15/01/10
Barrick fights for El Morro
Barrick Gold Corp has made a legal claim against New Gold Inc, Goldcorp Inc and affiliated subsidiaries relating to the El Morro copper-gold project in Chile. Full story...Optimism in North America
There has been a marked improvement in optimism among mining companies in North America during the quarter to end-December. However, most executives are still very concerned about their ability to secure finance and retain the confidence of shareholders Full story...MCC buys into Palmer’s Queensland coal ambitions
Metallurgical Corp of China Ltd (MCC) will reportedly make a US$200 million investment in Australian billionaire Clive Palmer’s private company Resourcehouse. Full story...Chinese Rio Tinto case progresses to next stage
China’s Public Security Bureau has transferred the case involving four of Rio Tinto’s Shanghai employees to the People’s Procuratorate, which will decide whether the case should be brought to trial Full story...
Production and Markets
Optimism in North America
There has been a marked improvement in optimism among mining companies in North America during the quarter to end-December. However, most executives are still very concerned about their ability to secure finance and retain the confidence of shareholders Full story...
Chinese Rio Tinto case progresses to next stage
China’s Public Security Bureau has transferred the case involving four of Rio Tinto’s Shanghai employees to the People’s Procuratorate, which will decide whether the case should be brought to trial Full story...Cullinan production to increase
The Cullinan diamond mine owned by Petra Diamonds Ltd will nearly triple production in the next decade under an expansion plan currently being implemented Full story...North American optimism
There has been a marked improvement in optimism among mining companies in North America during the quarter to end-December. However, most executives are still very concerned about their ability to secure finance and retain the confidence of shareholders Full story...Goldcorp forecast
Goldcorp Inc plans to produce 2.6Moz of gold at US$350/oz (on a by-product basis, and US$450/oz on a co-product basis), up from record gold production of 2.4Moz in 2009 Full story...White Mountain approval
Eldorado Gold Corp has received all necessary approvals, and production has recommenced at its 95%-owned White Mountain mine in China’s Jilin province Full story...Exploration & Development
Seabridge's KSM approaches 50Moz
Seabridge Gold Inc said it had outlined 33.7Moz of gold in measured and indicated resources at the Mitchell deposit, part of its KSM project in northern British Columbia, raising estimates for contained gold within overall resources to 49.3Moz Full story...
Cazaly's positive Parker Range prefeasibility
Cazaly Resources Ltd plans to begin a full feasibility study for development of its Parker Range iron-ore project in Western Australia's Yilgarn region, after a prefeasibility indicated it could support output of 4Mt/y of fines for five and a half years. Full story...Cazaly's positive Parker Range prefeasibility
Cazaly Resources Ltd plans to begin a full feasibility study for development of its Parker Range iron-ore project in Western Australia’s Yilgarn region, after a prefeasibility study indicated it could support output of 4Mt/y of fines product for five and a half years Full story...Meliadine estimate rises to 5Moz
Consultant Snowden has provided an updated resource estimate for Comaplex Minerals Corp’s Meliadine gold property in Canada’s Nunavut Territory, for an overall gold content of just over 5Moz Full story...REN intercepts
Novus Gold Corp has received assay results from drilling at the joint-venture REN gold property in Canada’s Northwest Territories Full story...Big Daddy chromite
Freewest Resources Inc, Spider Resources Inc and KWG Resources Inc, partners in the Big Daddy joint venture in Ontario, reported intersection of “consistent chromite mineralisation” in a recent round of drilling Full story...Molejon update
Petaquilla Minerals Ltd said its Molejon gold project in Panama has satisfied the Canadian ‘generally-accepted accounting principles’ definition of commercial production Full story...Linear lithium
Diamond drilling at Linear Metals Corp’s Seymour Lake lithium property in north-western Ontario has intersected pegmatite mineralisation in all holes Full story...Westgold intercepts
Further drilling at Westgold Resources Ltd’s Rover property in Australia’s Northern Territory has intersected high-grade gold at Rover 1 (WGR1) and base metals at Explorer 108 (NR108) Full story...Virgin River assays
Formation Metals Inc, 2%-owner of the Virgin River uranium joint venture in Saskatchewan’s Athabasca Basin, said joint-venture operator Cameco Corp intersected high-grade mineralisation at the Centennial deposit during drilling last year Full story...Barry results
Results from Metanor Resources Inc’s drilling at the Barry gold property in Quebec have, according to the company, extended the centre zone of mineralisation at the property Full story...San Carlos assays
Alamos Gold Inc has received assays from drilling completed last year at its San Carlos gold property in Mexico’s Sonora State Full story...First bar for B2Gold's Orosi
B2Gold Corp has poured the first doré bar at its Orosi open-pit gold-silver mine in Nicaragua Full story...Reko Diq hurdles reported
The Pakistani provincial government of Baluchistan plans to cancel the exploration licence for the US$3 billion Reko Diq copper-gold project, according to unsubstantiated reports Full story...Mt Milligan gets Terrane go-ahead
The board of directors of Terrane Metals Corp has approved development of the Mt Milligan copper-gold project in British Columbia. Full story...Kings Valley scoping encourages Western Lithium
Western Lithium Canada Corp plans to continue with assessment of its Kings Valley lithium project in Nevada, having received the results from a recent scoping study Full story...Glencore signs up for Perkoa
Blackthorn Resources Ltd has signed a heads of agreement with Glencore International AG to fund completion of the Perkoa zinc project in Burkina Faso Full story...Kao lease for Namakwa Diamonds
The government of Lesotho has transferred the mining lease for the Kao kimberlite pipe in Lesotho to Namakwa Batla Diamonds Ltd. NBDL is owned 62.5% by Johannesburg-based Namakwa Diamonds Ltd and France’s Batla Minerals SA (formerly El Nino Mining), with the Lesotho government owning 25% and the residual 12.5% being held by Lesotho investors Full story...Finance
Barrick fights for El Morro
Barrick Gold Corp has made a legal claim against New Gold Inc, Goldcorp Inc and affiliated subsidiaries relating to the El Morro copper-gold project in Chile. Full story...
