12/06/09
De Beers loses South African court battle
Diamond giant De Beers has lost a South African Labour Court battle to uphold the dismissal of nearly 1500 positions from its mine Full story...Shareholders approve Oz sale to Minmetals
OZ Minerals Ltd shareholders voted overwhelmingly in favour of an asset sale to China Minmetals Corp, after the offer was increased by 15% to ward of other suitors Full story...Research reveals new uses for old mines
Researchers at Newcastle University have been investigating ways to revitalise closed or abandoned mine-sites in the UK, generating ideas that may one day be exported to the global mining industry Full story...Vale settles Asian contracts
Vale SA, the world’s largest iron-ore producer has announced that it has settled iron-ore contracts with Japan’s Nippon Steel Corp and South Korea’s POSCO Full story...Peru suspends law after protestors are killed
Peru’s government has announced that it will suspend two land-use laws that have lead to violent clashes between indigenous people and the police causing at least 40 fatalities Full story...
Production and Markets
De Beers loses South African court battle
Diamond giant De Beers has lost a South African Labour Court battle to uphold the dismissal of nearly 1500 positions from its mine Full story...
Research reveals new uses for old mines
Researchers at Newcastle University have been investigating ways to revitalise closed or abandoned mine-sites in the UK, generating ideas that may one day be exported to the global mining industry Full story...Vale settles Asian contracts
Vale SA, the world’s largest iron-ore producer has announced that it has settled iron-ore contracts with Japan’s Nippon Steel Corp and South Korea’s POSCO Full story...Letter to the editor
While technology has improved the mining industry in many ways (Technical Revolution, MJ, May 29), it has also stretched the industry’s work force, requiring those with only some degree of knowledge and training to run sophisticated equipment and data analysis. The mentoring and guidance has been limited by budgets and increasing work loads, making it difficult to spot and correct rookie mistakes Full story...Xstrata suspension
Xstrata plc has indefinitely suspended its Montcalm nickel operation in Sudbury after a geotechnical review showed structural damage to the mine. Full story...Hochschild installs own power
South American gold and silver producer Hochschild Mining plc said it has successfully completed the construction of new power lines to its operations in Peru and Argentina, in line with its target to reduce costs by 5% this year Full story...Opposition rallies
The European steel market has reacted negatively to the Rio Tinto/BHP Billiton joint venture saying that in its effect on the world iron-ore market, it is not much different from the effects which would have resulted from the takeover attempt by BHP last year Full story...Rio Tinto move helped by markets and shareholder ire
The transformation of the markets and the feedback from shareholders led Rio Tinto to decide to pull out of the deal with Chinalco, according to Jan du Plessis the company’s chairman Full story...Mozambique mining co
Mozambique’s government has approved the creation of a state mining company that will explore for and mine the country’s natural resources Full story...LKAB keeps going
LKAB, Sweden’s state-owned mining company, said it has revised proposed summer stoppages at its Malmberget and Kiruna iron-ore mines and pellet plant after seeing greater demand from Asia, the Middle East and Europe Full story...Aiming for the top
Angus & Ross plc is a company going through a period of transformation as it changes from an exploration company into a producer at its Black Angel and Nalunaq mines in Greenland, according to Mr Hall Full story...Minto resource upgraded
Capstone Mining Corp has increased the measured and indicated copper resource at its Minto mine in Yukon by 34.2% to 363,000t Full story...BHPB nickel mine suspended after worker trapped
Mining has been halted at BHP Billiton’s Leinster nickel operation as Western Australian authorities investigate an incident which left a mine worker trapped underground for 16 hours Full story...Three gold mines sold by Yamana
Yamana Gold Inc will sell three gold mines to Aura Minerals Inc for US$200 million Full story...Peru suspends law after protestors are killed
Peru’s government has announced that it will suspend two land-use laws that have lead to violent clashes between indigenous people and the police causing at least 40 fatalities Full story...Exploration & Development
Adamus gives go ahead for Southern Ashanti
An updated feasibility study has convinced Adamus Resources Ltd to develop its Southern Ashanti gold project in Ghana. Full story...
