20/08/10
BHP Billiton goes hostile on potash
BHP Billiton has launched a bid that, if successful, would be the largest ever mining deal at US$40 billion (and the largest corporate acquisition, in any sector, since last March’s acquisition of Schering-Plough by Merck) Full story...Overhaul of South African mining law
Following a large amount of adverse publicity, South Africa’s Department of Mineral Resources (DMR) has announced a “plan of action” to address “growing negative sentiment” regarding South Africa’s mining sector Full story...Government committee slams Vedanta over Orissa project
An independent committee, mandated by the Indian government to examine Vedanta Resources plc’s proposed bauxite mines in the State of Orissa, has recommended the project be rejected Full story...Vedanta buys oil assets
Vedanta has announced the addition of oil assets to its diverse portfolio through the planned acquisition of a controlling stake in Cairn India Ltd for up to US$9.6 billion in cash. Full story...Illegal miners shot dead at Aurora gold mine
Four illegal miners were shot dead by security guards at Aurora Empowerment Systems Ltd’s Grootvlei gold mine in South Africa last week Full story...ArcelorMittal, Wuhan look at acquiring mines
ArcelorMittal, the world’s largest steelmaker, and China’s Wuhan Iron & Steel Group are reportedly exploring ways to take advantage of rising commodity prices by jointly investing and acquiring mines Full story...
Production and Markets
Overhaul of South African mining law
Following a large amount of adverse publicity, South Africa’s Department of Mineral Resources (DMR) has announced a “plan of action” to address “growing negative sentiment” regarding South Africa’s mining sector Full story...
Pricing snub for Marange diamonds
The Rapaport Group, the primary source for diamond pricing, has upheld its ban on trade in diamonds from Zimbabwe’s Marange region, despite the stones being Kimberley Process (KP)-certified Full story...Government committee slams Vedanta over Orissa project
An independent committee, mandated by the Indian government to examine Vedanta Resources plc’s proposed bauxite mines in the State of Orissa, has recommended the project be rejected Full story...Kinsevere 2 delay
Anvil Mining Ltd said construction delays at its Kinsevere stage 2 solvent-extraction, electrowinning (SX-EW) plant have delayed the expected project commissioning to the June-quarter next year Full story...Vedanta buys oil assets
Vedanta has announced the addition of oil assets to its diverse portfolio through the planned acquisition of a controlling stake in Cairn India Ltd for up to US$9.6 billion in cash. Full story...Coal export capacity seen soaring
A report by Norwegian financial services group DnB NOR ASA indicates that global port capacity for coal shipments may expand by over a third to 1,390Mt by the end of 2015 from the current 1,020Mt Full story...Illegal miners shot dead at Aurora gold mine
Four illegal miners were shot dead by security guards at Aurora Empowerment Systems Ltd’s Grootvlei gold mine in South Africa last week Full story...LETTER TO THE EDITOR
Mohsen Brahmi and Prof Sonia Ghorbel-Zouari from the Faculty of Economics and Management at the University of Sfax in Tunisia write that the country's phosphate industry will "experience great development in the coming decades". Full story...New Venezuelan gold export rules to benefit Rusoro
Venezuela will allow the largest mining companies and joint ventures with the government to export as much as 50% of their gold outside the country Full story...Two Barrick miners die
Two US miners have died at a Barrick Gold Corp mine in Nevada Full story...Cameco lowers sales forecast on lower spot market
Cameco Corp, the world’s largest listed uranium producer, has said it expects to sell 30Mlb (13,612t) of uranium in the year to end-December, compared with a previous forecast of 31-33Mlb Full story...Sundance confirms new board
Sundance Resources Ltd shareholders have overwhelmingly approved the appointment of the caretaker board assigned to the iron-ore explorer following the aircraft crash in Africa that killed all previous board members Full story...Gold production rises in China, Zimbabwe
China’s gold output rose almost 9% on a year ago, to 159.2t in the first half of 2010, the Ministry of Industry and Information Technology (MIIT) reported Full story...Exploration & Development
Offset scoping sets out Lac des Îles future
The board of directors of North American Palladium Ltd has approved continued development of the Offset zone at Lac des Îles Ontario, following an independent scoping study at the platinum group metals (PGM) mine Full story...
