• CHINA – Fast track to Eastern Dragon gold production

    Sino Gold aims to bring the Eastern Dragon gold and silver project in China into production as quickly as possible to become the company’s third operating mine.

    Sino Gold’s chief executive officer Jake Klein says: “Our work during 2008 has confirmed that Eastern Dragon is a very valuable gold deposit that is both high grade and straight forward to develop into a very low-cost mining operation.

  • PHILIPPINES – Gold production up 76% at Co-O

    Gold production at Medusa Mining’s Co-O mine in the Philippines increased by 76% in the December quarter to 12,158 ounces.

    The average recovered grade during the quarter was 15.84 grams/tonne gold and the average cash cost per ounce was US$215.

    The company says the increase in production was achieved as a result of the phase 1 expansion nearing completion.

  • PHILIPPINES – Acoje heap leach economically viable

    A pre-feasibility study on the heap leaching of nickel laterites at Rusina Mining’s Acoje project in the Philippines demonstrates an economically viable project using heap leach technology producing 24,500 tonnes a year of contained nickel and 930 tonnes of contained cobalt.

    The study by Rusina’s joint venture partner European Nickel is based on a JORC indicated resource of 30.76 million tonnes at 1.12% nickel and 0.05% cobalt, at a 0.8% nickel cut-off for saprolite and a 0.9% nickel cut off for limonite, giving the project an initial mine life of 10 years.

  • INDONESIA – Miwah sampling continues to impress

    East Asia Minerals continues to encounter significant gold intercepts from rock sawn channel sampling at its Miwah Gold Project in Aceh Province , North Sumatra, Indonesia.

    The latest results have encountered high grade gold from the central part of Block M, including 20 metres of 14 grams/tonne gold, 10 metres of 3.70 grams/tonne, 32 metres of 2.41 grams/tonne and 20 metres of 1.45 grams/tonne.

  • PNG – Simberi gold production increases

    Gold production at Allied Gold’s Simberi mine in Papua New Guinea increased by 19% during the December quarter to 20,989 ounces.

    This figure exceeded the company’s quarterly target of 20,000 ounces while the grade was also considerably higher than expected at 1.94 grams/tonne gold but this was offset by a fall in recovery rates to 77% - a function of processing more transitional ore.

  • INDIA – Iron ore exports up in December

    India 's iron ore exports jumped 39% to 13.6 million tonnes in December 2008 against 9.8 million tonnes in the same month of 2007.

    According to a study conducted jointly by Minerals & Metals Trading Corporation, Goa Mineral Ore Exporters Association and Kudremukh Iron Ore Company, the increase came on the back of fluctuating demand from China .

  • KYRGYZSTAN – Nimrodel granted gold tenements

    Nimrodel Resources has acquired a highly prospective tenement in Kyrgyzstan which contains a number of gold occurrences including the large Saraysay-Tyllyaberdy prospect.

    The company’s Kyrgyz subsidiary Linia Prava has been granted the Tyuz-Ashuiskaya Exploration Licence which covers an area of 72sqkm in the Chatkal Region of western Kyrgyzstan .

  • IRON ORE – Drilling indicates Warramboo potential

    A drilling program at Iron Road ’s Warramboo Iron Project in South Australia has indicated consistent high quality concentrates averaging 70.1% iron.

    Results for about half of the metallurgical test work of the phase 1 program have been received. The program saw 32 holes drilled for a total of 5170 metres.

  • MOVERS & SHAKERS - Rio Tinto appoints new chairman

    Jim Leng will be appointed chairman of the Rio Tinto boards following the group’s annual general meeting on April 20.

    In the interim he has joined the boards as chairman designate and a non executive director.

    The move follows the notification last October by current chairman Paul Skinner of his preference to retire from the boards following the AGM.

  • INVESTMENT: TFC Capital Cambodia is born

    Seeking investment in Cambodian mining is one of the aims of a new operation called TFC Capital Cambodia.

    The final legal set up of the new operation, which is part of the TLC Group, has been completed and the division will be based in Cambodia ’s capital city, Phnom Penh .

  • SUSTAINABILITY - Have say on sustainability guidance for mining

    The Global Reporting Initiative (GRI) and International Council on Mining and Metals (ICMM) invites public comments on draft guidance on sustainability reporting for mining and metals companies.

    Sustainability reports are vehicles through which companies and other reporting organizations can disclose their performance on a range of economic, environmental, and social issues.

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