• A leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982. It has been at the forefront of eight leading industry innovations for underground trackless equipment.

    The company markets its underground mine vehicles under the trade name SinoMe.

    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic meters.

    In 1997 the company developed China’s first multi-disk wet brake and holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.

    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.

    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic meter capacity underground loader to South America..

    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.

    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.

    “We have a very strong design in drive lines including application of engines, converters, transmission and axles,” Maolin Feng says.

    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller and medium size mine operators.”

    “We also supply modern equipments for high requirement such as remote control LHD, trucks and LHDs equipped with electronic control, automatic extinguish, center lubrication system, air condition cab etc.”

    Anchises Technology SinoMe range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn; sales were predominantly to the domestic market.

    SinoMe underground vehicle range of products:

    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric Underground Loader
    ADCY-2 Electric Underground Loader
    ADCY-3 Electric Underground Loader
    ADCY-4 Electric Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Flame-proof underground vehicles
    ACY-2FB Flame-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:
    Beijing Anchises Technology Company LTD
    Address: Rm. 1701 High Technology Building, No. 229 4th North Ring Road Beijing 100083 China
    Telephone:   +86-10-82883705/06
    Fax:    +86-10-82883715
    Website:    http://www.anchises.com.cn
    E-mail:      [email protected] This e-mail address is being protected from spambots. You need JavaScript enabled to view it

    Africa agent: Errol Senekal, Tel: +27 1 84694440 Fax: 018 469 2424 Mobile: +27 832513822   email: [email protected] or [email protected]  website: www.bondquip.com

    Africa & Australia sales support: Ms. Helin Qian, Tel: +86 10 51908068   Fax: +86 10 519 9067 email: [email protected]

    Australia representative: ASIA’s Resource Connections, Mackay, Queensland, Tel: +61 431 676 703 email: [email protected]   www.asias-connections.asia

    South American representative: Denver Performance Tools Inc, Andres Ugarte Tel: +1954 394 0950 Fax: +1954 236 9169

    Philippines: Magdrills and Getman Far East Corp Tel: +6344 677 2019 Managing Director: Gene L. Lomboy

  • KYRGYZ REPUBLIC – Strong Chaarat results

    Chaarat Gold Holdings has received encouraging results from its underground and surface drilling program at its 604sqkm Chaarat Gold Project.
    The program is taking place on the central Chaarat target which hosts three parallel striking mineralization trends - Main, Contact and Tulkubash zones.
    A JORC-compliant resource estimate of 4.009 million ounces at 4.14 grams/tonne of gold has been reported for the Chaarat project.
    A surface drill hole at the M3000 Project in the Main Zone returned an intersection of 43.5 metres from 144.5 metres @ 6.74 grams/tonne gold.
    Two underground drill holes at the C5300 project in the Contact Zone returned intersections of 16.5 metres from 110.5 metres @ 4.13 grams/tonne gold, 4.5 metres from 3 metres @ 3.51 grams/tonne, 15 metres from 106.5 metres @ 6.69 grams/tonne and 4.5 metres from 138 metres @ 6.03 grams/tonne.
    One of the underground drill holes was drilled from the newly constructed drill chamber 4 on the northern extension of the underground workings of the C5300 Project.  The other underground hole was drilled from the southern end of the same project in order to explore the interval between projects C4600 and C5300.  
    The Main Zone consists of seven projects with a total current resource of 1.874 million ounces at a grade of 4.15 grams/tonne gold. One of these projects, M3000, hosts 730,000 ounces at 4.24 grams/tonne and represents the largest potential for an open pit operation within the Main Zone.
    Chaarat Gold Holdings’ chairman Dekel Golan says, “The drilling program implemented this year is focused on adding the right type of ounces; ounces which fit well into the emerging mining model being developed for the pre-feasibility study, ounces in open pittable locations and strike extensions which may readily translate to a higher mining rate.”
    www.chaarat.com

  • KYRGYZ REPUBLIC – Andash stake increases

    Kentor Gold has negotiated a nine month exclusive option to acquire the remaining 10% interest held by Aurum Mining in the Andash Gold-Copper Project in the Kyrgyz Republic.
    Once the option has been exercised, it will bring Kentor Gold’s interest in the Andash project to 90%, with the remaining 10% held by a local Kyrgyz company, Invest-centre Talas.
    During the option period, Kentor Gold can choose to exercise the option at any time and pay US$1.8 million to acquire the 10% interest held by Aurum. The option period may be extended for a further six months by the payment of US$150,000.
    Kentor’s managing director Simon Milroy says, “This option will allow shareholders to benefit from a greater proportion of the Andash project.
    “I am confident that the interim Kyrgyz government is taking all steps necessary for the establishment of a legal and democratic government.”
    Established with a strong on-the-ground presence in the Kyrgyz Republic for more than 10 years, Kentor Gold acquired an 80% interest in the advanced Andash Project from Aurum Mining when
    it became available in 2009, together with the mining fleet already assembled in the country for the project.
    Kentor Gold holds its current interest in the Andash Project through a wholly-owned subsidiary Kaldora Company, which will also hold the additional 10% interest.
    www.kentorgold.com

  • A leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982. It has been at the forefront of eight leading industry innovations for underground trackless equipment.
    The company markets its underground mine vehicles under the trade name SinoMe.
    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic meters.
    In 1997 the company developed China’s first multi-disk wet brake and holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.
    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.
    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic meter capacity underground loader to South America..
    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.
    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.
    “We have a very strong design in drive lines including application of engines, converters, transmission and axles,” Maolin Feng says.
    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller and medium size mine operators.”
    “We also supply modern equipments for high requirement such as remote control LHD, trucks and LHDs equipped with electronic control, automatic extinguish, center lubrication system, air condition cab etc.”
    Anchises Technology SinoMe range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn; sales were predominantly to the domestic market.

    SinoMe underground vehicle range of products
    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric Underground Loader
    ADCY-2 Electric Underground Loader
    ADCY-3 Electric Underground Loader
    ADCY-4 Electric Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Flame-proof underground vehicles
    ACY-2FB Flame-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:
    Beijing Anchises Technology Company LTD
    Address: Rm. 1701 High Technology Building, No. 229 4th North Ring Road Beijing 100083 China
    Telephone:   +86-10-82883705/06
    Fax:    +86-10-82883715
    Website:    http://www.anchises.com.cn
    E-mail:      [email protected] This e-mail address is being protected from spambots. You need JavaScript enabled to view it

    Africa agent: Errol Senekal, Tel: +27 1 84694440 Fax: 018 469 2424 Mobile: +27 832513822   email: [email protected] or [email protected]  website: www.bondquip.com

    Africa & Australia sales support: Ms. Helin Qian, Tel: +86 10 51908068   Fax: +86 10 519 9067 email: [email protected]

    Australia representative: ASIA’s Resource Connections, Mackay, Queensland, Tel: +61 431 676 703 email: [email protected]   www.asias-connections.asia

    South American representative: Denver Performance Tools Inc, Andres Ugarte Tel: +1954 394 0950 Fax: +1954 236 9169

    Philippines: Magdrills and Getman Far East Corp Tel: +6344 677 2019 Managing Director: Gene L. Lomboy

  • INDONESIA – Mangkok mining starts

    Indo Mines has started coal mining operations at the Mangkok Coal Project, which is in a major coal production area 95km north of Banjarmasin, the capital of South Kalimantan.

