24/07/09
South Africa fatality rate back on the rise
South Africa has not yet got its safety situation under control, and the number of fatalities may rise year-on-year after two companies reported serious accidents at their operations. Full story...Simandou ultimatum
Guinea’s minister of mines, Mahmood Thiam, announced this week that the government’s decision to award the northern two blocks of the Simandou iron-ore concession to BSG Resources Guinea Ltd was “permanent and irrevocable”. Full story...Xstrata to restart Oaky mine on improved coal markets
Xstrata plc plans to re-open the Number 1 mine at its Oaky Creek Coal complex in Australia, just eight months after it was halted due to weakened global demand. Full story...Time-out on Grand Canyon
The US Secretary of the Interior Ken Salazar has called for a “two-year ‘time-out’” for all new mining claims on a strip of land in Arizona that includes the Grand Canyon Full story...Violence continues around Grasberg mine
Violence continues to erupt around Freeport McMoRan Copper & Gold Inc’s Grasberg mine in Papua, Indonesia, but the company said reports gunmen targeted a bus full of employees are incorrect Full story...Launch of new gold ownership products
South African based, Standard Bank has launched a gold-linked investment product developed with China CITIC Bank Full story...
Production and Markets
Tenke Fungurume comes of age
THE US$1.8 billion Tenke Fungurume mine in the Democratic Republic of the Congo (DRC) expects to produce 100Mlb (45,000t) of copper this year, and to reach full annual capacity before year end. Full story...
Iron ore bull favours spot price
Spot iron-ore prices rose this week to almost US$90/t, with over US$95/t, including freight, being quoted in China (compared with the low of US$58/t in April). Full story...South Africa fatality rate back on the rise
South Africa has not yet got its safety situation under control, and the number of fatalities may rise year-on-year after two companies reported serious accidents at their operations. Full story...Xstrata to restart Oaky mine on improved coal markets
Xstrata plc plans to re-open the Number 1 mine at its Oaky Creek Coal complex in Australia, just eight months after it was halted due to weakened global demand. Full story...Dioro mine plan to increase output
Dioro Exploration NL has released an updated mine plan for its Frog’s Leg gold mine in Western Australia increasing output from the operation by 29% from 2010 onwards Full story...US$1.8bn Congo project comes of age
The US$1.8 billion Tenke Fungurume mine in the Democratic Republic of the Congo (DRC) expects to produce 100Mlb (45,000t) of copper this year, and to reach full annual capacity before year end Full story...Hambro production up 54%
Peter Hambro Mining plc has reported a 54% increase in production in the first half of the year, which is historically lower than in the second half of the year Full story...BHPB prepares for modest demand
BHP Billiton said it remained well positioned for modest demand for its products in the coming year, as it released “solid” annual production results for the 2009 financial year Full story...SNS quits Sunshine mine
SNS Silver Corp has “discontinued its possession” of the historical Sunshine silver mine in Idaho as legal proceedings continue relating to the bankruptcy of former owner Sterling Mining Co. Full story...Fresnillo reports record production
Fresnillo plc, the world’s largest primary silver producer, has reported record silver production and lower costs for the first half of 2009, continuing its dominance of the silver sector Full story...Rusoro plans 500,000oz for Choco 10
Canadian-junior Rusoro Mining Ltd plans to increase output from its Choco 10 gold mine in Venezuela to more than 500,000oz/y if the results of a feasibility study currently underway prove favourable Full story...Ballarat up for grabs
Lihir Gold Ltd is to make further cuts to the workforce at its Ballarat gold mine in Victoria as it put the troubled property up for sale Full story...Wage deal
Diamond heavyweight De Beers and South Africa’s National Union of Mineworkers have reached an agreement on wage negotiations for 2009 Full story...Diamond sale
West African Diamonds plc has completed the sale of a sample parcel of diamonds from its wholly-owned Bomboko alluvial diamond mine in Guinea in Antwerp Full story...Vale settles
