30/04/2010
Mining permits suspended in Mongolia
Mongolia has suspended the issuance and transfer of mining permits as the government plans to introduce new laws to protect the industry from corruption and bribery Full story...CISA buckles, allows mills to negotiate
The China Iron & Steel Association (CISA) is to allow individual steel makers to negotiate supply contracts with iron producers, but said it would look to boost local supply and promote the purchase of foreign assets Full story...Increase in time lost through injuries
Research into mine safety has shown that days missed because of serious injuries in US mines have risen sharply this decade Full story...Chavez targets illegal gold miners
Recent comments by Venezuelan President Hugo Chavez, regarding nationalisation of gold assets, were aimed at illegal-mining operations and not permitted projects, according to analysts at Ambrian Full story...Fortescue forced to make US$78 million payment after court ruling
Fortescue Metals Group said this week it will pay ship-management company Zodiac Maritime Agencies Ltd US$78 million after losing a court battle in the UK Full story...New Tanzanian Mining Act
The government of Tanzania has passed a new mining Act Full story...
Production and Markets
Mining permits suspended in Mongolia
Mongolia has suspended the issuance and transfer of mining permits as the government plans to introduce new laws to protect the industry from corruption and bribery Full story...
CISA buckles, allows mills to negotiate
The China Iron & Steel Association (CISA) is to allow individual steel makers to negotiate supply contracts with iron producers, but said it would look to boost local supply and promote the purchase of foreign assets Full story...Increase in time lost through injuries
Research into mine safety has shown that days missed because of serious injuries in US mines have risen sharply this decade Full story...Chavez targets illegal gold miners
Recent comments by Venezuelan President Hugo Chavez, regarding nationalisation of gold assets, were aimed at illegal-mining operations and not permitted projects, according to analysts at Ambrian Full story...Gold investors buy big amid recession
Investors continued to buy large volumes of gold in 2009, stimulated by the combination of financial market turbulence and severe recessionary economic conditions in most parts of the world, according to the CPM Group’s Gold Yearbook 2010, released this week Full story...Resources: South Africa comes top
South Africa has been confirmed as being the world's richest country in terms of the value of its in-ground mineral resources (excluding energy). This is largely due to its deposits of platinum group metals (PGMs). Full story...New Tanzanian Mining Act
The government of Tanzania has passed a new mining Act Full story...Exploration & Development
Greystar's Angostura falls foul of Páramo legislation
Greystar Resources Ltd has been asked to resubmit the environmental impact assessment (EIA) for its US$1 billion Angostura gold-silver project in Colombia to comply with newly-passed legislation that seeks to protect a high-altitude ecosystem Full story...
Jabiru approves Bentley development
The board of directors of Jabiru Metals Ltd has approved development of an underground polymetallic project near to its operating Jaguar mine, 300km north of Kalgoorlie in Western Australia Full story...Hardrock intercepts
Goldstone Resources Inc, 30%-owner of the Hardrock gold property in northwestern Ontario, has received assay results from 70%-owner and operator Premier Gold Ltd Full story...Omahola resource for Deep Yellow
Deep Yellow Ltd has received an independent initial resource estimate for its Omahola uranium property in Namibia, encompassing the Inca and Tubas Red Sand (TRS) deposits Full story...Eyre Peninsula deal cleared for Centrex, Wisco
Exploration of Centrex Metals Ltd’s iron-ore tenements in South Australia’s Eyre Peninsula is scheduled to go ahead later this year, following completion of conditions precedent for the closure of a joint-venture deal between the company and Wuhan Iron & Steel (Group) Co (Wisco), including all Chinese government approvals Full story...Catalpa pours gold at Edna May
Catalpa Resources Ltd has poured the first gold-silver doré bar at the open-pit Edna May gold mine in Western Australia ahead of schedule and within the A$92 million (US$85 million) budget Full story...Goro spill
One of the primary extraction columns at Vale SA’s Goro lateritic nickel project in New Caledonia has failed, releasing 690m3 of acid-containing solution Full story...Chesapeake plans prefeasibility for Metates
Results from a preliminary economic assessment for its Metates gold-silver-zinc project in Mexico have provided sufficient encouragement to Chesapeake Gold Corp for it to plan a US$3 million prefeasibility study Full story...Paymaster results
VG Gold Corp’s drilling programme at its Paymaster West gold property in Timmins, Ontario, has returned wide intersections of mineralisation Full story...Stonepark intercepts
Connemara Mining Company plc has received drilling results for the Stonepark base-metals joint venture in Ireland from 75%-owner and operator Teck Ltd Full story...Northern Star assays
Northern Star Mining Corp has received assay results from drilling programmes at its Malartic-Midway and McKenzie Break projects in Quebec Full story...Fortuna begins San Jose build
Fortuna Silver Mines Inc has awarded the engineering, procurement and construction management contract for the plant and other facilities at its San Jose epithermal silver-gold silver project in Mexico, following a positive independent prefeasibility study Full story...Rönnbäcken resource rises
IGE Resources AB’s Scandinavian arm, IGE Nordic AB, has received a new, larger, resource estimate for its Rönnbäcken nickel project in Sweden Full story...Haile step-out
Step-out drilling at Romarco Minerals Inc’s Haile gold mine in South Carolina has intersected further mineralisation north and west of the South pit, and at the newly-discovered Horseshoe zone Full story...Spargoville results
Initial drilling by Carrick Gold Ltd at the Lady Allison prospect, part of its Spargoville property south of Kalgoorlie in Western Australia, has intersected “encouraging results” Full story...Plumridge assays
Corvette Resources Ltd’s reverse-circulation drilling programme at its Plumridge gold property in the Albany-Fraser terrane in Western Australia has intersected primary gold mineralisation Full story...More from Kapok
Additional infill drilling at Meridian Minerals Ltd’s Kapok West base-metals deposit, part of its Lennard Shelf property in Western Australia, has intersected multiple stacked lenses of zinc-lead mineralisation Full story...More from Roughrider
Hathor Exploration Ltd has intersected more high-grade uranium mineralisation at the 90%-owned Roughrider East zone of the Midwest Northeast property in Saskatchewan’s Athabasca basin Full story...Finance
DMC sees Cape Lambert offer as opportunistic
DMC Mining Ltd has warned its shareholders to “take no action” with regard to the unsolicited takeover offer from Cape Lambert Resources Full story...
