27/11/2009
Rapaport puts nail in Kimberley coffin
The Rapaport Group, the world’s primary source of diamond prices and market information, has denounced the actions of the Kimberley Process (KP) towards Zimbabwe, and announced that it will expel members found to be trading diamonds from the Marange diamond deposit Full story...DRC: Canada holding back funds
The Democratic Republic of the Congo has accused Canada of holding back a deal over foreign debt because of a dispute over the cancellation of First Quantum Minerals Ltd’s mining licence Full story...Afghan minister denies bribery charge
Afghanistan’s minister of mines, Mohammad Ibrahim Adel, has publically denied allegations that he accepted a bribe for the tender of the Aynak copper project, as reported in the Washington Post Full story...IMF: on-market gold sales ahead
Open-market disposal is expected if the International Monetary Fund cannot find buyers for the remaining half of the 403t of gold it has put up for sale Full story...
Production and Markets
Rapaport puts nail in Kimberley coffin
The Rapaport Group, the world’s primary source of diamond prices and market information, has denounced the actions of the Kimberley Process (KP) towards Zimbabwe, and announced that it will expel members found to be trading diamonds from the Marange diamond deposit Full story...
DRC: Canada holding back funds
The Democratic Republic of the Congo has accused Canada of holding back a deal over foreign debt because of a dispute over the cancellation of First Quantum Minerals Ltd’s mining licence Full story...Arbitration advance
Pacific Rim Mining Corp said that the nominated arbitrators for its investment dispute with the government of El Salvador have accepted their appointment and that the arbitration will now proceed Full story...Spence accord
BHP Billiton has reached a pay agreement with striking miners at its Spence mine in Chile Full story...Ex-employees attack Kroondal mine
Former employees of Aquarius Platinum Ltd’s Kroondal mine who returned to the site to collect unemployment insurance cards, descended a decline shaft at the operation and staged a 24-hour sit in before being removed by police, the company has confirmed Full story...Newmont, Sumitomo reach Batu Hijau ownership agreement
Newmont Mining Corp has finally resolved the ownership structure of its Indonesian venture, Nusa Tenggara, with receipt of US$494 million from a group led by mining company PT Bumi Resources Full story...IMF: on-market gold sales ahead
Open-market disposal is expected if the International Monetary Fund cannot find buyers for the remaining half of the 403t of gold it has put up for sale Full story...Roof fall at Emerald Coal
Alpha Natural Resources Inc says its Emerald longwall mine near Waynesburg, Pennsylvania, experienced a roof fall that disabled the main conveyer line and shut coal production Full story...Silver to surpass US$20/oz
GFMS, the metals consultancy, has said it expected the silver price to surpass US$20/oz in the short term on the back of continued investment in the precious metal Full story...Debswana to invest US$500m at Jwaneng
De Beers and the Botswana government are to proceed with a US$500 million extension of Jwaneng. It is the largest ever single capital commitment in the country’s private sector Full story...Exploration & Development
Revision improves Marathon feasibility
Marathon PGM Corp has received a revised feasibility study for development of its namesake platinum group metals (PGM) project in Ontario, reducing capital costs, according to the company Full story...
Waterberg resource rises to 1.3Gt of coal
Firestone Energy Ltd has released an updated resource estimate for its Waterberg coal joint venture in South Africa Full story...Green light for Red 5's Siana
Red 5 Ltd has received the final permit for its Siana historical gold project in the Philippines to proceed Full story...IOH advances WA iron plans
Iron Ore Holdings Ltd (IOH) has secured a number of developments regarding its iron-ore projects in Western Australia’s Pilbara region, including an off-take agreement and an exclusive sales negotiation with Rio Tinto Full story...Beyondie's fourfold upgrade
The scale of the Beyondie magnetite iron-ore joint venture in Western Australia has been confirmed by 50%-owner Emergent Resources Ltd, which announced a four-fold increase in inferred resources to 561Mt at 27.5% Fe Full story...Xstrata commits US$50 million at Zanaga
Xstrata plc has agreed to commit at least US$50 million for exploration and a prefeasibility study at the Zanaga iron-ore project in the Republic of the Congo Full story...Cairn Hill gets final licence
IMX Resources Ltd has received the final licence it needs to proceed with its Cairn Hill iron-ore project in South Australia Full story...Runruno plan delayed on reduced resource
An independent resource estimate for Metals Exploration plc’s 85%-owned Runruno gold-molybdenum project on Luzon island in the Philippines, completed as part of the feasibility study, has delineated 1.5Moz of gold and 25.4Mlb (about 11,500t) of molybdenum in overall resources, compared with the previous 2Moz of gold and 34.4Mlb of molybdenum Full story...Thor cuts Molyhil on prices
Thor Mining plc has reduced expenditures related to its Molyhil molybdenum-tungsten project in Australia’s Northern Territory, citing the fall in the world prices of molybdenum and tungsten Full story...Barbara update
