28/05/2010
More First Quantum projects at risk in DRC
A ruling on a case between the government of the Democratic Republic of Congo (DRC) and a state-owned entity has placed uncertainty over more assets of First Quantum Minerals Ltd, in what the company describes as an “orchestrated attack” on its operations Full story...China looks at new resources tax
China is to trial a new resources tax of up to 5% on revenue from coal, crude oil and natural gas sales in the Xinjiang region, Chinese media has reported Full story...Chinese inroads into South African platinum
Chinese investors have secured a deal to acquire control of Wesizwe Platinum Ltd in a package valued at almost US$878 million Full story...Russia targets Namibian uranium
Russia is preparing to invest about US$1 billion into Namibia to develop uranium mines, Rosatom Corp chief executive Sergei Kiriyenko said this week Full story...Miners bid A$4.85bn for Queensland’s rail network
A consortium of coal miners in Queensland has offered to buy the state’s coal rail network for A$4.85 billion (US$4.0 billion) Full story...
Production and Markets
More First Quantum projects at risk in DRC
A ruling on a case between the government of the Democratic Republic of Congo (DRC) and a state-owned entity has placed uncertainty over more assets of First Quantum Minerals Ltd, in what the company describes as an “orchestrated attack” on its operations Full story...
Leak at Lonmin furnace
Lonmin plc said a leak around a slag tap hole at its Number One furnace will delay commissioning by 25-30 days and force the firm to use more toll refining if it wants to meet this year’s 700,000oz platinum target Full story...Platinum Australia to cancel AIM listing
Platinum Australia Ltd intends to cancel the listing of its shares on the London AIM market on July 2 Full story...Zimplats considering Zimbabwean refinery
Zimbabwe Platinum Mines Ltd (Zimplats), the 87%-owned subsidiary of Impala Platinum Holdings Ltd (Implats), has said it might build a refinery in Zimbabwe Full story...WGC optimistic for gold
The demand for gold “is likely to be strong” this year, “driven by jewellery demand in India and China, and investment demand in Europe and the US”, according to the World Gold Council Full story...Exploration & Development
Detour Lake plan targets +800,000oz
Detour Gold Corp’s Detour Lake gold project in Ontario could support average annual gold production of 649,000oz, peaking at more than 800,000oz, according to the project’s independent feasibility study Full story...
Bellzone signs Kalia transport finance MoU
Bellzone Mining plc has signed a binding memorandum of understanding (MoU) with China International Fund Ltd (CIF) for the financing of port and rail infrastructure to transport iron ore from a planned development in Guinea Full story...Cibaliung pours first gold
PT Antam Tbk has begun gold production at the Cibaliung gold mine in Indonesia Full story...Jabal Sayid licence
Citadel Resource Group Ltd has received the mining licence for its 50%-owned Jabal Sayid copper-gold project in Saudi Arabia Full story...Karchiga scoping for Orsu
Orsu Metals Corp has received a scoping study for development of its Karchiga copper deposit in Kazakhstan from consultant Micon International Full story...Kaminak discovery
The first two holes drilled at Kaminak Gold Corp’s Coffee property in Canada’s Yukon Territory have intersected “intense alteration and mineralisation over wide intervals”, according to president and chief executive Rob Carpenter Full story...Angostura delay
Greystar Resources Ltd has not yet received a decision concerning its appeal against a ruling by the Colombian environment ministry requiring a new environmental impact assessment for the company’s Angostura gold-copper project Full story...Magic results
Silver Lake Resources Ltd has intersected high-grade gold mineralisation during drilling at the Magic deposit near its Daisy Milano mine in Western Australia Full story...More from Majestic
Integra Mining Ltd’s continuing drilling programme at the Majestic gold discovery, near its Salt Creek project in Western Australia, has intersected further mineralisation Full story...Discovery plans bigger Boseto
The feasibility study for development of Discovery Metals Ltd’s Boseto copper-silver project in Botswana has been revised and delayed to take into account an increase in throughput from 2Mt/y to 3Mt/y Full story...Kipoi Central boost for Tiger
Drilling since March 2008 at Tiger Resources Ltd’s 60%-owned Kipoi copper project in the Democratic Republic of the Congo has contributed to an increase in contained copper of 45% to about 842,000t Full story...Trafigura-backed Invicta audited
An optimised feasibility study for Andean American Mining Corp’s Invicta polymetallic volcanogenic massive-sulphide project in Peru has changed metallurgical forecasts Full story...Finance
New listing rules in Hong Kong
The Hong Kong Exchanges and Clearing Ltd has announced new rules for the listing of exploration and mining companies on the Hong Kong Stock Exchange Full story...
