• PNG – New options identified for Yandera project

    New processing and infrastructure options have been identified for Marengo Mining’s Yandera Copper-Molybdenum Project in Madang Province, Papua New Guinea.

    These options have led the company to expand the scope of phase 2 of a definitive feasibility study that is under way for the project. The completion date of the study has also been extended from mid-2009 to December 2009 in order to deliver best quality results.

  • PHILIPPINES - Extensive copper mineralization at American Tunnels

    Detailed underground mapping and sampling at the American Tunnels copper-gold prospect of Mindoro Resources’ Agata Project has found extensive copper mineralization.

    The program was carried out within artisanal small scale mine workings and the mineralization, associated in places with high gold and molybdenum values, was encountered throughout most of the underground workings.

  • PHILIPPINES – High grade chromite intercepts at Acoje

    High grade chromite and Platinum Group Metal (PGM) intercepts have been recorded in a drilling program at Rusina Mining’s Acoje tenement on the island of Luzon in northern Philippines.

    High grade chromite intercepts returned from one hole included 6.05 metres @ 44.4% chromite.

  • CHINA – Tianshan acquires Qixia Gold Project interest

    Tianshan Goldfields has acquired a 60% interest in the highly prospective Qixia Gold Project, a new gold exploration project in Shandong Province, eastern China.

    The acquisition establishes a second strategic exploration and growth opportunity for Tianshan alongside its 90%-owned Gold Mountain Project, which is subject to a pre-feasibility study.

  • CHINA – Sampling plant for uranium-bearing ash

    Sparton Resources has signed an agreement with the Fourth Institute of Nuclear Engineering (FINE) for construction of a bulk sampling plant in a step towards the processing of uranium bearing waste coal ash in the Lincang area of Yunnan Province, China.

    Sparton’s 60% owned Chinese joint venture company, Yunnan Sparton New Environ Tech (SNET), has signed a Letter of Intent with FINE for the final engineering design and construction of the sampling plant.

  • INDIA - Surda Copper production above break-even level

    The ramp-up of copper concentrate production from India Resources’ Surda Copper Mine in India is continuing and the operation is now cash positive based on current cash operating costs.

    In the last 30 days the operation has processed 36,665 tonnes of ore at an average grade of 0.85% copper, resulting in the production of more than 290 tonnes of metal-in-concentrate for delivery to Hindustan Copper Limited’s (HCL) nearby smelter.

  • INDONESIA - Kalimantan Gold signs option on coal opportunity

    Kalimantan Gold has signed an agreement with PT Indobara Pratama (IBP) to bring a permitted coal deposit in East Kalimantan into open cut production.

    The option agreement will also see Kalimantan Gold acquire up to an 80% interest in IBP.

    Work done on the concession to date indicates a potential deposit of between 55-60 million tonnes of about 5400 kcal/kg coal.

  • MONGOLIA- First sales of Ovoot Tolgoi coal

    Sales of coal have begun to customers in China from SouthGobi Energy Resources’ Ovoot Tolgoi mine in southern Mongolia.

    The Ovoot Tolgoi coal mine is about 45km north of the Mongolia–China border and is now operating 24 hours a day, with four production crews.

    Three coal products have been established for export from the Ovoot Tolgoi mine – thermal coal, premium thermal coal and metallurgical coal.

    The first coal trucks were loaded at the Ovoot Tolgoi mine site and crossed the border into China on September 22, 2008.

  • IRON ORE – Strong potential at Caltowie project

    A review of Copper Range Limited’s Caltowie tenement in South Australia has highlighted considerable potential to identify large resources of high grade iron ore.

    The tenements are in the Adelaide Fold Belt, which has the potential to be Australia’s next iron ore field.

  • URANIUM - Chinese equity in Kazakh mines confirmed

    New agreements between Kazatomprom and the two major Chinese nuclear companies have strengthened cooperation in uranium mining and nuclear power generation.

    The agreements cover uranium mining, fabrication of nuclear fuel for power reactors, long-term trade of natural uranium, generation of nuclear electricity and construction of nuclear power facilities.

  • GOLD – Australian output slowly rising

    Australian gold production continued its slow recovery in the September quarter 2008 with newly mined gold output totalling 56 tonnes.

    In its latest ‘Australian Gold Quarterly Review’, Melbourne mining consultants Surbiton Associates says despite the slow recovery the September quarter output is the third lowest quarterly figure in the last 20 years. It is 3% higher than the June quarter 2008 figure but more than 9%, or 5 tonnes, lower than for the September quarter 2007.

    Surbiton Associates’ director Sandra Close says: “It looks as though Australia’s gold production for 2008 will be the lowest since 1989. It will be somewhere between 25 to 30% lower than the peak year of 1997.”

  • PRODUCT NEWS – Indian mine chooses Bucyrus coal hauler

    Singareni Collieries Company Limited (SCCL) has chosen two Bucyrus FBR-15 Coal Haulers for its GDK11a underground coal mine in India.

    SCCL is jointly owned by the Government of Andhra Pradesh and the Government of India. It operates 13 surface and 42 underground mines in India, and has 78,000 employees.

