26/03/2010
Canadian companies to join in ‘merger of equals’
Described as the creation of a “leading intermediate copper producer”, Quadra Mining Ltd and FNX Mining Company have agreed to a merger that would result in a new company with a market capitalisation of US$3.5 billion. The combined company, Quadra FNX Mining Ltd, has been labelled a “merger of equals” by FNX chairman and chief executive officer Terry MacGibbon, that will establish a mid-cap Canadian mining company. Full story...ACCC revisits BHPB-Rio Tinto Pilbara deal
Australia’s competition watchdog, the Australian Competition & Consumer Commission, has called for submissions as it again reviews the proposed merger of BHP Billiton and Rio Tinto’s Western Australian iron-ore assets Full story...Cyclone closes port for up to six weeks
BHP Billiton Mitsubishi Alliance has declared force majeure from coal shipments from its Hay Point coal terminal in Australia after it was damaged by a cyclone last weekend Full story...Ivanhoe and Kazakh partner combine gold interests
Ivanhoe Mines Ltd has combined the Bakyrchik gold project and the Bolshevik gold deposit in Kazakhstan into one development, called the Kyzyl Project Full story...Belvedere to cost A$2.8 billion
The joint-venture Belvedere hard coking-coal project in Queensland’s Bowen Basin is set to cost its ownership group A$2.81 billion (US$2.56 billion), findings from a pre-feasibility study revealed Full story...Petropavlovsk announces iron-ore funding, reports higher gold profits
Petropavlovsk plc has agreed a term-sheet and co-operation framework agreement with Chinese entities for the funding and construction of the Kimkano-Sutarskiy (K&S) iron-ore project in Far East Russia Full story...DRC tin traceability moves ahead
ITRI, the tin industry body, has initiated the second phase of a comprehensive due-diligence plan for tin minerals exported from the Democratic Republic of the Congo Full story...
Production and Markets
ACCC revisits BHPB-Rio Tinto Pilbara deal
Australia’s competition watchdog, the Australian Competition & Consumer Commission, has called for submissions as it again reviews the proposed merger of BHP Billiton and Rio Tinto’s Western Australian iron-ore assets Full story...
Cyclone closes port for up to six weeks
BHP Billiton Mitsubishi Alliance has declared force majeure from coal shipments from its Hay Point coal terminal in Australia after it was damaged by a cyclone last weekend Full story...Cluff exceeds targets
Cluff Gold plc has said production for the first two months of 2010 was above what was expected under a previously announced 100,000oz target for the full year Full story...Bucko ships again
Crowflight Minerals Inc said it has shipped concentrate from the Bucko Lake nickel mine for the first time since operations were suspended in November last year Full story...Shareholders aim for ZincOx board
Activist shareholders of ZincOx Resources plc are attempting to remove five executive directors and one non-executive director from its board Full story...Sishen mine review to take place
South Africa’s Department of Mineral Resources will conduct an internal review into the award of part of the prospecting rights for the Sishen mine in the northern Cape after appeals by Anglo American plc subsidiary Kumba Iron Ore Ltd Full story...Alrosa now rough diamond leader
Russian diamond miner Alrosa Co Ltd was the leading producer of rough diamonds in 2009, overtaking South Africa’s De Beers Full story...DRC tin traceability moves ahead
ITRI, the tin industry body, has initiated the second phase of a comprehensive due-diligence plan for tin minerals exported from the Democratic Republic of the Congo Full story...Verdict to be given for Rio Tinto employees
A verdict in the bribery and commercial-secrets case against the four Rio Tinto executives will be given on March 29, the company was advised on Thursday Full story...Exploration & Development
Renard grows to major mine
An updated scoping study for development of Stornoway Diamond Corp’s Renard diamond project, part of its Foxtrot property in Quebec, has extended the proposed mine life from seven to 25 years Full story...