Ncondezi targets coking potential, quality tonnes as project progresses
Ncondezi Coal Company Ltd said it would use funds from its upcoming listing to complete a feasibility study, add tonnes to its mineral resources and investigate the coking-coal potential on its Ncondezi project (pictured) in Mozambique’s Tete province Full story...Ivanhoe: Oyu Tolgoi funding, Australian spending
Ivanhoe Mines Ltd has signed a preliminary agreement with two financial institutions that are considering funding packages for the development of the Oyu Tolgoi project in southern Mongolia Full story...Meijin increases DMC offer
Meijin Energy Group has raised its offer for West African iron-ore explorer DMC Mining Ltd by A$0.03/share to A$0.53/share Full story...Angel Mining breaches loan agreement
Angel Mining plc said it has had to default on its latest quarterly loan repayment due to delays in gold production and in securing finance for a project Full story...Changes on agenda to super-tax threshold
The Australian Treasury has paved the way for changes to the 6% threshold at which the government’s proposed resources super-profits tax (RSPT) would begin Full story...China looks at new resources tax
China is to trial a new resources tax of up to 5% on revenue from coal, crude oil and natural gas sales in the Xinjiang region, Chinese media has reported Full story...Chinese inroads into South African platinum
Chinese investors have secured a deal to acquire control of Wesizwe Platinum Ltd in a package valued at almost US$878 million Full story...Russia targets Namibian uranium
Russia is preparing to invest about US$1 billion into Namibia to develop uranium mines, Rosatom Corp chief executive Sergei Kiriyenko said this week Full story...Cliffs goes for Big Daddy control, junior owners propose merger
KWG Resources Inc and Spider Resources Inc have responded to a cash offer by Cliffs Natural Resources Inc by proposing a 50:50 merger Full story...Miners bid A$4.85bn for Queensland’s rail network
A consortium of coal miners in Queensland has offered to buy the state’s coal rail network for A$4.85 billion (US$4.0 billion) Full story...LontohCoal, Galaxy Gold begin marketing southern African assets
LontohCoal Ltd and Galaxy Gold Ltd, both newcomers to the southern African resources sector, have begun marketing themselves ahead of listings on the Johannesburg bourse later this year Full story...Fifth Column
Positive out of negative
Ken Gooding writes that "It is so unusual to see a company being upfront and honest when giving shareholders negative news that I was startled by a statement by Central China Goldfields plc". This refered to the Nimu project in which the company had made significant progress but has had to sell. Full story...Reports
Future in balance
As the global economy begins to pick up, so does the outlook for the platinum sector Full story...MEG Monitor: Activity picks up
Financing and base metals resource announcements grow as number of advancing late-stage projects falls Full story...Back to the boom
The mining sector is returning to its former strength but new challenges are emerging, according to PricewaterhouseCoopers’ latest report on the sector Full story...China Africa investment relations
China’s economic intervention has already allowed Africa to raise its profile on the world stage and has lead to permanent socio-economic changes on the continent Full story...People and Appointments
Wallington moves to CofA
Former Anglo Coal chief John Wallington has been appointed as the new chief executive of Coal of Africa Ltd Full story...Taylor new Wildcat
Don Taylor has joined Wildcat Silver Corp as vice president of exploration Full story...Carrick welcomes Burston
Ian Burston has been appointed deputy chairman of Carrick Gold Ltd. Full story...Churchill expands in Indonesia
Churchill Mining plc has appointed Paul Graus as chief financial officer Full story...Nyota appoints Tucker
Terry Tucker has joined Nyota Minerals Ltd in a non-board capacity as chief operating officer Full story...Conquest board adjustments
Conquest Mining Ltd’s shareholders have approved the appointment of executive chairman Jake Klein, and non-executive directors Nicholas Curtin and James Askew Full story...Neo assigns Hastings
Neo Resources Ltd has appointed Ross Hastings as an independent non-executive director Full story...Journal Team Diary
Gold ATM in Abu Dhabi
Visitors to Abu Dhabi can now take home a unique souvenir from the prospering city in the United Arab Emirates – a gold bar or coin Full story...Site Search
Log inIssue: 28/05/2010
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
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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