• PNG - Highlands to divest Ramu project

    Highlands Pacific will divest its interest in the Ramu nickel and cobalt project in Papua New Guinea with ABN Amro commissioned to assist in this process.

    Highlands aims to concentrate on operating in the copper and gold sector and the Ramu project sits outside this strategy.

  • MONGOLIA - Forum to promote foreign investment

    The Discover Mongolia 2007 International Mining Investors Forum in Ulaanbaatar from November 8-10 aims to promote foreign investment in Mongolia‘s minerals sector.

  • CHINA - Golden China agrees to takeover offer

    Golden China Resources has agreed to a proposed takeover offer by Sino Gold Mining that values Golden China at Aus$80.7 million.

  • INDONESIA - Agreement on nuclear plans

    Korea Electric Power Corp (KEPCO) and Korea Hydro & Nuclear Power Co (KHNP) have signed a memorandum of understanding with Indonesia"s PT Medco Energi Internasional to start implementing the country"s nuclear plans.

  • PHILIPPINES - Funds for Didipio development

    OceanaGold has raised Can$10.7 million to develop its Didipio gold-copper project in northern Luzon in the Philippines.

  • CHINA - New exploration licence at Behinyar

    Golden China Resources has obtained a new exploration licence covering an additional 33sqkm at its Behinyar gold project in the Chinese province of Inner Mongolia.

    The new area is believed to host the south-west extension of the Beyinhar ore body.

  • PHILIPPINES - Kay Tanda bonanza zone extended

    Mindoro Resources has drilled another bonanza-grade intercept from the Kay Tanda epithermal gold-silver prospect, Archangel Project, the Philippines.

    The core hole intersected 99.2 metres of 2.72 grams/tonne gold which includes one metre of 192.09 grams/tonne gold.

  • INDIA - Australian Mining Mission to visit

    Austrade will make its annual Australian Mining Mission to India in November with company representatives able to meet business contacts and get a first-hand view of the Indian mining sector.

    From November 18-22 participants will visit two coal mine sites in eastern India and network with potential customers and partners in New Delhi and Kolkata. They can then stay on in Kolkata for the Global Steel Conference from November 22-24.

  • MAGNESIUM - Purchase adds to Varomet strength

    Varomet Holdings, a wholly owned subsidiary of Straits Resources, has bought Norsk Hydro"s magnesium operations.

    The Hydro Magnesium acquisition complements Varomet"s existing GfE business, which supplies specialty metals to the foundry and steel industries.

  • COMPANY AND PRODUCT NEWS - FMC seeks licencees

    US company FMC Technologies is seeking Australian and Indian licencees to manufacture Link-Belt Conveyor Rollers and Idlers as well as Link-Belt 2000 Series Ball Bearing Idlers.

  • PRODUCT NEWS - Project gold production possible in six months

    An excellent opportunity has become available to mining companies with advanced projects, to be in production 6-12 months. General shortages and delayed delivery of plant and equipment components has frustrated project lead times to extending well beyond normal expectations, so the availability of a complete 1.5 million tonnes per annum CIL Gold plant, engineered, packed and sitting on the wharf in a major shipping hub has attracted a lot of attention.

  • PHILIPPINES - Excellent Kay Tanda results

    Mindoro Resources has received excellent final results from extensive metallurgical test work from the Kay Tanda gold-silver prospect, Philippines.

    The results are for drill core composites for two different crush sizes from both oxide and mixed (transitional) oxide and sulphide mineralized material.

  • MALAYSIA - New biodiesel production facility

    Mission Biofuels has appointed KNM Process Systems as turnkey EPCC contractor for its second 250,000 tonnes per annum expansion biodiesel production facility.

    The facility will be built adjacent to Mission Biofuels almost complete 100,000 tonnes per annum biodiesel refinery at Kuantan Port in Malaysia.

  • PAPUA NEW GUINEA - Kainantu production up

    Gold concentrate production at Highland Pacific"s Kainantu Gold Mine was up 11% from the previous quarter to reach 5995 ounces. A total of 29,431 tonnes of ore was processed from April to June.

  • PAPUA NEW GUINEA - Syndicate supports new Highlands team

    The banking syndicate of Highlands Pacific has demonstrated continued support for the Kainantu gold project in Papua New Guinea by agreeing to defer several financial obligations.

    Highlands managing director John Gooding says the agreement is a show of support for the new management team appointed at Kainantu and will allow them to concentrate solely on addressing and improving on the production issues at the mine.

  • MONGOLIA - Funds for development of projects

    QGX will use $20.75 million earned from a subscription agreement with JUST Group Industries for ongoing development of its Baruun Naran coal project and the Central Valley Zone in its Golden Hills copper-gold-silver project.