    Indo Mines bought the project from Fireside Resources, an unlisted Australian public company, and says it is on schedule to produce 50,000 tonnes each month of high quality thermal coal by August 2010.
    The demand for coal continues to expand in Indonesia as the domestic market grows to meet increasing power demands.
    The Mangkok project is an open-cut mining operation that will commence production adjacent to an area previously mined.
    The removal of overburden is being undertaken and the company will also continue further exploration and infill drilling while in operation to identify new coal seams on the concession.
    Indo Mines is in negotiation with several international commodity trading groups to secure take off agreements for the project.
    www.indomines.com.au

  • INDONESIA – Bauxite project options

    Hillgrove Resources has secured options to acquire a 70% shareholding in five companies that own nine exploration licences (IUPs) over the Landak and Tayan South bauxite projects, covering 1400sqkm in West Kalimantan.
    Hillgrove has, in turn, agreed to transfer these options to its 85%-owned subsidiary, InterMet Resources. InterMet will refocus its activities around the bulk commodities of bauxite, coal and iron ore in Australia and Indonesia.
    The region is a recognized bauxite province with the Indonesian major, PT Antam, owning the Tayan bauxite deposit, between the Landak and South Tayan projects. The licences are also adjacent to established transport networks.
    Hillgrove’s managing director David Archer says, “Our work on the Landak bauxite deposit shows that high grade, alumina production quality bauxite can be produced with favourable recoveries from the deposits so far identified.
    “Hillgrove’s strategy is to identify and secure quality projects with clear potential to host substantial resources capable of supporting long-life mining operations. The company believes the projects in Kalimantan meet all these criteria in terms of scope and size and will provide an ideal nucleus for InterMet to participate in the buoyant bulk commodities space.
    “We are confident in the long-term global aluminium consumption trends and see Indonesia as a key provider of raw and refined products, particularly to the nearby Chinese market.”
    “The company will start a rigorous exploration program over the IUPs, with the aim of defining a bauxite resource base capable of justifying the establishment of an alumina refinery”.
    Hillgrove has already completed several months of due diligence involving mineral industry consultants Snowden Group, Independent Metallurgical Operations, METS and Aluminpro Aluminium Industry Professionals, and has conducted site surveys, test pitting and detailed metallurgical evaluations.
    Metallurgical test work has been undertaken on bauxite sourced from eight test pits excavated by Hillgrove across the project area at Landak.
    Test work confirmed the bauxite as gibbsitic and typified by low reactive silica levels.
    It has also confirmed the amenability of bauxite to upgrading to high grade product via simple wet screening.
    www.hillgroveresources.com.au

  • PAPUA NEW GUINEA – Nautilus cost study

    AN independent definition and cost study for Nautilus Minerals’ proposed offshore production system to be deployed in the territorial waters of Papua New Guinea (PNG) estimates its will take 30 months to complete the build of the system and to begin commercial production.
    The study provides definition and cost estimates to extract material from the seafloor mineral resources at the company's Solwara 1 site, to raise it to the support vessel, dewater it and deliver it to the port of Rabaul in PNG.
    The study concludes that the capital cost for the offshore production system, including those associated with barging to Rabaul, is estimated to be US$383 million, including a 17.5% contingency.
    It also concludes that the average operating costs up to the port of Rabaul are estimated to be US$70 per tonne, including a 10% contingency, based on annual production of 1.35 million tonnes.
    It indicates production beginning an annual rate of 1.2 million tonnes (dry equivalent) but notes that the offshore production system will have the capacity to ramp up to 1.8 million tonnes.
    Subject to securing adequate financing to advance the project through to commercial production, approval of the Nautilus Board is expected to be received during 2010.
    Nautilus does not intend to complete a formal feasibility study or define a large, long life resource or reserve before it proceeds with the completion of the equipment build and start of production at the Solwara 1 Project.
    Management considers the company's best interests are served by first demonstrating that existing offshore technologies can be adapted to cut and recover high grade seafloor massive sulphides from the deep ocean.
    Nautilus' CEO Stephen Rogers says, “The study was completed to provide cost guidance and project definition. The work contains the results of over five years of engineering, testing and mine planning. Our estimated operating costs are competitive with the operating costs for existing deep underground mines.
    “However, one of our great advantages over land-based mining is that the equipment used in our offshore production system is mobile, allowing production at successive sites without needing significant additional capital investment.”
    www.nautilusminerals.com

  • MONGOLIA – UHG contract adjusted

    Energy Resources has granted Leighton Asia an Aus$700 million contract adjustment to ramp up production at the Ukhaa Khudag (UHG) Coal Mine in the South Gobi region.
    In a deal worth Aus$940 million, Energy Resources contracted Leighton in April 2010 to ramp up the coking coal mine to annual production of 10 million tonnes of raw coal production by June 2011.
    This contract adjustment will see Leighton ramping up annual production to 15 million tonnes by January 2013.
    Energy Resources is a private company and a subsidiary of major Mongolian conglomerate MCS.
    Leighton Asia originally started operating at UHG in April 2009 when production reached 1.8 million tonnes within 8 months.
    UHG hosts big coal seams at shallow depths and is close to the key Chinese market.
    www.energyresources.mn

  • INVESTMENT – Aquila MoU with Chinese bank

    Aquila Resources and China Development Bank Corporation have signed a Memorandum of Understanding enabling both companies to explore mutual opportunities to facilitate development of Aquila’s coal and iron ore projects.
    China Development Bank, which was founded in 1994 and operates under the direct jurisdiction of the State Council, provides project financing and financial services to companies in China.
    The bank has been a major participant in the long-term financing for key infrastructure and other projects vital to the development of the Chinese economy, and has issued loans totalling more than 1.6 trillion yuan in the last decade to fund more than 4000 development projects.
    China Development Bank is a strategic partner of Baosteel Group Corporation, which holds a 15% stake in Aquila. Baosteel and Aquila are parties to a Memorandum of Strategic Cooperation entered into last August.
    As well as exploring opportunities to facilitate Aquila’s development, the MoU will enable China Development Bank to support Baosteel through its investment in Aquila, to expand its business in Australia as well as assisting China Development Bank expand its business in Australia.
    The principles of cooperation are based in equality and mutual benefit, and provide support for projects consistent with the economic development plans and bilateral diplomatic and trade development strategies between China and Australia.
    As Aquila’s projects are predominantly in steel raw materials, they are clearly seen as important from the perspective of China’s rapidly growing steel industry.
    Aquila’s interests in projects include Isaac Plains Coal Mine, Eagle Downs Hard Coking Coal Project, Washpool Hard Coking Coal Project and West Pilbara Iron Ore Project.
    Opportunities include mutually beneficial arrangements for project financing and financial services, and provide that China Development Bank will actively support Aquila both in Australia and China, in the investment in and financing of Aquila’s various projects. The parties will meet regularly to review the MoU and to identify additional opportunities for cooperation.
    Aquila’s executive chairman Tony Poli says, “This MoU provides further opportunity for Aquila to enhance its business connections with the rapidly growing Chinese economy, and to increase the company’s profile in China, as Aquila continues to aggressively pursue its growth strategy both in Australia and overseas.”
    www.aquilaresources.com.au

  • INVESTMENT – Bungalow joint venture

    Centrex Metals has completed a joint venture deal with Baotou Iron & Steel Group Company covering the Bungalow Magnetite Project in South Australia.
    Under the terms of the joint venture agreement Centrex has transferred 10% of the iron ore rights to the tenement which covers the Bungalow magnetite deposit on the Eyre Peninsula. Baotou, in turn, has transferred Aus$8 million into the Bungalow joint venture account.
    The $8 million will fund the stage 1 scoping study including resource definition drilling, metallurgical, environmental and engineering studies to be completed by early to mid-2011.
    The agreement will see Baotou pay a total of up to Aus$40M for a 50% undivided interest in the iron ore rights to the Bungalow deposit. The stage 2 payment of Aus$8 million will be spent on exploration and pre-feasibility study (PFS) at which stage Baotou will be assigned a further 10% interest.
    A stage 3 payment of Aus$24 million is to be spent on a bankable feasibility study (BFS) when Baotou will be assigned a further 30% interest in the iron ore rights.
    The start of the Bungalow joint venture is the result of a considerable amount of due diligence by Baotou.
    The joint venture now aims to begin the Stage 1, 8000 metre resource definition drilling program in the coming weeks with associated scoping studies to follow soon thereafter. Following the successful completion of stage 1, the stage 2 PFS is scheduled to begin in mid-2011 followed by the Stage 3 BFS in late-2012.
    In addition to the Wilgerup iron ore mine, Centrex and its joint venture partners are planning to invest up to Aus$115 million on three other iron ore projects on the Eyre Peninsula. All four of Centrex’s iron ore projects are within 100km of the company’s planned cape-size vessel capable, deep water port at Sheep Hill.
    www.centrexmetals.com.au

