20/11/2009
West Africa ready to raise royalties
Sierra Leone’s parliament has passed a new mining law raising royalties and community benefits, while fellow West African country Ghana also plans to double royalties to boost revenue from the mining industry Full story...Afghan minister accused of Aynak bribery
A US official has accused the Afghan minister of mines of accepting a US$30 million bribe to award the tender of the Aynak copper-gold project to a Chinese bidder Full story...Eurofer challenges Rio-BHPB joint venture
The European Confederation of Iron and Steel Industries (Eurofer) has said that a joint venture between Rio Tinto and BHP Billiton to consolidate Australian iron-ore assets is fundamentally against the interests of the steel industry Full story...Law firm wins fraud case
An Australian law firm which worked with mining companies in Central Asia has won a three-year legal battle against former employees found to have committed fraud Full story...Law firm wins fraud case
An Australian law firm which worked with mining companies in Central Asia has won a three-year legal battle against former employees found to have committed fraud Full story...Global hedge book heading below 10Moz
The global gold hedge book is set to retreat to10Moz, or lower, by the end of 2009 as miners continue to seek exposure to record high prices. In 2001, the figure stood at over 100Moz Full story...Simmers dispute continues
The boardroom dispute at Simmer & Jack Mines Ltd has erupted again. This follows a letter by representatives of the company’s largest shareholder calling for a special meeting to reconstitute the board (see p13). Full story...
Production and Markets
West Africa ready to raise royalties
Sierra Leone’s parliament has passed a new mining law raising royalties and community benefits, while fellow West African country Ghana also plans to double royalties to boost revenue from the mining industry Full story...
Eurofer challenges Rio-BHPB joint venture
The European Confederation of Iron and Steel Industries (Eurofer) has said that a joint venture between Rio Tinto and BHP Billiton to consolidate Australian iron-ore assets is fundamentally against the interests of the steel industry Full story...Global hedge book heading below 10Moz
The global gold hedge book is set to retreat to10Moz, or lower, by the end of 2009 as miners continue to seek exposure to record high prices. In 2001, the figure stood at over 100Moz Full story...Lonmin talking growth again
Lonmin plc, the world’s third-largest platinum producer, will target a 25% increase in production to 850,000oz from its Marikana and Pandora assets by 2013, timed to take advantage of an expected ‘demand rebound’ for the white metal Full story...Myra evacuated
Breakwater Resources Ltd says that underground workings at its Myra Falls multi-commodity mine in British Columbia have restarted after being evacuated following a considerable amount of water run-off due to rain and snow melt. Full story...B2Gold back
B2Gold Corp said it has resumed normal production at its Limon mine in Nicaragua after an illegal labour strike ended Full story...Kazakh approval
Uranium One Inc has received approval to acquire a 50% joint venture stake in the Karatau uranium mine from the Kazakh Ministry of Energy and Mineral Resources Full story...Alliance launches dispute
Alliance Resources Ltd, which holds a 25% interest in the Four Mile uranium project in South Australia, has launched a formal grievance against its joint venture partner in the Supreme Court of South Australia Full story...Exploration & Development
Record Australian spend, growth slows
Exploration spending on Australian projects during the 2008-09 fiscal year was the highest on record and more than double the average over the past 30 years, but the rate of spend grew at its slowest rate since 2003-04. Full story...
Prefeasibility confirms Kitsault restart potential
Consultant Wardrop has completed a positive prefeasibility study for the restart of Avanti Mining Inc's historical Kitsault molybdenum mine property in British Columbia. Full story...Vane's Wate hits
Vane Minerals plc reports that drilling at the joint-venture Wate uranium property in Arizona, targeting historic resources within breccia pipes. Full story...Miitel discovery
The latest results from an ongoing underground drilling programme at Mincor Resources NL's Miitel nickel mine in Western Australia have confirmed the discovery of a new nickel sulphide zone, according to the company. Full story...Falun intercepts
Golden Rim Resources Ltd has received further results from the drilling programme at its Falun gold property in Sweden. Full story...Molejon approval
Petaquilla Minerals Ltd has received approval from the Panamanian government to take the Molejon gold project to commercial production Full story...Mindoro suspended
Intex Resources ASA has received notice that the environmental compliance certificate for its Mindoro lateritic nickel-cobalt in the Philippines has been suspended for 90 days. Full story...Kryso's Pakrut resource boost
An independent resource estimate for Kryso Resources plc's Pakrut gold project in Tajikistan has increased contained gold to 2.8Moz. Full story...Linc's 7.8Gt Galilee resource
Linc Energy Ltd developing a coal-to-liquids business in South Australia, has received an initial JORC-compliant resource estimate for a major coal deposit at its Galilee tenements in Queensland Full story...More from Tengrela
Gold mineralisation at the Sissingue prospect, part of Perseus Mining Ltd's Tengrela gold property in Ivory Coast, has been intersected intermittently over 960m of strike, following the receipt of assays from the latest holes. Full story...New Minto find
Capstone Mining Corp has discovered a new copper-gold zone at its Minto operation in Canada's Yukon territory. Full story...Peregrine uncovers Chidliak diamond potential
Drill-hole samples from an ongoing programme at the Chidliak diamond joint venture on Baffin Island in Canada's Nunavut Territory have returned high-grade results from caustic fusion analysis, according to project operator Peregrine Diamonds Ltd. Full story...Brett presses on at Hammond Reef
A preliminary assessment of developing the Hammond Reef gold deposit in Ontario has indicated more than 5Moz of gold could be recovered, reports owner Brett Resources Inc. Full story...New IP technology finds more at Oyu Tolgoi
Ivanhoe Mines Ltd and GoviEx Gold Inc have used an advanced geophysical system to find a new mineralised body that was believed to connect the Heruga and Hugo North deposits at the huge Oyu Tolgoi project in Mongolia. Full story...Tom intercepts
Further drilling at Golden Predator Royalty and Development Corp's Gold (Scheelite) Dome gold property in California has tested an area of calc-silicate alteration named the Tom Zone, intersecting mineralisation Full story...Roughrider gets better
Hathor Exploration Ltd has intersected high-grade uranium mineralisation 200m away from the Roughrider resource at its 90%-owned Midwest Northeast property in Saskatchewan. Full story...Heron revises KNP estimate
Heron Resources Ltd has reviewed the resource estimates for five of the fourteen deposits at its Kalgoorlie nickel project (KNP) in Western Australia. Full story...Finders finds Wetar feasible
Finders Resources Ltd's feasibility study for development of its 94%-owned Wetar copper project in Indonesia has found the proposed operation would be viable. Full story...Amulsar intercepts
Lydian International Ltd has received further assays from step-out drilling at the company's Amulsar gold deposit in Armenia. Full story...Hermes results
Reverse-circulation drilling at Alchemy Resources Ltd's Three Rivers property in Western Australia has intersected gold mineralisation at the Hermes project. Full story...Finance
Afghan minister accused of Aynak bribery
A US official has accused the Afghan minister of mines of accepting a US$30 million bribe to award the tender of the Aynak copper-gold project to a Chinese bidder Full story...
