23/10/09
Olympic Dam production down until early next year
BHP Billiton warned that it does not expect a return to full capacity at its Olympic Dam multi-commodity mine until the end-March, and has declared force majeure on a number of relevant copper and uranium contracts Full story...EPA stops largest mountaintop mine in its tracks
The US Environmental Protection Agency (EPA) has made an unprecedented move to veto an already permitted mine, the first time in the agency’s history that it has done so Full story...First Quantum stuck in DRC legal dispute
First Quantum Minerals Inc is entangled in a court case in the Democratic Republic of the Congo (DRC) that it wishes to drop in favour of international arbitration Full story...Monterrico in UK court battle
Monterrico Metals plc, controlled by a Chinese consortium led by Zijin Mining Group Co, is facing legal action in the UK High Court regarding allegations of torturing Peruvian citizens at its Rio Blanco copper project in Peru Full story...EPA stops largest mountaintop mine in its tracks
The US Environmental Protection Agency has made an unprecedented move to veto an already permitted mine, the first time in the agency’s history that it has done so Full story...Anglo cuts management layer, adds assets to non-core
Fresh from its defence of an uninvited approach from Xstrata plc, Anglo American plc has streamlined its executive structure and added assets to its non-core portfolio Full story...
Production and Markets
Olympic Dam production down until early next year
BHP Billiton warned that it does not expect a return to full capacity at its Olympic Dam multi-commodity mine until the end-March, and has declared force majeure on a number of relevant copper and uranium contracts Full story...
Vale’s big spend
Brazil’s Vale SA, the world’s largest iron-ore producer, will invest US$12.9 billion in 2010 Full story...Norlisk profits plummet 84%
MMC Norilsk Nickel revealed this week that its profits for the first six months of 2009 had sunk 84% on the back of the decline in nickel and copper prices Full story...Peru strike
Peru’s miners this week took part in a two-day national strike over pensions and benefits Full story...BHP accident
A BHP Billiton mine supervisor was killed at the company’s Khutala Colliery open-pit coal operations in South Africa this week after being struck by a lump of coal Full story...NUM demands
The National Union of Mineworkers in South Africa has rejected a 6.5% wage increase offered by Lonmin plc, and has instead ‘requested’ a 20% wage increase for the company’s unionised employees Full story...Gold Reserve files international arbitration
In its dispute with Venezuela, Gold Reserve Inc has filed a request for arbitration at the World Bank’s International Centre for the Settlement of Investment Disputes Full story...Metals X sells royalties
Metals X Ltd is selling the royalties that cover BHP Billiton’s Mt Keith nickel mine in Western Australia to Franco-Nevada Corp for A$20 million (US$18 million) Full story...Alrosa sales up
Alrosa Co Ltd, with a monopoly on Russia’s diamond production, sold US$351 million of raw diamonds in October Full story...Freeport continues DRC talks amid expansion plan
Freeport McMoRan Copper & Gold Inc has reinstated its dividend nearly a year after the last payout Full story...EPA stops largest mountaintop mine in its tracks
The US Environmental Protection Agency has made an unprecedented move to veto an already permitted mine, the first time in the agency’s history that it has done so Full story...Mixed production from majors as recovery signs emerge
Quartely production numbers from some of the world’s largest commodity producers were released this week Full story...SA chrome producers continue to propose regulations on exports
South Africa’s integrated ferrochrome producers, including Xstrata plc and Samancor, have again engaged the South Africa’s government regarding potential regulations on the export of chomite ore Full story...Petropavlovsk remains on target for 0.5Moz
Petropavlovsk plc (formerly Peter Hambro Mining) has said it remains on target for production of 500,000oz of gold in the financial year to the end of December after reporting a 29% increase in output for the first nine months of 2009 Full story...Exploration & Development
Assessment supports Camino Rojo
A preliminary economic assessment for development of Canplats Resources Corp's Camino Rojo gold-silver project in Zacatecas, Mexico, has outlined an open-pit, heap-leaching operation. Full story...
