16/07/2010
Tensions grow over Oyu Tolgoi
Canada’s Ivanhoe Mines Ltd has issued a 60-day notice to Rio Tinto of its intention to terminate a “strategic purchaser covenant” Full story...Indophil - strong interest since Zijin withdrawal
Management at Indophil Resources NL has said that in the short period since Zijin Mining Group withdrew a bid for the company, “strong expressions of interest” have been received Full story...Chinese to invest US$1.5 billion in Tonkolili
African Minerals Ltd has announced a binding agreement with a state-owned Chinese entity over the Tonkolili iron ore project in Sierra Leone. Full story...Riversdale to raise A$337m, exploit coal market
ASX-listed Riversdale Mining Ltd plans to raise A$337 million (US$297 million) through a share placement to “facilitate the accelerated development” of stages two and three of the Benga coal project in Mozambique Full story...
Production and Markets
Zijin apologises, and investigates leak
Zijin Mining Group, China’s largest gold producer, said the nation’s securities regulator will investigate its disclosure of an acid leak at a copper plant in Fujian province Full story...
Rio Tinto signs conservation agreement
Rio Tinto has announced that it has entered into a three-year formal collaboration with the International Union for Conservation of Nature (IUCN), to “strengthen its sustainable development efforts, environmental management and delivery of conservation outcomes” Full story...Demand for restructuring of diamond pricing
The president of the International Diamond Manufacturers Association, Moti Ganz, has called for a restructuring of diamond pricing Full story...Syama mill incident
Resolute Mining Ltd has said the mill at its Syama gold mine in Mali will be down for two weeks following a pinion-bearing failure Full story...Bribery challenges
In a letter to the editor Filp Stander, assicoate partner at Deloitte's Forensic and Dispute Services writes: "Sir, I would like to make a couple of comments on Michelle Witton's thoughtful article ‘Being prepared’ (July 9 issue) on the introduction of the UK Bribery Act, 2010 Full story...ERA lowers guidance
Mine sequencing concerns have forced Energy Resources of Australia Ltd (ERA) to lower its uranium production guidance for 2010 Full story...Minara production falls
ASX-listed Minara Resources Ltd’s nickel production for quarter to end-June was impacted by a pipeline failure. Full story...Exploration & Development
Cerro Negro study forecasts viable mine
Andean Resources Ltd has released results from an independent feasibility study that examined development of the company’s Cerro Negro gold-silver project in Argentina’s Santa Cruz province Full story...
Third time lucky for Kutcho?
Capstone Mining Corp has re-jigged the scoping study for development of its Kutcho volcanogenic massive sulphide Kutcho copper-zinc project in British Columbia for a second time Full story...Brucejack assays
Results from initial diamond-drilling at Silver Standard Resources Inc’s Brucejack gold project in British Columbia have confirmed continuity of high-grade gold-silver mineralisation, the firm said Full story...Hauraki intercepts
Glass Earth Gold Ltd has received assay results from joint-venture partner Newmont Mining Corp for holes completed at the WKP joint venture in New Zealand’s North Island Full story...Hargraves intercepts
Recent drilling at Hill End Gold Ltd’s Hargraves gold property in New South Wales targeted mineralisation in the Big Nugget Hill structure intersecting several mineralised reefs Full story...Minefinders considers La Bolsa options
An independent prefeasibility study for development of Minefinders Corporation Ltd’s La Bolsa gold-silver project in Sonora State, Mexico, has found that about 228,000oz of gold and 315,000oz of silver could be recovered over six years Full story...Conroast MoU
Jubilee Platinum plc and Northam Platinum Ltd have signed a memorandum of understanding to form a joint venture to consider building a DC arc furnace using the Conroast technology to treat concentrate output from Northam’s Booysendal project Full story...Koka set for +100,000oz/y
Chalice Gold Mines Ltd’s Koka gold project in northern Eritrea could support production of more than 100,000oz/y, according to an independent feasibility study Full story...Sinosteel Midwest passes double milestone
