• MONGOLIA – Cabinet endorses Oyu Tolgoi agreement

    Ivanhoe Mines has welcomed a Mongolian Government announcement that a comprehensive draft Investment Agreement to facilitate development of the Oyu Tolgoi copper-gold project has been endorsed in principle by Mongolia’s Cabinet and the country’s National Security Council.

  • CAMBODIA – Drilling begins on Southern Gold tenements

    Southern Gold has started the maiden reverse circulation drilling campaign on its Cambodian gold and base metals tenements.

    The objective of the program is to confirm the scale and grade of gold and base metal mineralization identified at surface through work undertaken in the last few field seasons.

    Additional drill targets are expected to be prioritised as results are received from current trenching exploration programs.

  • PNG – Allied Gold placement raises $30.75 million

    The success of a placement of 61.5 million ordinary shares in Allied Gold reflects continued confidence in the quality of the company’s assets.

    The placement, which has been oversubscribed, will raise about Aus$30.75 million and represents about 15% of the company’s shares on issue before the placement.

    Subscribers to the placement include many existing institutional shareholders predominately based in the UK and two global institutional gold funds who are new to the Allied Gold share register.

  • VIETNAM – Austrade to lead mining mission

    Austrade is taking an Australian mining delegation to South East Asia ’s mining hot spot Vietnam and invites Australian mining equipment, technology, consumable and services companies to join the mission.

    It will be the first time Austrade has taken a mining delegation to Vietnam and the visit is certain to give participants an insight into opportunities in the coal and hard rock mining sectors.

  • CHINA - Arrow Energy begins CBM drilling

    Arrow Energy and its partner Binchang Mining Group have started drilling the first well of a two well coal bed methane (CBM) pilot drilling program in Shaanxi Province, China.

    The first hole was recently spudded and has been drilled to 192 metres of a planned total depth of 550 metres.

    Each well will be a combination of a vertical well and two surface-to-in-seam horizontal wells intersecting the vertical well.

  • CHINA – Positive Gold Mountain pre-feasibility

    Tianshan Goldfields’ Gold Mountain Project in Xinjiang Province is suitable for an open pit mine development and heap leach operation producing 65,000 ounces of gold/year averaged over a 9-year mine life.

    A pre-feasibility study into the project states it has the potential to become Xinjiang’s premier gold mine.

  • CHINA – New CSH crushing facility on schedule

    Construction of the 30,000 tonne per day, three stage crushing facility at Jinshan Gold Mines’ CSH Gold Mine in Inner Mongolia continues to meet the timeline for completion in the third quarter.

    More than half of the new crushers have arrived at site and the remainder are expected to arrive by early April. Initial testing of the crushers is scheduled to begin in July.

    For the mixed and sulphide ore at CSH, three stage crushing is required to allow more efficient heap leach recovery of gold.

  • CHINA – Assays confirm Changkeng extension

    The final assay results for the 2008 diamond drilling program completed at Minco Gold Corporation’s Changkeng Gold Project in Guangdong Province include a number of excellent intersections.

    The results confirm an extension of mineralization along strike for about 300 metres to the northeast from the main Changkeng deposit area and will be included in a NI 43-101 compliant resource estimate which is in progress.

  • INDONESIA - Significant mineralization at Lower Tengkereng

    Results from recent surface channel sampling at the Lower Tengkereng prospect on East Asia Minerals’ Barisan II project in Indonesia have confirmed the presence of gold-rich porphyry mineralization.

    The results include 31 metres of 0.77 grams/tonne gold plus 0.03% copper and 116 metres of 0.33 grams/tonne gold plus 0.04% copper and are significantly better than the historic drill intercepts from the upper 90 metres of the Lower Tengkereng porphyry system.

  • INDONESIA – Study of East Kutai haulage options

    Alternative haulage methods and routes to port are being considered by engineering teams at Churchill Mining’s East Kutai Coal Project in Kalimantan, Indonesia.

