13/08/2010
Rusal seeks arbitration over Norilsk
UC Rusal has appealed to the London Court of International Arbitration (LCIA) for action against Vladimir Potanin’s (picture, far right) Interros Holding Co Full story...Government departments clash with South Africa’s miners
Lonmin plc and Coal of Africa Ltd (CoAL) have been issued with notices to stop selling certain commodities, and to halt development activities on their respective projects Full story...Coal India raising may be nation’s largest
India may sell shares in Coal India Ltd and raise as much as Rs150 billion (US$3.3 billion), which would make it the nation’s largest initial public offering Full story...Zijin closures ordered after deaths
Two subsidiaries of Zijin Mining Group Co, China’s largest gold producer, have suspended mine production Full story...Vale achieves first Goro metal
Vale SA has produced the first nickel from its US$4 billion Goro lateritic project in New Caledonia Full story...Sishen twist as ArcelorMittal bids for Imperial
ArcelorMittal South Africa Ltd has offered R800 million (US$110 million) to buy the company that secured a prospecting right to the 21.4% stake in the Sishen iron-ore mine after the steel producer failed to convert to new order rights Full story...Consolidation of Russian potash
OAO PhosAgro, the world’s second largest producer of phosphate, is reported to have proposed a merger with OAO Silvinit Full story...
Production and Markets
Rusal seeks arbitration over Norilsk
UC Rusal has appealed to the London Court of International Arbitration (LCIA) for action against Vladimir Potanin’s (picture, far right) Interros Holding Co Full story...Uranium One raises production guidance, completes step in ARMZ merger
Uranium One Inc, the Kazakh uranium producer, has increased its 2010 production guidance from 6.8Mlb to 7Mlb (3,176t), following a record three-month period to end-June Full story...Accident forces Chile to push through legislation
Chile’s government is planning to overhaul the supervision of mining operations in the country following an accident at a copper mine that has left 33 miners trapped for more than a week Full story...China iron imports
Imports of iron ore to China rose by 8.5% in July, the first increase in four months Full story...Zijin closures ordered after deaths
Two subsidiaries of Zijin Mining Group Co, China’s largest gold producer, have suspended mine production Full story...Vale achieves first Goro metal
Vale SA has produced the first nickel from its US$4 billion Goro lateritic project in New Caledonia Full story...Trojan mine economically viable for restart
Mwana Africa plc said an independent report has confirmed the economic viability of a restart of operations at the Trojan nickel mine in Zimbabwe Full story...Harare diamond sale
Zimbabwe has raised US$72 million from the sale of 900,000ct of certified diamonds, according to mines minister Obert Mpofu Full story...Exploration & Development
Polymetal plans Mayskoye as feed for Amursk
OAO Polymetal has said it will develop its Mayskoye gold deposit in Russia’s Far East Chukotka region as one of a planned series of mines producing concentrate for the Amursk hydrometallurgical plant in Khabarovsk Full story...
San Antonio study supports more work
Pediment Gold Corp has received an independent preliminary assessment (or scoping study) for development of its San Antonio gold project in Baja California Sur, Mexico Full story...Resource boost for Firestone
An independent resource estimate for Firestone Energy Ltd’s coal project in the Waterberg region of South Africa has raised contained coal tonnage by 41% Full story...Mt Marion gets bigger
The resource estimate for the Mt Marion lithium joint venture in Western Australia has been increased after consultant Hellman & Schofield reviewed the calculation, following preparation of a geological model in collaboration with joint-venture partner Reed Resources Ltd, which supplied the data Full story...A39 extension
Drilling at Conquest Mining Ltd’s Mt Carlton silver project in Queensland has extended the A39 deposit, according to the company Full story...Corazon confirmation
Corazon Mining Ltd has received assays from drilling at its Lynn Lake nickel property in Manitoba, interpreted as confirming high-grade mineralisation Full story...Souma intercepts
Avocet Mining plc has received drilling results from the first phase of the programme at the Dynamite prospect, part of the Souma Trend, a gold-in-soil geochemical anomaly near its Inata gold mine in Burkina Faso Full story...Falun intercepts
Golden Rim Resources Ltd has completed the second phase of drilling at its former copper mine, Falun, in Sweden, and the results are interpreted to have extended the mineralisation along strike and to depth Full story...Lithium results
First Gold Exploration Inc has received further results from drilling at its Lac Pivert/Rose lithium property in Quebec Full story...Cockatoo posts first reserves
Cockatoo Coal Ltd has received the first reserve estimate for coal deposits at its projects in Queensland’s Bowen and Surat Basins Full story...Cononish setback
A Scottish National Park’s planning department has recommended refusal of Scotgold Resources Ltd’s application for development of its Cononish gold project Full story...Kashkasu assays
Raisama Ltd has intersected mineralisation that extends the strike length of its Kashkasu II uranium discovery in Kyrgyzstan Full story...Dornod appeal
Mongolia’s Nuclear Energy Agency has appealed the court ruling concerning Khan Resources Inc’s Dornod uranium property in the country Full story...More from Tucano
Beadell Resources Ltd’s drilling programme at its Tucano gold property in Brazil has returned further intersections from metallurgical and resource-definition holes Full story...Fortescue posts 1Gt at North Star
The initial resource estimate for Fortescue Metals Group Ltd’s (FMG) North Star magnetite iron-ore deposit in Western Australia’s Pilbara region has outlined more than 1,200Mt in indicated and inferred categories Full story...Husab uranium milestone
Extract Resources Ltd has published an upgrade to the uranium resource at its Husab project in Namibia. The announcement represents a ten-fold increase in indicated resources since the last statement in July 2009 Full story...Finance
Government departments clash with South Africa’s miners
Lonmin plc and Coal of Africa Ltd (CoAL) have been issued with notices to stop selling certain commodities, and to halt development activities on their respective projects Full story...
