AFGHANISTAN – Hajigak tender call

Afghanistan’s Ministry of Mines is conducting an open tender for multiple exploration concessions that comprise the Hajigak iron deposit.

The tender process for three or more exploration concession blocks is expected to culminate in the granting of exploration concessions in late February 2011.

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BAUXITE - Refinery deal supported

Bauxite Resources' shareholders have overwhelmingly supported an agreement to exchange access to alumina product with Yankuang Corporation for the building and construction of an aluminium refinery in the south-west of Western Australia (WA).

Previously the company had a strategy dependant on cash generation from direct shipping of bauxite to build a base for secondary processing including an alumina refinery, but the agreement now represents an opportunity to deliver value by securing finance with strategic partner Yankuang.

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BAUXITE - Taralga resource doubled

A drilling program at Australian Bauxite's Taralga project in the Southern Highlands of New South Wales has doubled the bauxite resource to 12 million tonnes.
The follow-up drilling was aimed at assessing the general potential for easily mined bauxite zones of direct shipping ore (DSO) grades.

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CHINA - Erbahuo silver production

Silver Dragon Resources will begin production at the Erbahuo Silver Mine in Wengniute County, Inner Mongolia, during the second quarter of 2011.

The mine will be an open pit, heap leach process and is scheduled to produce dore silver bars by the third quarter of 2011, which will be sold to smelters for further refining.1

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  1. CHINA - Midu interest sold

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