Ramu setback
Highlands Pacific Ltd reports that, according to the operator of the Ramu lateritic nickel-cobalt project in Papua New Guinea, construction of the project’s deep-sea tailings disposal has been halted by an injunction Full story...Western Areas raises Spotted Quoll reserve
The underground reserve for Western Areas NL’s Spotted Quoll nickel project in Western Australia contains just over 90,000t of nickel, according to a new estimate by a combination of company staff and independent consultants Full story...Initial Prairie Downs estimate for Dynasty
Dynasty Metals Australia Ltd has received the initial inferred resource estimate for its Prairie Downs iron-ore project in Western Australia Full story...Zafranal results
Drilling results from Apoquindo Minerals Inc’s programme at the Zafranal copper-gold porphyry property near Arequipa in Peru indicate wide zones of mineralisation Full story...Mansfield focuses on Lindero after study
Mansfield Minerals Inc plans to advance permitting for development of its Lindero porphyry gold project in Argentina’s Salta Province after an independent prefeasibility study Full story...Wide Roseby intercept
Universal Resources Ltd reported that Xstrata plc, earning a 51% interest in ground below and around the Roseby copper project near Mt Isa in Queensland, has intersected hundreds of metres of “moderate” copper mineralisation Full story...Rovina scoping focuses on higher grade
An independent scoping study for development of Carpathian Gold Inc's Rovina copper-gold project in Romania focuses on the higher-grade zones of the three porhphyries included in the proposed operation. Full story...Donlin Creek grows with data, price
An independent reserve estimate for the joint-venture Donlin Creek gold project in Alaska has increased reserves to 33.6Moz after including data from drilling completed after the previous calculation, and a higher gold price assumption Full story...Kobada due diligence
Reverse-circulation drilling by an unnamed company at African Gold Group Inc’s Kobada gold property in Mali has returned gold mineralisation outside the current resource Full story...Esquilache intercepts
Vena Resources Inc has completed a diamond-drilling programme at its Esquilache polymetallic property in southeastern Peru Full story...Miitel step-out
Mincor Resources NL has intersected what it regards as potentially new discoveries of nickel mineralisation north and south of its Miitel nickel mine, near Kambalda in Western Australia Full story...More from Patagonia
Following its recent high-grade gold-silver intersections at the Manchuria property in Santa Cruz, Argentina, Patagonia Gold plc has received high-grade results from drilling at the Cap-Oeste property to the northwest Full story...Finance
Canadian companies to join in ‘merger of equals’
Described as the creation of a “leading intermediate copper producer”, Quadra Mining Ltd and FNX Mining Company have agreed to a merger that would result in a new company with a market capitalisation of US$3.5 billion. The combined company, Quadra FNX Mining Ltd, has been labelled a “merger of equals” by FNX chairman and chief executive officer Terry MacGibbon, that will establish a mid-cap Canadian mining company. Full story...
Top executives leave Hochschild, internal replacements appointed
The chief executive and chief financial officer at Hochschild Mining plc have stepped down after overseeing a record year for production and profits Full story...Equinox settles dispute
Equinox Minerals Ltd has agreed a US$4 million settlement with Zambian electricity provider, Zesco, to settle a dispute Full story...African Barrick lists at lower end of IPO price range
African Barrick Gold plc has listed on the Main Board of the London Stock Exchange, after selling shares towards the lower end of its marketed price range Full story...Osisko buys more Canadian ounces to grow pipeline
Osisko Mining Corp has announced a friendly C$372 million (US$365 million) fully-diluted takeover bid for Brett Resources Inc, which could increase the company’s forecast production to over 1Moz by 2015, if each company’s projects come to fruition Full story...Kootenay to raise US$20 million
Union Securities Ltd will act as lead agent in a syndicate that will conduct a private placement to raise up to US$20 million for Kootenay Gold Inc’s bid to purchase the Sunshine mine in Idaho, USA Full story...De Beers puts Jagersfontein up for sale
De Beers has called for expressions of interest over the Jagersfontein mining property, particularly the tailings, in South Africa’s Free State province Full story...Cape Lambert targets DMC