    The preferred transport route at present is a combination of haul road and conveyor system to the east of the project but alternatives are being examined as part of full due diligence of the project by three prospective investors.

  • GOLD – Record prices but lower production

    Despite the Australian dollar gold price hitting record highs, Australian gold production fell for the December quarter and for the full 2008 year.

    The latest Quarterly Gold Review from Melbourne-based mining consultants Surbiton Associates shows production for 2008 was 7 million ounces or 219 tonnes, a fall of 29 tonnes or 12% on the figure for 2007.

  • PHILIPPINES Study confirms Tampakan's world-class standing

    An extended pre-feasibility study into the viability of the Tampakan Copper-Gold Project in the Philippines has confirmed a world-class, large-scale project with 2.2 billion tonnes of mineral resource base containing an estimated 1.4 billion tonnes of mill feed.

    The preliminary findings of the study have been released by project partner Indophil Resources. The study took almost two years for project manager Sagittarius Mines to complete.

  • PHILIPPINES- Funds to advance Co-O expansion

    Medusa Mining will use proceeds from an Aus$24.5 million placement to advance the phase two expansion of its Co-O underground gold mine and associated facilities in the Philippines.

    The expansion is targeting production of 100,000 ounces of gold/year.

  • TONGA - High-grade seafloor systems found

    Four new high-grade seafloor massive sulphide (SMS) systems have been discovered on Nautilus Minerals' prospecting licences in the Exclusive Economic Zone of the Kingdom of Tonga.

    The systems were found by Nautilus’ exploration partner Teck Cominco.

    Laboratory testing of 17 massive sulphide samples, across the four newly discovered SMS systems, returned an average grade of 16.4 grams/tonne gold, 8.2% copper, 12.3% zinc and 184 grams/tonne silver.

  • INDONESIA - First shipment of Wetar copper cathode

    The maiden shipment of 61 tonnes of copper cathode has been made from Finders Resources’ Wetar Copper Project in Indonesia .

    The shipment represents the first production of high quality cathode copper using heap leach and SX-EW technology within Indonesia .

  • INDONESIA - Southern Arc granted new Central Java licence

    Southern Arc Minerals has been granted another exploration licence in Central Java which is prospective for gold, copper and other base metals.

    The new Kuasa Pertambangan (KP) covers the Tirtomoyo area of 4869 hectares and is near the company's Karangtengah KP in Wonogiri Regency.

  • INDONESIA - Mitsubishi buys stake in Weda Bay nickel

    Japan's Mitsubishi Corp is acquiring 30% of an Indonesian nickel mining project for about US$143.42 million.

    The Weda Bay Nickel Project on the island of Halmahera is Mitsubishi's first nickel venture.

  • LAOS - Drilling begins at Houai Khouay

    Drilling has started at the promising Houai Khouay gold target on Argonaut Resources Century tenement in Laos.

    The reverse circulation drilling program follows recent exploration at Houai Khouay which returned a trench intercept of 24 metres @ 25.5 grams/tonne gold including 8 metres @ 71.8 grams/tonne gold.

  • PNG - Funds to accelerate Simberi expansion

    Allied Gold will use portion of Aus$30.75 million raised from a placement to accelerate the sulphide expansion initiative at the Simberi Gold Project.

    The funds will enable the company to begin the 100,000 ounces/year sulphide expansion feasibility study and continue to accelerate the drilling program relating to the feasibility.

    An engineering firm has been appointed to start the feasibility.

  • PNG - Ramu commissioning expected this year

    This year Highlands Pacific aims to commission the Kurumbukari Mine and Basamuk processing plant, which are part of the Ramu nickel and cobalt project in Papua New Guinea.

    The Ramu project will produce 31,150 tonnes of nickel and 3300 tonnes of cobalt per annum when fully operational, with an operating life estimated to be in excess of 20 years.

  • MONGOLIA - Drilling resumes at Nomkhon Bohr coal target

    Core and reverse-circulation drilling has resumed at the Nomkhon Bohr coal target, which is part of Entrée Gold’s Togoot Licence in Mongolia.

