21/08/2009
DRC negotiates with China, opens doors for debt relief
The Democratic Republic of the Congo has altered a US$3.25 billion mining deal with China, in order to access emergency financial support from the International Monetary Fund Full story...Fortescue clears China benchmark
Fortescue Metals Group Ltd has secured a benchmark price for its Australian iron-ore with Chinese steel mills at just 3% below prices agreed with other Asian mills, but many doubt that the bigger producers will follow suit Full story...Ecuador officially creates state mining company
The government of Ecuador has officially signed a decree creating National Mining Co (NMC). Full story...Rio hunkers down for long haul
Rio Tinto’s chairman Jan du Plessis said this week that the company is going “back to basics” in running its business. Full story...Number of AIM fundraisings up 42% in June quarter
The number of fundraisings on the AIM market in London was up 42% in the June quarter to its highest level since late 2007 Full story...Gold investors continue to buy
Demand for gold from investors rose 46% in the June quarter, compared with the levels of a year ago. Full story...
Production and Markets
Fortescue clears China benchmark
Fortescue Metals Group Ltd has secured a benchmark price for its Australian iron-ore with Chinese steel mills at just 3% below prices agreed with other Asian mills, but many doubt that the bigger producers will follow suit Full story...
Ecuador officially creates state mining company
The government of Ecuador has officially signed a decree creating National Mining Co (NMC). Full story...Rio hunkers down for long haul
Rio Tinto’s chairman Jan du Plessis said this week that the company is going “back to basics” in running its business. Full story...Silver producers match expectations
Fresnillo plc, the world’s largest primary silver producer, said that it remains on target to double production in the next ten years, despite a difficult start to 2009 Full story...Chambishi delay
Chambishi Metals, owned by UK-based Enya Holdings Ltd, has delayed resuming production from its Zambian operation until September because of failed deliveries of cobalt concentrates from neighbouring Democratic Republic of the Congo Full story...Rusal cuts
UC Rusal said it will consider cutting output from its smelters in Siberia after a fatal accident at a hydroelectric plant in the region on Mond Full story...Magellan shipments
Ivernia Inc subsidiary Magellan Metals has been given the final go ahead to export lead carbonate concentrate through the port of Freemantle in Western Australia Full story...Bad weather delays Toledo
Toledo Mining Corp says a shipment to BHP Billiton’s Yabulu refinery was still cash flow positive despite a demurrage claim from the world’s largest miner Full story...Gold investors continue to buy
Demand for gold from investors rose 46% in the June quarter, compared with the levels of a year ago. Full story...Exploration & Development
Eagle Downs confirmation for Aquila
Aquila Resources Ltd has completed a feasibility study for development of the joint-venture Eagle Downs coking-coal project (50%-owned by both Aquila and Vale SA) in Queensland's Bowen Basin. Full story...
Flinders moves forward with Pilbara iron ore
The board of directors of Flinders Mines Ltd has decided to continue with work at its Pilbara iron-ore project in Western Australia, electing to conduct a prefeasibility study after a scoping study suggested potential to support a mine. Full story...Globe finds Kanyika backer
South African Engineering group Thuthuka Group Ltd has agreed a joint venture to help develop Globe Metals and Mining Ltd's Kanyika ferro-niobium project in Malawi. Full story...Kensington confirmation
Coeur d'Alene Mines Corp has restarted construction of the remaining portions of its Kensington gold project in Alaska, after the US Army Corps of Engineers reactivated a permit. Full story...Ramu resumes, again
Work has restarted at the Ramu lateritic nickel project in Papua New Guinea, according to 8.56%-owner Highlands Pacific Ltd. Full story...Mullaquana confirmation for UraniumSA
Further intersections of uranium mineralisation at UraniumSA Ltd's Mullaquana property in South Australia's Eyre Peninsula have convinced the company that it has found a new uranium province in the state. Full story...Mozambique to move on Corridor Sands
The cabinet of Mozambique's government is reported to have passed a decree to take back the Corridor Sands minerals sands project held by BHP Billiton. A cabinet official was quoted as indicating the decision was taken because the company had "abandoned it". Full story...Stratex tempts Centerra to Öksüt
Centerra Gold Corp has agreed to spend up to US$6 million on exploration to earn up to a US$70% interest in Stratex International plc's Öksüt gold property in Turkey. Full story...More from Woggaginna
Warwick Resources Ltd's exploration drilling at the Woggaginna iron-ore property in the Pilbara region of Western Australia has intersected further mineralisation in the third phase of the programme. Full story...Licence renewal cuts Mmamabula resource
CIC Energy Corp has lost 10% of measured and indicated resources at its Mmamabula coal project in Botswana, owing to the requirement to relinquish 50% of prospecting licence areas when renewing the licences. Full story...First output at Boddington
Newmont Mining Corp has produced the first gold-copper concentrate at its large Boddington gold mine in Western Australia. Full story...Nezhdaninskoye delay
The feasibility study for development of OJSC Polyus Gold's Nezhdaninskoye gold project in Russia's Yakutia region (Sakha Republic) will not begin for at least another year. Full story...Iron Valley estimate rises
Iron Ore Holdings Ltd has received an updated resource estimate for its Iron Valley iron-ore deposit in Western Australia’s Pilbara region. Full story...Giralia hits
Initial drilling at the Mt Webber prospect of the Daltons iron-ore joint venture between Giralia Resources NL and Haoma Mining NL in Western Australia's Pilbara region has confirmed the presence of a new high-grade zone, according to 75%-owner Giralia. Full story...Gullewa assays
ATW Gold Corp has intersected gold-copper mineralisation in drilling at its Gullewa property in Western Australia. Full story...Meliadine results
Comaplex Minerals Corp's exploration drilling at the joint-venture Meliadine West gold property in Canada's Nunavut Territory has intersected further high-grade mineralisation. Full story...Nyanzaga intercepts
Indago Resources Ltd's drilling programmes at its Nyanzaga gold property in Tanzania have confirmed mineralisation at the Tusker and Kilimani deposits. Full story...Finance
DRC negotiates with China, opens doors for debt relief
The Democratic Republic of the Congo has altered a US$3.25 billion mining deal with China, in order to access emergency financial support from the International Monetary Fund Full story...