Sinosteel Midwest Corporation Ltd has achieved two major milestones in its development of iron-ore projects in the mid-west of Western Australia Full story...Goliath 'potentially economic'
An independent scoping study for development of Treasury Metals Inc’s Goliath gold project in Ontario found the deposit could be economic to mine Full story...Kagara seeks partner for Admiral Bay
Kagara Ltd said this week that it expected to arrange funding for a feasibility study of its Admiral Bay base-metals project in Western Australia within the next six months Full story...More from Magambazi
Canaco Resources Inc has received further results from drilling in progress at the Magambazi gold property in Tanzania Full story...Lubembe estimate at 1.5Mt copper
Metorex Ltd has received an independent resource estimate for the Lubembe copper deposit, held by its effective 77%-owned subsidiary, Kinsenda Copper Co Sprl Full story...Xstrata to build Bracemac-McLeod
Xstrata plc has begun construction of the Bracemac-McLeod base-metals mine in the Matagami area of Quebec Full story...Paymaster results
VG Gold Corp has received additional results from drilling aimed at defining an open-pittable resource at its Paymaster West gold property in Timmins, Ontario Full story...Laverton assays
Crescent Gold Ltd, continuing its drilling programme at the Craggiemore (denoted CMRC) and Mary Mac (MM) gold properties in Laverton, Western Australia, has received further “encouraging” results Full story...Lipi assay for Augur
Sydney-based Augur Resources Ltd has commenced a detailed resource drilling programme on the main Lipi zone at its Central Jampang gold project in southwestern Java, Indonesia Full story...Young-Davidson plan approved
The Ontario Ministry of Northern Development, Mines and Forestry has accepted the closure plan for Northgate Minerals Corp’s proposed Young-Davidson mine Full story...Infill drilling at Husab
“Exceptional” results have been reported from infill drilling at the Rössing South uranium deposit, which is part of Extract Resources Ltd’s Husab project in Namibia Full story...Lupa study for Shanta
AIM-listed Shanta Gold Ltd has completed a feasibility study for its Chunya gold project in southern Tanzania’s Lupa goldfield Full story...Finance
Tensions grow over Oyu Tolgoi
Canada’s Ivanhoe Mines Ltd has issued a 60-day notice to Rio Tinto of its intention to terminate a “strategic purchaser covenant” Full story...
Chinese to invest US$1.5bn in Tonkolili
African Minerals Ltd has announced a binding agreement with a state-owned Chinese company over the Tonkolili iron-ore project in Sierra Leone Full story...Fortescue says revised Australian tax causing uncertainty
Fortescue Metals Group, Australia’s third-largest iron-ore producer, is again attacking the Australian government for its proposed mining tax, now known as the Minerals Resources Rent Tax (MRRT), saying it favours the major miners Full story...Vallar IPO
Vallar plc, the mining investment vehicle led by Nat Rothschild and James Campbell, has raised £707.2 million (US$1.08 billion) in its initial public offering (IPO) to the London market Full story...DTEK’s bond sales oversubscribed, invests in local assets
Donbass Fuel-Energy Co (DTEK), the electricity supplier and largest producer of coal in Ukraine, has closed a five-year, US$500 million bond sale Full story...Namibia’s Otjikoto gold project returns to market
The Otjikoto gold project in Namibia, previously explored by a subsidiary of African Rainbow Minerals Ltd (ARM), has returned to market as the primary asset in Auryx Gold Corp’s portfolio Full story...Japanese uranium trader increases interest in Rössing South
Japan’s Itochu Corp has agreed to purchase a direct 10.3% stake in Extract Resources Ltd, which owns 100% of the Rössing South uranium project in Namibia Full story...Jinchuan Toledo deal
Toledo Mining Corp has said Jinchuan Group Ltd, the largest nickel producer in China, has agreed to purchase a 29.9% stake for £7.4 million (US$11.2 million) Full story...Minera's Killincho option
Minera IRL Ltd has entered option agreements to purchase the Killincho gold exploration project from Ingerieria y Tecnologia Minero-Metalurgica SA (ITMM) Full story...Indophil - strong interest since Zijin withdrawal
