30/07/2010
Vale bids US$1.1bn for Brazilian copper refiner
Brazil’s Vale SA has made a US$1.14 billion offer for all of the shares in Paranapanema SA, a smelter and refiner of copper in its home country Full story...Rio Tinto-Chinalco make Simandou JV official
The relationship between Rio Tinto and its largest shareholder, Aluminium Corp of China (Chinalco), has been taken “to a new level” Full story...Zijin vice-president held by police
The vice-president of Zijin Mining Group Co, Chen Jiahong, has been detained by police following China’s worst waste spill in two years earlier this month. Full story...Long-term settlement may shorten Arcelor-Kumba dispute
Management of ArcelorMittal South Africa Ltd (AMSA) said a long-term settlement with Kumba Iron Ore Ltd over pricing and metals supply could fast-track a two-year arbitration process Full story...Kebble murder trial begins
The trial for the murder of mining magnate Brett Kebble has finally begun, five years after he was shot near his Johannesburg home Full story...
Production and Markets
African Barrick’s Buzwagi mine disappoints
African Barrick Gold plc has cut its full-year production guidance to 750,000-800,000oz after delays in accessing higher-grade ore at one of its four Tanzanian gold mines Full story...
Gold maintains historic role
Market volatility rose during the three months to end-June, and in some sectors surpassed levels seen during the first quarter of last year. However, as an asset class, gold remains relatively stable. These were some of the conclusions from the latest Gold Investment Digest, published this week by the World Gold Council. Full story...Zijin vice-president held by police
The vice-president of Zijin Mining Group Co, Chen Jiahong, has been detained by police following China’s worst waste spill in two years earlier this month. Full story...Xstrata coal, copper output lower
Swiss miner Xstrata plc has reported a fall in copper and coal production for the six months to end-June, the latter due to a mine shut down in South Africa Full story...Mine accidents
Two miners have died after an explosion at a refinery owned by US zinc producer Horsehead Holding Corp in western Pennsylvania Full story...Record LME trading
The London Metal Exchange (LME) experienced record trading volumes in the first six months of the year, with 59.3 million lots traded, an increase of 7.5% compared with a year earlier Full story...Blue Ridge may close for redevelopment
Aquarius Platinum Ltd may halt production at its Blue Ridge operation for seven months as it plans to initiate a redevelopment programme at the mine, which it purchased just over a year ago Full story...Long-term settlement may shorten Arcelor-Kumba dispute
Management of ArcelorMittal South Africa Ltd (AMSA) said a long-term settlement with Kumba Iron Ore Ltd over pricing and metals supply could fast-track a two-year arbitration process Full story...Exploration & Development
Kangaroo posts Tanur Jaya resource
estimate for the Tanur Jaya thermal coal deposit in East Kalimantan, Indonesia, has outlined at total 297Mt, according to 45%-owner Kangaroo Resources Ltd Full story...
Four Mile scoping suggests alternative plan for Alliance
Alliance Resources Ltd has received the results from the independent scoping study it commissioned concerning development of the joint-venture Four Mile uranium project in South Australia Full story...RDM resource rises for Carpathian
An independent estimate at Carpathian Gold Inc’s Riacho dos Machados gold project in Brazil has increased contained gold within in-pit measured and indicated resources by 200%, according to the company Full story...Haquira plan forecasts major mine
The independent scoping study for development of Antares Minerals Inc’s Haquira copper-molybdenum-gold project in southern Peru has designed a combined open-pit and underground operation forecast to produce a total 8,300Mlb (3.8Mt) of copper over a 20-year life Full story...Eldorado updates Tocantinzinho
Eldorado Gold Corp liked the Tocantinzinho gold project in Brazil so much it bought the company, Brazauro, and has prepared an updated resource estimate outlining more than 2Moz of gold in measured and indicated resources Full story...RDM resource rises for Carpathian
