BAUXITE – Tasmanian applications

Australian Bauxite Limited has applied for eight new bauxite exploration tenements in Tasmania covering a total area of 1508sqkm and containing good quality bauxite in favourable settings for potential development.
The tenements in the north and north-east of Tasmania have potential to add significant resources to the company’s existing tenements in eastern Australia.
Sampling by the company has returned some of the best quality results of any bauxite areas sampled to date in the extensive Eastern Australia Bauxite Province.
The eight new applications meet the company’s rigorous corporate selection criteria – good quality bauxite; near infrastructure including rail, ports, power, water and industrial centres; and, free of socio- environmental and native title land constraints.
The company’s CEO Ian Levy says Tasmania’s proud mining heritage rivals NSW and Queensland, and Tasmania has the advantage of very short haul distances by rail to export ports that have capacity for increase export volumes.
He says, “These unexpectedly high quality bauxite discoveries are especially exciting because they are all in cleared land and near to rail transport networks leading directly to major ports in a state with a well- developed mining sector. There are also coal mines and an aluminium smelter nearby which could assist in making the processing of bauxite in Tasmania attractive.
“Because of this major expansion in our tenement areas, we intend to step-up our exploration efforts to accelerate the rate of expansion in our JORC-compliant resources and to establish project prioritization.
“These new discoveries of bauxite demonstrate that the disciplined work by our exploration team led by Jacob Rebek since 2008, and Tamara Coyte in Tasmania, has given us control of the core of the Eastern Australian Bauxite Province which we believe contains better bauxite than most bauxites worldwide.”
www.australianbauxite.com.au

CHINA – Beiya mineralization extended

Drilling at Asia Now Resources’ Beiya North target adjacent to the operating open-pit Beiya Gold Mine has extended gold/silver mineralization.
Beiya is the largest gold mine in Yunnan Province with annual production capacity of 100,000 ounces. The mine is being expanded to double current production.
Six of seven holes drilled in the latest program intersected significant gold/silver mineralization. All holes were drilled vertically, each stepping out 80 to 160 metres from others, and have expanded the main gold-silver zone by 120 metres.
One hole intersected a 270 metre mineralized zone including 78.5 metres @ 0.65 grams/tonne gold, 30 grams/tonne silver and 0.26% copper; 13.5 metres @ 1.49 grams/tonne gold and 0.71% lead; 3.4 metres @ 1.08 grams/tonne gold, 94.7 grams/tonne silver and 1.86% copper; and 7.3 metres @ 2.35 grams/tonne gold, 51.5 grams/tonne silver and 0.48% copper.
Another hole intersected 20.6 metres @ 1.48 grams/tonne gold, 69.2 grams/tonne silver and 5.2% combined lead and zinc; and 1.5 metres @ 10.3 grams/tonne gold, 220 grams/tonne silver and 15.5% combined lead and zinc.
Another intersected 7.6 metres @ 4.75 grams/tonne gold and 56.2 grams/tonne silver; and 0.48 metres at 11.0 grams/tonne gold, 234 grams/tonne silver and 25.5% combined lead and zinc. Another intersected 4.6 metres @ 1.55 grams/tonne gold, 218.3 grams/tonne silver and 9.5% combined lead and zinc; and1.5 metres @ 2.20 grams/tonne gold, 413 grams/tonne silver and 14.3% combined lead and zinc.
Intersections from another two holes includes 1.5 metres @ 0.46 grams/tonne gold, 155 grams/tonne silver and 17.4% combined lead and zinc; and 4.2 metres @ 1.72 grams/tonne gold, 37.5 grams/tonne silver and 6.4% combined lead and zinc.
The main gold-silver zone has now been confirmed to extend at least 780 metres from the mining lease of the open-pit Beiya Gold Mine, and is open to the north and west on Asia Now's property.
All the mineralization zones intersected so far are in the oxidized zone that locally extends below 450 meters from surface.
Asia Now's President, Kaihui Yang, says: "We are very pleased with the drilling results in 2009, particularly the discovery of a mineralized zone up to 270 meter drill intercept at Beiya North. This is within the previously-identified 13km by 2km gold belt with potential for multiple large mineralization systems including the producing mine.
“We are compiling the drilling, geophysical and geological data and planning drilling program with the aim of defining the economic resource of the main gold zone. The program is meeting expectations."
www.asianow.ca

COMPANY NEWS – MBE engineering purchase

Humboldt Wedag Coal & Minerals Technology, a subsidiary of KHD HUMBOLDT WEDAG, has been acquired by Indian plant construction company McNally Bharat Engineering Company (MBE).
The new company, MBE Coal & Minerals Technology, is headquartered in Cologne, Germany, and still provides the benefits of more than 150 years of experience.
During this time the company has become a leader in the planning, delivery and construction of plants and equipment for mineral and coal processing.
Little has changed for the company apart from the name and the colour of the logo.
The long engineering tradition continues to provide specialist know-how, state of the art technology, skilled employees and comprehensive service.
McNally Bharat Engineering Company is one of the leading plant construction companies in India with headquarters in Calcutta.
With subsidiaries in South Africa, India, Russia, China and Brazil, which together employ around 200 people, MBE Coal & Minerals Technology offers in-house solutions for comprehensive delivery and service in the field of minerals and coal preparation. These range from the first consultation and feasibility studies to facility design, engineering, equipment delivery, installation and thorough user training.
Products and services include customized plants and equipment for coal processing configured according to the raw material either with jig technology using ROMJIG and/or BATAC jig or with the heavy media separation process utilizing heavy media separators, vibration screeners and magnetic separators.
For mineral processing MBE Coal & Minerals Technology offers BATAC jig with JONES and PERMOS magnetic separators as well as the pneumatic flotation PNEUFLOT.
Peripheral equipment required in connection with the grading processes for coal and minerals include proprietary cone crushers, hammer mills, impact crushers and rod mills as well screening machine models USL and USK.
The vibration mill model PALLA is used for the wet, dry, inert or low-temperature crushing of various materials in minerals, metal and coal processing as well as crushing processes in the glass, cement, chemical, ceramic, paint and food processing industries.
www.mbe-cmt.de

CONFERENCES – Australia-China interaction

A conference in South Australia later this year aims to help Australian and Chinese companies and investors achieve successful business outcomes in the resources industry.
The second annual Australian Resources Chinese Investment Congress will be held at the Grand Stamford Hotel in the Adelaide beachside suburb of Glenelg on July 15 and 16.
It will enable potential investors to gain an insight into investment opportunities in Australian resources, including the mining sector with emphasis on uranium, the oil and gas sector, and renewable energy such as wind and geothermal.
Organisers Apollo Global and Vertical Events believe that the two-day congress will increase dialogue between China and Australia.
It will address the latest issues affecting the resources sector as well as the legal and commercial issues of doing business between Australia and China.
It will look at best practice models and case studies, and will provide an economic outlook for future growth. There will also be opportunities for one-on-one meetings.
The major sponsor is the Government of South Australia’s Primary Industries and Resources SA while other sponsors are Norman Waterhouse Lawyers, the Australian China Business Council, the SA Government’s Department of Trade and Economic Developments, the South Australian Chamber of Mines and Energy, and The ASIA Miner ®.
For information and registrations visit www.verticalevents.com.au

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