  • INDONESIA - Sebuku production affected by rain

    Production at Straits Resources Sebuku coal operation in Indonesia was below expectation for the quarter due to a prolonged wet season in Kalimantan.

    In the six months to June 2007 Sebuku recorded rainfall far in excess of the historical average for the period. Production of 623Kt was achieved for the quarter and 1457Kt for the half year.

  • URANIUM - High grade intercepts for Four Mile East

    Uranium, gold and copper group Alliance Resources has recorded additional high-grade uranium intercepts from the Four Mile East prospect held in joint venture with Quasar Resources.

    The new high-grade intersections from 37 holes follow a series of excellent results recorded during an ongoing step out drilling program utilizing up to four drill rigs.

  • NICKEL - New discovery at Radio Hill

    Fox Resources Limited has discovered a significant new sulphide zone at its flagship Radio Hill operations in the Pilbara region of Western Australia.

    One diamond drill hole has intersected 45 metres of disseminated nickel and copper sulphide mineralization from 287m down hole depth, about 350 metres south-east of the existing Radio Hill ore body. The intersection included 1.15m of massive nickel and copper sulphide mineralization from 323.5m down hole depth.

  • CONFERENCES: New product highlights at AIMEX

    The Mining 2020 Conference to be staged in conjunction with the AIMEX exhibition at the Sydney Showground from September 4-7 has been designed to give delegates to the conference the opportunity to attend the AIMEX exhibition as well.

  • EXHIBITION - AIMEX links buyers and agents with suppliers

    Austrade, in association with Reed Exhibitions, will bring overseas mining businesses to AIMEX at the Sydney Showground from September 4-7 to assess Australian products and services.

  • COMPANY & PRODUCT NEWS - New plastics solution

    Kinder and Co is taking an environmentally responsible approach with plastic components it supplies through a cradle-to-cradle solution, which prevents plastic conveyor components from ending up on a landfill.

  • MOVERS AND SHAKERS - Key mining engineers for Agata project

    Mindoro Resources" Philippine subsidiary MRL Gold Phils has hired key mining engineers to advance the Agata nickel laterite project towards production.

  • CHINA - Chalco to buy Liancheng Aluminium

    The purchase by Chalco (Aluminium Corp of China) of Liancheng Aluminium from parent Chinalco is expected to proceed at the end of this month.

    The purchase is part of Chalco�s restructuring and reorganization as was its purchase of Baotou (Aluminium).

  • PHILIPPINES - Promising drill results at Calo

    There are promising results from three more reconnaissance drill holes at Mindoro Resources" Calo porphyry copper-gold prospect in the Philippines.

    All holes passed through porphyry-related advanced argillic lithocap, argillic alteration, and into inner propylitic alteration below. Structurally-controlled zones of phyllic alteration were encountered in the two easternmost holes, with increasing intensity of porphyry-related alteration to the east.

  • PAPUA NEW GUINEA - Highlands Pacific to divest Ramu interest

    Highlands Pacific will divest its interest in the Ramu nickel and cobalt project in the Madang Province in Papua New Guinea.

    Highlands Pacific managing director John Gooding says the group"s 10 year involvement in this exciting world class project will potentially be coming to an end.

  • LAOS - Sepon copper production up, gold down

    Copper production at Oxiana"s Sepon mine in Laos was up during the last quarter while gold production was lower owing to wet conditions.

    Copper mining benefited from a lower stripping ratio of 1.6:1 with 502,769 tonnes of ore recovered. Ore processed was up with 315,968 tonnes milled at an average head grade of 5.54%. Production was higher at 16,271 tonnes of copper cathode for the quarter.

  • INDONESIA - Conference will examine mining industry

    A conference titled "Re-Invigorating Indonesian Mining - Let"s Look Ahead" will be held at Jakarta International Expo Kemayoran from October 31 to November 1 hosted by Indonesian Mining Association and organized by PT Pamerindo Buana Abadi (PBA).

    In conjunction and at the same venue PBA has also organized the 13th International Mining and Minerals Recovery Exhibition 2007 from October 31 to November 3.

  • CHINA - Excellent results at Behinyar

    Golden China Resources has had excellent interim drilling results for its exploration program at Behinyar gold project in China.

    The best intercept at Beyinhar to date has been an intersection of 77.2 metres averaging 4.08 grams/tonne gold, which includes an intersection of 61 metres at 5.03 grams/tonne.