  • INVESTMENT – Chinese Zambeze agreements

    Riversdale Mining has signed agreements with Chinese venture partners for the development of the Zambeze Coal Project in Mozambique.
    The company has signed a non-binding Memorandum of Understanding with Wuhan Iron and Steel (Group) Corporation (WISCO) and a logistics partnership agreement with the China Communications Construction Company (CCCC).
    The MoU provides for the acquisition by WISCO of 40% of the Zambeze project in the Tete Province of Mozambique for a total consideration of US$800 million subject to achievement of certain milestones. When completed, the transaction values Zambeze at US$2 billion.
    In addition, at the date of signing of the definitive agreements WISCO will be issued 8% of the ordinary shares in Riversdale Mining at an agreed price of Aus$10 per share.
    Zambeze is Riversdale’s second tier 1 coal project in the Moatize Basin and is adjacent to the Benga Coal Project. Zambeze  is similar in structure to Benga with 22 coal seams outcropping over a strike length of 14km across the northern portion of the tenement. On May 31 the resource estimate for Zambeze was upgraded to 9 billion tonnes.
    WISCO will earn the right to purchase at least 40% of the coking coal produced from Zambeze and the right to purchase at least 10% of the coking coal produced from the Benga Project, in each case on market terms.
    The MoU also covers the facilitation by WISCO, along with CCCC and other Chinese companies, of a comprehensive study of mine-to-ship logistics to enable the export of large tonnages of coal products from the Zambeze project to ports for export markets. WISCO will also facilitate the participation of a number of Chinese financial institutions in arranging the necessary project finance.
    www.riversdalemining.com

  • OPTIMIZATION – NAG Decision Trees

    Mining engineers seeking the most appropriate way to solve difficult optimization problems for minerals and metals processing can get easy to follow step-by-step instructions on how to select the best-suited local or global optimization routines, from the Numerical Algorithms Group (NAG) Library, by making use of the Decision Trees for optimization.
    NAG, a not-for-profit numerical software development organization, devotes significant R&D resources to continually advance methods for solving optimization problems and similar computational challenges.
    The NAG Decision Trees are part of the documentation for one of the most rigorously tested and documented sets of optimization routines and other mathematical and statistical algorithms in the world, collected into the Numerical Algorithms Group Library. The NAG Library of routines, including the optimization chapters, can be called from diverse environments such as C++, Fortran, MATLAB and R.
    Many of those who use NAG’s routines as the building blocks of their applications rely on the knowledge base in NAG’s exhaustive documentation as a part of the ‘future-proofing’ of their application development investments. The Decision Trees, which are a feature of this documentation, are especially useful in helping both new and experienced users to select the appropriate routine for the problem at hand in a matter of minutes.
    NAG principal technical consultant Dr David Sayers, commenting on the complexities of selecting optimization algorithms, says, “For maximum efficiency, different algorithms should be used for a different problem types. Often these types are characterized by the type of objective function – that is to be minimized or maximized – and by the types of constraints that are to be applied.
    “Objective functions might be linear, quadratic (positive-definite or indefinite) or non-linear. They may have a special form, like a sum of squares. They may be sparse or dense and they may be smooth or discontinuous. Combine these with the options for constraints: none, simple bound, linear or genuine non-linear and we can see that a comprehensive chapter of optimization routines can be very large. To help the user to choose the right routine decision trees are invaluable.”
    www.nag.com

  • COMPANY & PRODUCT – Major Metso order

    Metso Corporation will supply mining equipment valued at about 30 million Euro to TISCO’s iron ore processing plant in Lan county, Shanxi province.
    The delivery will be completed during the third quarter of 2011 and comprises three semi-autogenous mills as well as related start-up and commissioning services.   

    The order will be delivered to TISCO’s new iron ore processing plant, which is expected to be completed in 2012.
    The annual processing capacity of the plant’s three grinding lines will be 22 million tonnes of raw ore, which will be the largest capacity in China.
    TISCO is China's largest and also one of the world's largest producers of stainless steel. In 2009, TISCO's turnover was equivalent to about 10 billion Euro.
    Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries.
    www.metso.com

  • Anchises - a leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982. It has been at the forefront of eight leading industry innovations for underground trackless equipment.
    The company markets its underground mine vehicles under the trade name SinoMe.
    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic meters.
    In 1997 the company developed China’s first multi-disk wet brake and holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.
    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.
    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic meter capacity underground loader to South America..
    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.
    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.
    “We have a very strong design in drive lines including application of engines, converters, transmission and axles,” Maolin Feng says.
    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller and medium size mine operators.”
    “We also supply modern equipments for high requirement such as remote control LHD, trucks and LHDs equipped with electronic control, automatic extinguish, center lubrication system, air condition cab etc.”
    Anchises Technology SinoMe range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn; sales were predominantly to the domestic market.

    SinoMe underground vehicle range of products

    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric Underground Loader
    ADCY-2 Electric Underground Loader
    ADCY-3 Electric Underground Loader
    ADCY-4 Electric Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Flame-proof underground vehicles
    ACY-2FB Flame-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:
    Beijing Anchises Technology Company LTD
    Address: Rm. 1701 High Technology Building, No. 229 4th North Ring Road Beijing 100083 China
    Telephone:   +86-10-82883705/06
    Fax:    +86-10-82883715
    Website:    http://www.anchises.com.cn
    E-mail:      [email protected]

    Africa agent: Errol Senekal, Tel: +27 1 84694440 Fax: 018 469 2424 Mobile: +27 832513822   email: [email protected] or [email protected]  website: www.bondquip.com

    Africa & Australia sales support:Ms. Helin Qian, Tel: +86 10 51908068   Fax: +86 10 519 9067 email: [email protected]

    Australia representative: ASIA’s Resource Connections, Mackay, Queensland, Tel: +61 431 676 703 email: [email protected]  www.asias-connections.asia

    South American representative: Denver Performance Tools Inc, Andres Ugarte Tel: +1954 394 0950 Fax: +1954 236 9169

    Philippines:Magdrills and Getman Far East Corp Tel: +6344 677 2019 Managing Director: Gene L. Lomboy

  • A leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982, it has been at the forefront of eight leading industry innovations for underground trackless equipment.
    The company markets its underground mine vehicles under the trade name SinoMe.
    This year, Anchises has expanded its range of products and services to Africa and Australia setting up a distributorship and maintenance and support base in both South Africa and Australia.
    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic metres.
    In 1997 the company developed China’s first multi-disk wet brake and has holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.
    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.
    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic metre capacity underground loader to South America..
    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.
    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.
    “We have a very strong design in drive lines including engines, converters, transmission and axles,” Maolin Feng says.
    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller mine operators.”
    Anchises Technology Sino Me range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn, sales were predominantly to the domestic market.

     

    SinoMe underground vehicle range of products

    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric  Underground Loader
    ADCY-2 Electric  Underground Loader
    ADCY-3L Electric  Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Explosion-proof underground vehicles
    ACY-2FB Explosion-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:

    Africa: Errol Senekal, Phone: +27 1 84694440  Fax: 018 469 2424; Mobile: +27 832513822   [email protected] or [email protected] www.bondquip.com

    Australia and South East Asia: ASIA’s Resource Connections, Mackay, Queensland; Phone: +61 431 676 703    0r email: [email protected] www.asias-connections.asia

    China Sales Support:  Ms. Qian Helin, Tel: +86 10 51908068   Fax: +86 10 519 9067, email: [email protected]

  • test1

    test article

  • KAZAKHSTAN – Uranium One acquisitions

    Uranium One has signed a definitive purchase and subscription agreement (PSA) with JSC Atomredmetzoloto (ARMZ) under which it will acquire ARMZ’s interests in two uranium mines in southern Kazakhstan.
    Uranium One will acquire a 50% interest in the Akbastau Uranium Mine and a 49.67% interest in the Zarechnoye Uranium Mine.
    The acquisition will increase Uranium One’s steady state production from its Kazakhstan assets by about 60%, from 10 million pounds to around 16 million.
    The company expects to realize management and operating synergies upon integration of these assets, especially at Akbastau which is contiguous to its Karatau Uranium Mine. The agreement will see ARMZ become Uranium One’s major shareholder.
    Uranium One’s chief executive officer Jean Nortier says, “The acquisition of 50% stakes in two additional, high quality and long life ISR mines strengthens Uranium One’s asset portfolio and positions the company to be among the world’s top five uranium producers by 2011, as our Kazakh assets ramp up to full capacity.”
    In connection with the transaction, Uranium One and ARMZ have also agreed to amend the offtake agreement between the parties, to provide ARMZ with increased offtake rights commensurate with its increased equity ownership interest in Uranium One. Uranium One’s existing uranium supply contracts will not be affected by the transaction.
    Uranium One is one of the world’s largest publicly traded uranium producers with a globally diversified portfolio of assets in Kazakhstan, the United States, Australia and South Africa.
    ARMZ is the world’s fifth largest uranium producer with operating mines in Russia and Kazakhstan.
    During 2009, operations in which ARMZ is involved produced 12.1 million pounds of U3O8. It is
    wholly-owned by State Atomic Energy Corporation Rosatom, the Russian State Corporation for Nuclear Energy which consolidates all nuclear assets of the Russian Federation.
    www.uranium1.com