    The drilling program is focused on continued testing of the target along strike, and the search for additional targets in the unexplored area to the west.

    Entree has budgeted about US$2.6 million for first phase 2009 exploration, which follows the discovery of several new coal targets in the northwest portion of the Togoot Licence

  • COMPANY & PRODUCT NEWS - Industrea awarded Chinese coal contract

    Mining products and services provider Industrea Limited has been awarded a US$6.2 million contract by Chinese coal miner Inner Mongolia Yitai Coal.

    Industrea will provide four 55-tonne long wall roof support Chock Carriers to the company based in the northern Chinese region of Inner Mongolia, for delivery in the 2009/10 financial year.

  • CONFERENCES - Realizing benefits of community investment

    Forward thinking corporations today realize the benefits of a well executed community investment program and know that local support guarantees quicker access to resources, an increased ability to operate, faster infrastructure construction and lower procurement and supplier costs.

  • MOVERS & SHAKERS - New Tianshan Goldfields director

    Tianshan Goldfields has appointed Antony Sage as a non-executive director while Graham Woolford has resigned as a non-executive director.

  • PHILIPPINES – Masbate production about to start

    Construction of the processing plant at CGA Mining’s Masbate Gold Project in the Philippines has been completed, paving the way for the start of commercial operations this quarter.

  • MONGOLIA - Leighton Asia secures Ukhaakhudag contract

    Leighton Asia has secured an Aus$350 million, six year mining contract for the Ukhaakhudag coal mine project in Mongolia.

    The company is now working at Ukhaakhudag undertaking the initial mine development works and has established a mining team at the site that will begin the mining contract this month.

  • MONGOLIA – High grade underground results at Gurvanbulag

    High grade sampling assay results have been returned from the 200-metre level of underground workings at Western Prospector Group’s Gurvanbulag uranium project.

    None of the samples represent the full thickness of the mineralized horizon, as only its basal contact is exposed.

  • INDIA – Coal entity to pursue overseas properties

    International Coal Ventures (ICVL), the Indian special purpose vehicle (SPV) formed by five large public sector units for securing overseas coal properties, will be incorporated as a company with a war chest of about Rs10,000 crore.
  • CHINA – Changkeng drilling extends mineralization

    Drilling at Minco Gold Corporation’s Changkeng Gold Project in Guangdong Province has confirmed wider spaced positive drill results and extended mineralization down dip.

    The drilling was part of a comprehensive exploration program on the project including about 12,000 metres of combined step out and in-fill diamond drilling in 61 holes. The company has so far received assay results from 20 holes.

  • INDONESIA - Thiess gains Arutmin contract extension

    Thiess (Indonesia) has been awarded a US$1.52 billion contract extension by PT

    Arutmin Indonesia for operation of the Senakin and Satui coal mines in South Kalimantan.

    The extension means operations on both sites will be ramped up in coming months to increase production to 12 million tonnes of coal and 120 million cubic metres of overburden per annum.

  • INDONESIA – Southern Arc in transition to permit system

    Under the provisions of Indonesia’s new Mining Law Southern Arc Minerals is making the transition to the new permit licensing system at its Lombok and Taliwang properties.

    When the new law was enacted on January 12, 2009, it effectively put an end to the

    Contract of Work (CoW) regime under which the company had been operating since 2004.

  • IRON ORE – Offtake agreement for Nullagine

    BC Iron has entered into a long-term off-take agreement with Tennant Metals for 25% of future iron ore production from the Nullagine Iron Ore Project in the Pilbara of Western Australia.

  • GOLD – The golden rule for the new millennium

    GOLD – The golden rule for the new millennium

    By Alberto Migliucci

    The Golden Rule for the new millennium is not ‘the one with the gold makes the rules’ but ‘the one who needs your gold makes the rules’. Caveat emptor.

  • COMPANY & PRODUCT NEWS – SGS’ Tianjin laboratory gains licence

    SGS Minerals Services’ geochemical laboratory in Tianjin, China, has gained an operating licence from China’s Ministry of Land and Resources.

