Publication Navigation

Site Navigation

MJ 05/08/11

Indian consortium confirms bid for Afghan iron ore

An Indian consortium comprising three private companies and three public organisations led by the Steel Authority of India Ltd (SAIL) is to submit a formal bid for the Hajigak iron-ore mine in central Afghanistan

Vale struggles to spend US$24 billion

Vale SA has pushed back completion of this year’s US$24 billion capital spend to the first quarter of 2012

MRRT an 'undetected cancer': Forrest

The founder and chairman of Fortescue Metals Group Ltd (FMG), Andrew Forrest (pictured), has hit out angrily at the federal Australian government over the Minerals Resource Rent Tax (MRRT), reports Kristie Batten

Essar to investigate US$3.5bn Zimbabwe iron project

Essar Group, the Indian conglomerate, will spend US$100 million over the next 18 months investigating the feasibility of a US$3.5 billion beneficiation project on the Mwanesi iron-ore deposit in Zimbabwe

Gladstone sues Palmer over Yabulu buy

Former Gladstone Pacific Nickel Ltd chairman Robert Pearce is seeking damages of A$500 million (US$530 million) after suing Australian mining magnate and company director Clive Palmer over his acquisition of the Yabulu nickel refinery in Queensland

Deadly accidents in Ukraine

Ukraine has suffered its deadliest mine accidents since 2007 after 37 workers died at two coal mines

Newcrest workers die in helicopter crash

Ten people have died after a helicopter carrying employees and contractors of gold producer Newcrest Mining Ltd crashed in Indonesia

Opinion

Moody markets

In this week's Comment, Chris Hinde admits that he "hasn't a clue what is going on" in the equity and commodity markets.
Browse the entire database for articles from this section

Production and Markets

US re-rating imminent: Buchholz

Former White House advisor Todd Buchholz has said he believed the slowdown in China will put a temporary brake on commodity prices

Letter: Mining strikes

Andrew Williams, a solicitor with Holman Fenwick Willan, writes that whilst the threat, or the actual occurrence, of strikes are an everyday issue that mining companies have to contend with, they do have a wider effect.

Centamin lowers guidance on blasting issues

Centamin Egypt Ltd has cut its production guidance for 2011 owing to a reduction in blasting activities at its Sukari gold mine during the second quarter

Deadly accidents in Ukraine

Ukraine has suffered its deadliest mine accidents since 2007 after 37 workers died at two coal mines

Newcrest workers die in helicopter crash

Ten people have died after a helicopter carrying employees and contractors of gold producer Newcrest Mining Ltd crashed in Indonesia

SA strikes settled, copper action continues

Several days of strike action on South Africa’s coal and gold mines ended this week after agreements were reached with labour unions
Browse the entire database for articles from this section

Exploration & Development

Revised Kemess PEA for Northgate

Northgate Minerals Corp has received an independent preliminary economic assessment for a revised mine plan to develop resources near its recently-closed Kemess South mine in British Columbia

Galore Creek prefeasibility raises scope

NovaGold Resources Inc has released details of a prefeasibility study completed by the 50:50 Galore Creek copper-gold joint venture in British Columbia with Teck Resources Ltd

Essar to investigate US$3.5bn Zimbabwe iron project

Essar Group, the Indian conglomerate, will spend US$100 million over the next 18 months investigating the feasibility of a US$3.5 billion beneficiation project on the Mwanesi iron-ore deposit in Zimbabwe

Amulsar scoping finds open-pit potential

Lydian International Ltd’s Amulsar gold project in Armenia could support an open-pit operation of up to 10Mt/y, according to an independent preliminary economic assessment

Trairão rises to 1Gt

Inferred resources within Talon Metals Corp’s Trairão iron-ore deposit in Parà State, Brazil, have been estimated at 1,102Mt at 36% Fe, using a 25% Fe cut-off grade, or 520Mt at 42% Fe, using 35% Fe cut-off

Iron Valley potential

Iron Ore Holdings Ltd has confirmed the technical viability of mining its Iron Valley iron-ore project in the Pilbara region of Western Australia

2.7Gt Udokan estimate confirms major status

Baikal Mining Company LLC, a subsidiary of OAO Metalloinvest, has released a JORC-compliant resource estimate for the large-scale Udokan copper deposit (pictured) in Russia’s Transbaikal Territory

Treasure Island discovery

Initial drilling at Focus Minerals Ltd’s Treasure Island gold property in Western Australia has intersected multiple gold-mineralised vein systems over a strike length of more than 1km beneath Lake Cowan

Updated estimate drives Tulu Kapi revision

Nyota Minerals Ltd has asked consultant Wardell Armstrong to review the development plan for the company’s Tulu Kapi gold project in Ethiopia following an updated resource estimate

Woulfe halves Sangdong scope and cost

Woulfe Mining Corp has estimated US$135 million in capital costs to build a 1.2Mt/y tungsten mine at the Sangdong historical mine in South Korea, compared with a previously-envisaged 2.4Mt/y operation

Vele water appeal

A coalition of non-governmental organisations has appealed the granting of an integrated water use licence for Coal of Africa Ltd’s Vele coal project (pictured) in South Africa

Newstrike continues at Ana Paula

Newstrike Capital Inc’s infill drilling programme at the Ana Paula gold-silver discovery in Guerrero, Mexico, has confirmed the extent of mineralisation within a high-grade breccia

Karara transport deal

The Karara iron-ore joint venture in Western Australia has secured a rail-access agreement for transport of up to 16Mt/y from the first and second stages of planned operations, according to partner Gindalbie Metals Ltd

Justinian confirmation

Gold Road Resources Ltd has confirmed the Justinian prospect, part of its Yamarna gold project in Western Australia, as a parallel gold-mineralised trend to the Central Bore trend, 800m away

