19/06/09
Uranium One shows Kazakh confidence
Uranium One Inc has announced an agreement to purchase a 50% interest in the Karatau uranium mine from Russia’s JSC Atomredmetzoloto (ARMZ) in exchange for a 17% stake in Uranium One Full story...Gold discovery rate falls short
The discovery rate of new gold deposits continues to fail to meet what is needed over the long term, a new report by industry analyst Metals Economics Group has found. Full story...Zambian mines hit by blackout
A power blackout in Zambia has hit the country’s mining operations, costing one company US$1.8 million in lost production revenues Full story...Honour for coal museum director
Director of the National Coal Mining Museum, Dr Margaret Faull (pictured), has been awarded an OBE in the Queen’s Birthday Honours List for services to the industrial heritage Full story...Mongolia calls for changes to Oyu Tolgoi proposal
Mongolia’s President-elect, Tsakhia Elbegdorj, wants to change the proposed investment agreement with Ivanhoe Mines Ltd and Rio Tinto for the Oyu Tolgio copper-gold project, to take 50% of the projects profits. Full story...Indonesia law too late for miners killed in blast
Indonesia’s new mining law returning responsibility for safety back to the central government, has come too late for the 31 miners known to have died in the latest coal mining explosion in Sawahlunto, West Sumatra Full story...
Production and Markets
Uranium One shows Kazakh confidence
Uranium One Inc has announced an agreement to purchase a 50% interest in the Karatau uranium mine from Russia’s JSC Atomredmetzoloto (ARMZ) in exchange for a 17% stake in Uranium One Full story...
Zambian mines hit by blackout
A power blackout in Zambia has hit the country’s mining operations, costing one company US$1.8 million in lost production revenues Full story...Sabotage claims at Molejon
Panama’s mining chamber, Camipa, is blaming an environmental group for attempting to sabotage development of a Petaquilla Minerals Ltd gold project in the country, according to a Business News American report Full story...Mongolia calls for changes to Oyu Tolgoi proposal
Mongolia’s President-elect, Tsakhia Elbegdorj, wants to change the proposed investment agreement with Ivanhoe Mines Ltd and Rio Tinto for the Oyu Tolgio copper-gold project, to take 50% of the projects profits. Full story...Ballarat troublesome but Lihir on track
LIHIR Gold Ltd said it was still likely to produce 1.04-1.2Moz this year, despite a production forecast downgrade at its Ballarat gold mine in Victoria. Full story...Crescent deal could revive Laverton
CRESCENT Gold Ltd has signed an offtake agreement with Barrick Gold Corp for ore output from its suspended Laverton gold mine in Western Australia. Full story...Lonmin hit by furnace shutdown
Lonmin plc’s 2009 production will be impacted by the shutdown of the Number One furnace at its South African smelter Full story...Mongolia suspends Centerra licence
AUTHORITIES in Mongolia have suspended the operating licence for Centerra Gold Inc’s Boroo gold mine for a period of up to three months. Full story...Indonesia law too late for miners killed in blast
Indonesia’s new mining law returning responsibility for safety back to the central government, has come too late for the 31 miners known to have died in the latest coal mining explosion in Sawahlunto, West Sumatra Full story...Softly, softly
Phil Halliday talks to Ian Plimer, director and co-chairman of Kefi Minerals Full story...Harmony fatality
Harmony Gold Mining Co Ltd said a fall of ground accident occurred at its Masimong mine in the Free State a week ago, resulting in the death of a mineworker Full story...Oz mill down
Oz Minerals Ltd has shut down the mill at its Golden Grove copper and zinc operations in Western Australia following a mechanical failure. Full story...Guatemala violence
Protesters reportedly set fire to equipment at a Goldcorp Inc gold mine in western Guatemala last week, according to a Reuters report Full story...Exploration & Development
Gold discovery rate falls short
The discovery rate of new gold deposits continues to fail to meet what is needed over the long term, a new report by industry analyst Metals Economics Group has found. Full story...
