19/03/2010
Rio Tinto and Chinalco may team up again
Rio Tinto and its largest shareholder, Aluminium Corp of China (Chinalco) have signed a memorandum of understanding to jointly develop the Simandou iron-ore project in Guinea, nine months after a strategic partnership between the two was cancelled Full story...Hochschild sues Minera Andes
Hochschild Mining plc has filed a law suit against Minera Andes Inc, its partner on the San José silver mine in Argentina, seeking repayment on a US$65 million loan Full story...Trial start for Stern Hu
After being detained for eight months in China, the trial of Rio Tinto plc’s Australian executive Stern Hu and three other company employees begins on March 22 Full story...South Africa: Fourth place for gold production
South Africa has dropped further down the ranking of the world’s gold producers, according to figures released by the nation’s Chamber of Mines this week. Full story...Vale looks to contractors
Amid union protests, Vale SA has decided to increase nickel production at its strike-bound Canadian operations by hiring outside workers. Full story...Malema linked to mining deal
South Africa’s Julius Malema, head of the ANC’s youth league behind a drive to nationalise the country’s mines, has been named by the local Sunday Times as a lobbyist in the sale of a government mining asset into private hands Full story...Vedanta in human rights trouble
Vedanta Aluminium Ltd, a unit of FTSE 100 company Vedanta Resources plc, has violated environmental guidelines in its project to extract bauxite from the Nyamgiri Hills in India’s Orissa state, according to a recent report by government experts Full story...
Production and Markets
Outside party swoops on Sishen rights
Kumba Iron Ore Ltd has announced that a third party has been granted a prospecting right to the 21.4% interest in the Sishen iron-ore mine for which Arcelor Mittal had failed to apply Full story...
Crowson: Metals Pricing - a response
In a response to a letter to his own earlier letter, Professor Phillip Crowson writes that, as a monetary phenomena, prices of metals and minerals have always been subject to a complex and ever-changing kaleidoscope of different forces. The relative strengths, and even the nature of those interacting forces, are continually shifting, often in unexpected ways. Full story...Boliden to suffer from strike
Swedish miner and smelter Boliden AB has said the strikes at Finnish harbours, which is about to enter its third week, will force the company to shut down two of its smelters Full story...Fortescue expands Solomon production target
Western Australian iron-ore producer Fortescue Metals Group has raised the production target for its third mine, and put a US$8.9 billion price on the next stages of its expansion Full story...Potash fined after mine fatality
Canadian company Potash Corp of Saskatchewan has been fined the maximum amount for its role in the death of a worker at a mine in Lanigan, which is 125km southeast of Saskatoon Full story...Vale looks to contractors
Amid union protests, Vale SA has decided to increase nickel production at its strike-bound Canadian operations by hiring outside workers. Full story...Another toll treatment deal for Firestone
Firestone Diamonds plc has been selected for a potential third De Beers toll-treatment project, this time for the assets of Namdeb Diamond Corp on Namibia’s coast Full story...Vedanta in human rights trouble
Vedanta Aluminium Ltd, a unit of FTSE 100 company Vedanta Resources plc, has violated environmental guidelines in its project to extract bauxite from the Nyamgiri Hills in India’s Orissa state, according to a recent report by government experts Full story...Avocet heads for 250,000oz/y, searches for more
Avocet Mining plc has said it will reach the 200,000oz annual production level this year and finish close to 250,000oz in 2011, as it expects to generate healthy cash margins and plans to fill its production pipeline in Africa and Asia Full story...Argus: Final note to shareholders
Don Argus has written a final letter to BHP Billiton shareholders as he prepares to depart from the world’s largest mining company at the end of March Full story...More coal prices agreed
JFE Holdings Inc and Sumitomo Metal Industries Ltd have agreed 55% coking coal price increases with Rio Tinto and Teck Resources Ltd Full story...Bulyanhulu deaths
Three workers have been killed at Barrick Gold Corp’s Bulyanhulu mine in Tanzania following a rock fall Full story...Exploration & Development
Greenfields key to future discoveries
Early in the PDAC convention, experts convened to tackle the thorny question of why, if exploration budgets were increasing, discoveries were not Full story...
