June 11
ARMZ takes control of Uranium One
Russian state-owned miner JSC Atomredmetzoloto (ARMZ) is to take a controlling stake of Canada’s Uranium One Inc in exchange for US$610 million and its interests in two mines in Kazakhstan Full story...Goldcorp responds to pollution allegations
Goldcorp Inc has said allegations of pollution from its Marlin gold mine in Guatemala are entirely without merit Full story...China's outgoing funds change focus
Overseas investment by Chinese mining companies continues to increase Full story...Unprecedented poisoning from Nigerian gold mining
More than 160 people, including at least 100 children, have died from lead poisoning resulting from artisanal gold mining in Nigeria’s northwest Zamfara State Full story...Newcrest-Lihir deal moves closer
A A$25 billion (US$20.4 billion) partnership between Newcrest Mining Ltd and Lihir Gold Ltd moved a step closer after the Australian companies entered into an “exclusivity period” in relation to a merger Full story...
Production and Markets
Goldcorp responds to pollution allegations
Goldcorp Inc has said allegations of pollution from its Marlin gold mine in Guatemala are entirely without merit Full story...
Australian production falls in March quarter - ABARE
Weather conditions and equipment issues have contributed to lower Australian mineral and energy production in the March quarter, according to the Australian Bureau of Agricultural and Resource Economics Full story...Gold reaches record high, krugerrand output boosted
Gold rose to a record high in London this week as investors sought an alternative to currencies amid mounting concerns over Europe’s debt Full story...Unprecedented poisoning from Nigerian gold mining
More than 160 people, including at least 100 children, have died from lead poisoning resulting from artisanal gold mining in Nigeria’s northwest Zamfara State Full story...Metorex completes Ruashi shutdown
Metorex Ltd has completed a planned shutdown to carry out maintenance at its Ruashi mine in the Democratic Republic of the Congo Full story...TanzaniteOne to expand cutting and polishing facilities
The Tanzanian government plans to ban export of rough tanzanite, leading TanzaniteOne Ltd to begin planning an expansion of its cutting and polishing facilities Full story...BHP Billiton makes management appointments
BHP Billiton has appointed Tom Schutte as president of its manganese division from the start of August Full story...Exploration & Development
Crystallex turns to Chinese
After failing for two years to get an answer from the Venezuelan Ministry of Environment and Natural Resources about the withholding of a development authorisation for the major Las Cristinas gold project, Crystallex International Corp has turned to China Railway Resources Group Company Ltd for help. Full story...
Barrick lines up next project
Barrick Gold Corp’s chief financial officer Jamie Sokalsky said the Pueblo Viejo project in the Dominican Republic would be next to achieve production, after the Cortez Hills project in Nevada passed the milestone earlier this year. Full story...More from Midas
Further results from the initial reverse-circulation drilling programme at Midas Resources Ltd’s West Pilbara iron-ore property in Western Australia have confirmed continuous zones of channel-iron mineralisation, according to the company Full story...Amisk intercepts
St Eugene Mining Corporation Ltd has received assay results from a drilling programme being conducted by Claude Resources Inc at the joint-venture Amisk gold property in Saskatchewan Full story...Sandspring updates Toroparu resource
The resource estimate for Sandspring Resources Ltd's Toroparu gold-copper deposit in Guyana has been independently updated to contain a total 3.8Moz of gold in all categories. Full story...Cape Alumina suspends project on govt decision
Cape Alumina Ltd is to suspend work on an environmental impact statement and feasibility study for its Pisolite Hills bauxite project in the northern Queensland Full story...Viscaria results
Avalon Minerals Ltd’s recently-completed drilling at the D zone of its Viscaria copper-iron-ore property in Sweden has intersected further magnetite-copper mineralisation Full story...Griffins assays
Magma Metals Ltd reports the discovery of two gold-mineralised zones at its Griffins Find property in Western Australia Full story...Cluff raises Baomahun resource
Additional diamond-drilling at Cluff Gold plc’s Baomahun gold deposit in Sierra Leone has generated data for an updated resource estimate, raising overall contained gold to 2.4Moz Full story...Perseus given Central Ashanti go-ahead
Perseus Mining Ltd will begin building its Central Ashanti Gold (formerly Ayanfuri) project in Ghana, having received a permit from the Environmental Protection Agency that allows construction and mining to proceed Full story...More from Llama
Additional drilling at the Llama Lake discovery, part of Sabina Gold & Silver Corp's Back River project in Canada's Nunavut Territory, has returned more intersections of gold mineralisation at the new discovery. Full story...Roughrider assays
Hathor Exploration Ltd has intersected what it described as the best results to date from drilling at the 90%-owned Roughrider uranium property in Saskatchewan’s Athabasca Basin Full story...Boseto green light
The environmental and social impact assessment for Discovery Metals Ltd’s Boseto copper project in Botswana has been approved, paving the way for the granting of a mining licence, according to the company Full story...Centamin raises Sukari
Centamin Egypt Ltd has once more increased the resource estimate for its Sukari gold project in Egypt, raising gold contained in measured and indicated resources to about 11Moz Full story...Wilco intercepts
Rye Patch Gold Corp's ongoing reverse-circulation drilling programme at the Wilco gold-silver property in Nevada has demonstrated an expansion of a high-grade zone, according to the company Full story...TanzaniteOne to expand cutting and polishing facilities
The Tanzania government plans to ban export of rough tanzanite, leading TanzaniteOne Ltd to begin planning an expansion of its cutting and polishing facilities. Full story...Finance
ARMZ takes control of Uranium One
Russian state-owned miner JSC Atomredmetzoloto (ARMZ) is to take a controlling stake of Canada’s Uranium One Inc in exchange for US$610 million and its interests in two mines in Kazakhstan Full story...