  • CHINA - Share price drop 'not justified'

    Maxy Gold CEO Andre Gauthier has told shareholders he is unable to find an answer to the recent sharp drop in the company"s share price and has allayed shareholders" fears about certain reporting procedures.

    He says: "We do not believe that the recent drop in share value is justified. I would like to assure you that we are working to increase shareholder value and we ask for our shareholders" patience in this regards.

  • CHINA - Second payment for sale of Luxi interest

    Sparton Resources has received the second payment of Can$1.67 million from Starry Limited for the purchase of a 41% interest in Yunnan Sparton Minerals Company (YSM).

    Sparton will retain 39% of shares in YSM, which is the owner of the Luxi Gold Project exploration licences and project assets in Yunnan Province, China.

  • COMPANY AND PRODUCT NEWS - Gemcom releases Minex 5.2

    Gemcom has released Gemcom Minex 5.2, the latest version of geological and mine planning software for stratified deposits.

    Minex 5.2 is the most comprehensive version of the software to date, offering many new and enhanced features that enable exploration and mining professionals to accomplish more in less time.

  • COMPANY AND PRODUCT NEWS

    Quick results at Metso Minerals test centre

    Metso Minerals unique Research and Test Centre in the United States is helping many mining companies obtain quick and accurate results.

  • Xstrata Technology's promotion still working after 3 years

    Testimonial - Advertising in The ASIA Miner brings Asia"s business to you
     
    Dear ASIA Miner, I sent an email message to Xstrata Technology to seek to know more about their technnology with the intention of buying their technology and systems for our operations. Since I obtained their company information and email address from your magazine "The ASIA Miner" dated August-September 2004,
  • VIETNAM - Equipment for Ban Phuc project

    Asian Mineral Resources has secured underground mining equipment that will allow it to Equipment for salemake a rapid start to the primary production decline at the Ban Phuc nickel project in Vietnam.

    The company has also expanded its mining team at Ban Phuc.

    The mining equipment is high quality used equipment sourced from Western Australia and includes a twin boom drill Jumbo, two 32 tonne underground trucks, a general purpose IT, 1700 loader and associated spares.

  • MALAYSIA - Funding secured for Raub CIL plant

    Peninsular Gold will use US$20 million raised from the issue of convertible loan notes to cover construction and commissioning of the Raub Carbon in Leach (CIL) plant in Malaysia.

    Peninsular has entered into an agreement with Amstel Securities which will see Amstel place the convertible loan notes with a major US investment bank.

  • SOLOMON ISLANDS - Gold Ridge potential improves

    Further drilling by Australian Solomons Gold has confirmed the potential of its Gold Ridge mine in the Solomon Islands to host additional resources.

    A diamond drill hole program at Gold Ridge has been successfully completed. Thirty-seven holes were drilled totalling 4536 metres of which the last three holes were drilled in the promising Charivunga Gorge area.

  • PHILIPPINES - New discoveries at Co-O

    Medusa Mining, an Australian-based company operating and developing gold mines in the Philippines, has discovered new veins with consistent and exceptionally high gold grades.

  • PHILIPPINES - Fast tracking of Agata likely

    Results from drilling at Mindoro Resources" Agata nickel laterite project in the Philippines are exceeding initial expectations and management considers they form a sound basis for fast-tracking the project.

  • CHINA - Jinfeng ramp-up affected by rain

    The plant ramp-up at Sino Gold"s Jinfeng mine in China has proceeded well but continuous operation has been impacted by persistent rain.

    Before the rain, 5800 ounces of gold was recovered at Jinfeng during June with 2542 ounces sold at an average price of US$646 per ounce.

  • PAPUA NEW GUINEA - Nautilus takes over offshore

    Nautilus Minerals will take over offshore development aspects of the Solwara 1 project in Papua New Guinea following the lapse of an agreement with Belgium-based dredging company Jan De Nul.

  • URANIUM - Sparton secures rights to coal ash

    Sparton Resources has secured exclusive rights to process all coal ash produced by or in storage at the Guodian Xiaolongtang Thermal Power Plant in central Yunnan Province, China.

  • NICKEL - Jinchuan increases interest in Allegiance

    Jinchuan Nickel Group has paid Aus$33.04 million to earn an 11% interest in emerging Australian nickel producer Allegiance Mining.

    Jinchuan is China"s largest and the world"s fifth largest nickel producer and has contracted to buy all nickel concentrates produced from Allegiance"s nickel mine at Avebury and any future nickel operations by Allegiance in Tasmania.

  • EXHIBITIONS - New products at AIMEX 2007

    Many exhibitors are using AIMEX 2007 - Asia Pacific"s International Mining Exhibition - to launch new products and services to Australian and global markets.

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