Mt Isa Metals Ltd reports that additional drilling at the Barbara Copper joint venture in Queensland has intersected further high-grade copper mineralisation Full story...Llancahue assays
Coro Mining Corp has received results from a drilling programme designed to follow up a previous discovery of copper-molybdenum-silver mineralisation at its Llancahue property in central Chile Full story...Vaquillas assays
Hochschild Mining plc has received drilling results from the Victoria gold-silver joint venture in Chile that suggest the target has potential to host high-grade vein and bulk-tonnage gold-silver mineralisation Full story...More Cerro Negro
Andean Resources Ltd has intersected further gold-silver mineralisation in its drilling programme on the Cerro Negro property in southern Argentina Full story...Management blamed for Chinese disaster
The death toll from the Xinxing mine blast on November 21 has reached 107, and officials have already apportioned blame to management and to poor safety measures Full story...Brilliant results
Carrick Gold Ltd has completed the drilling programme at its Brilliant gold project in Australia Full story...Thudelarra drilling
Thundelarra Exploration Ltd has announced further drilling results from its Allamber uranium project in Australia Full story...Henty gold
Bendigo Mining Ltd has discovered further mineralisation at its Henty gold property Full story...Lithium agreement
Bolivia and Iran have agreed to co-operate on a study of Bolivia’s lithium reserves, the largest in the world Full story...Finance
CSN buys into Benga developer Riversdale
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) has made a A$190 million (US$177 million) investment in coal developer Riversdale Mining Ltd, purchasing a 16.3% stake in the company from Australian coal magnate Ken Talbot Full story...
Afghan minister denies bribery charge
Afghanistan’s minister of mines, Mohammad Ibrahim Adel, has publically denied allegations that he accepted a bribe for the tender of the Aynak copper project, as reported in the Washington Post Full story...World-scale lithium producer Talison to float
Australian producer Talison Lithium Ltd plans to list in Sydney and Toronto in an initial public offering valued at nearly A$200 million (US$184 million) Full story...First Quantum to buy Kiwara for US$260m
The board of directors in Kiwara plc, and shareholders representing a total of 76% of the company’s shares, have agreed to accept a US$260 million cash and share offer from First Quantum Minerals Ltd Full story...Correction
Michael Wilson & Partners Ltd (the winning plaintiff in the recent lawsuit in the Supreme Court of New South Wales) is based in Kazakhstan, not Australia, as reported in last week’s Mining Journal article Full story...Cape Lambert takes 100% of Marampa
Mining investment and exploration firm Cape Lambert Resources Ltd will take full control of the Marampa iron-ore project in Sierra Leone, with a A$31 million scrip payment (US$29 million) to African Minerals Ltd (AML) Full story...Cliffs to become major chromite producer
Cliffs Natural Resources Inc has announced plans to become one of North America’s premier chromite producers Full story...Cloud Peak IPO nets Rio Tinto US$741 million
Rio Tinto has netted US$741 million from the initial public offering (IPO) of Cloud Peak Energy Inc on the New York Stock Exchange. The offering leaves Rio with a residual 48% stake in what is the third-largest US coal producer Full story...EDC lends Codelco US$200m
Export Development Canada has loaned Corporación Nacional del Cobre de Chile US$200 million to encourage the purchase of Canadian equipment, technology and services Full story...Polaris bids continue
The takeover battle for Polaris Metals NL continued this week as both interested parties made renewed bids for the company Full story...Fifth Column
Street wise
Kerry Stokes has such a high profile in Australia that most media commentators automatically describe his exploration company as Kerry Stokes’ Iron Ore Holdings Full story...Reports
China's fresh stance on outbound mining investments
China’s investment in foreign mining companies has increased since the start of the global downturn, and the Asian giant is focused on how these transactions take place Full story...
Mixed year on AIM
The past 12 months have been a difficult period for London’s AIM. But share prices and market capitalisation for many mining companies have increased as commodities rallied Full story...Nomads are your best friends
When economic markets bounce back, AIM will be best-placed for crucial investment dollars Full story...People and Appointments
Hudbay nominates Hair for Aquila
Alan Hair has been nominated as HudBay Minerals Inc’s nominee to the board of Aquila Resources Inc Full story...Development VP at Lucara
Lucara Diamond Corp has appointed Tony George as vice president development from January Full story...Carr to drive Vital forward
Howard Carr, has been appointed as chief executive officer of Vital Metals Ltd Full story...New CEO at Eskay Mining
Hugh (Mac) Balkam has been appointed as president and chief executive of Eskay Mining Corp, following the resignation of Wally Boguski Full story...Journal Team Diary
Pienaar's payout
The latest annual report from Mvelaphanda Resources Ltd has revealed a R62.9 million (US$8.4 million) payout to Pine Pienaar Full story...Site Search
Log inIssue: 27/11/2009
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
SEARCH FOR NEWS BY COMPANY
Recently Created or Updated Company News Portals
READ IN-DEPTH REPORTS
SPECIAL FEATURES
RESOURCE NEWS