India mining law changes proposed
India has proposed changes to its mining law which could attract more foreign investment and reduce permit delays Full story...Tianshan departs China
Australia-based Tianshan Goldfields Ltd plans to offload all its Chinese assets, following a US$22.5 million sale agreement with a Hong Kong-registered firm Full story...Kloppers cashes in
BHP Billiton chief executive Marius Kloppers has sold nearly 20% of his BHPB holding, reaping £1.8 million (US$3 million) Full story...Brinkley to offload remaining assets
Brinkley Mining plc is to sell its remaining assets under plans to make the company a cash shell aiming to acquire new assets in the year ahead Full story...Battle for Asarco
Vedanta Resources plc has again increased its offer for the assets of bankrupt copper producer Asarco LLC Full story...Grange improving balance sheet
Grange Resources Ltd plans to strengthen its financial position through a A$167 million (US$138 million) capital raising and restructure Full story...Evraz sells Cape Lambert major stake
Russian steelmaker Evraz Group SA has sold almost 80% of its shares in Australian exploration and resources investment firm Cape Lambert Iron Ore Ltd Full story...Extra funds for Santa Rita overrun
Mirabela Nickel Ltd has raised an additional C$45 million (US$41 million) for development of the Santa Rita nickel project in Brazil Full story...Teck sells lab subsidiary
Teck Resources Ltd has sold its Global Discovery Laboratories subsidiary to Acme Labs Full story...Northam earnings down 58%
Northam Platinum Ltd has reported a 58% drop in profits to R630 million (US$78 million) for the year to end-June as lower PGM prices and higher costs hit the bottom line Full story...New Salvador Investment
National Copper Corp of Chile, Codelco, could extend the life of its Salvador copper project, which is due for closure in 2011 Full story...Number of AIM fundraisings up 42% in June quarter
The number of fundraisings on the AIM market in London was up 42% in the June quarter to its highest level since late 2007 Full story...Harmony pays first dividend in five years
Harmony Gold Mining Ltd has declared its first dividend in five years, deciding to reward longstanding shareholders after paying down large debt obligations in the June quarter. Full story...Fifth Column
Building to a high
This year, Mari-Ann Green happened to be in Munich on German Beer Day – April 23 – when she heard some news well worth celebrating. Full story...Reports
Cobalt: Consistent growth
This versatile metal has consolidated its position in traditional areas, such as superalloys, and has found greater use in some newer applications, such as in rechargeable batteries Full story...People and Appointments
John Joins African Minerals board
African Minerals Ltd, has appointed William Murray John as non-executive director. Full story...Board changes at ENRC
Dr Johannes Sittard, currently CEO of Eurasian Natural Resources Corporation plc, will take on the company’s non-executive chairman role, following the departure of Sir David Cooksey. Full story...SRK UK appoints new chairman and MD
SRK Consulting (UK) Ltd has announced the appointment of Mike Armitage as chairman and Iestyn Humphreys as managing director. Full story...Resignations at Latin American
The president and CEO of Latin American Minerals Inc and the company’s chairman have both resigned. Full story...Management appointments at Greystar
Timothy Lallas has been appointed CFO of Greystar Resources Ltd. Full story...Cox Announced as Noventa exec director
Peter John Cox has been announced as an executive director of Noventa Ltd with immediate effect. Full story...Nemis joins Metals Creek
Richard Nemis has been appointed to the board of directors at Metals Creek Resources Corp. Full story...Mechel appoints CEO of subsidiary
Boris Nikishichev has been appointed as CEO of Mechel Mining Management Company, a subsidiary of Mechel OAO Full story...New chairman at NSL Consolidated
NSL Consolidated appoints new chairman Full story...New CEO at Kimberley Consolidated
Advocate Phemelo Sehunelo has been appointed as interim CEO of Kimberley Consolidated Mining Full story...Site Search
Log inIssue: 21/08/2009
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
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