25/09/09
China Investment Corporation grabs more resources exposure
China Investment Corp (CIC) took further steps into the world’s resource industry over the past week as it took a stake in commodities trader Noble Group Ltd and lent US$1.9 billion to Indonesian coal miner, PT Bumi Resources Tbk. Full story...Brazil plans new mining laws to control exploration, raise royalties
Brazil’s government is planning new mining laws that will raise royalties and set a time limit on exploration activities Full story...Hong Kong exchange prepares new rules
Hong Kong Exchanges and Clearing Limited (HKExs) has released details of plans to ease listing requirements, which would allow exploration companies to list on the bourse for the first time Full story...Sovereign wealth funds signal Ivanhoe interest
Ivanhoe Mines Ltd may sell up to 9.9% in Mongolia’s coveted Oyu Tolgoi copper-gold project, after being approached by sovereign wealth funds Full story...Rautenbach settles with South Africa
Muller Conrad Rautenbach, better known as Billy Rautenbach, has settled a 10-year legal battle with South Africa’s National Prosecuting Authority (NPA) by handing himself in and agreeing to pay a R40 million (US$5.4 million) settlement amount as a director of Botswana Hauliers. Full story...
Production and Markets
De Beers slams “distorted” NGO report
Diamond-giant De Beers has released a damning response to a report by South-African based non-government organisation the Bench Marks Foundation, calling it a “distorted and inaccurate depiction of the diamond industry” Full story...
Brazil plans new mining laws to control exploration, raise royalties
Brazil’s government is planning new mining laws that will raise royalties and set a time limit on exploration activities Full story...Newmont suspends Batu Hijau
Newmont Mining Corp has temporarily suspended operations at its Batu Hijau open-pit mine in Indonesia after a slope failure at the mine Full story...Polish mine tragedy death toll climbs
The death toll from an explosion at a Polish coal mine continued to rise the week, with latest reports saying 17 workers had died and 35 were in still in hospital, many with serious burns to their bodies and respiratory tracts Full story...Storms cut power to Broken Hill mine
Strong weather caused a city-wide blackout in Broken Hill, Australia this week, trapping two mineworkers at Perilya Ltd’s zinc-lead-silver mine for nearly 24 hours Full story...Newcastle port issues resolved
BHP Billiton has welcomed a new cargo-management accord at New South Wales’ Newcastle Port, from where it exports coal from its Hunter Valley mines Full story...Assmang accused of neglect
Assmang Ltd’s management have been accused of gambling with employees lives by ignoring warnings that a furnace could explode at an inquiry being held this week Full story...Exploration & Development
Companies hail BC power line decision
The Federal Canadian Government will help fund and build a C$400 million (US$371 million) power line in British Columbia, a decision applauded by several companies with projects pending in the region Full story...
Gryphon Gold revises Borealis project plan
Gryphon Gold Corp has released details of a new pre-feasibility study for its Borealis gold project in Nevada, revising the reserve and resource estimate from a feasibility study originally released in 2006 Full story...Four Mile delayed until April 2010
Alliance Resources Ltd and its joint venture partner Quasar Resources Pty Ltd have announce that commissioning of the Four Mile uranium project in South Australia has been delayed until April 2010 or beyond owing to a delay in the granting of a mining lease Full story...Maiden resource for Baobab
Baobab Resources plc has reported a maiden resource estimate for its Tete iron-vanadium-titanium project in Mozambique Full story...Serengeti extension
Serengeti Resources Inc has reported extensions to mineralisation at its wholly-owned Kwanika project in British Columbia as a result of recent drilling Full story...Capstone results
Capstone Mining Corp has announced the final results from its infill drilling programme at the Minto North deposit at its Minto mine in the Yukon Full story...Leyshon sells Zheng Guang as Lundin offloads Ozernoe
Leyshon Resources Ltd and Lundin Mining Corp have agreed to sell their interests in projects in China and Russia, respectively Full story...More high-grade Lalor, Doolgunna intercepts
Drilling at HudBay Minerals Inc’s Lalor and Sandfire Resources NL’s Doolgunna properties has indicated the continuation of wide, high-grade intersections of mineralisation Full story...Fronteer drilling
Fronteert Development Group Inc has reported drilling results from the West Zone at its Long Canyon gold project in Nevada Full story...Matoush upgrade
Strateco Resources Inc has released an update for the resource estimate at its Matoush uranium deposit in Quebec Full story...Sovereign wealth funds signal Ivanhoe interest
Ivanhoe Mines Ltd may sell up to 9.9% in Mongolia’s coveted Oyu Tolgoi copper-gold project, after being approached by sovereign wealth funds Full story...Mothae mining OK
Lucara Diamond Corp has been granted a 10-year mining lease (with a 10-year extension option) for the Mothae diamond project in Lesotho Full story...Resource tops 4Moz at Carrick’s WA gold project
Carrick Gold Ltd has added an extra 35,800oz at its Brilliant gold project – part of it assets near Kalgoorlie, in Western Australia – taking the combined total for all the assets to more than 4Moz Full story...Better grades at Batu Hitam
The latest diamond drillhole results at the Batu Hitam project in Indonesia owned by Robust Resources Ltd have indicated a strengthening of grade and thickness to the northeast of the project Full story...Higher coal resources boost Liberty’s UCG plans
Underground coal-gasification (UCG) aspirant Liberty Resources Ltd has increased the inferred thermal-coal reserves at its Queensland tenements from 388Mt to 3,166Mt as part of a broader exploration target of between 280,000Mt and 350,000Mt Full story...Macarthur increases Lake Giles iron ore to 542Mt
Macarthur Minerals Ltd has increased the inferred resource at its Clark Hill North magnetite iron-ore project in the Yilgarn region of Western Australia to 130Mt at 25.8% Fe Full story...Blackwater assay
Richfield Ventures Corp has released assay results from three further diamond-drill holes of its 15-hole programme at the Blackwater gold-silver project in central British Columbia Full story...Fond Du Lac drilling
CanAlaska Uranium Ltd has published the latest results from its drill programme at the Fond Du Lac uranium project in the Athabasca Basin, Canada Full story...Mt Morgans results
An RC infill drilling program at the Mt Morgans project, Western Australia, owned by Range River Gold Ltd has confirmed that the Craic and Ramornie deposits will form the basis of an open-pit mining program Full story...Wayside results
International Wayside Gold Mines Ltd has received the first drilling results from the infill drilling programme at the Bonanza Ledge zone at its Cariboo gold project in British Columbia Full story...Finance
China Investment Corporation grabs more resources exposure
China Investment Corp (CIC) took further steps into the world’s resource industry over the past week as it took a stake in commodities trader Noble Group Ltd and lent US$1.9 billion to Indonesian coal miner, PT Bumi Resources Tbk. Full story...