Vista's Mt Todd plan forecasts revival
A prefeasibility study for redevelopment of Vista Gold Corp’s Mt Todd gold project in Australia’s Northern Territory has confirmed that an open-pit operation would be technically and economically viable Full story...First Yalleen scoping suggests viability
A draft agreement includes access for Helix to API infrastructure on commercial terms, pre-emptive rights on the joint-venture interests, and Helix right to sell its interest to API at fair-market value Full story...Livengood assays
International Tower Hill Mines Ltd has reported results from the latest 22 holes at the Livengood gold project in Alaska, which could support 500,000oz/y production Full story...Caloma 2 assays
International Tower Hill Mines Ltd has reported results from the latest 22 holes at the Livengood gold project in Alaska, which could support 500,000oz/y production Full story...More from Mons Cupri
Continuing drilling of the Mons Cupri volcanogenic massive sulphide deposit at Venturex Resources Ltd’s Pilbara-based property in Western Australia has returned further intersections Full story...Bayfield intercepts
Initial holes of Bayfield Ventures Corp’s drilling at the Rainy River gold property in Ontario have intersected gold mineralisation. Full story...Eagle Downs upgrade
An independent report has raised the confidence level of the resource estimate for the Eagle Downs coking-coal joint venture (JV) in Queensland’s Bowen Basin Full story...Caval Ridge clearance
Queensland has granted conditional approval for BHP Billiton Mitsubishi Alliance’s A$4 billion Caval Ridge coking-coal project, with “a raft of strict development and operating constraints” Full story...Bullabulling boost
GGG Resources plc has received an updated resource estimate for the Bullabulling gold joint venture in Western Australia with Auzex Resources Ltd Full story...Scotgold appeal likely
Scotgold Resources Ltd is likely to appeal a decision to refuse its application to develop the Cononish gold-silver project in Scotland Full story...Hochschild raises exploration spend
Hochschild Mining plc will spend US$50 million on exploration this year, a 75% increase compared with last year Full story...First reserve for Boseto
Discovery Metals Ltd has received the initial reserve estimate for its Boseto copper project in Botswana, defining about 313,000t of copper and about 13Moz of silver Full story...Mayaniquel results
Anfield Nickel Corp has received further results from a continuing drilling programme at its Mayaniquel lateritic nickel property in Guatemala Full story...Long Canyon assays
Fronteer Gold Inc’s continuing drilling programme at the Long Canyon gold property in Nevada has returned additional assays from resource-definition holes testing the northern part of the deposit Full story...Bathurst's Buller confirmed viable on first mine
Interim results from a feasibility study examining coal development on the west coast of New Zealand’s South Island has confirmed that Bathurst Resources Ltd’s Buller coking-coal project would be economically, and technically, viable by exploiting just one of the five deposits Full story...Birkachan first up at Omolon for Polymetal
OAO Polymetal will develop the Birkachan gold project in Russia as the first of a number of deposits in its Omolon project Full story...Conditional Albany approval
Western Australia’s environment minister has given conditional approval for an expansion of the port of Albany in the state, according to Grange Resources Ltd Full story...Prophecy outlines 1Gt at Chandgana Khavtgai
Prophecy Resource Corp has completed a resource estimate for its Chandgana Khavtgai coal deposit in Mongolia, outlining more than 1,000Mt in measured and indicated categories Full story...Shambesai assays
Manas Resources Ltd has received further intersections from diamond-drilling at its Shambesai gold property in Kyrgyzstan, with the latest holes testing areas outside the resource model Full story...Mitsui/Rio in Laos
Rio Tinto and Mitsui & Co have set up an exploration office in Vientiane to co-ordinate their bauxite joint venture in Laos Full story...Perseus assays
Perseus Mining Ltd has intersected further gold mineralisation during drilling in and around its Central Ashanti Gold project in Ghana Full story...Tanlouka discovery
Channel Resources Ltd has made a new gold discovery at its Tanlouka property in Burkina Faso Full story...Wildfire find
Capstone Mining Corp has found a new copper-gold zone near its Minto mine in Canada Full story...Finance
BHP Billiton goes hostile on potash
BHP Billiton has launched a bid that, if successful, would be the largest ever mining deal at US$40 billion (and the largest corporate acquisition, in any sector, since last March’s acquisition of Schering-Plough by Merck) Full story...