Emba Derho scoping shows potential
An independent scoping study has indicated Sunridge Gold Corp's Emba Derho polymetallic volcanogenic massive sulphide (VMS) deposit, part of its Asmara property in Eritrea, could be developed into a ten-year mine. Full story...Cuervo intercepts
Diamond drilling at Cuervo Resources Inc's Cerro Ccopane iron-ore property in southern Peru has interected magnetite mineralisation at the Aurora prospects, which the company described as the smallest of the property. Full story...Bucko Lake reaches commercial output
Crowflight Minerals Inc has achieved commercial levels of production throughput at its Bucko Lake nickel operation in the Thompson Nickel Belt of Manitoba. Full story...Iron Valley additions
Iron Ore Holdings Ltd's continuing drilling programme at its Iron Valley iron-ore property in Western Australia's Pilbara region has intersected additional Brockman mineralisation. Full story...Firawa intercepts
Further drilling at Forte Energy NL's Firawa uranium property in Guinea has returned additional mineralisation. Full story...727 assays
Pacrim Energy Ltd has intresected high-grade gold mineraisation in reverse-circulation drilling at the 727 prospect at its Redcliffe property near Leonora in Western Australia. Full story...BHP Billiton halts Haju development
BHP Billiton has stopped development of its Haju open-pit coking-coal project in Indonesia, which it said was "not a sufficient fit" with its long-term investment strategy. Full story...Study update gives longer life for Twangiza
An updated feasibility study for Banro Corp's Twangiza gold project in the Democratic Republic of the Congo has reduced initial capital costs and extended the life of the proposed operation by a third. Full story...Hathor's Roughrider returns remarkable results
Further drilling results from Hathor Exploration Ltd's 90%-owned Midwest Northeast uranium property in northern Saskatchewan have confirmed the high-grade nature of the Roughrider zone. Full story...Kanyika offtake
Globe Metals and Mining Ltd has signed a second offtake memorandum of understanding for output from its planned Kanyika niobium project in Malawi. Full story...Mooiplaats commissioned, but awaits new schedule
Coal of Africa Ltd has completed commissioning of the first module of the 110,000t/mth coal-handling and preparation plant at its US$65 million Mooiplaats thermal coal project in Mpumalanga, South Africa, but it is revising the mining schedule. Full story...Scoping confirms potential for Overland
A combined open-pit and underground operation could be developed at the Yukon Base Metals project in Canada, according to an independent scoping study commissioned by Overland Resources Ltd, which holds an option over a 90% interest. Full story...Mid-East alliance
AngloGold Ashanti Ltd has signed a regional exploration alliance with privately-held Thani Dubai Mining Ltd concerning the Middle East and northern Africa. Full story...Beyondie intercepts
Emergent Resources Ltd has received assay resutls from a second phase of drilling at its Beyondie magentite iron-ore property in the mid-west of Wesstern Australia. Full story...Konkera North results
Ampella Mining Ltd has confirmed gold mineralisation over a strike length of about 2km at the Konkera North prospect at its Batie West property in Burkina Faso. Full story...Andean raises resource for Cerro Negro
Additional drilling since a prefeasibility study last year has identified additional gold mineralisation at Andean Resources Ltd's Cerro Negro project in Santa Cruz, Argentina. Full story...Vista pushes on at Mt Todd
Vista Gold Corp will continue with work at its Mt Todd former gold mine project in Australia's Northern Territory "as a matter of priority", according to president and chief operating officer Fred Earnest. Full story...Uenke Bulak results
Drilling at Central Asia Resources Ltd's 60%-owned Uenke Bulak gold-silver prospect in Kazakhstan has intersected aditional mineralisation. Full story...Malartic Midway assays
Northern Star Mining Corp's continuing drilling programme at its Malartic Midway gold property near Val d'Or in Quebec, has intersected further mineralisation. Full story...Chile-Ecuador deal
Chile's state-owned copper producer, Codelco has signed an exploration agreement with Ecuador for copper in areas designated by the latter. Full story...Mascota intercepts
Ventana Gold Corp's drilling programme at the Mascota prospect, part of its Bodega gold property in Colombia has intersected further high-grade gold mineralisation, confirming the continuity of mineralisation 250m down-dip of the known zones. Full story...Jubilee's Tjate resource update
Colin Bird, chief executive of Jubilee Platinum plc, says a recent resource estimate confirms the company's view that the 63%-owned Tjate platinum group metals (PGM) property on the eastern limb of the Bushveld Igneous Complex of South Africa contains a major PGM resource. Full story...Finance
Shareholders approve Oz sale to Minmetals
OZ Minerals Ltd shareholders voted overwhelmingly in favour of an asset sale to China Minmetals Corp, after the offer was increased by 15% to ward of other suitors Full story...