An independent estimate at Carpathian Gold Inc’s Riacho dos Machados gold project in Brazil has increased contained gold within in-pit measured and indicated resources by 200%, according to the company Full story...Sunridge selects Asmara deposits for further study
Sunridge Gold Corp has decided to begin prefeasibility studies for development of three out of the four deposits at its Asmara polymetallic project in Eritrea Full story...Yellowknife reduction for Tyhee
An independent prefeasibility study for Tyhee Development Corp has reduced the gold-production forecast for a 3,000t/d open-pit and underground operation at the Yellowknife project in Canada’s Northwest Territories Full story...McPhee upgrade for Giralia
Giralia Resources NL has tripled the mineral resources at its wholly-owned McPhee Creek iron-ore deposit in Western Australia’s Pilbara region Full story...Karelian data deal
Rio Tinto has agreed to allow Karelian Diamond Resources plc to examine confidential information and physical samples related to its Finnish exploration Full story...Kintore discovery
Reverse-circulation drilling at La Mancha Resources Inc’s Kintore gold property in Western Australia’s Kalgoorlie region has discovered a gold zone at shallow depth, over a strike length of 500m Full story...New Antler find
North Country Gold Corp has discovered a zone of gold mineralisation at the Antler prospect, part of its Three Bluffs property in Canada’s Nunavut territory Full story...Viscaria grows on results
Results from a recent drilling programme and metallurgical testing at Avalon Minerals Ltd’s Viscaria copper-iron project in Sweden have convinced the company to increase the size of the operation being considered in the current prefeasibility study Full story...Bloom Lake shipment
Consolidated Thompson Iron Mines Ltd has shipped the first iron-ore concentrate from its Bloom Lake operation in northeastern Quebec Full story...Maoling standoff
Mundoro Capital Inc has received a second letter from its Chinese partner in the Maoling gold project in Liaoning suggesting their joint venture at the project be terminated immediately Full story...Boabedroo intercepts
Signature Metals Ltd has completed initial drilling at the Boabedroo South zone of its Konongo gold deposit in Ghana, testing an 800m strike length of mineralisation to the south of an historical open-pit Full story...Low-grade Storsjon resource
Aura Energy Ltd has received an independent initial inferred resource estimate for its Storsjön uranium deposit in Sweden, defining as much as 291Mlb of uranium Full story...Initial Hillside estimate for Rex
An internal, audited resource estimate for Rex Minerals Ltd’s Hillside copper deposit in South Australia has outlined 100Mt in the inferred category Full story...Oksüt assays
Stratex International plc has received assay results from a drilling programme in progress at the joint-venture Oksüt gold property in Turkey funded by its partner, Centerra Gold Inc Full story...Tucano assays
Results from the first six holes of Beadell Resources Ltd’s diamond-drilling programme at the Tucano gold property in Brazil were more than expected, according to the company Full story...Oakover intercepts
Jupiter Mines Ltd has intersected manganese mineralisation with reverse-circulation drilling that tested geophysical anomalies at the Oakover property in Western Australia’s Pilbara region Full story...Daltiin Ovor assays
Voyager Resources Ltd has completed an initial drilling programme to investigate thegeometry and nature of gold mineralisation below trenching results at its Daltiin Ovor property in Mongolia Full story...Spanish Mtn results
Spanish Mountain Gold Ltd has confirmed a near-surface higher-grade gold zone at its eponymous project in British Columbia Full story...Wafi-Golpu resource rises for Harmony, Newcrest
Harmony Gold Mining Co has released an updated resource estimate for the Wafi-Golpu porphyry copper-gold joint venture with Newcrest Mining Ltd in Papua New Guinea’s Morobe region Full story...Finance
Vale bids US$1.1bn for Brazilian copper refiner
Brazil’s Vale SA has made a US$1.14 billion offer for all of the shares in Paranapanema SA, a smelter and refiner of copper in its home country Full story...