De Beers Marine Namibia restructuring
Negotiations between De Beers and the Namibian government over the restructuring of De Beers Marine Namibia (DBMN) have almost been finalised Full story...Peabody plans US$650m notes offering
Peabody Energy Corp, the world’s largest private-sector coal company, plans to issue US$650 million of senior notes Full story...Korea Electric invests US$70m in Spanish uranium
Berkeley Resources Ltd, the Spanish uranium company, has agreed to sell a 35% interest in its Salamanca uranium project to Korea Electric Power Corp (KEPCO) for US$70 million, valuing the overall project at US$200 million Full story...Simmers R100m payback
Simmer & Jack Mines Ltd said it has repaid R100 million (US$13.8 million) of a R220 million bridge loan to South Africa’s Rand Merchant Bank Ltd (RMB) Full story...Wescoal acquisition
Wescoal Holdings Ltd has purchased more coal prospecting rights as it continues to transform from a trader to South African producer of the commodity Full story...Crowflight financing
Crowflight Minerals Inc said it has changed its previously announced private placement financing from a C$12 million share issue to a C$5.05 million bridge loan and a potential C$5 million private placement Full story...Coal India raising may be nation’s largest
India may sell shares in Coal India Ltd and raise as much as Rs150 billion (US$3.3 billion), which would make it the nation’s largest initial public offering Full story...Ivanhoe Mines dilutes Australian interest
Asia Pacific focused Ivanhoe Mines Ltd will see its share in subsidiary Ivanhoe Australia Ltd fall to 65% after opting not to participate in a capital raising announced by the company this week Full story...Aquarius withdraws R1bn damages claim
Aquarius Platinum Ltd’s South African subsidiary (AQPSA) has dropped its R964 million (US$133 million) claim against an Aveng (Africa) Ltd subsidiary, which it used as a contractor on its Marikana mine until December 2005 Full story...Northern Uranium investment
ASX-listed Northern Uranium Ltd said a Chinese exploration group will invest A$15.7 million (US$14.4 million) into the company to take a 51% stake Full story...Randgold chooses 'mega mine' strategy in Mali but cash costs grow
Randgold Resources plc has blamed its June-quarter cost increases on challenging conditions at the Loulo plant and on accounting rules at Morila, both in Mali Full story...First Quantum profit up
First Quantum Minerals Ltd has reported a rise in second quarter operating profit owing to a higher copper price and increased gold production Full story...Sishen twist as ArcelorMittal bids for Imperial
ArcelorMittal South Africa Ltd has offered R800 million (US$110 million) to buy the company that secured a prospecting right to the 21.4% stake in the Sishen iron-ore mine after the steel producer failed to convert to new order rights Full story...Consolidation of Russian potash
OAO PhosAgro, the world’s second largest producer of phosphate, is reported to have proposed a merger with OAO Silvinit Full story...Chalice plans raising
Chalice Gold Mines Ltd plans to raise A$12.6 million through a proposed one-for-six rights issue at A$0.42/share Full story...Fifth Column
There and back
In this week's Fifth Column, Ken Gooding comments that the Johannesburg trial of Glenn Agliotti, accused of murdering major mining fraudster Brett Kebble, is bringing back some painful memories for Mark Wellesley-Wood Full story...Reports
Waiting for growth
Investors take a cautious approach and the mining sector waits for post-election progress in Argentina Full story...
Sino-rhythm
Travel to any country in Latin America and you will see the hand of China at work Full story...Diggers and Dealers: Kalgoorlie turns political
This year's Diggers & Dealers conference featured sharp criticism of the ruling Labor Party's proposed mining tax. The event chairman, Barry Eldridge, accepted the conference's new role, and told delegates that a political stance would be taken at future events if the industry again faced an issue such as the resource tax Full story...People and Appointments
Abbott retires
Frank Abbott has retired as an executive director of Harmony Gold Mining Co after a long association with Harmony to pursue personal interests Full story...Wang joins Australasian
Australian iron-ore exploration company Australasian Resources Ltd, which is nearing the mine-construction stage at Balmoral South, has appointed Dio Wang as chief executive officer Full story...Crescent appoints Stanley
Geoff Stanley has been hired by Crescent Gold Ltd as a non-executive chairman Full story...Kent leaves Century
Margaret Kent has resigned as Century Mining Corp’s chairwoman, president and chief executive for personal reasons Full story...Collins Stewart changes
Collins Stewart Europe Ltd has strengthened its securities and corporate broking divisions with the formation of a mining team incorporating equity research, sales and corporate broking Full story...Chater made director
Valley High Ventures Ltd has appointed Geoff Chater as president and director of the company, effective September 1 Full story...Issue: 13/08/2010
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
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