...Karara gets environmental approval
Gindalbie Metals Ltd has received final approval to develop the Karara iron-ore project in the Pilbara Full story...Initial resource at Thunder Bay
Magma Metals Ltd has released an initial resource estimate for its Thunder Bay North nickel-copper-platinum group metals project in Ontario Full story...Finance
Barrick closes hedge book
Barrick Gold Corp has sold all of the silver production from its current projects and a quarter of the life-of-mine silver production at its Pascua-Lama development project. Full story...
Forrest wants C$150mln for failed Forsys marriage
George Forrest International (GFI) is seeking C$150 million (US$139 million) in compensation from Forsys Metals Corp, the company which recently dissolved a friendly merger between the two Full story...Gold Fields sells Eldorado stake for US$293mln
Gold Fields Ltd has offloaded its entire 6.97% stake in Eldorado Gold Corp to realise C$323 million (US$293 million) Full story...China in asset grab
The recent spate of Chinese investments in Australian mining assets continued this week as strategic purchases were announced in three companies focused on uranium and iron ore Full story...Harmony grabs Pamodzi Free State
Just a week after halting plans to buy the Free State mines in South Africa from Pamodzi Gold Ltd, Harmony Gold Mining Co Ltd has announced that all acquisition agreements have now been signed Full story...Vale in US$1bn note offering
VALE SA is offering US$1 billion in loan notes for general corporate purposes. The Brazilian company is joining some of its peers which issued similar instruments earlier this year. Full story...Barrick closes hedge book
Barrick Gold Corp raised US$3.5 billion this week, to eliminate it 3Moz gold hedge and reduce its 6.5Moz of floating contracts Full story...Securitised gold loan
Despite misgivings in the wider economy about securitised loans, a new financing vehicle has been launched that draws on the principles of gold-denominated lending. Full story...Golden constant
Gold Day, 20:20 seminar, Canaccord Adams, World Gold Council, Peter Hambro Mining, Pan African Resources, Chaarat Gold Holdings, Carpathian Gold Inc, Gold One International, Avion Gold Corp, Steve Sharp, Jill Leyland, Peter Hambro, Jan Nelson, Dekel Golan, Dino Titaro, Ilja Graulich, Don Dudek Full story...BarCap opens up
THE South Korean government has appointed a consortium led by Barclays Natural Resources Investments (BNRI) to manage one of its two new overseas resource funds. Full story...Atlas to take over Warwick in iron-ore merger
Pilbara iron-ore junior Warwick Resources Ltd and its 22.2% shareholder, Atlas Iron Ltd, have announced a friendly merger Full story...FerrAus investment
FerrAus Ltd has entered a strategic alliance with China Railway Materials Commercial Corp (CRM) which will see the state-owned firm take a 12% stake in the Pilbara iron-ore junior Full story...Paladin cashes up for M&A
Namibian uranium producer Paladin Energy Ltd raised A$419 million (US$360 million) this week after announcing it would undertake an institutional placement of 15% of its capital to take advantage of consolidation opportunities Full story...Kalahari funds
Kalahari Minerals plc has raised a further £10 million (US$16.5 million) following the receipt of irrevocable commitments to subscribe for secured convertible loan notes to complement the £20 million raised earlier this month Full story...IFC backs Gryphon
IFC, a member of the World Bank Group, is helping Gryphon Minerals Ltd deposits in Burkina Faso with an equity investment of A$2 million (US$1.7 million) Full story...Fifth Column
Happy building things
John Lewins has been responsible for many construction projects – taking them from feasibility study to production Full story...Reports
Diamonds search for new best friend
The diamond industry has been hit hard by the global downturn, as buyers tighten their purse strings. However, rough prices have firmed, offering hope for a revival over Diwali and Christmas Full story...
Corruption: No hiding place
There has been much publicity over recent years on the US Foreign Corrupt Practices Act 1977 (FCPA) and the high level of fines and penalties imposed for breach as well as the likelihood of imprisonment for the individuals involved. The enforcement of anti-corruption laws in the UK, particularly in respect of overseas bribery, has lagged some way behind the US, and the UK has been rightly criticised. Full story...Fund Fundamentals: Heavy performance
Mining Journal presents the 16th in a series of interviews with professional investors in the resource sector Full story...People and Appointments
Iraj Abedian appointed as Wesizwe chairman
Wesizwe Platinum Ltd has appointed Iraj Abedian as chairman to replace acting chairman Robert Gorgon Rainey Full story...Management changes at SKM
Walter Cantatore has been appointed as manager, mining & metals – South America at Sinclair Knight Merz (SKM). Full story...Bolton appointed as First Quantum CFO
Mark Bolton has been appointed as CFO of First Quantum Minerals Ltd, effective November 28. Full story...Former Ridge FD joins Mwana
Donald Mcalister has been appointed as the finance director of Mwana Africa plc. Full story...SouthGobi appoints May as COO
SouthGobi Energy Resources Ltd has announced Gavin May as its new COO Full story...Board overhaul as Gold Fields secures Glencar
The board of Glencar Mining plc has been replaced with Gold Fields Ltd representatives following the latter’s successful purchase of 83% of the company. Full story...Obituary – Cal Armstrong
Cal Armstrong, the managing director of ACA Howe International Ltd, died this Tuesday following a long illness Full story...Ganguly to head Cameco's India Office
Chaitanyamoy Ganguly has been appointed as president of Cameco Corp’s soon to be opened India office in Hyderabad. Full story...Site Search
Log inIssue: 11/09/09
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
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Senior Hydrogeologist - Schlumberger
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