MJ 27/01/12
Russia launches US$120bn coal restructuring
The prime minister of the Russian Federation, Vladimir Putin, said on Tuesday that the country would embark on an extensive restructuring of its coal industry, aimed at producing 430Mt/y by 2030. Full story...Tailings JV for Gold Fields, Gold One
Southern-Africa focused Gold One International Ltd has joined forces with the world’s firth-largest gold producer, Gold Fields Ltd, regarding a potential joint venture to process tailings on the West Rand. Full story...RBC picks copper
In its latest commodity report, RBC Capital Markets has forecast "a modest correction" this year in the price of copper, which is the bank's preferred metal.Meanwhile, the International Copper Study Group has released its preliminary data for the year to end-October 2011. Full story...Go-ahead for BHPB's US$40bn Port Hedland expansion
BHP Billiton has been granted approval by Australia’s Environmental Protection Agency (EPA) for its US$40 billion Port Hedland expansion project. Full story...Polyus hires five banks for full London listing
RUSSIA’S largest gold producer Polyus Gold International Ltd has hired five banks to handle its proposed full listing in London, moving ahead with its plans even though it has yet to receive approval from its own government. Full story...Marampa accelerated
LONDON Mining plc will accelerate the production ramp up at its Marampa iron-ore project in Sierra Leone after a successful share placing raised gross proceeds of about £57.8 million (US$90.1 million). Full story...
Production and Markets
Russia launches US$120bn coal restructuring
The prime minister of the Russian Federation, Vladimir Putin, said on Tuesday that the country would embark on an extensive restructuring of its coal industry, aimed at producing 430Mt/y by 2030. Full story...Tailings JV for Gold Fields, Gold One
Southern-Africa focused Gold One International Ltd has joined forces with the world’s firth-largest gold producer, Gold Fields Ltd, regarding a potential joint venture to process tailings on the West Rand. Full story...RBC picks copper
In its latest commodity report, RBC Capital Markets has forecast "a modest correction" this year in the price of copper, which is the bank's preferred metal.Meanwhile, the International Copper Study Group has released its preliminary data for the year to end-October 2011. Full story...Metals Economic Group highlights silver increase
A strategic report by Metals Economic Group has revealed that there are 15 significant new silver-mine expansions set for completion in 2012. Full story...De Beers first rough sight
The Diamond Trading Co, distribution arm of the De Beers Group, has held the first rough diamond sight of the year. Full story...Fatality at Two Rivers
African Rainbow Minerals announced on Monday that production had been halted at the company’s Two Rivers platinum mine in South Africa, after a fall-of-ground accident resulted in the death of an employee. Full story...Exploration & Development
Diatreme raises Cyclone resource
Diatreme Resources Ltd has completed an updated resource estimate for its Cyclone zircon heavy-minerals project in Western Australia’s Eucla Basin, as part of the ongoing prefeasibility study. Full story...Moneta files Golden Highway resource
Moneta Porcupine Mines Inc has filed the NI 43-101 independent technical report for a recent resource estimate at its Golden Highway gold property in Ontario. Full story...Sovereign intercepts
Sovereign Mines of Africa plc has intersected gold mineralisation with initial holes at the Mandiana-Magana property in Guinea. Full story...Oil Can results
Champion Minerals Inc has intersected wide intervals of fine- medium grained magnetite and haematite-rich mineralisation at the Oil Can prospect, Quebec, next to its 82.5%-owned Fire Lake project. Full story...Murray Brook assays
El Nino Ventures Inc has received assays results from drilling at the Murray Brook base-metals deposit in New Brunswick, where the company’s joint-venture partner, Votorantim Metais Ltd is earning up to a 70% interest. Full story...Shiyela scoping outlines iron-ore potential for Deep Yellow
An independent scoping study for development of Deep Yellow Ltd’s 95%-owned Shiyela iron-ore project in Namibia has indicated potential for an operation producing 2Mt/y concentrate. Full story...Ventnor intercepts
Ventnor Resources Ltd’s third phase of drilling at its Thaduna/Green Dragon copper property in Western Australia has discovered the primary mineralisation at Thaduna, according to managing director Bruce Malhuish. Full story...Panoro intercepts
Panoro Minerals Ltd has intersected a zone of supergene mineralisation while drilling the Cotabambas copper-gold property in southern Peru. Full story...Mt Weld increase
Lynas Corp has calculated a new resource estimate for its Mt Weld rare-earths project in Western Australia. Full story...Banro revises Namoya plan
Banro Corp has readdressed its plans for the Namoya gold project in the Democratic Republic of the Congo, focusing on the first phase of development, exploiting oxide and transitional mineralisation. Full story...Lydian raises Amulsar estimate
The latest resource estimate for Lydian International Ltd’s Amulsar gold project in Armenia has defined more than 3Moz of gold within combined indicated and inferred categories. Full story...Cluff’s sulphide results prompt Yaoure switch
The initial diamond-drilling programme testing sulphide mineralisation at Cluff Gold plc’s Yaoure (formerly Angovia) gold property in Ivory Coast has returned wide zones of gold-enrichment. Full story...Kumarina results
Horseshoe Metals Ltd has completed the second drilling programme at its Kumarina copper property in Western Australia, with better results from the Rinaldi prospect. Full story...Peninsula assays
The second phase of drilling at Aquila Resources Inc’s Peninsula gold property in Michigan has intersected further mineralisation within a shear zone that was discovered during initial drilling. Full story...Xstrata takes Nena option at Frieda River
Xstrata plc has exercised its option over the Nena copper-gold property in Papua New Guinea, and will pay owner Highlands Pacific Ltd US$10.8 million within a month. Full story...Moma's Phase ii expansion delayed
Kenmare Resources confirms details of its phase II expansion at the Moma ilmenite-rutile mine in Mozambique. Full story...Volta Grande upgrade
Belo Sun Mining Corp’s Volta Grande gold project in Pará state, Brazil, contains more than 3.7Moz of gold, according to the latest independent resource estimate. Full story...Rönnbäcken upgrade
IGE Resources AB’s subsidiary, Nickel Mountain Resources AB has received an updated resource estimate for the Rönnbäcken nickel project in Sweden. Full story...Pumpkin Hollow design targets 1.7Mt copper output
The independent feasibility study for Nevada Copper Corp’s Pumpkin Hollow iron-oxide copper-gold project (picture) in Nevada has designed an economically viable combined open-pit and underground operation. Full story...More from Smarts
Infill drilling at Azimuth Resources Ltd’s West Omai gold property in Guyana has continued to intersect high-grade mineralisation. Full story...Abenab assays
Initial drilling at Avonlea Minerals Ltd’s past-producing Abenab vanadium property in Namibia has returned combined vanadium-zinc-lead mineralisation. Full story...Asonga iron ore
Kilo Goldmines Ltd has received drilling results from Rio Tinto, its partner in the Isiro exploration joint venture in the Democratic Republic of the Congo, for holes testing the Asonga iron-ore prospect. Full story...Finance
Pan American buys Minefinders
Pan American Silver Corp announced this week that it had reached an agreement to buy Minefinders Corp Ltd, creating what it called “the leading growth-oriented, geographically-diversified silver producer”. Full story...