  • INDONESIA – Romang drilling success

    The ongoing drill program at Robust Resources’ Lakuwahi Project on Romang Island, Indonesia, has returned further high-grade gold-silver intersections from recently received final assays of diamond drill core.
    Results have been received from two holes from the key Batu Mas Prospect. Both holes encountered precious metal mineralization of potentially economic grades and widths, significantly extending the identified zones of near-surface, high-grade gold-silver mineralization.
    The company believes that the results confirm the potential for the Batu Mas Prospect to host world-class gold mineralization similar to other major deposits in the region.
    The highlights were 57 metres @ 3.83 grams/tonne gold equivalent from surface, including 32 metres @ 5.76 grams/tonne gold equivalent and 20 metres @ 7.40 grams/tonne gold equivalent; 58 metres @ 2.71 grams/tonne gold equivalent from surface, including 13.7 metres @ 4.47 grams/tonne gold equivalent and 6.3 metres @ 1.69% copper.
    These are the second and third strongest zones of precious metal mineralization encountered in drilling on Romang to date
    The Batu Mas mineralization is still open in all directions, while higher-grade zones are open in at least three directions.
    The Batu Mas drill program is ongoing and currently there are a further nine diamond drill holes at the laboratory for assaying.
    The 150 line-km IP resistivity survey across the Lakuwahi Project is progressing steadily with about 20% of the planned area completed. This work is expected to take about 3 months and results will be available as the survey proceeds and will therefore be a useful aid in the early targeting of previously undrilled prospects.
    Robust’s managing director Gary Lewis says, “These latest results are extremely encouraging. They demonstrate the consistency and continuity of the high-grade gold and silver mineralization across the Batu Mas Prospect, as Robust moves towards delineating a maiden resource.”
    www.robustresources.com.au

  • AUSTRALIA – Baramine drilling program

    Australian manganese explorer Shaw River Resources has started an extensive 6000 metre drilling program at its 70%-owned Baramine Project in the Pilbara region of Western Australia.
    Baramine is 80km to the north-west of the Woodie Woodie Manganese Mine
    The program of up to 128 drill holes will target 63 manganese prospects and trends identified by previous work programs, including follow-up to previous drilling campaigns.
    These earlier results highlighted the existence of mineralization similar to that at the world-class Woodie Woodie project. There were 61 significant intersections with greater than 10% manganese over 2 metres in width from only 120 holes drilled. Grades were up to 38% manganese.
    The process of identifying the targets in the lead-up to the current drilling program has been closely supervised by Shaw River’s senior manganese consultant Dr Joe Drake-Brockman, who spent eight years targeting manganese at Woodie Woodie.
    Shaw River’s managing director Vincent Algar says the new program will more than double the current number of drill holes at Baramine with first assay results expected in August.
    “Shaw River is very excited to be recommencing drilling at Baramine, where we are targeting a significant manganese discovery. Baramine’s location and geology in the East Pilbara Manganese Province makes it ideal for high grade manganese exploration because it shares so many geological similarities with the Woodie Woodie deposits.”
    Shaw River is a focused manganese explorer, currently operating five Pilbara manganese projects, and holding an 80% stake in a Ghanaian manganese and gold project.
    In the remainder of 2010, Shaw River will undertake active manganese drilling programs at its Butre (Ghana), Skull Springs (Pilbara) and Baramine (Pilbara) projects. Shaw River is maintaining its active manganese project acquisition strategy as it continues to build its manganese project pipeline.
    www.shawriver.com.au

     

  • A leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982, it has been at the forefront of eight leading industry innovations for underground trackless equipment.
    The company markets its underground mine vehicles under the trade name SinoMe.
    This year, Anchises has expanded its range of products and services to Africa and Australia setting up a distributorship and maintenance and support base in both South Africa and Australia.
    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic metres.
    In 1997 the company developed China’s first multi-disk wet brake and has holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.
    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.
    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic metre capacity underground loader to South America..
    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.
    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.
    “We have a very strong design in drive lines including engines, converters, transmission and axles,” Maolin Feng says.
    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller mine operators.”
    Anchises Technology Sino Me range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn, sales were predominantly to the domestic market.

     

    SinoMe underground vehicle range of products

    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric  Underground Loader
    ADCY-2 Electric  Underground Loader
    ADCY-3L Electric  Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Explosion-proof underground vehicles
    ACY-2FB Explosion-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:

    Africa: Errol Senekal, Phone: +27 1 84694440 Fax: 018 469 2424; Mobile: +27 832513822 [email protected] or [email protected] www.bondquip.com

    Australia and South East Asia: ASIA’s Resource Connections, Mackay, Queensland; Phone: +61 431 676 703  [email protected]  www.asias-connections.asia

    China Sales Support:  Ms. Qian Helin, Tel: +86 10 51908068 Fax: +86 10 519 9067, email: [email protected]

     

  • AUSTRALIA – Mineral Hill drilling

    Ongoing drilling at Kimberley Metals’ Mineral Hill Gold-Silver Project in central New South Wales has confirmed high grade mineralization.
    Three diamond drill holes at the Pearse deposit returned intersections of 40.6 metres @ 8.0 grams/tonne gold and 74 grams/tonne silver from 42.4 metres, 37.8 metres @ 10.8 grams/tonne gold and 135 grams/tonne silver from 38.2 metres, and 32.6 metres @ 11.5 grams/tonne gold and 156 grams/tonne silver from 51.4 metres.
    Reverse circulation drilling at Pearse North has confirmed potential of near surface mineralization with intersections of 4 metres @ 9.3 grams/tonne gold and 17 grams/tonne silver from 25 metres, and 8 metres @ 5.7 grams/tonne gold and 34 grams/tonne silver from 28 metres.
    A detailed soil geochemical survey has been completed over the Pearse mineralized structure and confirmed a north-south trending anomalous geochemical trend over the full 700 metres of strike length sampled. A strong coincident gold, arsenic and antimony anomaly was found on a cross trend that extends for 150 metres to the north-east of the Pearse North mineralization. This has established a new priority target zone that will be tested by drilling.
    Kimberley is finalizing a refurbishment plan for recommissioning of the plant at Mineral hill with tender submissions received.
    www.kimberleymetals.com.au

  • PHILIPPINES – Promising Agata drilling

    Infill drilling on Mindoro Resources’ Agata Nickel Project continues to intersect thick nickel laterite mineralization with grades and thickness of potential economic interest.
    A total of 108 holes for 2038 metres have been completed from a detailed infill drilling program totalling 2500 to 3000 metres.
    More assay results have been received for 723 core samples from 36 holes, drilled on 25 x 25 metre and 50 x 50 metre patterns.
    The limonite horizon averages 1.13% nickel, 0.14% cobalt and 48% iron over an average thickness of 3.50 metres.
    Significant limonite intersections were 7.55 metres from 2 metres @ 1.36% nickel, 0.13% cobalt and 48% iron; 8.15 metres from 2.15 metres @ 1.20% nickel, 0.15% cobalt and 50% iron; 7.40 metres from 1 metre @ 1.21% nickel, 0.19% cobalt and 49% iron; 7.45 metres from 1.85 metres @ 1.17% nickel, 0.13% cobalt and 505 iron; and 7 metres from 2.85 metres @ 1.11% nickel, 0.13% cobalt and 42% iron.
    The underlying saprolite horizon averages 1.28% nickel over an average thickness of 7.96 metres. The more significant saprolite intersections were 28.2 metres from 2.2 metres @ 1.09% nickel, 0.01% cobalt and 8% iron; 18.85 metres from 4.10 metres @ 1.49% nickel, 0.02% cobalt and 9% iron; 20.35 metres from 3.3 metres @ 1.37% nickel, 0.03% cobalt and 9% iron; 10.2 metres from 5.5 metre @ 1.89% nickel, 0.03% cobalt and 12% iron; 15.7 metres from 1.4 metres @ 1.13% nickel, 0.01% cobalt and 8% iron; and 7.75 metres from 5.3 metres @ 1.85% nickel, 0.07% cobalt and 13% iron.
    The results to date include grades and thicknesses consistent with those previously reported. These continue to be of potential economic interest as potential direct shipping ore (DSO) nickel-iron limonite for the Chinese nickel-pig iron market and high grade transition to saprolite ore for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia.
    Following the DSO detailed definition program Mindoro will begin drilling the regional nickel laterite exploration target in order to convert a significant proportion of the 50 million to 70 million DMT @ 0.9% to 1.2% nickel exploration target to NI 43-101 compliant mineral resource.
    www.mindoro.com