MPX plans 20Mt/y Colombian operation
Energy supplier MPX Energia SA plans to develop a US$1.9 billion coal operation operating at up to 20Mt/y in Colombia, based on three potential open-pits and an underground operation Full story...Chaarat estimate rises to 4Moz
AN UPDATED independent resource estimate for Chaarat Gold Holdings Ltd’s namesake gold project in Kyrgyzstan has increased total gold contained within indicated and inferred resources by about 20% to approximately 4Moz Full story...Environmental award for Avalon, De Beers
THE Prospectors and Developers Association of Canada has given both Avalon Rare Metals Inc and De Beers its Environmental and Social Responsibility Award Full story...Certej permit finally granted
European Goldfields Ltd has gained a key approval for its 80%-owned Certej gold-silver project in Romania, previously expected in late 2008 Full story...PDAC addresses future for exploration
The keynote session at the Prospectors and Developers Association of Canada convention looked at the future for exploration and development Full story...New Boston Shaker find for Tropicana
Exploration drilling at the Tropicana gold joint venture in Western Australia has discovered “significant gold” at the Boston Shaker prospect Full story...High-grade Phoenix
Denison Mines Corp has continued its intersection of high-grade uranium mineralisation at the Phoenix zone, part of the Wheeler River joint venture in Canada’s Athabasca Basin Full story...Dargues update
Further drilling at Cortona Resources Ltd’s Dargues Reef gold deposit in New South Wales has intersected additional gold mineralisation both within and outside the resource Full story...More from Ngasamo
African Eagle Resources plc's drilling programme at the Ngasamo Hill prospect, part of its Dutwa nickel project in Tanzania, has returned further wide intersections. Full story...Runruno approval
Metals Exploration plc has received the environmental compliance certificate for its Runruno gold-molybdenum project in the Philippines Full story...Wide Malmyzh intercepts for Fortress
Initial results from Fortress Minerals Corp’s first phase of drilling at the Malmyzh copper-gold property in Far East Russia have returned hundreds of metres of copper-gold porphyry mineralisation Full story...Africa and Canada share ‘special relationship’
Africa has been, and remains, a major destination for Canadian investment , because it is “just so interesting”, according to Bruce Shapiro, MineAfrica’s president, who launched the annual MineAfrica breakfast held in conjunction with the Prospectors and Developers Association of Canada (PDAC) convention in Toronto on March 9 Full story...Finance
Rio Tinto and Chinalco may team up again
Rio Tinto and its largest shareholder, Aluminium Corp of China (Chinalco) have signed a memorandum of understanding to jointly develop the Simandou iron-ore project in Guinea, nine months after a strategic partnership between the two was cancelled Full story...
Hochschild sues Minera Andes
Hochschild Mining plc has filed a law suit against Minera Andes Inc, its partner on the San José silver mine in Argentina, seeking repayment on a US$65 million loan Full story...Lady Annie buyer revealed
Hong Kong-based China Sci-Tech Holdings Ltd has emerged as the buyer of Cape Lambert Resources Ltd’s Lady Annie copper project in Queensland Full story...Goldplat signs agreement with AngloGold
AIM-listed Goldplat plc, through its Ghanian gold-recovery business Gold Recovery Ghana Ltd (GRG), has signed an agreement with AngloGold Ashanti Ltd to purchase gold-bearing materials for processing at its Tema operations Full story...Gem records a profit
A cost-cutting strategy to combat the effects of the global financial crisis has guided Gem Diamonds Ltd to a profit for the year to end-December. Full story...Petiquilla plans raising
Canadian gold producer Petaquilla Minerals Ltd intends to raise C$11.9 million (US$11.8 million) to repay debt and further develop its Molejon project in Panama Full story...Exeter spin-off approved
A split of gold junior Exeter Resource Corp into two separate entities has unanimously been given the go-ahead by the company’s shareholders Full story...Trial start for Stern Hu
After being detained for eight months in China, the trial of Rio Tinto plc’s Australian executive Stern Hu and three other company employees begins on March 22 Full story...Toho makes a play for CBH
A bidding war is brewing for CBH Resources Ltd after the Sydney-based company revealed it had received a takeover offer from shareholder Toho Zinc Co Ltd Full story...South Africa: Fourth place for gold production