Australian resources and investment company Cape Lambert Resources Ltd is targeting DMC Mining Ltd after making a A$34 million (US$31.1 million) cash deal for the fellow ASX-listed firm Full story...Ivanhoe and Kazakh partner combine gold interests
Ivanhoe Mines Ltd has combined the Bakyrchik gold project and the Bolshevik gold deposit in Kazakhstan into one development, called the Kyzyl Project Full story...Titanium sees improving results
Titanium Resources Group (TRG) has turned around its pre-exceptional earnings before interest, tax, depreciation and amortisation for the period to end-December Full story...Romarco to raise C$120m for feasibility on Haile
Romarco Minerals Inc has announced a C$120 million (US$117 million) bought deal financing to progress its flagship Haile gold project in South Carolina towards a final feasibility study. Full story...Belvedere to cost A$2.8 billion
The joint-venture Belvedere hard coking-coal project in Queensland’s Bowen Basin is set to cost its ownership group A$2.81 billion (US$2.56 billion), findings from a pre-feasibility study revealed Full story...Petropavlovsk announces iron-ore funding, reports higher gold profits
Petropavlovsk plc has agreed a term-sheet and co-operation framework agreement with Chinese entities for the funding and construction of the Kimkano-Sutarskiy (K&S) iron-ore project in Far East Russia Full story...Japanese companies venture into Canadian copper
A trio of Japanese companies have agreed to purchase 25% of the Gibraltar copper mine in British Columbia from Taseko Mines Ltd for about C$187 million (US$183.7 million) Full story...Outlook strong for Ferrexpo after challenging 2009
Iron-ore producer Ferrexpo plc said it was now experiencing very strong demand and was upbeat about its 2009 performance Full story...South Africa’s IDC and Korea Resources form mining alliance
Korea Resources Corp and the South African state-owned, Industrial Development Corporation, have formed an alliance to identify and carry out co-operative activities Full story...Antam profit falls
PT Antam Tbk, the Indonesian gold and nickel producer, made a net profit of Rp604 Full story...Fifth Column
Long-term project
Gord McCreary completed his MBA thesis, entitled: “A Preliminary Discussion of Factors Relating to the Transportation of Iron Ore from the Arctic Archipelago” in 1978 Full story...Reports
Fund Fundamentals: African foray
In the latest of a series of interviews with professional investors in the resources sector, Mining Journal talks to the manager of a fund embracing a new strategy of investing in Africa Full story...
Land of opportunity
Ireland has become a major zinc and lead mining centre in Europe, and exploration is increasing Full story...Mining revival
A resurgent interest in metal mining is putting the UK back on the exploration radar Full story...Investor Seminars: Africa Day 03/10 - African sweet spot
Africa has much to offer but needs a hand up, not a hand out Full story...People and Appointments
Olivier to lead TanzaniteOne
Bernard Olivier has been appointed as the chief executive of TanzaniteOne plc Full story...Sungro develops board
Exploration company Sungro Minerals Inc has continued the development of its board with the addition of Thomas Craft Full story...Nyota board changes
Nyota Minerals Ltd has appointed Peter David Pettman as a non-executive director with immediate effect Full story...Metalloinvest director resigns
Mark Buzuk, general director of Metalloinvest Management Company has resigned Full story...Barrick to nominate director
Northwest & Ethical Investments LP has filed a resolution with Barrick Gold Corp asking the company to nominate a director with experience in corporate responsibility, environment or human rights and community engagement issues Full story...New Namibia mines & energy minister
Isak Katali was appointed as Namibia’s new minister of mines and energy in a cabinet reshuffle of March 21 by President Hifikepunye Pohamba Full story...Goss takes ATAC chairman role
Douglas Goss has been appointed chairman of junior miner ATAC Resources Ltd Full story...Journal Team Diary
Ipad to get the Diamond treatment
As Apple’s highly-anticipated iPad is readied for market next month, the computer manufacturer is also to see a diamond-encrusted version of its gadget released by a third-party producer, Antwerp Facets reports Full story...Site Search
Log inIssue: 26/03/2010
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
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Minerals Geoscientist Vacancy - Neftex
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Senior Hydrogeologist - Schlumberger
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