  • PHILIPPINES – Greater Canatuan work

    An initial work program has been finalized by TVI Pacific’s affiliate TVI Resource Development Philippines Inc (TVIRD) and joint venture partner DMC-CERI for the Greater Canatuan Project area.
    The work program has been planned to lead to the exploration, development and production of mineral deposits in the area around the operating Canatuan mine.
    The joint venture partners have initiated three main activities under the work program:
    • Free Prior Informed Consent (FPIC) process;
    • Airborne geophysical survey; and
    • Completion of required processes of the Exploration Permit Application (EXPA).
    TVIRD has secured the endorsement of the local council and municipal authorities for the program. Once the FPIC process is completed, all requirements will have been fulfilled for the issuance of the exploration permit.
    The FPIC process is a Philippine government regulatory requirement for proponent firms to inform affected indigenous communities of proposed exploration projects; to obtain and to document the consent of the affected communities; and to execute a Memorandum of Agreement embodying the agreements of the proponent, the communities and the Philippine National Commission on Indigenous Peoples (NCIP).
    This application has been tendered to the NCIP central office. Informal communications with indigenous people and identification of the relevant communities for formal consultation have begun. The FPIC process is estimated to take between three to five months, depending on government timetables.
    TVIRD is negotiating the contract with an international service provider to conduct an airborne Transient Electromagnetic and Magnetic survey of the Greater Canatuan Project area. This survey will search for geophysical signatures of Volcanogenic Massive Sulphide (VMS) style mineralization. The contiguous TVIRD-owned tenements covering TVIRD's operating Canatuan mine and surrounding areas (in excess of 35,000 hectares, including Greater Canatuan) will also be flown.
    TVIRD believes this region has been underexplored for VMS-style mineralization and that other deposits of similar attributes to the Canatuan ore body may exist within this greenstone belt.
    www.tvipacific.com

  • PAPUA NEW GUINEA – New drilling contract

    Nautilus Minerals has signed a contract with the TSMarine Group of Companies to provide drilling services in the territorial waters of Papua New Guinea starting in October 2010.
    The drilling program will focus on improving the resource and geotechnical understanding at Solwara 1 as well as scout drilling at other prospects on the company's tenements in the Bismarck Sea.
    TSMarine will provide the vessel, operating crew, remotely operated vehicles and drilling equipment. The contract has a minimum value of about US$7 million, with options to extend based on success.
    It will use Rovdrill 3, a second generation seafloor drilling system, with the ability to drill 70mm core wireline holes up to 80 metres deep.
    Nautilus' CEO Stephen Rogers says: “The Rovdrill 3 gives Nautilus the capability to more fully test the resource potential of our seafloor massive sulphide systems in the Bismarck Sea. The drilling spread will also collect geotechnical data to optimize equipment design and extend the mine plan at Solwara 1.”
    TSMarine is an Australian-owned subsea oil and gas contractor providing a range of specialist services in deepwater construction, rigless intervention, and systems decommissioning.
    Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first project.
    The company's main focus is the Solwara 1 Project, which is in the territorial waters of PNG in the western Pacific Ocean.
    www.nautilusminerals.com

  • MONGOLIA – Argalant drilling starts

    Initial diamond core drilling has started at Voyager Resources’ Argalant Gold Project in Mongolia.
    The program is designed to test highly anomalous geophysical targets that were delineated from a recent induced polarization (IP) survey conducted over the area.
    The IP survey returned strong chargeability anomalies that may indicate significant sulphide mineralization that is associated with known areas of geochemical and structural anomalism.
    This includes 49.3 metres @ 0.50% copper from 23.7 metres in diamond drilling and historic rock chip sampling that has returned up to 191 grams/tonne gold and 10.3% copper.
    The Argalant gold project is about 900km west of the Mongolian capital, Ulaanbaatar. The property is 21sqkm in size and is in a similar geological setting to the nearby Golden Hills Gold-Copper Project.
    Golden Hills comprises massive sulphide bodies occurring within a favourable stratigraphical unit spanning more than 30km in length that can be seen to host shallow portions of oxidized massive sulphide bodies that are gold rich.
    Golden Hills has a defined NI 43-101 compliant measured and indicated resource of 431,750 ounces of gold, 3,901,496 ounces of silver and 186,422 tonnes of copper and an inferred resource of 711,321 ounces of gold, 3,497, 955 ounces of silver and 136,629 tonnes of copper.
    Voyager plans to complete about 1000 metres of diamond core drilling at Argalant in coming weeks.
    Voyager continues to focus on growing its gold business in Mongolia through the acquisition, funding and focused development of high quality gold projects.
    The start of drilling at Argalant is the second in a number of drill programs to be completed over the next six months, with reverse circulation drilling continuing at the high-grade Daltiin Ovor Gold Project and drilling to start at Voyager’s Tsagaan Chuluut and Tsagaan Gold Projects.
    www.voyagerresources.com

  • MONGOLIA – Hunnu buys Buyan interest

    Hunnu Coal has acquired a 60% interest in the Buyan Coal Project, which is within the giant Tavan Tolgoi Coking Coal Field in the Umnugobi Province of Mongolia.
    The granted exploration licence comprises 76 hectares and Hunnu is planning an aggressive exploration program in coming months as part of its coking coal exploration strategy in the South Gobi Region.
    The Tavan Tolgoi Coking Coal Field is estimated to host more than 6 billion tonnes of coking and thermal coal in the South Gobi region and there are operating mines within 10km of Buyan that are currently exporting coking coal to China.
    Energy Resources LLC annually mines about 2 million tonnes of raw coking coal from its UHG Mine, which is 5km to the south of the Buyan project.
    Energy Resources plans to increase the annual production at UHG to 5 million tonnes in 2010, while building a 5 million tonne coal washing plant and power plant on its mine site.
    Tavan Tolgoi Stock Holding Company, which is listed on the Mongolian Stock Exchange, also mines raw coking coal and exports to China.
    The Mongolian State-owned Erdenes MGL LLC owns the surrounding 5 mining licences with identified resources of about 6 billion tonnes of coking and thermal coal.
    The Buyan Coal Project is a strategic acquisition for Hunnu Coal in one of the world’s truly great coking coal fields.
    Existing infrastructure is in place, including a haulage road to the Chinese border, and plans are advanced for the construction of a rail line to China.
    www.hunnucoal.com

     

  • MALAYSIA – Funds for Selinsing

    Monument Mining intends to use the proceeds of a $12 million financing transaction to double the capacity of the gold treatment plant at the Selinsing project in Pahang State.
    The funds will also help to close Monument’s land acquisition program and re-commence exploration on its prospective exploration areas.
    The company has been diligently working towards closing the transaction since December 2009, a process that has taken longer than expected due to lengthy due diligence.
    Monument has two wholly-owned principal properties - Selinsing Gold Mine Project and Damar Buffalo Reef Prospect which are in Pahang State in the Central Gold Belt District of Malaysia.
    The Selinsing project commissioned the Phase I gravity section of its gold processing plant and has, since commissioning began in late 2009, produced more than 10,000 ounces of gold to May 31.
    Commissioning of the remaining Phase II CIL section of the plant is expected shortly, followed thereafter by an expected announcement of reaching commercial production.
    The company has the objective, once fully commissioned, to annually produce up to 40,000 ounces of gold, with intention to increase that by expansion of the treatment plant in Phase III which will more than double the plant capacity.
    Monument has also announced an affiliation with CHF Investor Relations for investor relations services.
    The company’s CEO and president Robert Baldock says, “Collaborating with CHF will be invaluable as Monument develops into a junior gold producer at the Selinsing Gold Project.
    “We are confident that CHF will introduce our story to a broader Canadian audience in the financial and investment communities.”
    www.monumentmining.com

