18/12/09
JFE Steel takes stake in Byerwen for US$550m
Japanese steel-maker JFE Steel Corp has paid US$550 million for a 30% stake in the Byerwen coal project in Queensland’s Bowen Basin. JFE also agreed to a long-term, 2Mt/y coking-coal offtake agreement with the majority owner, private company QCoal Pty Ltd. Full story...Decade low expected in Australian copper production
Australian refined copper production could fall to a decade low, as a key producer cuts output and processing capacity in the country is closed Full story...Top risks for 2010
Deloitte has released a report outlining the top ten issues it believes mining companies will face in 2010 Full story...Lives lost at Gold Fields mines
Gold Fields Ltd reported fatal accidents at its Driefontein and South Deep operations during the past week Full story...
Production and Markets
Kazakhstan overtakes Canada as top uranium producer
Kazakhstan is set to become the world’s largest uranium producer, despite falling below expected output in 2009 Full story...
Decade low expected in Australian copper production
Australian refined copper production could fall to a decade low, as a key producer cuts output and processing capacity in the country is closed Full story...Caledon expects improved 2010 after pulling its Cook mine sale
Caledon Resources plc has ended a nearly year-long sales process on its coking-coal assets in Queensland Full story...OGC upgrade
OceanaGold Corp (OGC) has added a further 495,000oz of gold to resources and reserves at its Macraes mine and a further 122,000oz at the Reefton mine, both in New Zealand Full story...Minto expansion is feasible
Capstone Mining Corp could extend the life of its Minto copper-gold mine in the Yukon by following the positive results of a pre-feasibility study for the phase 4 expansion of the facility Full story...Sukari stronger
Centamin Egypt Ltd has upgraded resources at its Sukari gold mine in Egypt to 10.29Moz measured and indicated, plus 3.45Moz inferred Full story...Top risks for 2010
Deloitte has released a report outlining the top ten issues it believes mining companies will face in 2010 Full story...Lives lost at Gold Fields mines
Gold Fields Ltd reported fatal accidents at its Driefontein and South Deep operations during the past week Full story...Exploration & Development
Victory reviews finance options for viable Minago
Open-pit mining of Victory Nickel Inc’s Minago nickel-sulphide project in Manitoba, Canada, could produce 11,000t of nickel-in-concentrate, according to an independent feasibility study Full story...
Bannerman prepares for Etango feasibility
Bannerman Resources Ltd is moving its Etango uranium project in Namibia forward to the definitive feasibility stage after receiving the results of a pre-feasibility study for the project Full story...First Mt Oscar assays
Apollo Minerals Ltd has completed the first drilling programme at its Mt Oscar iron-ore property in Western Australia’s Pilbara region, intersecting magnetite mineralisation in banded iron formation rocks Full story...Red Chris intercepts
Further deep drilling at Imperial Metals Corp's Red Chris copper-gold porphyry deposit in northwest British Columbia has intersected additional long intervals of mineralisation. Full story...African Diamonds funding
African Diamonds plc says it may need to raise £5 million in the middle to end of 2010 to provide its portion of capital to the AK6 kimberlite project in Botswana Full story...Jabal Sayid definitive feasibility supports 57kt/y mine
A feasibility study has found Citadel Resource Group Ltd’s 50%-owned Jabal Sayid copper-gold deposit in Saudi Arabia could support a ten-year mining operation Full story...Mmamabula Energy delay
CIC Energy Corp has suspended certain work on its Mmamabula Energy project in Mozambique, conceived to supply power to South Africa, owing to developments in that country Full story...20Mt/y plan for East Kutai
Work by Churchill Mining plc on its 75%-owned East Kutai coal project in Indonesia has concluded that the thermal coal reserves would be best mined at a rate of 20Mt/y Full story...Canadian Malartic resource raised to 11Moz
Osisko Mining Corp reports that infill drilling has joined the Canadian Malartic and South Barnat deposit at its Canadian Malartic gold project in Quebec, contributing to an increase in the measured and indicated (M&I) resource estimate for the project of about 1.3Moz contained gold, to 11.2Moz Full story...New China deposit
Hebei Provincial Bureau of Land Resources has announced the discovery of a 1,000Mt iron ore deposit in the Chinese province, according to Bloomberg News. Full story...UME intercepts
Uruguay Mineral Exploration Inc has reported more results from a drilling program on the Arenal Deeps project, which its says will enable the delivery of a final resource estimate by March 2010. Full story...Giralia's iron-ore progress