Confidence grows in Tampakan resource
A new independent resource estimate for the large-scale Tampakan copper-gold project in the southern Philippines has increased overall tonnage and raised the relative proportions of measured and indicated categories Full story...More from Rau
Atac Resources Ltd has continued drilling at its Rau gold property in Canada’s Yukon Territory; the latest results are from holes that drilled the Tiger zone Full story...Redbank results
Redbank Copper Ltd has received further assay results from the final stages of reverse-circulation drilling at its namesake property in Australia’s Northern Territory Full story...Bass plans Fossey start at Hellyer
Bass Metals Ltd plans to begin developing the Fossey deposit, part of its Hellyer base-metals project in western Tasmania Full story...Turner Lake assays
Drilling of the Main Gold zone at Northrock Resources Ltd’s Turner Lake gold property in Canada’s Nunavut Territory has confirmed continuity of mineralisation along strike and down dip, according to the company Full story...Cerro Negro assays
Andean Resources Ltd has received step-out drilling results from holes testing the Bajo Negro vein at its Cerro Negro gold-silver property in southern Argentina Full story...Sleeper study suggests potential
A preliminary economic assessment of X-Cal Resources Ltd's 70%-owned historical Sleeper gold project in Nevada has outlined three modules that could produce a combined 590,000oz of gold over a six-year life. Full story...Goldbrook PGM results
Diamond-drilling completed under the terms of an option/joint-venture agreement between Goldbrook Ventures Inc and Jilin Jien Nickel Industry Co Ltd has tested nickel-platinum group metals (PGM) mineralisation first discovered at the Timtu zone at Goldbrook's Raglan property in Quebec in 2007. Full story...Black Thor assays
Results from drilling at the Black Thor chromite zone at Freewest Resources Canada Inc’s McFaulds Lake will be included in a resource estimate by the end of the year, according to the company Full story...Mascota intercepts
Ventana Gold Corp’s continuing drilling programme at its Bodega gold property in Colombia has intersected further mineralisation at La Mascota zone, contributing to a drill-defined strike length of 800m for the target Full story...Baobab's focus on emerging Tete
Baobab Resources plc will spend most of a recent £2.75 million (US$4.7 million) capital raising on the emerging potential of its Tete magnetite-ilmenite deposit in Mozambique, a region that also includes the Moatize and Benga coal projects of Vale SA and Riversdale Mining Ltd/Tate Steel, respectively Full story...Nkamouna estimate boost
An independent resource estimate for Geovic Mining Corp's 60%-owned Nkamouna cobalt-nickel-manganese project in Cameroon has raised measured and indicated categories by 97% . Full story...EPA stops largest mountaintop mine in its tracks
The US Environmental Protection Agency (EPA) has made an unprecedented move to veto an already permitted mine, the first time in the agency’s history that it has done so Full story...First Quantum stuck in DRC legal dispute
First Quantum Minerals Inc is entangled in a court case in the Democratic Republic of the Congo (DRC) that it wishes to drop in favour of international arbitration Full story...Study updates Nullagine gold plan
Millennium Minerals Ltd has re-examined the feasibility study for developing its Nullagine gold project in Western Australia’s Pilbara region Full story...Lake Maitland granted mining lease
Mega Uranium Ltd’s Lake Maitland project, in the eastern Goldfields region 108km southeast of Wiluna, is estimated to contain indicated resources of 28.7Mt at an average grade of 376ppm U3O8, and inferred resources of 3.6Mt at 274ppm U3O8 Full story...Kitumba estimate for Mumbwa
Blackthorn Resources Ltd reports that an initial inferred resource estimate has been compiled for the Kitumba target, part of the Mumbwa copper joint venture in Zambia. Full story...Rattlesnake results
Evolving Gold Corp has received further results from holes testing its Rattlesnake Hills gold property in Wyoming, which the company described as an alkali gold system. Full story...Eagle's Nest assays
Further drilling at the Eagle's Nest target within Noront Resources Ltd's McFaulds Lake polymetallic property in Ontario indicate that the Eagle 1B and 1C zones may be a single unit. Full story...More from Barbara
Syndicated Metals Ltd has received initial resutls from follow-up drilling at the Barbara North discovery at the Leichhardt copper joint venture in northwest Queensland. Full story...Jiangsu lithium study points way for Galaxy
Galaxy Resources Ltd plans to award an engineering, procurement, construction and management contract “very quickly” for a lithium carbonate facility in Jiangsu, China Full story...Red Chris results
Holes testing deep targets at Imperial Metals Corp's Red Chris copper-gold project in British Columbia have returned long intervals of mineralsition, according to the company. Full story...Finance
Moly Mines signs US$700 project finance deal
Moly Mines Ltd has secured funding of up to US$700 million from Chinese backers, moving the start-up plan for its Spinifex Ridge molybdenum-copper project to as early as the middle of next year Full story...