Vale faces US$5.6bn tax bill
Brazil's Vale SA faces US$5.6 billion tax bill related to foreign earnings. Full story...Further US$100M debt for Baja Mining Corp
Baja Mining Corp’s 70%-owned Mexican subsidiary, Minera y Metalurgica del Boleo SA is to draw US$100 million further debt for its Boleo project. Full story...Increasing equity trade in Africa
Increasing mining activity in Africa is reflected in figures released this week from the Johannesburg Stock Exchange. Full story...Ferrous mulls its options
Ferrous Resources Ltd may be exploring other options, after twice pulling proposed initial public offerings in London (in 2008 and 2010). The Brazilian company has a goal of becoming one of the world’s top five iron-ore producers by 2016. Full story...Go-ahead for BHPB's US$40bn Port Hedland expansion
BHP Billiton has been granted approval by Australia’s Environmental Protection Agency (EPA) for its US$40 billion Port Hedland expansion project. Full story...Rio Tinto majority in Ivanhoe
Rio Tinto has moved to majority control of Ivanhoe. Full story...Polyus hires five banks for full London listing
RUSSIA’S largest gold producer Polyus Gold International Ltd has hired five banks to handle its proposed full listing in London, moving ahead with its plans even though it has yet to receive approval from its own government. Full story...Lynas raises funds for Malaysia rare earths refinery
The rare earth metals producer Lynas Corp has raised US$225 million in capital for a planned rare earth metals refinery in Malaysia, after the company was forced to delay the plant’s start-up due to raised production costs. Full story...Hernandez: Anglo risks losing control of AAS
The chief executive of Codelco, Diego Hernandez, has claimed that Anglo-American was at risk of losing control of its Chilean copper subsidiary Anglo America Sur (AAS). Full story...Citigold funds Charters Towers
Citigold Corp Ltd has announced the raising of A$50 million (US$52.6 million) to develop its extensive Charters Towers goldfield, holding combined JORC-compliant resources of 10Moz (23Mt of ore at 14g/t). Full story...Bogdanka signs US$3.4bn supply deal
Coal company Lubelski Węgiel Bogdanka SA, among Poland’s largest listed producers, has announced the signing of a supply agreement with ENEA Group, worth Zt11.25 billion (US$3.4 billion) based on current prices. Full story...KGHM shareholders reject buyback plan
Shareholders in Poland’s major copper and silver producer, KGHM Polska Miedz SA, have turned down a proposal by the company to buy back Zt3 billion (US$893 million) of its own stock. Full story...Marampa accelerated
LONDON Mining plc will accelerate the production ramp up at its Marampa iron-ore project in Sierra Leone after a successful share placing raised gross proceeds of about £57.8 million (US$90.1 million). Full story...Miner's Right
MINER'S RIGHT
In what is his first column, Tim Treadgold notes that history has an unpleasant way of repeating itself, as some shareholders in BHP Billiton are starting to notice. Full story...Reports
Stock Exchanges: Mining the markets
The value of equities traded globally remained relatively flat in 2011 despite a near 14% drop in the global market capitalisation of stocks. This was according to data from the World Federation of Exchanges (WFE), which counts the world’s largest bourses as members. Full story...
Pakistan: Frontier challenges
Investors are constantly trying to identify the next country that will offer access to world-class, untapped, mining opportunities. Often this means operating in challenging conflict or post-conflict environments. Full story...People and Appointments
Minco adds two directors
Ireland-based exploration & development firm Minco plc Full story...Bavinton to Horizonte
Brazil-focused exploration group Horizonte Minerals plc Full story...De Beers CFO
De Beers has announced the appointment Full story...Kenny departs Firestone
Phillip Kenny, the co-founder of AIM-listed Firestone Diamonds plc Full story...Ferrous CEO steps down
Mozart Litwinski has stepped down from the position Full story...Chairman appointed at RenCap
Rob Edwards has been appointed chairman of the Metals and Mining group Full story...Issue: MJ 27/01/12
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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