  • MOVERS & SHAKERS – Dixon relocates vice-president

    Dixon has relocated its vice-president, sales & marketing (Asia Pacific) Andrew Prentice to the company’s new office in Singapore.

    Andrew Prentice, who has been with Dixon for more than 12 years, has an impressive track record in the mining and industrial markets in Australia, and will now be based in Singapore, centrally located to the Asia Pacific region.

  • MOVERS & SHAKERS – TFC relocates official to Shanghai

    TFC is relocating its China Commodity Finance portfolio head Alice Siu from Hong Kong to Shanghai.

  • VIETNAM – New joint venture to operate in Tuyen Quang

    Indochina Mining Corporation and the Truong Son General Group of Youth Volunteers have formed a joint venture company to pursue nonferrous mining prospects in the Tuyen Quang province of northern Vietnam

  • INDIA – Iron ore exports improve

    Iron ore exports from India increased by 39% to 13.6 million tonnes in December 2008 against 9.8 million tonnes in the same period of 2007.

  • INDIA - Areva to build EPR reactors

    Areva has signed an agreement with the Nuclear Power Corporation of India (NPCIL) to build two, and possibly four more, EPR reactors at Jaitapur on India 's west coast.

  • PHILIPPINES - New drilling program at Kay Tanda

    A 2240 metre drilling program has started at Mindoro Resources’ Kay Tanda epithermal gold-silver prospect in the Philippines aimed at upgrading the existing NI43-101 compliant resource estimate by finding more high-grade gold zones.

  • PHILIPPINES – Habitat mapping completed at Tampakan

    As part of its extensive study on the natural environments within and surrounding the Tampakan copper-gold project in the Philippines , Sagittarius Mines has completed habitat mapping in Malalag and Sarangani bays.

  • INDONESIA – Initial Mamahak coal estimate of 17.4 million tonnes

    SouthGobi Energy Resources has received an initial independent NI43-101 compliant resource estimate of 17.4 million tonnes for its Mamahak coal project in East Kalimantan, Indonesia.

  • INDONESIA – Reserve drilling proceeds at East Kutai

    Churchill Mining expects to complete a reserve drilling program at its East Kutai Coal project in Kalimantan in the next few weeks.

    The company expanded the reserve drilling target to include smaller tonnages of higher calorific areas in the northeast of East Kutai ’s main area.

  • COPPER-GOLD – Funds to develop Kanmantoo

    Hillgrove Resources will use $4.1 million raised from a placement and share purchase plan to further develop its Kanmantoo copper-gold project in South Australia .

    The share purchase plan raised $2.1 million with the remainder raised by the placement.

  • CONFERENCES – Building successful community investment

    Can local community partnerships deliver more than just enhanced reputation and can they deliver real competitive advantage?

    Rio Tinto Alcan, PT Kaltim Prima Coal, Barrick Gold Mine and many other leading corporations from the extractive industry believe they can
  • COMPANY & PRODUCT NEWS – Kinder & Co supplier of the year

    Kinder & Co was awarded the 2008 Supplier of the Year Award at the third annual Australian Bulk Handling Awards.

  • MOVERS & SHAKERS – New SouthGobi president

    SouthGobi Energy Resources has appointed Alexander Molyneux as its new president, effective April 27.

    Based in Hong Kong, Alexander Molyneux, who was most recently managing director, head of Metals & Mining Investment Banking, Asia Pacific, with Citigroup, will be responsible for business and corporate development initiatives.

  • MOVERS & SHAKERS – New OceanaGold CFO

    OceanaGold Corporation has appointed Marcus Engelbrecht as chief financial officer (CFO).

    Marcus Engelbrecht spent nine years in South Africa with Deane & Thresher, Chartered Accountants before starting a 20 year career with BHP Billiton and affiliated companies.

  • CONFERENCE – Helping companies become CSR heroes

    Extractive industries can make a significant contribution to sustainable development and poverty reduction.