  • KYRGYZ REPUBLIC – Improved Andash economics

    An update to the project financial model has resulted in Kentor Gold announcing improved economics for the Andash Gold Project.
    Further metallurgical test work conducted after the definitive feasibility study (DFS) was completed resulted in projected improvements of 3.5% in gold recovery and an increase in concentrate grade from 22% copper to 24.5% and from 60 grams/tonne gold to 72 grams/tonne.
    The higher concentrate grades also result in a reduction of unit concentrate transport costs and concentrate treatment charges.
    The 6MW ball mill that has been secured is 10% larger than anticipated in the DFS and will result in increased plant throughput. The mining and processing schedules have thus been revised to increase plant throughput by 6% compared to the DFS.
    In addition to the improved economics, the capital cost estimate has also been reduced to US$96 million compared to US$102 million in the DFS.
    This reduction is due to the following:
    • US$3 million has been spent to date on the engineering design and the project development.
    • The ball mill has been ordered which resulted in a saving of US$1 million compared with the amount budgeted in the DFS.
    • The additional metallurgical test work has also shown that the regrind mill is not required at start up and can be deferred until the expansion in year three when the project is treating a high proportion of primary ore. This results in a deferment in capital of US$1 million.
    • Optimization of the mining schedule has also reduced pre-production costs.
    Kentor Gold’s managing director Simon Milroy says, “It is pleasing to see that the capital cost estimate has been reducing as the project development advances. This gives a high degree of confidence that we have a robust estimate and the project can be completed within the budget.
    “Our engineers are doing an excellent job of completing the detailed design and have been able to improve the operability of the plant within the existing budget. An example of this is that they have designed an on-ground stockpile and reclaim tunnel which gives a vastly improved live capacity of the crushed ore stockpile without adding significant capital cost.”
    Despite the recent political upheavals in Kyrgyz Republic negatively affecting the timing of the project financing, none of the banks with which Kentor is talking with have withdrawn their interest and the company anticipates mandating a bank in the September quarter of 2010 to provide the debt finance.
    The short delays in the project financing are likely to lead to a delay in the development of the project by up to 6 months. The company now expects to begin site development during the September quarter of 2010 with mining expected to start in the June quarter of 2011 and commissioning in the March quarter of 2012.
    www.kentorgold.com.au

     

  • INVESTMENT – Armco in Apollo agreement

    China Armco Metals has formed a strategic relationship with Australian iron ore exploration company Apollo Minerals which involves subscription and offtake agreements.
    The subscription agreement will see Armco maintain up to a 19.9% interest in Apollo, raising Aus$4.3 million.
    These funds will be used to advance the Apollo’s iron ore exploration activities, to carry out processing option studies and to evaluate opportunities to access local infrastructure and other project opportunities.
    Apollo has also agreed to sell to Armco not less than 15% of the off-take from its flagship Mount Oscar iron ore project.
    Apollo’s chairman Sevag Chalabian says, “The Apollo Board welcomes the substantial investment by Armco and believes that this agreement has created an early strategic alliance for Apollo with potential customers in the rapidly growing Chinese iron ore and steel industries.”
    Before entering into the subscription agreement, Armco conducted an extensive due diligence, including a site visit to the Mount Oscar project. As a result Armco believes that Mount Oscar has the potential to become a significant iron ore project.
    Mount Oscar project is close to existing infrastructure and large iron ore projects in the Pilbara region of Western Australia and currently has an exploration target of 350 million to 650 million tonnes @ 30-37% iron.
    Stage 1 drilling identified significant iron mineralization. Following the recently completed geological structural mapping, which identified promising targets in the Banded Iron Formation horizons in the southern sections of the project area, sampling of these horizons has started and will be undertaken in conjunction with ongoing mineralogical and metallurgical studies.
    China Armco Metals is listed on the NYSE Amex. Through its subsidiaries, Armco imports, sells and distributes various metal ore and non-ferrous metals to the metal refinery industry in China. Its products include a range of metal ore, such as iron ore, coal, chrome ore, nickel ore, copper ore, scrap metal, and manganese ore.
    apollominerals.com.au

  • CONFERENCES – Focus on coal industry

    With demand for energy resources from Asia showing no signs of slowing down, Australia’s coal industry is continuing to benefit which makes the sixth Coaltrans Australia conference next month a must for anyone interested in the industry.
    Coaltrans Australia in Brisbane on August 16 and 17 will examine the impact of Australia’s new ‘Mining Resources Rent Tax’ on investment in its coal industry, which is particularly important considering that the new tax will apply to coal.
    It will also look at recent developments in the thermal and coking coal markets, focusing on prices in the remainder of 2010 and 2011.
    With the gloom of the global financial crisis now largely behind the industry, many of Australia’s previously postponed port and rail projects are now back on track.
    Yet despite this optimism there is also uncertainty, which has been increased by the new mining tax proposed a couple of months again but recently revised by new Prime Minister Julia Gillard. Government elections scheduled for later this year mean that Australia’s legislative policies are without a doubt top of the agenda.
    The issues on the conference agenda are:
    • What are the dangers of sovereign risk in light of key proposals such as the new Mining Resources Rent Tax?
    • How will the planned public listing of Queensland Rail impact on Australia’s export capacity?
    • How China and India are driving demand for Australia’s coal and how these demand trends are changing.
    Speakers include Rio Tinto Energy chief executive Doug Ritchie, QR National chief executive officer Lance Hockridge, Australian Coal Association executive director Ralph Hillman, Gujarat NRE Coke chairman and managing director Arun Kumar Jagatramka, Global Coal Limited chief operating officer Pat Markey, Gemcom AustralAsia services director Brian Spence and Aurecon Hatch general manager Ross Parslow.
    www.coaltrans.com

  • 3 PHILIPPINES – Promising Agata drilling

    Infill drilling on Mindoro Resources’ Agata Nickel Project continues to intersect thick nickel laterite mineralization with grades and thickness of potential economic interest.

    A total of 108 holes for 2038 metres have been completed from a detailed infill drilling program totalling 2500 to 3000 metres.

    More assay results have been received for 723 core samples from 36 holes, drilled on 25 x 25 metre and 50 x 50 metre patterns.

    The limonite horizon averages 1.13% nickel, 0.14% cobalt and 48% iron over an average thickness of 3.50 metres.

    Significant limonite intersections were 7.55 metres from 2 metres @ 1.36% nickel, 0.13% cobalt and 48% iron; 8.15 metres from 2.15 metres @ 1.20% nickel, 0.15% cobalt and 50% iron; 7.40 metres from 1 metre @ 1.21% nickel, 0.19% cobalt and 49% iron; 7.45 metres from 1.85 metres @ 1.17% nickel, 0.13% cobalt and 505 iron; and 7 metres from 2.85 metres @ 1.11% nickel, 0.13% cobalt and 42% iron.

    The underlying saprolite horizon averages 1.28% nickel over an average thickness of 7.96 metres. The more significant saprolite intersections were 28.2 metres from 2.2 metres @ 1.09% nickel, 0.01% cobalt and 8% iron; 18.85 metres from 4.10 metres @ 1.49% nickel, 0.02% cobalt and 9% iron; 20.35 metres from 3.3 metres @ 1.37% nickel, 0.03% cobalt and 9% iron; 10.2 metres from 5.5 metre @ 1.89% nickel, 0.03% cobalt and 12% iron; 15.7 metres from 1.4 metres @ 1.13% nickel, 0.01% cobalt and 8% iron; and 7.75 metres from 5.3 metres @ 1.85% nickel, 0.07% cobalt and 13% iron.

    The results to date include grades and thicknesses consistent with those previously reported. These continue to be of potential economic interest as potential direct shipping ore (DSO) nickel-iron limonite for the Chinese nickel-pig iron market and high grade transition to saprolite ore for Chinese Electric Arc Furnace (EAF) and/or other acid leach or ferronickel processing facilities in Australasia.