Vale SA has settled iron-ore benchmark prices with three European steelmakers Full story...Teck beats expectations
Teck Resources Ltd has beat analyst forecasts, releasing better-than-expected results for the first half of the year. Full story...Violence continues around Grasberg mine
Violence continues to erupt around Freeport McMoRan Copper & Gold Inc’s Grasberg mine in Papua, Indonesia, but the company said reports gunmen targeted a bus full of employees are incorrect Full story...Launch of new gold ownership products
South African based, Standard Bank has launched a gold-linked investment product developed with China CITIC Bank Full story...Exploration & Development
Yamana gives projects go-ahead, Gualcamayo commercial
The board of directors at Yamana Gold Inc has decided to develop two projects, in Brazil and Mexico, respectively, and has achieved commercial production levels at its Gualcamayo gold mine in Argentina. Full story...Simandou ultimatum
Guinea’s minister of mines, Mahmood Thiam, announced this week that the government’s decision to award the northern two blocks of the Simandou iron-ore concession to BSG Resources Guinea Ltd was “permanent and irrevocable”. Full story...Major upgrades for Namibian U deposits
Extract Resources Ltd and Bannerman Resources Ltd have both released significant increases in resources at their respective Namibian uranium deposits. Full story...Newcrest excited about O'Callaghans
Newcrest Mining Ltd's managing director and chief executive, Ian Smith, said this week he was "fairly excited" about the continued exploration success at a discovery of significant tungsten-copper mineralisation near its Telfer gold mine in Western Australia. Full story...Bui Dam impact
Volta Resources Inc has been told the Ghanaian authorities will not renew the environmental permits for its exploration licences in the Bui Belt. Full story...Mirador permit
Corriente Resources Inc has received an environmental permit and water use permit for its proposed Mirador copper and copper-gold porphyry in Ecuador. Full story...Angostura buy
Greystar Resources Inc has bought the final surface rights it needs for development of its Angostura gold-silver project in Colombia. Full story...Balmoral South lapse
The agreement to develop the Balmoral South iron-ore project in Western Australia has lapsed, leaving Australasian Resources Ltd still seeking funding for the A$2.7 billion (US$2.2 billion) project. Full story...Time-out on Grand Canyon
The US Secretary of the Interior Ken Salazar has called for a “two-year ‘time-out’” for all new mining claims on a strip of land in Arizona that includes the Grand Canyon Full story...Nullagine test
BC Iron Ltd has agreed to conduct a bulk-sampling test at its Nullagine iron-ore project in the Pilbara region of Western Australia, after potential partner Fortescue Metals Group Ltd gave its endorsement in principle for BC Iron's feasibility study for the project. Full story...Oyu Tolgoi talks reopen
The long-delayed negotiations over an agreement to develop the large Oyu Tolgoi copper-gold project in Mongolia will resume on July 27, after the Mongolian parliament authorised the government to conclude an investment agreement for the project. Full story...Anvil agrees Mutoshi price
Anvil Mining Ltd will pay more for less at its Mutoshi copper project in the Democratic Republic of the Congo (DRC), having accepted an amended joint-venture agreement with authorities. Full story...Bezant raises Mankayan resource
An independent resource estimate has outlined 52% more copper and 48% more gold at Bezant Resources plc's Mankayan copper-gold project in the Philippines. Full story...High grade Doolgunna
The first diamond-drill hole at Sandfire Resources NL's Doolgunna copper property in Western Australia has intersected very high grade copper mineralisation, returning 8m at 27.3% Cu from 146m down-hole. Full story...Cluff's Kalsaka commissioned
Final commissioning of Cluff Gold plc's 78%-owned Kalsaka gold mine in Burkina Faso was achieved at the end of last month, signalling the end of the 'ramp-up' to the 60,000oz/y design rate of gold production. Full story...Scotgold's Grampian grades 'exceptional'
Reconnaissance exploration by Scotgold Resources Ltd at its Grampian gold project in Scotland has yielded high-grade mineralisation in outcrop and boulder sampling. Full story...Pumpkin Hollow grows for Nevada Copper