China's outgoing funds change focus
Overseas investment by Chinese mining companies continues to increase Full story...Randgold & Exploration back on JSE
Randgold & Exploration Ltd (R&E) has resumed trading on the JSE following almost five years of suspension Full story...Wesco to buy Agnes Gold
South African company Wesco Investments Ltd said it will buy Agnes Gold Mining Ltd for R300 million (US$38.5 million) Full story...Western Coal takes full control of Energybuild
Vancouver-based Western Coal Corp has agreed to buy the remaining 45% it does not own of Energybuild Group plc in a deal worth £54.4 million (US$79.1 million) Full story...Conquest bids for North Queensland
West Australian-based Conquest Mining Ltd has made a A$58 million (US$47.5 million) off-market takeover bid for explorer North Queensland Metals Ltd in a move to create a larger, more diverse gold-mining company Full story...Protesters hit out at tax
Australian Prime Minister Kevin Rudd met strong opposition to the proposed Resources Super Profits Tax (RSPT) in Perth this week as talks between the government and mining industry showed few signs of progress Full story...Canadian gold companies strike a deal
Canada’s Premier Gold Mines Ltd will buy Saddle Gold Inc in a deal worth US$36 million Full story...New Millennium completes placement
TSX-listed New Millennium Capital Corp has completed a private placement in which Tata Steel purchased more than 14 million shares of the company for US$1.40/share to provide proceeds of US$20 million Full story...Oxus project back in profit
London-based Oxus Gold plc said its 50%-owned Amantaytau Goldfields (AGF) project in Uzbekistan returned to profit last year Full story...Perseus completes placement
Perth-based Perseus Mining Ltd has completed a private placement offering of 15 million shares at A$1.94/share for proceeds of A$29.1 million (US$23.8 million) Full story...Central Rand Gold plans raising
Dual-listed Central Rand Gold Ltd (CRG) said it intends to raise US$35 million through share placement to start production at its CMR West gold project in South Africa Full story...Newcrest-Lihir deal moves closer
A A$25 billion (US$20.4 billion) partnership between Newcrest Mining Ltd and Lihir Gold Ltd moved a step closer after the Australian companies entered into an “exclusivity period” in relation to a merger Full story...Vale wants final piece of Belvedere
Brazilian mining giant Vale SA has moved to take full control of the Belvedere coal project in Queensland by showing its interest for Aquila Resources Ltd’s 24.5% stake Full story...Fifth Column
Target man
Joe Conway, who surprised – even shocked – many analysts and shareholders when in January he suddenly gave up his role as chief executive of IAMGOLD Corp, is back in the mining business Full story...Reports
Pulling together
Government and industry are working together to tackle growing power and water concerns Full story...
Mining freeze begins to thaw
Ecuador’s dramatic freeze on mining is slowly easing with the go-ahead for three major projects in the Latin American country Full story...Weathering the storm
The mineral sands industry is navigating the global economic storm despite demand for some of its products falling by as much as 20% Full story...Mining mirror: Speculating about the speculators
High metal prices in the early months of this year unleashed once more a vigorous debate over the effects of speculation, including here in the pages of Mining Journal Full story...People and Appointments
Henry moves to Gabriel
Gabriel Resources Ltd has welcomed Jonathan Henry as president and chief executive officer Full story...Stellar executive resigns
Christopher Anderson has resigned from Australian-based Stella Resources Ltd as executive director Full story...Q Resources hires key staff
Q Resources plc has appointed Bernard Pryor as chief executive officer and Allan Price as senior independent non-executive director Full story...New chairman at Wolf
Australian specialist minerals exploration and development company Wolf Minerals Ltd will be joined by John Hopkins as its new non-executive chairman Full story...Banlow hires Turner
Banlaw Africa Ltd has appointed Dr Peter Turner to its board Full story...Shanta Gold announces board appointment
The board of Shanta Gold Ltd has appointed Gareth Taylor as an executive director Full story...Metorex appoints Hickey
Hester Hickey has been hired by Metorex Ltd as an independent non-executive director and as chair of the company’s audit committee Full story...Silver Standard appoints Smith
John Smith has joined Silver Standard Resources Inc as chief executive officer of the company, effective August 6 Full story...Pyle joins Syndicated
Syndicated Metals Ltd has appointed experienced mining industry consultant Martin Pyle as chairman Full story...Journal Team Diary
Petropavlovsk secures funds for iron ore expansion
Russian gold miner Petropavlovsk plc said it has agreed a US$60 million investment into its non-precious metals division with a Hong Kong-based company Full story...Issue: June 11
PROFESSIONAL PLACEMENTS
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
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