Petra to buy control of Cullinan
Petra Diamonds Ltd has announced a series of transactions that will see it double its stake in the Cullinan mine to 74% and raise about US$100 million to help pay down debt, strengthen the balance sheet and fund the acquisition Full story...Kazakhgold triggers loan ‘default’
A decision by KazakhGold Group Ltd not to publish interim financial statements, for the first six months of its financial year, has triggered an ‘event of default’ on the company’s US$200 million senior notes Full story...Simmers dispute continues
The boardroom dispute at Simmer & Jack Mines Ltd has erupted again. This follows a letter by representatives of the company’s largest shareholder calling for a special meeting to reconstitute the board (see p13). Full story...Funding the world’s largest gold producer
Jamie Sokalsky, chief financial officer of Barrick Gold Corp, discusses the company’s project financing, costs and acquisition plans for the next 12 months Full story...Goldcorp pays C$238m for Mexican explorer
Goldcorp Inc has announced the C$238 million (US$224 million) acquisition of Canplats Resources Corp, which will significantly boost its land holding around the Peñasquito mine Full story...Law firm wins fraud case
An Australian law firm which worked with mining companies in Central Asia has won a three-year legal battle against former employees found to have committed fraud Full story...Law firm wins fraud case
An Australian law firm which worked with mining companies in Central Asia has won a three-year legal battle against former employees found to have committed fraud Full story...Perilya raising
Perilya Ltd has launched a rights issue to raise around A$55 million (US$ million). The company will issue in the region of 131 million shares representing 33% of its issued capital Full story...Titanium placing
Titanium Resources Group Ltd has conditional placed 151 million shares in order to raise US$25 million from institutional investors Full story...Allied plans offering as it opens on TSX
Allied Gold Ltd plans a public offering in Canada to raise up to C$155 million after opening on the Toronto Stock Exchange this week Full story...Grupo wins battle for Asarco
Grupo Mexico SAB has won back control of bankrupt subsidiary Asarco LLC after a lengthy battle with Vedanta Resources plc’s subsidiary, Sterlite Industries Ltd Full story...Fifth Column
Energy placement
Rio Tinto put a quartet of its seasoned and long-serving, but relatively youthful, executives in charge of Cloud Peak Energy Inc (CPE), the US coal producer it expects to spin off and list on the New York Stock Exchange today (Friday) Full story...Focus
Moving on from AIM
Eleven companies made the transition onto the London Stock Exchange from AIM in 2008, and a further eight have made the move so far this year, with others having announced their intention to do so Full story...Reports
Finland strengthens mining base
Finland produces a range of minerals that provide a strong export base Full story...
Sweden ends 2009 on a high
Sweden is bouncing back following a pause in exploration activity caused by the global economic downturn Full story...Energy first
Mining Journal presents the 19th in a series of interviews with professional investors in the resource sector Full story...Slump in autocatalyst platinum market
The annual consumption of platinum in autocatalysts has dropped by one-third Full story...People and Appointments
Hudbay CEO re-retires
Peter Jones will retire as chief executive officer of Hudbay Minerals Inc at the end of the year Full story...Another Anglo non-exec
Anglo American plc has made its second non-executive director appointment in a week with the announcement that Jack Thompson is joining the board Full story...New director at Wolf Minerals
Chris Corbett has been appointed as a director of Wolf Minerals Ltd. Mr Corbett was nominated as a representative of Resource Capital Funds (RCF), which participated in the company’s recent placement Full story...Miller appointed as Atacama CEO
Atacama Minerals Corp has appointed Tim Miller as president and chief executive officer (CEO), effective December 1 Full story...Stalker MD at Berkeley
Berkeley Resources Ltd has appointed Ian Stalker as managing director and chief executive officer Full story...Exploration VP resigns at Uruguay
George Schroer has resigned from Uruguay Minerals Inc as its vice-president exploration, effective December 15 Full story...Journal Team Diary
CEO's sell shares
Mick Davis has exercised and sold more shares in Xstrata plc, making nearly £6 million (US$10 million) in profit on the latest sale Full story...Site Search
Log inIssue: 20/11/2009
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
SEARCH FOR NEWS BY COMPANY
Recently Created or Updated Company News Portals
READ IN-DEPTH REPORTS
SPECIAL FEATURES
RESOURCE NEWS