Creasy, Apex spin off nickel assets to Croesus
Apex Minerals NL and famed Australian prospector Mark Creasy will vend their nickel assets into former gold producer Croesus Mining NL Full story...Condor rejects offer
Condor Resources plc has rejected an unsolicited offer by Worldwide Natural Resources plc, calling the offer an unwelcomed distraction form the share exchange proposed with Grafton Resources Investment Ltd Full story...Minera funding
Minera IRL Ltd conditionally raised approximately US$15 million through the placing of shares Full story...Las Cruces debt covered
Toronto-listed Inmet Mining Corp has raised C$348 million (US$316 million) to repay indebtedness connected to project financing for the Las Cruces copper mine in Spain Full story...Zambia bail out
Zambia’s Chamber of Mines has suggested the country’s government borrows money to bail out struggling copper mining companies, rather than taking a stake in ailing mines. Full story...Cash inflow to cover development, debt
Several companies secured financing this week to cover liabilities associated with project development Full story...Fifth Column
Double fame down south
Peter Skeat is well known in South Africa for two reasons in particular. Firstly, in the mid-1980s he successfully pioneered the use of open cast mining techniques at gold projects in the Witwatersrand Basin and platinum projects in the Bushveld Igneous Complex (BIC), thereby changing the way the industry mined near surface resources. Full story...Reports
Is Zimbabwe turning around?
The mining sector seems to be getting back on track slowly in Zimbabwe. Our reporter on the ground writes what are the challenges that lie ahead Full story...
Asia braced for uplift
More than 400 delegates attended last week's Mines and Money Asia conference in Hong Kong to hear about the region's burgeoning role in the world Full story...Uzbekistan: waiting to be unlocked
Powered by one of the world’s biggest open pit gold mines, Muruntau, Uzbekistan’s mining sector is full of potential. The government is looking to promote much-needed exploration of the state Full story...Government helps mining stay afloat in Kazakhstan
Gold mining companies in Kazakhstan, the largest of the former Soviet states, are still managing to raise finance despite the economic crisis. The government has reduced mining taxes to help all companies overcome this difficult period Full story...Kyrgyzstan holds its own in CIS
Kyrgyzstan is well-known for its gold and rare earth metal deposits and hosts one of Asia’s largest gold deposits. There has been reasonable interest in the country’s gold and uranium deposits. Full story...People and Appointments
ARCELORMITTAL SHAKES UP COMMITTEES
ArcelorMittal has decided to update the composition of its committees at board level and create a new risk committee Full story...SIR RUDOLPH STEPS DOWN
Peter Hambro Mining plc announced the retirement of Sir Rudolph Agnew as a non-executive director with effect from 2 June 2009 and the appointment of Charles McVeigh III as a non-executive director which will take effect on 25 June 2009, following the annual general meeting Full story...WALSH JOINS RIO TINTO BOARDS
Sam Walsh, chief executive of Rio Tinto Iron Ore, has been appointed to the boards of Rio Tinto plc and Rio Tinto Ltd as an executive director, effective immediately Full story...CAULDRON RESTRUCTURES
Australian uranium company Cauldron Energy Ltd, previously known as Scimitar Resources Ltd, has restructured its board following its merger with Jackson Minerals Ltd Full story...VENTANA BOARD MOVE
Ventana Gold Corp has appointed Robert Pirooz to the board, effective immediately Full story...Journal Team Diary
IT WAS AN HONOUR
A Western Australian geologist and a leading Australian coal mining figure have been included in the Queen’s Birthday honours list Full story...Site Search
Log inIssue: 12/06/09
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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