Giralia Resources NL has received reports for two of its iron-ore projects in Western Australia’s Pilbara region, outlining a scoping study for its Mt Webber direct-shipping deposit, and a resource estimate for its McPhee Range deposit Full story...Intrepid improves Tujuh Bukit resources
Intrepid Mines Ltd has increased the resource estimate for its Tujuh Bukit gold-silver project in Indonesia, with an initial inferred resource estimate for zone B at the project Full story...G-9 drilling
Farallon Mining Ltd has announced results from its recently restarted exploration at the G-9 polymetallic deposit at the Campo Morado project in Guerrero state, Mexico Full story...Ventana exploration
Ventana Gold Corp has released results from 13 additional drill holes at La Bodega gold project in Colombia Full story...Brewery Creek Assays
Golden Predator Royalty & Development Corp has reported results from a further eight diamond drill holes from its Brewery Creek project Full story...Finance
JFE Steel takes stake in Byerwen for US$550m
Japanese steel-maker JFE Steel Corp has paid US$550 million for a 30% stake in the Byerwen coal project in Queensland’s Bowen Basin. JFE also agreed to a long-term, 2Mt/y coking-coal offtake agreement with the majority owner, private company QCoal Pty Ltd. Full story...
Lucara closes C$110 million placement
Lucara Diamond Corp has completed a C$110 million (US$102 million) private placement to fund the acquisition of a controlling interest in the AK6 kimberlite project in Botswana and its further development Full story...Sylvania raises £10m
Sylvania Resources Ltd has raised £10 million (US$16.2 million) at £0.40/share Full story...Mineral Resources controls Polaris
Mineral Resources Ltd has gained a controlling 51.29% interest in Polaris Metals NL following a bidding war with Lion Asia Resources Full story...Sentula raises R502m
Sentula Mining Ltd has completed its previously announced rights offer, raising R502 million (US$67 million) and allowing the company to meet a R400 million cash call from creditors Full story...Q Copper listing delayed, raising amount decreased
Cape Lambert Resources Ltd has delayed the listing of Q Copper Australia Ltd to February while also reducing the minimum subscription amount on the raising Full story...Selwyn project entices Chinese backer
The Chinese have made further investment in the Canadian mining industry, spending C$100 million (US$94 million) to purchase 50% of Selwyn Resources Ltd’s namesake zinc-lead project in the eastern Yukon Full story...Noront bows out of Freewest battle
Noront Resources Ltd has not extended its offer for Freewest Resources Canada Inc, faced with a superior bid from Cliffs Natural Resources Inc Full story...Talison Lithium calls off IPO
Talison Lithium Ltd, one of the world’s largest producers of the metal, has scrapped its initial public offering, failing to receive an acceptable value for the company Full story...Tusker IPO
Tusker Gold Ltd launched on the Australian Securities Exchange this week following a A$10 million (US$9 million) initial public offering Full story...Mirabela raising
Mirabela Nickel Ltd has successfully placed 16.4 million shares at A$2.30 (US$2.10) each, for gross proceeds of A$37.8 million, primarily to institutional investors in Australia Full story...Solomon back in at Wesizwe
Michael Solomon and Robert Rainey were voted back on to the board of Wesizwe Platinum Ltd on Thursday, while chairman Iraj Abedian was removed, along with other directors Full story...Fifth Column
Platinum clarity
The recent announcement by Petaquilla Minerals Ltd (PML) that five of its six directors and its corporate secretary had all resigned on the same day contained no explanation for this mass exodus Full story...Reports
Mining Journal year in review
From high-profile arrests to commodity prices that soared out of the depths, the Mining Journal team takes a look back at the highs and lows of 2009 Full story...Mining Mirror: What is this China?
China's importance to the global mining industry has grown dramatically over the past decade, and this year its importance has reached unprecedented levels Full story...Moving forwards in Panama
Panama changes gear with the start of its first modern gold production Full story...People and Appointments
Fauconnier joins Xstrata
Dr Con Fauconnier has been appointed as a non-executive director of Xstrata plc Full story...Barrick’s Greg Wilkins passes away
Greg Wilkins, the former president and chief executive of Barrick Gold Corp, passed away on December 17 after battling cancer since March 2008 Full story...Site Search
Log inIssue: 18/12/09
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