MCC buys into Palmer’s Queensland coal ambitions
Metallurgical Corp of China Ltd (MCC) will reportedly make a US$200 million investment in Australian billionaire Clive Palmer’s private company Resourcehouse. Full story...Kopane fund raising
Kopane Diamond Developments plc intends to raise about £5.7 million (US$9.2 million) by placing 47.77 million shares at £0.12/share Full story...Kirkland raising
Kirkland Lake Gold Inc has agreed a C$32 million (US$31 million) bought-deal private placement with Wellington West Capital Markets Inc Full story...MCC buys into Palmer’s Queensland coal ambitions
Metallurgical Corp of China Ltd (MCC) will reportedly make a US$200 million investment in Australian billionaire Clive Palmer’s private company Resourcehouse, in a boost for development of the A$7.5 billion (US$7 billion) China First coal project in Queensland’s Galilee Basin Full story...Nyrstar makes $200M bid for CBH
Belgium-based Nyrstar NV has approached Australian zinc-lead-silver producer CBH Resources Ltd regarding an A$220 million (US$203 million) takeover Full story...Griffin’s worries deepen
The financial state of Griffin Coal Mining Ltd, which provides coal to Western Australian utility Verve Energy, is even worse than initially expected. A meeting of creditors this week revealed that the private company is more than A$1 billion (US$928 million) in debt Full story...Greystar boost
Greystar Resources Ltd has received proceeds of more than C$40 million (US$39 million) from the exercise of share-purchase warrants at C$4.30 each Full story...Kazakhmys financing
Kazakhmys plc has agreed a further US$200 million facility in its US$2.7 billion financing package with Kazakh sovereign-wealth fund Samruk-Kazyna Full story...First Quantum results
First Quantum Minerals Ltd reported copper production of 98,500t for the December quarter and 373,900t for the year ended December 31, 2009 Full story...Oxus Gold secures Chinese funding for Amantaytau
Oxus Gold plc has secured US$185 million in funding from a Chinese consortium allowing, further exploration Full story...Kleinfeld optimistic despite Alcoa loss
Alcoa Inc has suffered a loss of US$277 million for the December quarter, despite revenue increasing 18% from the previous quarter Full story...Better Bloom Lake financing deal
Consolidated Thompson Iron Mines Ltd has entered into an agreement to issue US$100 million of senior secured bonds to Marret Asset Management Inc, effectively replacing a standby facility previously announced in May 2009 Full story...African diamond asset deals
Obtala Resources plc and Namakwa Diamonds Ltd have announced separate purchases of diamonds assets in Africa Full story...Fifth Column
Revolving Doors
In what must surely set a record for a listed mining company, HudBay Minerals Inc will soon be appointing its fourth chief executive officer (CEO) in only two years Full story...Reports
WTO: China Clampdown
China faces World Trade Organisation scrutiny over export restrictions on raw materials Full story...
Encouraging outlook for Dominican Republic
With the start-up of new gold and copper mines, the outlook for mineral exports over the next three years is positive, despite dwindling ferronickel exports Full story...People and Appointments
SRK promotes Dixon
SRK Consulting South Africa has appointed Roger Dixon as its new chairman Full story...New mining director at UK Coal
UK Coal Ltd has announced the appointment of Gareth Williams as its mining director Full story...New Asterion chairman
David Netherway has been appointed chairman of Asterion AV Ltd. Mr Netherway is a mining engineer with over 30 years of experience in the mining industry. Full story...Projects VP for Kinross
Ken Thomas has been appointed to the newly-created role of senior vice-president for projects at Kinross Gold Corp Full story...CFO for Golden Predator
Michael O’Brien has been appointed as the chief financial officer of Golden Predator Royalty & Development Corp Full story...Xract director retires
Robert Annells retired as a non-executive director of Xtract Energy plc at the end of last year Full story...New Panthera CEO
Panthera Exploration Inc has appointed Bruce Winfield as its new president and CEO Full story...Apollo Gold VP
Yang as vice president of investor relations, with immediate effect Full story...New Copper One CEO
Alan Edwards has been appointed president and chief executive officer of Copper One Inc Full story...Site Search
Log inIssue: 15/01/10
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
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Minerals Geoscientist Vacancy - Neftex
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