Zincox special meeting: Board stays put
The directors of ZincOx Resources plc have survived a special meeting called to oust them. This followed indications that investors were against a change at the top Full story...Rothschild mining company being created
An element of mystery still surrounds the exact details of the mining company, known simply as Vallar, reportedly being touted by Nat Rothschild to take advantage of asset offloads by the major mining companies Full story...Patriot raising US$250m
Patriot Coal Corp said it will offer US$250 million in senior notes (due 2018), and that it has received US$350 million in commitments to amend and extend its revolving credit facility by about two years Full story...Polo may buy Caledon in £130m deal
Polo Resources Ltd, the coal and uranium investment company, may make a formal offer for all the shares in Caledon Resources Ltd, after reaching an agreement with management Full story...Titanium Resources gets final payout on capsized dredge
Titanium Resources Group Ltd, the Sierra Leone rutile miner, has received a final US$7.5 million from insurers, ending a near two-year legal dispute over a capsized dredge Full story...Mungana to raise A$76 million
Kagara Ltd spin-out Mungana Goldmines Ltd plans to raise A$76 million (US$70.2 million) in an initial public offering (IPO) for development of gold deposits in Queensland Full story...Fortescue forced to make US$78 million payment after court ruling
Fortescue Metals Group said this week it will pay ship-management company Zodiac Maritime Agencies Ltd US$78 million after losing a court battle in the UK Full story...ENRC buys Northam stake
Kazakh metal producer Eurasian Natural Resources Corp said it has purchased a 12.2% stake in Northam Platinum Ltd from Mvela Resources for R2.2 billion (US$300 million) Full story...Hargreaves puts skids on UK Coal merger
Talks of a merger between Hargreaves Services plc and UK Coal plc have been put on hold following the latter’s preliminary results for the financial year to end-December Full story...China’s Jinchuan buys into large Kazakh copper project
Kazakhmys plc, Kazakhstan’s largest copper producer, is selling a 49% interest in its Aktogay copper deposit to China’s Jinchuan Group plc for US$120 million Full story...London Mining sells Delta stake
London Mining plc is to receive US$24.8 million from Sable Mining Africa Ltd for its 27.5% interest in South African-based Delta Mining Consolidated Ltd (DMC) Full story...Fifth Column
Executive under fire
This week's Fifth Column looks at Don Blankenship,the chairman and CEO of Massey Energy Co, who is under fire from the US media following the death of 29 miners at the company's Upper Big Branch mine in West Virginia. Full story...Reports
Politics alter investment environment
Madagascar’s mining industry was surging until a military coup in 2009 brought at least a temporary halt to project development Full story...
Minor Metals: Cleaning Up
In his Minor Metals column, Howard Masters notes that China’s major programme to clean up its act could affect supplies of many of the minor metals.In the meantime, the minor metals continued to experience high price levels in April even though the volumes being traded are lower than usual. Full story...People and Appointments
Myckatyn joins OceanaGold
OceanaGold Corp has appointed Bill Myckatyn to its board of directors. Mr Myckatyn is a professional mining engineer based in British Columbia, Canada Full story...Barker joins mining team
Cailey Barker has joined the mining team at Numis Research Full story...Silver Quest appoints McLeod
Robert McLeod has joined the board of directors at Silver Quest Resources Ltd Full story...Davey added as director
EMED Mining Ltd has welcomed Roger Davey to its board of directors Full story...Itochu assigns director
AIM-listed company Kalahari Minerals plc has appointed Takashi Yasuda as a non-executive director Full story...Liberty welcomes chief geologist
Liberty Silver Corp has appointed Richard Klatt as its chief geologist Full story...Journal Team Diary
Museum revisits coal queen competitions
A special exhibition at the National Coal Mining Museum for England will be based on Coal Queen competitions of the past Full story...Site Search
Log inIssue: 30/04/2010
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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