Avocet puts year-end deadline on southeast Asia review
Avocet Mining plc, the increasingly West Africa focused miner, continues to show good progress at its Inata mine in Burkina Faso, while a decision on how best to realise value at its southeast Asia mines is expected by year end Full story...Rio Tinto-Chinalco make Simandou JV official
The relationship between Rio Tinto and its largest shareholder, Aluminium Corp of China (Chinalco), has been taken “to a new level” Full story...Anti Australian mining tax campaign re-launched
The Association of Mining and Exploration Companies Inc (AMEC) is leading a drive to re-launch a media campaign against the Australian government’s new resources tax Full story...Letter to the Editor
In a letter to the editor, Didier Rault, the chairman of Hong Kong-based World Mining Investment, argues that it is time to invest in Africa. Full story...Penny bows out
The chief executive officer of De Beers, Gareth Penny, is stepping down in the next few months. The announcement coincided with publication of the diamond company’s financial results for the six months to end-June Full story...LS-Nikko takes 12.5% stake in Sandfire
ASX-listed Sandfire Resources NL has signed an agreement with LS-Nikko Copper Inc that will provide the Korean company with a 12.5% stake in the company, and rights to 45% of any copper or other base metals it produces Full story...Kazakhgold shareholders back reverse takeover
Shareholders of Kazakhgold Group Ltd have unanimously approved the reverse takeover of parent company OJSC Polyus Gold Full story...Alcoa plans offering, Rusal reopens refinery
US aluminium giant Alcoa Inc has announced plans to raise almost US$1 billion from a public offering of notes Full story...Horizonte buys Teck project
AIM-listed Horizonte Minerals plc has agreed to pay Canadian company Teck Resources Ltd more than £5.1 million (US$7.9 million) for the Araguaia nickel project in the Carajas district in Brazil Full story...Newcrest invests in Sumatra
Australian gold miner Newcrest Mining Ltd has signed a heads of agreement with British company Sumatra Copper & Gold plc to take an initial 7.1% share of the company Full story...Macarthur scraps deal
Macarthur Coal Ltd has terminated a A$110 million (US$99.3 million) deal with Citic Group that would have seen it acquire a larger interest in the Coppabella and Moorvale joint venture in Queensland Full story...China Nonferrous buys into Tajikistan gold play
China Nonferrous Metals International Mining Co Ltd has agreed to purchase a 29.9% stake in Tajikistan gold explorer, Kryso Resources plc. Full story...Anglo Asian generates return from first gold mine
An imminent resource update for Anglo Asian Mining plc’s Gedabek operation in Azerbaijan is expected to show an increase in contained gold and copper of more than 50% Full story...Galaxy applies new method to Barberton’s greenstones
Galaxy Gold Ltd, Peter Skeat’s latest mining venture, is hoping to raise up to US$53 million by September to roll out its massive-mining method on the Barberton gold fields in South Africa Full story...Kinross exits diamonds, Harry Winston back to 40% in Diavik
Less than 18 months after injecting US$150 million in capital into Harry Winston Diamond Corp, and its part-owned Diavik mine, Kinross Gold Corp has sold its interest for approximately US$410 million Full story...Kebble murder trial begins
The trial for the murder of mining magnate Brett Kebble has finally begun, five years after he was shot near his Johannesburg home Full story...Fifth Column
Carbon trading places
In his 5th Column, Ken Gooding comments on what a torrid time Barry Carbon has had since he took over as non executive chairman of Bauxite Resources Ltd eight months ago. Full story...Reports
MEG Monitor: Golden buoyancy
Increased activity across the gold sector lifts the MEG Index Full story...
Policy versus growth in Bulgaria
Bulgaria faces the task of reconciling policy development with a growing mining industry Full story...Striking a balance
Is the mining-legislation pendulum swinging back towards resource nationalism? Full story...Minor Metals: Slowing down
With the notable exceptions of antimony, gallium and mercury, the minor metals finally succumbed to the summer slowdown Full story...From specialist to major player
Austria's mines may not be the largest in the world but the country does hold a strong position in European and world markets for some minerals Full story...Potential to grow
Albania is a country with undpubted raw materials potential Full story...Golden hope
Romania has thepotential to become the largest gold producer in Europe if the deposits in Transylvania get approval for exploitation Full story...People and Appointments
Structural changes at Rusal
UC Rusal, the world’s largest aluminium producer, has made a start in staffing its revamped corporate structure Full story...Levy joins Great Quest
Ehud Levy, a phosphates manufacturing consultant, has been appointed by Great Quest Metals Ltd as a director Full story...Swan Gold appoints Adams
Marty Adams has joined Western Australia’s Swan Gold Mining Ltd as a non-executive director Full story...RockBridge hires Davis
RockBridge Resources Inc has appointed Greg Davis to its board of directors Full story...Journal Team Diary
Scientists seek dark matter
An underground mine in Minnesota is expected to be the new location for a scientific experiment into ‘dark matter’, the BBC has reported Full story...Site Search
Log inIssue: 30/07/2010
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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