    Following the DSO detailed definition program Mindoro will begin drilling the regional nickel laterite exploration target in order to convert a significant proportion of the 50 million to 70 million DMT @ 0.9% to 1.2% nickel exploration target to NI 43-101 compliant mineral resource.

    www.mindoro.com

  • 6 PHILIPPINES – Greater Canatuan work

    An initial work program has been finalized by TVI Pacific’s affiliate TVI Resource Development Philippines Inc (TVIRD) and joint venture partner DMC-CERI for the Greater Canatuan Project area.

    The work program has been planned to lead to the exploration, development and production of mineral deposits in the area around the operating Canatuan mine.

    The joint venture partners have initiated three main activities under the work program:

    • Free Prior Informed Consent (FPIC) process;
    • Airborne geophysical survey; and
    • Completion of required processes of the Exploration Permit Application (EXPA).

    TVIRD has secured the endorsement of the local council and municipal authorities for the program. Once the FPIC process is completed, all requirements will have been fulfilled for the issuance of the exploration permit.

    The FPIC process is a Philippine government regulatory requirement for proponent firms to inform affected indigenous communities of proposed exploration projects; to obtain and to document the consent of the affected communities; and to execute a Memorandum of Agreement embodying the agreements of the proponent, the communities and the Philippine National Commission on Indigenous Peoples (NCIP).

    This application has been tendered to the NCIP central office. Informal communications with indigenous people and identification of the relevant communities for formal consultation have begun. The FPIC process is estimated to take between three to five months, depending on government timetables.

    TVIRD is negotiating the contract with an international service provider to conduct an airborne Transient Electromagnetic and Magnetic survey of the Greater Canatuan Project area. This survey will search for geophysical signatures of Volcanogenic Massive Sulphide (VMS) style mineralization. The contiguous TVIRD-owned tenements covering TVIRD's operating Canatuan mine and surrounding areas (in excess of 35,000 hectares, including Greater Canatuan) will also be flown.

    TVIRD believes this region has been underexplored for VMS-style mineralization and that other deposits of similar attributes to the Canatuan ore body may exist within this greenstone belt.

    www.tvipacific.com

  • 7 PAPUA NEW GUINEA – New drilling contract

    Nautilus Mineralshas signed a contract with the TSMarine Group of Companies to provide drilling services in the territorial waters of Papua New Guinea starting in October 2010.

    The drilling program will focus on improving the resource and geotechnical understanding at Solwara 1 as well as scout drilling at other prospects on the company's tenements in the Bismarck Sea.

    TSMarine will provide the vessel, operating crew, remotely operated vehicles and drilling equipment. The contract has a minimum value of about US$7 million, with options to extend based on success.

    It will use Rovdrill 3, a second generation seafloor drilling system, with the ability to drill 70mm core wireline holes up to 80 metres deep.

    Nautilus' CEO Stephen Rogers says: “The Rovdrill 3 gives Nautilus the capability to more fully test the resource potential of our seafloor massive sulphide systems in the Bismarck Sea. The drilling spread will also collect geotechnical data to optimize equipment design and extend the mine plan at Solwara 1.”

    TSMarine is an Australian-owned subsea oil and gas contractor providing a range of specialist services in deepwater construction, rigless intervention, and systems decommissioning.

    Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first project.

    The company's main focus is the Solwara 1 Project, which is in the territorial waters of PNG in the western Pacific Ocean.

    www.nautilusminerals.com

  • 8 MONGOLIA – Argalant drilling starts

    Initial diamond core drilling has started at Voyager Resources’ Argalant Gold Project in Mongolia.

    The program is designed to test highly anomalous geophysical targets that were delineated from a recent induced polarization (IP) survey conducted over the area.
    The IP survey returned strong chargeability anomalies that may indicate significant sulphide mineralization that is associated with known areas of geochemical and structural anomalism.

    This includes 49.3 metres @ 0.50% copper from 23.7 metres in diamond drilling and historic rock chip sampling that has returned up to 191 grams/tonne gold and 10.3% copper.

    The Argalant gold project is about 900km west of the Mongolian capital, Ulaanbaatar. The property is 21sqkm in size and is in a similar geological setting to the nearby Golden Hills Gold-Copper Project.

    Golden Hills comprises massive sulphide bodies occurring within a favourable stratigraphical unit spanning more than 30km in length that can be seen to host shallow portions of oxidized massive sulphide bodies that are gold rich.

    Golden Hills has a defined NI 43-101 compliant measured and indicated resource of 431,750 ounces of gold, 3,901,496 ounces of silver and 186,422 tonnes of copper and an inferred resource of 711,321 ounces of gold, 3,497, 955 ounces of silver and 136,629 tonnes of copper.

    Voyager plans to complete about 1000 metres of diamond core drilling at Argalant in coming weeks.

    Voyager continues to focus on growing its gold business in Mongolia through the acquisition, funding and focused development of high quality gold projects.

    The start of drilling at Argalant is the second in a number of drill programs to be completed over the next six months, with reverse circulation drilling continuing at the high-grade Daltiin Ovor Gold Project and drilling to start at Voyager’s Tsagaan Chuluut and Tsagaan Gold Projects.

    www.voyagerresources.com

  • 9 MONGOLIA – Hunnu buys Buyan interest

    Hunnu Coal has acquired a 60% interest in the Buyan Coal Project, which is within the giant Tavan Tolgoi Coking Coal Field in the Umnugobi Province of Mongolia.

    The granted exploration licence comprises 76 hectares and Hunnu is planning an aggressive exploration program in coming months as part of its coking coal exploration strategy in the South Gobi Region.

    The Tavan Tolgoi Coking Coal Field is estimated to host more than 6 billion tonnes of coking and thermal coal in the South Gobi region and there are operating mines within 10km of Buyan that are currently exporting coking coal to China.

    Energy Resources LLC annually mines about 2 million tonnes of raw coking coal from its UHG Mine, which is 5km to the south of the Buyan project.

    Energy Resources plans to increase the annual production at UHG to 5 million tonnes in 2010, while building a 5 million tonne coal washing plant and power plant on its mine site.

    Tavan Tolgoi Stock Holding Company, which is listed on the Mongolian Stock Exchange, also mines raw coking coal and exports to China.

    The Mongolian State-owned Erdenes MGL LLC owns the surrounding 5 mining licences with identified resources of about 6 billion tonnes of coking and thermal coal.

    The Buyan Coal Project is a strategic acquisition for Hunnu Coal in one of the world’s truly great coking coal fields.

    Existing infrastructure is in place, including a haulage road to the Chinese border, and plans are advanced for the construction of a rail line to China.

    www.hunnucoal.com

  • 10 MALAYSIA – Funds for Selinsing

    Monument Mining intends to use the proceeds of a $12 million financing transaction to double the capacity of the gold treatment plant at the Selinsing project in Pahang State.

    The funds will also help to close Monument’s land acquisition program and re-commence exploration on its prospective exploration areas.

    The company has been diligently working towards closing the transaction since December 2009, a process that has taken longer than expected due to lengthy due diligence.

    Monument has two wholly-owned principal properties - Selinsing Gold Mine Project and Damar Buffalo Reef Prospect which are in Pahang State in the Central Gold Belt District of Malaysia.

    The Selinsing project commissioned the Phase I gravity section of its gold processing plant and has, since commissioning began in late 2009, produced more than 10,000 ounces of gold to May 31.

    Commissioning of the remaining Phase II CIL section of the plant is expected shortly, followed thereafter by an expected announcement of reaching commercial production.

    The company has the objective, once fully commissioned, to annually produce up to 40,000 ounces of gold, with intention to increase that by expansion of the treatment plant in Phase III which will more than double the plant capacity.

    Monument has also announced an affiliation with CHF Investor Relations for investor relations services.

    The company’s CEO and president Robert Baldock says, “Collaborating with CHF will be invaluable as Monument develops into a junior gold producer at the Selinsing Gold Project.

    “We are confident that CHF will introduce our story to a broader Canadian audience in the financial and investment communities.”

    www.monumentmining.com

  • 11 KYRGYZ REPUBLIC – Improved Andash economics

    An update to the project financial model has resulted in Kentor Gold announcing improved economics for the Andash Gold Project.

    Further metallurgical test work conducted after the definitive feasibility study (DFS) was completed resulted in projected improvements of 3.5% in gold recovery and an increase in concentrate grade from 22% copper to 24.5% and from 60 grams/tonne gold to 72 grams/tonne.

    The higher concentrate grades also result in a reduction of unit concentrate transport costs and concentrate treatment charges.