Sierra Blanca results

Mariana Resources Ltd has intersected wide zones of gold-silver mineralisation within multiple epithermal vein breccias at its 70%-owned Sierra Blanca property in Santa Cruz, Argentina
Browse the entire database for articles from this section

Finance

Indian consortium confirms bid for Afghan iron ore

An Indian consortium comprising three private companies and three public organisations led by the Steel Authority of India Ltd (SAIL) is to submit a formal bid for the Hajigak iron-ore mine in central Afghanistan

Vale struggles to spend US$24 billion

Vale SA has pushed back completion of this year’s US$24 billion capital spend to the first quarter of 2012

MRRT an 'undetected cancer': Forrest

The founder and chairman of Fortescue Metals Group Ltd (FMG), Andrew Forrest (pictured), has hit out angrily at the federal Australian government over the Minerals Resource Rent Tax (MRRT), reports Kristie Batten

China Africa lists

China Africa Resources plc (CAR), owner of a project formerly held by Weatherly International plc, has listed on London’s AIM market

African Minerals closes deal

African Minerals Ltd has closed a deal with Shandong Iron & Steel Group Co (SISG) for a US$1.5 billion investment in the Tonkolili iron-ore project in Guinea

Mundoro sells

China National Gold Group Corp, the country’s largest producer, has signed an agreement to purchase 95% of Mundoro Mining Inc from Mundoro Capital Inc for C$13.8 million (US$14.4 million)

PTM mandates lenders for SA platinum project

Platinum Group Metals Ltd (PTM) has mandated four lenders for a US$260 million senior loan to finance the company’s flagship platinum group metals (PGM) project in South Africa

Kingsgate to buy silver property

Kingsgate Consolidated Ltd has agreed to pay A$75 million (US$80.6 million) to a subsidiary of Silver Standard Resources Inc for the Bowdens silver project in New South Wales, Australia

Latest takeover offer does not convince Macarthur

Macarthur Coal Ltd has rejected a A$4.7 billion (US$5.3 billion) takeover offer made for the company by Peabody Energy Corp and Arcelor Mittal SA

Miners approve GEMCO expansion

Samancor Manganese partners BHP Billiton and Anglo American plc have approved a US$279 million expansion of the GEMCO manganese operation in Australia’s Northern Territory

Gladstone sues Palmer over Yabulu buy

Former Gladstone Pacific Nickel Ltd chairman Robert Pearce is seeking damages of A$500 million (US$530 million) after suing Australian mining magnate and company director Clive Palmer over his acquisition of the Yabulu nickel refinery in Queensland

Letter: Russian Expropriation

Slava Vukolov, a Russia-based independent journalist, writes that "one can hardly find the term 'resource nationalism' in the Russian media, and even the old cadres of the Communist party rarely write about the subject". As a result, he was quite surprised when a recent Ernst & Young business-risks survey had Russia as one of the countries where the risk of RN occupies top place.

Anglo's growing pipeline

After a three-year absence from the Diggers & Dealers forum, Anglo American plc has unveiled a US$70 billion (A$65 billion) project pipeline as it targets a doubling of its production base by 2015

Barrick battles rising costs

Barrick Gold Corp, the world’s largest gold producer, has planned measures to meet the challenge of rising costs in Australia, and expects the looming carbon tax to add around US$12/oz to operating costs

Yanzhou in US$220m Australian coal buy

China’s Yanzhou Coal Mining Company Ltd plans to purchase an Australian thermal coal project from privately-held Syntech Resources Ltd for A$202.5 million (US$220 million)

Xstrata approves US$649m Canadian nickel projects

Xstrata plc has approved expenditure on two nickel projects in Canada totalling US$649 million

AngloPac royalties

Anglo Pacific Group plc has announced the acquisition of two royalties on projects in Canada and Greenland
Browse the entire database for articles from this section

People and Appointments

Dempster new role

Natalie Dempster is to lead government affairs activities for the World Gold Council

Mintec opening in UK

US-based Mintec Inc will strengthen the reach of its MineSight software by opening an office in London on October 1

Territory changes

Andy Haslem has stepped down from Territory Resources Ltd following the recent takeover bid made by Noble Group Ltd

Aureus hires Thomson

Paul Thomson is joining Aureus Mining Inc as the company’s chief financial officer, effective September 1

Loader joins Oracle

Oracle Coalfields plc has appointed Adrian Loader as the company’s chairman

Lambert now PwC partner

Jonathan Lambert has been promoted to partner at PricewaterhouseCoopers (PwC) in London
Browse the entire database for articles from this section
MJ 05/08/11
Past issues
 
PROFESSIONAL PLACEMENTS

Professional PlacementsProfessional Placements: Executive Director - PDAC

The Prospectors & Developers Association of Canada (PDAC) is seeking an Executive Director (ED) to oversee its operations from its headquarters in Toronto, Ontario

COMPANY PROFILES
Russian precious metals company Polymetal International plc’s commitment to establishing an extensive pipeline of growth projects has continued with the acquisition of the Kyzyl gold project.
Russian precious-metals company Polymetal International plc has made significant progress at the Semcha platinum-group metals (PGM) property in the past year as it moves the project towards a preliminary economic assessment
The Republic of Guinea intends to launch, pursuant to the mining Code, a competitive and transparent invitation to tender for three bauxite mining blocks located in the prefectures of Boffa, Boké and Télimélé.
Indochine Mining Limited is developing a high-grade gold project at Mt Kare in PNG by rapidly developing wide, high-grade gold zones
Sarama Resources is a West Africa-focused gold explorer with substantial landholdings in Burkina Faso, Liberia and Mali.
RECENT IN-DEPTH FEATURES

Recently published Reports:

No results were found