Nevada Copper Corp has received an independent resource estimate for its Pumpkin Hollow iron-oxide copper-gold deposit in Nevada, which it described as a significant increase compared with the previous estimate in 2007. Full story...Esaase intercepts
Keegan Resources Inc has intersected further high-grade gold mineralisation during a drilling programme designed to expand the current resources at its Esaase gold deposit in Ghana. Full story...Getty study complete
Getty Copper Inc has received an independent prefeasibility study for development of the Getty copper-molybdenum project in British Columbia, outlining a combined open-pit and underground operation. Full story...More from Salt Creek
More drilling at Integra Mining Ltd's Salt Creek gold prospect at its Randalls project near Kalgoorlie in Western Australia has intersected high-grade mineralisation. Full story...Deep Yellow hits
Reverse-circulation and diamond-drilling at Deep Yellow Ltd's uranium properties in Namibia and Queensland have intersected further mineralisation. Full story...New Liberian rules
The Liberian government has issued new guidelines for mining concessions that reduce the length of time the permits can be held. Full story...Finance
African Eagle raising
African Eagle Resources plc has arranged a placing to raise gross proceeds of US$1.2 million for its Dutwa nickel project in Tanzania Full story...
Forte raising
Forte Energy NL has completed a placement of 120 million shares to raise A$12 million (US$9.7 million) Full story...Silvercorp cancellation
Silvercorp Metals Inc has terminated its offer for Klondex Mines Ltd, after the conditions for the offer failed to be met by the required deadline Full story...Northern choice
Northern Continental Resources Inc has chosen to accept an offer from Hathor Exploration Inc over a previous offer from Denison Mines Corp Full story...WISCO closes
Consolidated Thompson Iron Mines Ltd and Wuhan Iron and Steel Corporation Ltd (WISCO) have announced the completion of a strategic investment whereby WISCO will invest US$240 million into Consolidated Thompson Full story...Avoca extension
Avoca Resources Ltd has extended the offer period for its takeover of Dioro Exploration NL by one week Full story...Fifth Column
Noventa turns to Kohn
Listed companies only rarely tell the complete truth when a senior executive is fired, booted out or ousted. Full story...Reports
Australian minerals - on the rebound
Australia’s bedrock commodities – iron ore and coal – have helped buffer the effects of the global recession Down Under, Geoscience Australia reports Full story...Fund Fundamentals: New City prospects
Mining Journal presents the 14th in a series of interviews with professional investors in the resource sector Full story...People and Appointments
Mining engineering expertise for Firestone
Western Australian mining engineer Colin McIntyre has been named as a non-executive director of Firestone Energy Ltd Full story...MARCUS GETS RESERVE BANK CALL
Gill Marcus has resigned as a non-executive director of Gold Fields Ltd following her appointment as the new Governor of South Africa’s Reserve Bank Full story...EXECUTIVE CHANGES AT COPPER FOX
Guillermo Salazar has resigned as president and chief executive officer of Copper Fox Metals Inc Full story...CHROMEX COO JOINS BOARD
Chromex Mining plc has appointed chief operating officer Graham Stacey to its board of directors Full story...SHAREHOLDER GETS BOARD SEAT AT KAGARA
Mark McConnell has been appointed as a non-executive director of Kagara Ltd. Full story...Consular recognition
Central Asia Resources Ltd managing director, Jason Stirbinskis has been appointed the honorary consul of Kazakhstan in Western Australia Full story...Journal Team Diary
Storage Solution
Where to store your gold bullion isn’t a problem many people have to face Full story...Marijuana mining
A venture to grow marijuana underground, legally, may be about to go up in smoke as the relationship sours between grower Prairie Plant Systems (PPS) and mine-owner HudBay Minerals Inc. Full story...Site Search
Log inIssue: 24/07/09
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
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Mining Journal is looking to employ a full-time member of staff in British Columbia
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