Lonmin moving to Jo’burg,
Lonmin plc top management will relocate from London to Johannesburg, to be closer to the company’s mining operations Full story...BHPB bids for Pilbara iron-ore junior
BHP Billiton has made a move into Western Australia’s junior iron-ore sector, with a $A204 million (US$188 million) all-cash bid for United Minerals Corp NL (UMC) and its Railway project Full story...Norton funds
Norton Gold Fields Ltd has raised A$40.5 million (US$37.5 million) to fund its growth plans, which include development of the Mount Morgan gold project in Queensland and a capital programme at its Paddington gold mine in Western Australia Full story...IFC supports Aluar
IFC, part of the World Bank Group, is providing a US$25 million equity investment to Aluar Aluminio Argentino Saic, Argentina’s sole aluminium producer Full story...Angel payment
The share price of Angel Mining plc rose 12% on October 21 after the company completed the US$1.5 million acquisition of the Nalunaq gold mine in Greenland from Crew Gold Corp Full story...Cloncurry development
Exco Resources Ltd has raised A$10.1 million (US$9.3 million) to advance its portfolio of copper projects in northwest Queensland Full story...Royalty claim at Voisey’s Bay
Labrador Nickel Royalty Ltd Partnership (LNR) has filed an action in the Supreme Court of Newfoundland and Labrador against Vale Inco for underpayment of royalties from the Voisey’s Bay nickel-copper-cobalt mine in Canada Full story...Flinders BFS cash
Flinders Mines Ltd has announced a A$52.8 million (US$48.8 million) capital raising to fund completion of a bankable feasibility study of the Pilbara iron-ore project and progress its flagship Delta deposit Full story...Nevsun raising
TSX-listed Nevsun Resources Ltd has entered into a non-brokered private placement financing for C$32.8 milllion (US$31.2 million) Full story...Minera targets Hidefield gold assets
Minera IRL Ltd has made a friendly bid for Hidefield Gold plc to strengthen its position in Argentina Full story...Monterrico in UK court battle
Monterrico Metals plc, controlled by a Chinese consortium led by Zijin Mining Group Co, is facing legal action in the UK High Court regarding allegations of torturing Peruvian citizens at its Rio Blanco copper project in Peru Full story...Anglo cuts management layer, adds assets to non-core
Fresh from its defence of an uninvited approach from Xstrata plc, Anglo American plc has streamlined its executive structure and added assets to its non-core portfolio Full story...Fifth Column
Australian fight
The boardroom bust-up, or stoush as they call it in Australia, at Troy Resources NL is a bit different because of the long and close relationships between some of the people involved Full story...Reports
West Africa's store of wealth
According to the London-based precious-metals consultancy GFMS, West Africa is the fastest-growing gold-producing region in the world Full story...
Mining Magazine Awards
This year’s awards took place during the inaugural Mining Magazine Congress, at Niagara-on-the-Lake, Ontario, and were hailed as a great success Full story...Chinese mining promises
China’s doors are wide open to foreign mining companies and the country is making life easier for miners wanting to do business there Full story...West Africa: Côte d'Ivoire waits for action
Côte d’Ivoire is the world’s leading producer and exporter of cocoa and is also a significant exporter of coffee and palm oil. Around 68% of the population is involved in the agricultural sector Full story...West Africa: Mali has room for more
Mali is a country with considerable natural resources and a long history of gold production. In recent years companies evaluating other commodities such as petroleum, uranium, bauxite, iron ore and phosphate have been in the news although, to date, none of these has been extracted economically Full story...People and Appointments
Alan Doyle joins Kangaroo
Kangaroo Resources Ltd has appointed Alan Doyle to its board of directors with immediate effect Full story...Corporate development VP at Pelangio
Brendan Cahill has been appointed as vice president of corporate development at Pelangio Exploration Inc Full story...Jinshan appoints new CEO
Jinshan Gold Mines Inc has appointed Xin Song as chief executive office and a director of the company Full story...Rio Tinto expands executive committee
Rio Tinto has announced an expanded executive committee following its re-instatement of the Diamonds and Minerals division, and relocation of two of its five product groups to Australia Full story...Worthington replaces Park at African Eagle
Euan Worthington has been appointed as the non-executive chairman of African Eagle Resources plc following the retirement of John Park Full story...Journal Team Diary
Post office and high street gold offerings
Retail access to gold through innovative new products has been a key feature of the current multi-year bull market in the metal, that has recently seen the price achieve new highs Full story...Site Search
Log inIssue: 23/10/09
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
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Opportunities for Senior & Principal Level Consultants - SRK
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Senior Hydrogeologist - Schlumberger
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