Fraser survey shows tax impact
Australia and Quebec have dropped down the investment rankings according to a survey of mining executives by the Vancouver-based Fraser Institute Full story...ENRC sees short-term market volatility
Diversified miner Eurasian Natural Resources Corp (ENRC) has warned that commodity markets may be volatile for the remainder of 2010, and that cost management "remains a challenge". Full story...Rio Tinto Ltd to mop up plc stake
Australia-listed Rio Tinto Ltd has started the buy back of the final tranche of its shares owned by UK-listed Rio Tinto plc Full story...Moly loan facility cleared by Chinese
Moly Mines Ltd, which is looking to construct two mines at Spinifex Ridge in Western Australia by year-end, has received overseas-investment approval from the Sichuan Province Development and Reform Commission Full story...Harmony cash flow
Harmony Gold Mining Company Ltd generated nearly three times more cash flow from its operations in the June quarter compared with the previous period Full story...CRG Trial Complete
Central Rand Gold Ltd (CRG) has completed a trial-mining phase at its gold project near Johannesburg with the aim of validating the proposed mining method in a plan to produce 476,190oz of gold over a 12-year mine life Full story...High River increase
OAO Severstal’s gold subsidiary has exercised its warrants in High River Gold Mines Ltd and increased its ownership by nearly 5% to 70.4% Full story...Mining tax to have influence on Australian election
Opposition to Australia’s controversial mining tax is shaping to be a pivotal factor in the country’s election on August 21 Full story...Centennial profit falls
Australia’s Centennial Coal Ltd has reported a 28% drop in profit for the year to end-June owing to a stronger Australian dollar and lower export coal prices Full story...ArcelorMittal, Wuhan look at acquiring mines
ArcelorMittal, the world’s largest steelmaker, and China’s Wuhan Iron & Steel Group are reportedly exploring ways to take advantage of rising commodity prices by jointly investing and acquiring mines Full story...Minara to make return
Shareholders of ASX-listed nickel miner Minara Resources Ltd have approved a A$111 million (US$100.7 million) return to investors Full story...Newcrest takeover of Lihir on target
Newcrest Mining Ltd, seeking to form an alliance with Lihir Gold Ltd in Australia, said the takeover remains on track after it delivered a record profit and operating cash flow for the year to end-June Full story...CAG to receive loan
AIM-listed Central African Gold plc (CAG) has entered into a loan facility accord with major shareholder New Dawn Mining Corp (NDM) to provide up to US$2 million for its Zimbabwean mining operations Full story...Gladstone under offer
Queensland Nickel Resources Ltd, controlled by Australian billionaire Clive Palmer, has made a takeover offer to buy the 49.6% of shares it does not own of AIM-listed Gladstone Pacific Nickel Ltd Full story...Mount Gibson awarded damages
Perth-based Mount Gibson Iron Ltd has won US$114 million of damages in arbitration with Chinese company Rizhao Steel Holding Group Co Ltd Full story...Orosur considering funding options as it goes underground
Orosur Mining Inc, the Uruguayan gold miner, is investigating its funding options ahead of development of an underground project at the San Gregorio gold mine in Uruguay Full story...Fifth Column
Community backing
In this week's Fifth Column, Ken Gooding reports on Toronto-listed Osisko Mining Corp's efforts to re-open the Malartic gold mine in north-west Quebec. Full story...Reports
Looking for transparency
Mining companies in the DRC can look forward to government’s efforts to develop the sector Full story...
e3 Plus: Practical guidance for exploration
Toolkits offer a wealth of information for improving exploration practices Full story...People and Appointments
Sables assigns directors
Sable Mining plc has strengthened its board through the appointments of Andrew Burns and Jeremy Sanford as finance director and executive director, respectively Full story...Gaston made COO
Gold explorer Kryso Resources plc has appointed Andre Gaston as COO as it advances its Pakrut project in Tajikistan Full story...Nyota appoints Tucker
Terry Tucker has joined the board of Nyota Minerals Ltd as an executive director Full story...Williams resigns
John Williams, managing director of A1 Minerals Ltd, has resigned from the company Full story...Willis calls it quits
Kevin Willis has resigned as managing director of Australia’s Flinders Mines Ltd Full story...Wilson joins Beacon
AIM-listed Beacon Hill Resources plc has appointed Peter Wilson as mining general manager Full story...Issue: 20/08/10
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
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