29/01/10
Strong opposition to proposed Australian mining tax
Australian mining companies are calling for clarification after it was revealed they may be hit by a new federal tax on minerals. The charges are reported to be much higher than the current state-based royalty system. Full story...Allied denies mercenary claim
Allied Gold Ltd said that it “rejects outright” allegations that it hired Fijian mercenaries to provide security services at its Simberi gold project in Papua New Guinea (PNG). Full story...Fresh attack on Grasberg convoy
Another attack on a Grasberg convoy has been confirmed by the Indonesian mine’s owners, Freeport-McMoRan Copper & Gold Inc Full story...Aurora’s East Rand mine evacuated due to flooding
Some 800 South African mine workers were evacuated earlier this week from the East Rand Mines of Aurora Empowerment Systems Full story...Majors dive into potash
Two of the world’s major mining companies have announced key investments into the potash and fertiliser industries. Full story...Xstrata tentatively increases Mount Isa activity
Xstrata plc has partially reopened the Handlebar Hill lead-zinc mine – part of its Mount Isa operation in Queensland. Full story...
Production and Markets
Strong opposition to proposed Australian mining tax
Australian mining companies are calling for clarification after it was revealed they may be hit by a new federal tax on minerals. The charges are reported to be much higher than the current state-based royalty system. Full story...
Allied denies mercenary claim
Allied Gold Ltd said that it “rejects outright” allegations that it hired Fijian mercenaries to provide security services at its Simberi gold project in Papua New Guinea (PNG). Full story...Fresh attack on Grasberg convoy
Another attack on a Grasberg convoy has been confirmed by the Indonesian mine’s owners, Freeport-McMoRan Copper & Gold Inc Full story...Denison to increase uranium output
US uranium producer Denison Mines Corp has forecast an increase to 1.8Mlb (816t) of U3O8 production this year, up from 1.4Mlb in 2009. Full story...Aurora’s East Rand mine evacuated due to flooding
Some 800 South African mine workers were evacuated earlier this week from the East Rand Mines of Aurora Empowerment Systems Full story...Gem Diamonds sees recovery
Gem Diamonds Ltd said it experienced strong rough-diamond prices in the last three months of 2009, especially for larger top-quality and top-colour stones. Full story...Europe to investigate BHP/Rio iron-ore JV
The European Commission has opened a cartel investigation into the proposed joint-venture of BHP Billiton and Rio Tinto’s iron-ore mines in the Pilbara. Full story...Moma ups production
Kenmare Resources plc’s Moma titanium minerals mine in Mozambique increased production by 22% to 280,000t in the December quarter of 2009, compared with the previous quarter Full story...Super Pit expansion given environmental nod
Western Australia’s Department of Mines and Petroleum has given the final environmental approval for an expansion of the Super Pit gold mine in Kalgoorlie. Full story...Xstrata tentatively increases Mount Isa activity
Xstrata plc has partially reopened the Handlebar Hill lead-zinc mine – part of its Mount Isa operation in Queensland. Full story...Norton setback
Norton Gold Fields Ltd has downgraded the production forecast for its Homestead underground gold mine in Western Australia Full story...Pamodzi spend
Harmony Gold Mining Co Ltd said it plans to spend R290 million (US$38 million) on assets it bought from liquidators of Pamodzi Gold Ltd over the next two years Full story...Century storm
Minerals & Metals Group (MMG), the Australian-based unit of China Minmetals Corp, suspended loading of zinc concentrate from its Century mine as a storm approached the Karumba port in Queensland this week Full story...Exploration & Development
New ground for IPC
Intercontinental Potash Corp (IPC) plans to become one of the world’s lowest-cost producers of sulphate of potash (SoP). Full story...
Maiden Konkera gold resource
Ampella Mining Ltd has announced a maiden resource for its Konkera deposit in Burkina Faso. Full story...Xstrata raises Frieda River resource confidence
Xstrata plc has updated the resource estimate of the Horse-Ivaal-Trukai copper-gold porphyry deposit, part of the Frieda River joint venture in Papua New Guinea, defining measured resources for the first time. Full story...Ironclad looks to contractors to fund Wilcherry Hill
Ironclad Mining Ltd expects contractors to meet the majority of the forecast A$45 million (US$40.6 million) capital costs for its Wilcherry Hill iron-ore project in South Australia. Full story...Marampa assays
Cape Lambert Resources Ltd’s initial diamond-drilling programme at the Marampa iron-ore project in Sierra Leone has intersected medium to coarse-grained specular haematite iron mineralisation Full story...Windjammer results
Moneta Porcupine Mines Inc has intersected gold mineralisation testing the Windjammer Central prospect within its Windjammer property in Ontario Full story...Mumbwa progress
BHP Billiton, Blackthorn Resources Ltd’s partner in the Mumbwa iron-oxide copper-gold project in Zambia, has elected to fund, and manage, the fourth phase of exploration Full story...Kinsevere update
Following its securing of project financing for the second stage of the company’s 95%-owned Kinsevere copper project in the Democratic Republic of the Congo last year, Anvil Mining Ltd has restarted construction of the project. Full story...Marra Mamba intercepts
The second phase of reverse-circulation drilling at Dynasty Metals Australia Ltd’s Marra Mamba iron-ore property in Western Australia has intersected Marra Mamba-style iron-ore mineralisation Full story...Kalgoorlie North assays