Management at Indophil Resources NL has said that in the short period since Zijin Mining Group withdrew a bid for the company, “strong expressions of interest” have been received Full story...Chinese to invest US$1.5 billion in Tonkolili
African Minerals Ltd has announced a binding agreement with a state-owned Chinese entity over the Tonkolili iron ore project in Sierra Leone. Full story...Hunter Dickinson to buy near 30% stake in European Nickel
Mining investment company, Hunter Dickinson Inc, plans to inject £40 million (US$60 million) into European Nickel plc through a two tranche share sale. Full story...Goldgroup sells El Porvenir
Canada-based Goldgroup Mining Inc has sold its 100%-owned El Porvenir gold project in Mexico to Frisco Group (the mining division of Grupo Carso SA de CV) for US$25 million Full story...Four Mile litigation
Development of the Four Mile project in South Australia is still frustrated by litigation Full story...Semafo defends corporate governance, business standards
Semafo Inc has defended the company’s corporate governance and business standards amid reports the firm is being investigated by a Niger committee established to watch for economic and financial irregularities in the African country Full story...Conquest ups offer
Australia’s Conquest Mining Ltd has increased its bid for North Queensland Metals Ltd (NQM) by A$0.05/share Full story...Top Australian Miners
The share price of two resource companies on the Australian Securities Exchange (ASX) rose by over 1,000% in the year to end-June. Papillion Resources Ltd and Groote Resources Ltd topped a ranking published this week by Perth-based ResourceStocks magazine (a sister publication of Mining Journal). Full story...Riversdale to raise A$337m, exploit coal market
ASX-listed Riversdale Mining Ltd plans to raise A$337 million (US$297 million) through a share placement to “facilitate the accelerated development” of stages two and three of the Benga coal project in Mozambique Full story...KazakhGold sues former directors
Kazakhgold Group Ltd and Jenington International Inc (a subsidiary of OAO Polyus Gold), which owns 50.1% of Kazakhgold, have initiated legal proceedings against five former directors Full story...Fifth Column
Inside job
In this week's 5th Column, Ken Gooding notes that Interpol, the international police organisation, is breathing new life into its search for Jason Holland, who is wanted in South Africa in connection with the misappropriation of US$32 million from Sentula Mining Ltd. Full story...Reports
Fuelling growth
Poland is a major coal producer, but exploration of base metals is also increasing Full story...
Little gem
Kosovo may be one of the smallest countries in Europe, but it is rich in minerals and largely undeveloped Full story...The next hope for mining investment?
Mongolia has vast mineral potential, but the country’s mining sector is at an early stage Full story...People and Appointments
New CFO at Royal
Royal Resources Ltd has hired Tony Heslop as its chief financial officer. Full story...Goldsource makes changes
Goldsource Mines Inc has appointed Eric Fier as chief operating officer and Barney Magnusson as chief financial officer Full story...Dawson appointed
This month Greg Dawson joined Copper Ridge Explorations Inc as the company’s president Full story...Xstrata chooses Brady
Xstrata has chosen to implement Brady plc’s risk management technology at an enterprise level across its copper operations and projects. Full story...Orica hires directors
Lim Chee On and Ian Cockerill have joined Orica Ltd as non-executive directors Full story...Edey joins Avocet
Avocet Mining plc has appointed Russell Edey as non-executive director and chairman Full story...Journal Team Diary
Recycled Japanese sewage for Pilbara
Recycled water from Japanese bathrooms is being considered for use at mining projects in the Pilbara region of Western Australia under a water conservation plan put forward by a Japanese research company Full story...Site Search
Log inIssue: 16/07/2010
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
Do you want to help develop the world’s most detailed commercially-available 4D Earth Model to support the mining majors?
Opportunities for Senior & Principal Level Consultants - SRK
Professionals needed for central Moscow office.
Senior Hydrogeologist - Schlumberger
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