    The 6MW ball mill that has been secured is 10% larger than anticipated in the DFS and will result in increased plant throughput. The mining and processing schedules have thus been revised to increase plant throughput by 6% compared to the DFS.

    In addition to the improved economics, the capital cost estimate has also been reduced to US$96 million compared to US$102 million in the DFS.

    This reduction is due to the following:

    • US$3 million has been spent to date on the engineering design and the project development.
    • The ball mill has been ordered which resulted in a saving of US$1 million compared with the amount budgeted in the DFS.
    • The additional metallurgical test work has also shown that the regrind mill is not required at start up and can be deferred until the expansion in year three when the project is treating a high proportion of primary ore. This results in a deferment in capital of US$1 million.
    • Optimization of the mining schedule has also reduced pre-production costs.

    Kentor Gold’s managing director Simon Milroy says, “It is pleasing to see that the capital cost estimate has been reducing as the project development advances. This gives a high degree of confidence that we have a robust estimate and the project can be completed within the budget.

    “Our engineers are doing an excellent job of completing the detailed design and have been able to improve the operability of the plant within the existing budget. An example of this is that they have designed an on-ground stockpile and reclaim tunnel which gives a vastly improved live capacity of the crushed ore stockpile without adding significant capital cost.”

    Despite the recent political upheavals in Kyrgyz Republic negatively affecting the timing of the project financing, none of the banks with which Kentor is talking with have withdrawn their interest and the company anticipates mandating a bank in the September quarter of 2010 to provide the debt finance.

    The short delays in the project financing are likely to lead to a delay in the development of the project by up to 6 months. The company now expects to begin site development during the September quarter of 2010 with mining expected to start in the June quarter of 2011 and commissioning in the March quarter of 2012.

    www.kentorgold.com.au

  • 12 INVESTMENT – Armco in Apollo agreement

    China Armco Metals has formed a strategic relationship with Australian iron ore exploration company Apollo Minerals which involves subscription and offtake agreements.

    The subscription agreement will see Armco maintain up to a 19.9% interest in Apollo, raising Aus$4.3 million.

    These funds will be used to advance the Apollo’s iron ore exploration activities, to carry out processing option studies and to evaluate opportunities to access local infrastructure and other project opportunities.

    Apollo has also agreed to sell to Armco not less than 15% of the off-take from its flagship Mount Oscar iron ore project.

    Apollo’s chairman Sevag Chalabian says, “The Apollo Board welcomes the substantial investment by Armco and believes that this agreement has created an early strategic alliance for Apollo with potential customers in the rapidly growing Chinese iron ore and steel industries.”

    Before entering into the subscription agreement, Armco conducted an extensive due diligence, including a site visit to the Mount Oscar project. As a result Armco believes that Mount Oscar has the potential to become a significant iron ore project.

    Mount Oscar project is close to existing infrastructure and large iron ore projects in the Pilbara region of Western Australia and currently has an exploration target of 350 million to 650 million tonnes @ 30-37% iron.

    Stage 1 drilling identified significant iron mineralization. Following the recently completed geological structural mapping, which identified promising targets in the Banded Iron Formation horizons in the southern sections of the project area, sampling of these horizons has started and will be undertaken in conjunction with ongoing mineralogical and metallurgical studies.

    China Armco Metals is listed on the NYSE Amex. Through its subsidiaries, Armco imports, sells and distributes various metal ore and non-ferrous metals to the metal refinery industry in China. Its products include a range of metal ore, such as iron ore, coal, chrome ore, nickel ore, copper ore, scrap metal, and manganese ore.

    apollominerals.com.au

  • 13 CONFERENCES – Focus on coal industry

    With demand for energy resources from Asia showing no signs of slowing down, Australia’s coal industry is continuing to benefit which makes the sixth Coaltrans Australia conference next month a must for anyone interested in the industry.

    Coaltrans Australia in Brisbane on August 16 and 17 will examine the impact of Australia’s new ‘Mining Resources Rent Tax’ on investment in its coal industry, which is particularly important considering that the new tax will apply to coal.

    It will also look at recent developments in the thermal and coking coal markets, focusing on prices in the remainder of 2010 and 2011.

    With the gloom of the global financial crisis now largely behind the industry, many of Australia’s previously postponed port and rail projects are now back on track.

    Yet despite this optimism there is also uncertainty, which has been increased by the new mining tax proposed a couple of months again but recently revised by new Prime Minister Julia Gillard. Government elections scheduled for later this year mean that Australia’s legislative policies are without a doubt top of the agenda.

    The issues on the conference agenda are:

    • What are the dangers of sovereign risk in light of key proposals such as the new Mining Resources Rent Tax?
    • How will the planned public listing of Queensland Rail impact on Australia’s export capacity?
    • How China and India are driving demand for Australia’s coal and how these demand trends are changing.

    Speakers include Rio Tinto Energy chief executive Doug Ritchie, QR National chief executive officer Lance Hockridge, Australian Coal Association executive director Ralph Hillman, Gujarat NRE Coke chairman and managing director Arun Kumar Jagatramka, Global Coal Limited chief operating officer Pat Markey, Gemcom AustralAsia services director Brian Spence and Aurecon Hatch general manager Ross Parslow.

    www.coaltrans.com

     

  • Leader in underground mine vehicle technology

    Anchises Technology has become known as the Chinese leader in Underground Mining Vehicle technologies and since the company started in 1982, it has been at the forefront of eight leading industry innovations for underground trackless equipment.
    The company markets its underground mine vehicles under the trade name SinoMe.
    This year, Anchises has expanded its range of products and services to Africa and Australia setting up a distributorship and maintenance and support base in both South Africa and Australia.
    In 1982, Anchises introduced electric underground load haul dump trucks to China. Nine years later the company developed China’s first electric underground loaders which had a bucket capacity of 4 cubic metres.
    In 1997 the company developed China’s first multi-disk wet brake and has holds three patents over this technology. The following year, the company developed China’s first civil aviation medium-sized aircraft towing tractor. In the same year, Anchises developed the first underground low profile dump truck with a hauling capacity of 25 tons in China.
    In 2002 the company became the first private enterprise to manufacture and supply underground trackless equipment in China.
    In 2004, the company launched a series of underground trackless equipment using its own proprietary designs. Later that year, the company made its first export of a 2 cubic metre capacity underground loader to South America..
    In 2005, the company became the first manufacturer to establish a research centre for underground mining vehicle technologies in China.
    Anchises Technology president Maolin Feng says: “Our technology is based on vehicle technology, engine drive lines, hydraulics, brake systems, safety and tyres.
    “We have a very strong design in drive lines including engines, converters, transmission and axles,” Maolin Feng says.
    “We do not incorporate high technological components in our equipment, rather we simplify the working mechanisms because companies are looking for good performance, quality and above all easy maintenance. This has been ideal for the smaller mine operators.”
    Anchises Technology Sino Me range of underground mine vehicles is growing at an average rate of 25% year on year. During the 2007-2008 year, sales were 60% domestic and 40% international, however during last year’s global downturn, sales were predominantly to the domestic market.

    SinoMe underground vehicle range of products

    Loaders
    ACY-15 Diesel Underground Loader
    ACY-2 Diesel Underground Loader
    ACY-3 Diesel Underground Loader
    ACY-4 Diesel Underground Loader
    ACY-6 Diesel Underground Loader
    ADCY-15 Electric  Underground Loader
    ADCY-2 Electric  Underground Loader
    ADCY-3L Electric  Underground Loader

    Dump trucks
    AJK-10 Dump Truck
    AJK-12 Dump Truck
    AJK-15 Dump Truck
    AJK-20 Dump Truck
    AJK-25 Dump Truck

    Explosion-proof underground vehicles
    ACY-2FB Explosion-proofing LHD
    WC5E Vehicle

    For more information on the Anchises range or SinoMe LHD vehicles contact:

    Africa: Errol Senekal, Phone: +27 1 84694440; Fax: 018 469 2424; Mobile: +27 832513822; [email protected] or [email protected] www.bondquip.com

    Australia and South East Asia: ASIA’s Resource Connections, Mackay, Queensland; Phone: +61 431 676 703 or email: [email protected]

    China Sales Support:  Ms. Qian Helin, Tel: +86 10 51908068, Fax: +86 10 519 9067, email: [email protected]

Resource Center Whitepapers, Videos, Case Studies

Conferences & Events

No events