    The GDK11a underground coal mine has proven geological reserves of 8791 million tonnes.

  • Story of the month

    A unified voice for a growing supply corridor

    THE Sudbury Area Mining Supply and Services Association (SAMSSA) brings together a number of highly experienced private sector mining supply and services companies in Northern Ontario that wish to expand in domestic and international markets.

    The Northern Ontario corridor of mining suppliers is known worldwide in all mining circles as the centre of mining excellence based on products and expertise that, in some cases, stretch more than 40 years of refinements and production of quality work in the field.

  • INDONESIA – New gold zone confirmed at Abong

    New drilling results from East Asia Minerals’ Abong project in Indonesia have confirmed the presence of another high-grade gold zone.

    The northeast trending zone is within the extensive flat lying and near-surface Abong mineralized system which remains open in both strike directions.

    The results from recent infill and step-out drilling in the centrally located Bulan Gold Zone included an intersection of 14 metres @ 6.31 grams/tonne gold in the vicinity of the sink hole area.

  • KAZAKHSTAN – New partnership for Bakyrchik

    Ivanhoe Mines has finalized an agreement with several strategic partners in Kazakhstan to consolidate ownership of the Bakyrchik Gold Project in the north-east of the central Asian country.

    Ivanhoe previously held a 70% interest in the project and the new agreement covering it and other gold mining assets in Kazakhstan will see the formation of a new company, Altynalmas Gold.

  • PNG – Anglo American increases stake in Nautilus

    Anglo American has increased its equity stake in seafloor explorer Nautilus Minerals from 5.7% to 11.1%.

    Nautilus' CEO Stephen Rogers says: “Purchasing additional shares in the current market, demonstrates the belief Anglo American has in, not only Nautilus, but the emerging seafloor mining industry.

  • MONGOLIA – Benefiting from China’s vast appetite

    This report on Mongolia has been prepared by Uraniumletter International editor Marino Pieterse and is kindly reproduced in The ASIA Miner weekly electronic news service.

    Mongolia was dominated by the former Soviet Union for 70 years from 1921. Having achieved independence in 1991, the country has been a fledgling democracy since that time and a president elected every four years.

  • INDIA – Minister encourages resources trade

    Australia ’s Minister for Resources and Energy Martin Ferguson has emphasized the importance and potential of Australia 's resources relationship with India .

    The statements were made during his opening address to the 9th International Mining and Machinery Exhibition (IMME) in Kolkata , India .

  • PHILIPPINES – Due diligence at Batangas joint ventures

    Due diligence is proceeding on a number of Mindoro Resources’ Batangas porphyry copper-gold prospects as part of a joint venture arrangement with a member of the Gold Fields group of companies.

    A non-binding letter agreement has been signed with the Gold Fields partner, establishing the basic commercial framework whereby Gold Fields may earn up to a 75% interest in each of Mindoro 's El Paso , Lobo and Talahib porphyry copper-gold projects in the Batangas Province of southern Luzon , the Philippines .

  • PHILIPPINES – Canatuan off-take agreement with MRI Trading

    TVI Resource Development (Phils) has entered into a five-year off-take agreement with MRI Trading AG of Switzerland covering copper concentrates produced from the company's Canatuan sulphide project in the Philippines .

    The agreement means TVIRD, the Philippines affiliate of TVI Pacific, will sell all copper concentrate production from the Canatuan sulphide operations exclusively to MRI Trading.

  • INDONESIA – Initial estimate for Mewet Vein resource

    An initial resource estimate for the Mewet Vein at Kalimantan Gold’s Jelai Gold Project in East Kalimantan, Indonesia, shows an indicated resource of 28,000 ounces of gold and 26,000 ounces of silver and an inferred resource of 62,000 ounces of gold and 82,000 ounces of silver.

  • INDONESIA - BHP Billiton ends integrated nickel development study

    BHP Billiton has decided to end a study into integrated nickel development in eastern Indonesia .

    The decision was made after the study was not able to identify a business case which would support an investment.

  • PNG - Wärtsilä opens workshop and service centre

    Wärtsilä Corporation has opened a new office and workshop in the Papua New Guinea capital, Port Moresby , to service power plant installations in the region's gold, copper and silver mining industries.

    It will also service regional marine applications in the fisheries and offshore oil and gas sectors.

  • MOVERS & SHAKERS – China representative for CSA Global

    Australian-based geological, mining and management consultancy CSA Global has appointed Irvine Hay as its representative in China .

    Irvine Hay will oversee and strengthen CSA’s involvement in the Chinese resource industry, an involvement which dates back to 1994.

  • IRON ORE – Low cost development option for Nullagine

    BC Iron is considering a low capital cost, 1.5 million tonnes/annum start-up project development option for its Nullagine Iron Ore Project in Western Australia ’s Pilbara region.

    The alternative development option is based on the company’s Bonnie Creek CID Project, where a maiden inferred mineral resource of 28 million tonnes @ 57.4% iron was defined in March this year.

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