Recent drilling at the Kalgoorlie North gold property in Western Australia has returned positive gold assays for owner Atom Energy Ltd Full story...Initial Arqueros results
The first reverse-circulation drilling results from Laguna Resources NL’s Arqueros gold-silver property in Chile’s Maricunga gold are being reconciled with historical drilling at the property with positive results. Full story...Conroy's Irish exploration progress
Professor Richard Conroy, chairman of Conroy Diamonds and Gold plc, says gold mineralisation at the “very exciting” Clay Lake prospect within its licences in Northern Ireland is also associated with silver Full story...Santa South zone
Integra Mining Ltd has discovered a high-grade zone of gold mineralisation at depth below the Santa deposit at its Randalls gold project in Western Australia Full story...Kilbricken intercepts
Belmore Resources (Holdings) plc has received drilling results from holes completed by Lundin Mining Corp, its partner at the Kilbricken base-metals joint venture in Ireland Full story...Atlas at the double
Atlas Iron Ltd has doubled the resource of direct-shipping ore (DSO) at its iron-ore projects in Western Australia to 186.6Mt at 56.6% Fe. Full story...Yamana eyes growth in Brazil and Argentina
Yamana Gold Inc has decided to go ahead with development of its Ernesto/Pau-a-Pique gold project in Brazil, based on positive feasibility study results and a forecast upgrade in resources as a result of deeper drilling. Full story...Chalice could be new mine for Avoca
Avoca Resources Ltd has delineated an initial underground probable reserve for the Chalice gold deposit at its expanding Higginsville gold operation in Western Australia. Full story...Finance
Simmers resolves shareholder dispute
A boardroom dispute at South African gold producer, Simmer & Jack Mines Ltd, between management and its largest shareholder, has been resolved. Full story...
Talvivaara sells zinc forward to clear debt
Talvivaara Mining Co plc has agreed to deliver 1.25Mt of zinc (2Mt of concentrate) to Nyrstar NV, the Belgian-based smelting and mining company, for an up-front payment of US$335 million. Full story...Scotgold to list on AIM
Scotgold Resources Ltd plans to list its shares on the AIM market. The listing would be secondary to its existing-ASX listing. Full story...IFC signs up for Tanzania gold project
World Bank-affiliated International Finance Corp has shown its support for Tanzania’s mining industry through the injection of funds in the Saza Makongolosi gold project (SMP). Full story...Vale maintains minimum dividend at US$2.5bn
Vale SA, the Brazilian iron-ore producer, said its senior management have approved a minimum dividend of US$2.5 billion for 2010 Full story...Majors dive into potash
Two of the world’s major mining companies have announced key investments into the potash and fertiliser industries. Full story...Rusal completes HK offering, shares begin trading
United Company Rusal Ltd, the world’s largest aluminium producer, raised net proceeds of HK$16.7 billion (US$2.2 billion) in its Hong Kong IPO this week, and started trading on Wednesday, January 27 Full story...Barkerville boost
Barkerville Gold Mines Ltd has raised C$13 million (US$12.2 million) via a private placement Full story...CoAL deal
Coal of Africa Ltd has completed the acquisition of NuCoal Mining Pty Ltd, following the fulfilment of conditions set out in the share-sale agreement signed in October 2009 Full story...Fifth Column
Breaking new ground
Nick Graham is a geologist with more than his fair share of successful exploration behind him Full story...Reports
Investor Seminars: Uranium Day 01/10 - Core Value
As for so many commodities, China is at the centre of the debate on uranium prices Full story...
Who cares about corruption?
Corruption should be one of the top issues on a mining company’s agenda, but a lack-lustre approach indicates some do not view it as important Full story...Destination Canada
As the effects of the recession begin to dwindle, Canada continues to be one of the top destinations for mineral exploration Full story...Minor Metals: Confident start
Minor metals held strong in the first month of 2010, with many experiencing good demand and increasing prices Full story...People and Appointments
Abbott stays at Harmony
Frank Abbott, who was due to relinquish his executive-director responsibilities at Harmony Gold Mining Co Ltd, has agreed to stay on for a further 12 months Full story...Radvak joins Rocky Mountain
Bill Radvak has been appointed president and chief executive officer of Rocky Mountain Resources Corp Full story...CEO appointed at NWIOA
The North West Iron Ore Alliance has appointed former BP plc executive Tony Considine as its chief executive Full story...New VP at Andean American
Andean American Mining Corp has appointed Miguel Huaman as vice president of operations in Peru Full story...Changes at Central Rand Gold
Central Rand Gold Ltd has said Patrick Malaze, the group’s current chief financial officer, and Jerome Brauns will be appointed as finance director and non-executive director, respectively, in February Full story...GMA Resources non-exec
Ken Crichton has been appointed as a non-executive director of GMA Resources plc Full story...Journal Team Diary
China’s HD Mining buys into Yalgoo iron-ore project
Venus Resources Ltd has signed an A$12 million (US$10.7 million) investment and farm-in deal with HD Mining & Investment, which is a subsidiary of Chinese government-backed Shandong Bureau of Geology and Mineral Resources (SDGM). Full story...
Lost in transit
In a recent trading update from Petra Diamonds Ltd, the company reported that 14,931ct from the Williamson mine in Tanzania was stolen at OR Tambo airport in late November while in transit Full story...Site Search
Log inIssue: 29/01/10
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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