Lynas loses Chinese funding for Mt Weld
Lynas Corp Ltd has failed to secure Chinese funding to support development of its Mount Weld rare-earths project in Western Australia, after Australia’s investment watchdog blocked the proposal Full story...Copper Mountain rejects Taseko proposal
Copper Mountain Mining Corp has rejected a C$10 million financing proposal from Taseko Mines Ltd that would have resulted in the company owning 88% of Copper Mountain’s shares. Full story...Petra gets bond extension
Petra Diamonds Ltd has secured an 18-month extension to a convertible bond with one of its largest shareholders Full story...Endeavour's new stake
Endeavour Financial Corp has agreed to invest US$43 million in Etruscan Resource Inc and to purchase existing shares and warrants, which could eventually result in it owning a controlling stake. Full story...Rautenbach settles with South Africa
Muller Conrad Rautenbach, better known as Billy Rautenbach, has settled a 10-year legal battle with South Africa’s National Prosecuting Authority (NPA) by handing himself in and agreeing to pay a R40 million (US$5.4 million) settlement amount as a director of Botswana Hauliers. Full story...NA Palladium raising
North American Palladium Ltd has increased its previously announced cross-border bought-deal financing by 4.8 million units to 16 million. Full story...Glencore sells US Zinc assets for US$126m
Glencore Group, the largest shareholder in Xstrata plc, has sold its East Tennessee zinc mine complex to Nyrstar NV for US$126 million Full story...Hong Kong exchange prepares new rules
Hong Kong Exchanges and Clearing Limited (HKExs) has released details of plans to ease listing requirements, which would allow exploration companies to list on the bourse for the first time Full story...Resolute plans
Resolute Mining Ltd plans to expand the capital raising announced on September 4 Full story...Controversy reigns at Simmers
Last weekend five non-executive directors precipitously resigned from the board of South African miner Simmer & Jack Ltd after an acrimonious AGM. Full story...Greystar raising
Greystar Resources Ltd has launched an offering of 15.7 million units at a price of C$3.50 (US$3.30) each for gross proceeds of up to C$55 million Full story...NWR cuts debt
New World Resources NV (NWR) has started an invitation to tender its outstanding 7.375% senior notes for cash Full story...Allied and ASG to create Pacific Rim gold producer
Allied Gold Ltd has made a friendly approach to take over Australian Solomons Gold Ltd (ASG) in an attempt to create a company producing 300,000oz/y by 2013 Full story...CAMEC offer formal
Eurasian Natural Resources Corp plc (ENRC) has made an official offer of £0.20/share (US$0.33/share) for Central African Mining & Exploration Company plc (CAMEC), valuing the firm at £584 million Full story...Barrick completion
Barrick Gold Corporation has announced that is has completed its previously announced bought deal equity offering of approximately 109 million common shares. Full story...Northgate boosts purse for project
Northgate Minerals Corp plans to sell 34.3 million shares at a price of C$2.92 (US$2.73) each, in a bought-deal arrangement, for gross proceeds of C$100 million Full story...Reports
Coal stays the course
Coal has been the fastest growing fuel used for six years now, with production and consumption on the increase. however, the industry is still battling the environmental challenges caused by coal mining, with new techniques constantly being tested Full story...
Opportunities abound in Slovakia
Located in central Europe, Slovakia has a budding mining industry and hosts one of the world’s largest magnesite deposits Full story...People and Appointments
Kalimantan new non-exec
Kalimantan Gold Corporation Ltd has announced the appointment of Peter Botjos as non-executive chairman of the board of directors following the resignation of Murray Clapham Full story...Pan-African board appointments
Pan African Resources plc has appointed four new board members Full story...Energybuild board reshuffle
John Hogg, Braam Jonker and Thomas Button have been appointed as Non-Executive directors of Energybuild Group plc’s board with immediate effect Full story...Jupiter Board new non-exec
Jupiter Mines Ltd has announced the appointment of Sun Moon Woo as a non-executive director as its shareholders approve POSCO Australia’s investment in the company Full story...High River CEO resigns
Nikolay Zelenskiy has resigned as CEO of High River Gold Full story...Trans Hex director resigns
P Lazarus Zim has resigned as non-executive director and chairman of the Trans Hex Group Ltd board with immediate effect Full story...Journal Team Diary
Tragedy remembrance
Last week residents of North Lanarkshire in Scotland gathered in Moodiesburn to pay tribute to the memory of 47 miners killed in the nearby Auchengeich colliery Full story...Site Search
Log inIssue: 25/09/09
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
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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