Allied Nevada reopens Hycroft
Allied Nevada Gold Corp has officially reopened the Hycroft gold mine in Nevada, after beginning renovation of the operation in September 2007. Full story...Kalumbila confirmed as bulk target
An independent estimate for Kiwara plc's 80%-owned Kalumbila copper-nickel deposit in Zambia has defined an inferred resource of 1,380Mt at an average grade of 0.78% Cu (total), 0.04% Ni and 0.03% Co, at a total copper cut-off grade of 0.3%. Full story...Mantra begins Mkuju River prefeasibility after scoping
The results of a scoping study for development of Mantra Resources Ltd's Mkuju River uranium project in Tanzania have confirmed the Nyota prospect has potential to support an operation, and the company has begun a prefeasibility study. Full story...Tubas intercepts
Deep Yellow Ltd has intersected carnotite mineralisation during reconnaissance drilling at its Tumas-Oryx-Tubas uranium property in Namibia. Full story...Little Deer intercepts
A joint venture between Cornerstone Capital Resources Inc and Thundermin Resources Inc has intersected copper mineralisation at the Little Deer property in Newfoundland. Full story...More Caspiche assays
Exeter Resource Corp has received additional results from drilling at its Caspiche gold-copper porphyry property in Chile. Full story...Carosue Dam power
Saracen Minerals Holdings Ltd has received confirmation that mains power will be supplied to the Carosue Dam facilities, part of its Laverton gold project in Western Australia. Full story...Stratex outlines Turkish development understanding
Stratex International plc has signed a memorandum of understanding with a Turkish construction and contract-mining company for development of its Inlice and Altintepe gold projects in the country. Full story...Santa Rita deadline pushed back
Initial production at Mirabela Nickel Ltd's Santa Rita nickel project in Bahia, Brazil, is not expected until September this year, having been originally forecast for next month. Full story...Underworld discovery
Underworld Resources Inc has received drilling results from an new wide gold discovery at its White Gold property in Canada's Yukon Territory. Full story...More from Mariners
Mincor Resources NL has intersected additional nickel mineralisation below current workings at its Mariners mine in Kambalda, Western Australia. Full story...Resolute completes Syama revival
The first gold was poured from the sulphide processing circuit at Resolute Mining Ltd's 80%-owned Syama gold mine in Mali this week, confirming the redevelopment of the mothballed operation. Full story...Iamgold aims for early Essakane start
Iamgold Corp has moved the deadline for first production at its 90%-owned Essakane gold project in Burkina Faso to August next year from late that year. Full story...Strike plans Berau development
Strike Resources Ltd has completed a feasibility study for development of its Berau thermal coal project in Indonesia. Full story...Manalo intercept
Appleton Exploration Inc, earning up to a 100% interest in the Manalo gold property in Mali, has intersected a high-grade quartz vein during initial drilling by the company. Full story...Finance
Polymetal takes on debt-heavy Varvarinskoye
OJSC Polymetal has made its first expansion out of Russia, having entered into an agreement to purchase the Varvarinskoye copper-gold project in Kazakhstan from Orsu Metals Corp for a total consideration of US$235 million, including US$215 million in debt and hedging obligations relating to the project. Full story...
Atlas sources Pilbara expansion cash
Atlas Iron Ltd will raise up to A$116.7 million (US$93.3 million) to fund expansion at its Pilbara operations Full story...Red Hill sell Ulaan Ovoo coal project
RED Hill Energy Inc has agreed to sell its wholly-owned Ulaan Ovoo coal project in northern Mongolia to Swiss company Falcon Mining AG for US$30 million. Full story...Aura raises cash for Yamana purchase
AURA Minerals Inc has raised at least C$100.1 million (US$89 million) through a bought-deal private placement, to fund the purchase of three operating gold mines from Yamana Gold Inc. Full story...Vedanta raising cash, increasing iron-ore business
VEDANTA Resources plc may make another play for US copper producer Asarco LLC, after raising US$1.25 billion and purchasing a stake in an Indian iron-ore company this week. Full story...Dioro offer
Avoca Resources Ltd has hit back at takeover target Dioro Exploration NL. Full story...Fifth Column
What a nugget
Mark Creasy is internationally known as the man who received the world’s biggest pay-out to a prospector. Full story...Reports
Nickel: from shortage to surplus
Nickel has gone from a metal in shortage to surplus, following the collapse of the steel market. Increasing demand leads many to hope that 2008 was the low point of a cycle and a recovery is not far away Full story...
Tying up your agreements
In the fifth of our legal series, Memery Crystal shows how well-drafted heads of terms can help your deal and save money Full story...People and Appointments
Honour for coal museum director
Director of the National Coal Mining Museum, Dr Margaret Faull (pictured), has been awarded an OBE in the Queen’s Birthday Honours List for services to the industrial heritage Full story...ETF Exchange chief
ETF Securities Ltd, provider of exchange-traded funds, has hired Mark Weeks, who joins as chief executive of the ETF Exchange. Full story...Kenmare board appointment
Chief operations officer of Kenmare Resources plc Jacob Deysel has joined the board of directors. Full story...Farallon appointment
Farallon Mining Ltd has appointed Kevin Weston as chief operating officer. He was most recently vice-president of operations for Capstone Mining. Full story...Ivernia reorganisation
Ivernia Inc announced the promotions of Brent Omland to vice-president finance and chief financial officer and of Bruce Hooper to vice-president corporate development and exploration. Full story...Journal Team Diary
Rio Tinto prize winner
Rio Tinto and the International Business Leaders Forum (IBLF) have announced Trees, Water & People, based in Colorado, US, and working in Central America, Haiti and the US, as the 2008 winner of the US$1 million Rio Tinto prize for sustainability Full story...Site Search
Log inIssue: 19/06/09
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
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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