    Companies who are proven to be effective in providing community benefits are welcomed as local heroes but those who don’t can face never ending problems, protests and law-suits.

  • PHILIPPINES – Sulphide plant commissioning continues

    Commissioning of the copper-zinc flotation plant is continuing at TVI Pacific’s Canatuan Mine in southern Philippines.

    The plant is designed to process ore from the lower, sulphide portion of the volcanogenic massive sulphide deposit at Canatuan, which is operated by the company’s affiliate TVI Resource Development (Phils) Inc (TVIRD).

  • PHILIPPINES – Drilling to start at Lobo prospect

    The first drilling at Mindoro Resources’ Lobo porphyry copper-gold prospect in the Batangas Province of the Philippines is expected to begin within the next month.

    Lobo forms part of the Batangas Project of southern Luzon that is held in a joint venture between Mindoro, Avocet Mining and a member of the Gold Fields group of companies.

    Mindoro is well positioned to capitalize on the global demand for gold this year with plans also under way to drill the Kay Tanda gold project, also part of the joint venture with Avocet and Gold Fields, and to drill the American Tunnels gold project.

  • INDIA – Oil production begins from Cambay Field

    Oilex Limited has started oil production from the Cambay Oil Field in India with two wells now in production and another two due to go into production next quarter.

    The Australian-based oil & gas group produced 16,800 barrels of oil during the December 2008 quarter from the Cambay-64 well and the Cambay-74 well. Production has been from Miocene Basal Sand (MBS) in the Cambay Field.

  • INDONESIA - First copper plated at Wetar

    The first copper cathode plating has taken place at Finders Resources’ Wetar Copper Project in Indonesia .

    The plating began in early February in the electrowinning circuit at Wetar Copper demonstration plant.

  • AUSTRALIA-CHINA – Centrex finalizing Chinese joint ventures

    Centrex Metals executives are in China to finalize a joint venture with Wuhan Iron and Steel (Group) Corporation (WISCO) for the company’s Eyre Peninsula iron ore projects in South Australia.

  • INDIA – Joint venture clearances increase

    A newly published review of India’s outward investment in joint ventures (JV) and wholly-owned subsidiaries (WOS) outside India shows they grew by 161.1% in the July-September quarter of 2008 compared to the corresponding quarter in 2007.

  • WORKSHOP – Biodiversity conservation in project planning

    China's fast growing economy has led to increased demand for energy and resources. As demand grows, extractive companies are investing in oil, gas and mining development within China, and Chinese companies are actively exploring abroad.

  • GOLD – Fast track to White Dam project

    Given the favourable gold price environment Exco Resources is progressing finance discussions and implementation planning to allow for immediate development of the White Dam Gold Project in South Australia

  • IRON ORE – High grade Central Yilgarn intersections

    Significant high grade hematite has been intersected at the Mt Mason prospect, which is part of Jupiter Mines’ Central Yilgarn Iron project in Western Australia.

    One hole returned 53 metres of high grade iron mineralization, including intercepts of 17 metres @ 58.4% iron from 13 metres, 15 metres @ 60.5% iron from 36 metres and 21 metres @ 65.4% iron from 59 metres.

  • COMPANY & PRODUCT NEWS – Ausenco signs global communications agreement

    Ausenco has signed an agreement with Reliance Globalcom for provision of a comprehensive global communications network.

    Reliance Globalcom is one of the world’s largest integrated telecom providers, able to leverage the world’s largest undersea cable system, as well as utilizing established relationships with more than 700 carriers and service providers around the world.

  • MOVERS & SHAKERS – Changes to Tianshan board

    Tianshan Goldfields has made several key changes to its board and senior management team.

    Keith Liddell has resigned as non-executive director and chairman of the company in order to focus on other commitments while Grant Thomas has resigned as managing director.

  • MOVERS & SHAKERS – Gullco’s new regional sales manager

    Gullco International’s Australian branch continues to grow each year and the company has just appointed Marc Tyndall as new regional sales manager.

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events