South Africa has dropped further down the ranking of the world’s gold producers, according to figures released by the nation’s Chamber of Mines this week. Full story...Malema linked to mining deal
South Africa’s Julius Malema, head of the ANC’s youth league behind a drive to nationalise the country’s mines, has been named by the local Sunday Times as a lobbyist in the sale of a government mining asset into private hands Full story...Marampa celebration, off-take deals ahead
As London Mining plc hosted an official government delegation to its Marampa project in Sierra Leone last week, the company continues to make progress in bringing the mine to production. Full story...Optimum raising US$216m in Johannesburg IPO
Optimum Coal Holdings Ltd will sell 17% of its shares to new investors for up to R1.58 billion (US$216 million) as it plans to start trading on the Johannesburg Stock Exchange (JSE) at the end of March Full story...Simmer & Jack, Gold Wheaton step in at First Uranium
Troubled South African gold and uranium producer First Uranium Corp has parted ways with its chief executive, Gordon Miller, and will undergo a heavily dilutive issue of convertible debentures supported by two large stakeholders Full story...Boost for Massey with coal takeover
The coal portfolio of Massey Energy Co has received a major boost after the company this week signed an agreement to purchase Cumberland Resources Corp. Full story...AK6 feasibility in May
A feasibility study by the new partnership of companies that owns the AK6 kimberlite in Botswana will be complete by late May, according to African Diamonds plc Full story...Eskom in court over BHPB contract
Sake24, a South African business publication, is requesting a court order to force state power utility Eskom to reveal its pricing arrangement with BHP Billiton’s two aluminium smelters in southern Africa Full story...Fifth Column
5th Column: Neighbourhood watch
Ken Gooding looks at the Hochschild family following news that Eduardo Hochschild is spending C$10 million for a 36.9% stake in Toronto-listed Zincore Metals Inc. Full story...Reports
MEG Monitor: Slump in activity
In its two-monthly analysis of metals supply, Metals Economics Group looks at the trend to end-February Full story...
Mining Mirror: The rise and rise of the global diversified miner
David Humphreys notes that for many years the oil industry was characterised by the Seven Sisters, the South African gold industry by the Big Six and aluminium by another Big Six. Today, we have the Big Five global diversified miners; BHP Billiton, Vale SA, Rio Tinto, Anglo American and Xstrata plc. The rise of the global diversified miner reflects in part the fact that a global industry demands global companies. Full story...Turkey: A new paradigm
The global economic downturn and shifting regional politics have tested the Turkish government, standing in stark contrast to the performance of the country’s resource sector Full story...People and Appointments
Bittar appointed interim CEO
Australian minerals company Batavia Mining Ltd has appointed former senior Morgan Stanley executive Greg Bittar as interim chief executive officer Full story...
Merafe CEO steps down
Steve Phiri is stepping down as chief executive officer of Merafe Resources Ltd Full story...Ballard takes up director position
John Ballard has joined International Ferro Metals Ltd as a non-executive director Full story...Venus appoints Hogan
Matthew Hogan has taken up the role of managing director at Venus Resources Ltd Full story...Fagiano joins Altona
AIM-listed energy company Altona Energy plc has appointed Peter Fagiano as senior executive in charge of project technology Full story...Page moves on
Paul Page has stepped down from the board of Stirling Resources Ltd due to other work commitments Full story...Allied Gold signs Harvey
Terrance Harvey has been appointed to the board of Allied Gold Ltd as an independent non-executive director and Canadian resident director Full story...Journal Team Diary
Bennett wins iron-ore stake
Angela Bennett has delivered a major blow to Gina Rinehart in the ongoing feud between the mining heiresses Full story...Site Search
Log inIssue: 19/03/2010
MJ Namibia Supplement 03/10
AS NAMIBIA celebrates its 20th anniversary of independence on March 21, the country is emerging from a sharp economic downturn. This has been caused by the general effects of the global recession and by the particular effects of a resultant reduction in demand for mineral commoditiesPROFESSIONAL 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
We need you in Australia or Canada
Mining Journal is looking to employ a full-time member of staff in British Columbia
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