• ONLINE AUCTION – 40 dump trucks available

    GoIndustry Dovebid is hosting an online auction of more than 40 unused and used dump trucks from a mine in thhe Philippines.

    GoIndustry DoveBid is a leading asset auctioneer and valuing company. The auction includes 20 articulated dump trucks and 21 dump trucks from a mine in the Philippines.

    The sale consists of used and unused units, which are all 2007 models and in very good condition. The used equipment has all been serviced every 500 hours.

    The trucks in this sale include Komatsu (14) and Caterpillar (6) ADTs and Hyundai (4) and Scania (17) dump trucks. All Scania and six Komatsu trucks are unused.

    The auction closes on August 13, 2008 at 18:00 hours local time on www.goindustry.com

  • KAZAKHSTAN – Phosphate production could begin this year

    Sunkar Resources could begin production of phosphate concentrate from the Chilisai deposit in north-west Kazakhstan later this year if all goes to plan.

    Chilisai is one of the largest known deposits in the Former Soviet Union with a resource of 800 million tonnes of phosphate containing ore in the company’s licence area.

  • PHILIPPINES – Mindoro acquires remaining Batangas interest

    Mindoro Resources is acquiring the remaining 49% interest in the Batangas porphyry copper-gold tenements in the Philippines.

    Mindoro’s wholly owned subsidiary, MRL Gold Phils, has entered into a Letter of Intent with Egerton Gold Philippines to acquire the remaining direct and indirect interest.

    The acquisition will open the door for greater flexibility in structuring joint ventures and advanced stage negotiations have already resumed with several companies.

  • INDONESIA – Drilling extends Binebase gold mineralization

    Recent infill and extension drilling at East Asia Minerals’ Binebase Project on Sangihe Island, Sulawesi, Indonesia has extended the near-surface oxide gold zone 300 metres southeast of previous drilling.

    Results from the drilling include 39.0 metres @ 1.06 grams/tonne gold, including 8 metres @ 3.25 grams/tonne gold and the Binebase Gold Zone remains open to the south and southeast.

  • CHINA – Drilling resumes at Dadiangou

    Diamond drilling has resumed at Jinshan Gold Mines’ Dadiangou Gold Project in Gansu Province, China, in a program designed to upgrade and expand resources within the main zone.

    Jinshan has identified an inferred resource at the Dadiangou Main Zone of 26.3 million tonnes @ 0.92 grams/tonne gold for 778,000 contained ounces.

  • KYRGYZSTAN – Survey identifies 15 uranium targets

    An induced polarization (IP) survey at Nimrodel Resources’ Batken prospect in southern Kyrgyzstan has identified 15 high priority anomalies conducive to roll-front uranium mineralization.

    The Australian-based uranium company ran the initial IP survey over five high-priority radiometric anomalies identified at the Batken exploration licences.

    The 15 discreet IP anomalies are associated with the principal target horizons for roll-front uranium mineralization of Palaeogene to Cretaceous age.

  • CHINA - Technology first for alumina producer

    The Aluminium Corporation of China (Chalco) will install automated, quantitative particle analysis and identification software at its Zhengzhou Research Institute in China’s Henan Province.

    Installation of the QEMSCAN software will see Chalco become the world’s first alumina producer to adopt leading-edge automated mineralogy for research and development.

    QEMSCAN is the flagship product of technology developer Intellection.

  • CHINA – BioHeap feasibility study begins at Huogeqi

    A study has started into the feasibility of utilizing Pacific Ore Limited’s BioHeap technology on a commercial scale at the Inner Mongolia Western BioHeap Company’s (IMWBC) Huogeqi copper project in China.

    IMWBC is a joint venture between Pacific Ore Limited and Western Mining Joint Stock Company (WMC) and operates the Huogeqi project.

  • GOLD – 60% increase in Salt Creek resource

    A 60% increase in the Salt Creek gold deposit resource estimate has taken the inventory at Integra Mining’s Aldiss-Randalls Gold Project in Western Australia to 1.8 million ounces.

    The new estimate for Salt Creek is 4.6 million tonnes @ 2.7 grams/tonne gold for 400,000 contained ounces, which has lifted the consolidated estimate for Aldiss-Randalls to 20 million tonnes @ 2.7 grams/tonne gold.

  • NICKEL – Drilling extends Durkin North deposit

    Drilling at Mincor Resources’ Durkin North project in Western Australia has intersected high-grade massive and matrix nickel sulphides 80 metres beyond the boundary of the current mineral resource.

    The results at Durkin North, formerly Durkin Deeps, continue Mincor’s run of exploration success in the Kambalda region with the confirmation of down-plunge extensions at its Otter Juan Mine and a potential new discovery at its Mariners Mine in the past two months alone.

  • IRON ORE-MANGANESE – BHP resources increase

    New estimates have increased the iron ore and manganese reserves of a number of BHP Billiton properties.

    The mineral resource at Western Australia Iron Ore increased by 46% and the ore reserve by 23% while the mineral resource at Samarco Mineracao has increased by 11% and the ore reserve by 30%, and at Samancor Manganese in South Africa the mineral resource has increased by 82%.

  • MERGERS & ACQUISITIONS – Western accepts Tinpo offer

    The offer of Tinpo Holdings Industrial Company for Western Prospector Group has been accepted with Western’s equity valued at about Can$74 million.

    The Tinpo offer represents an 86% premium to Western's closing price of Can$0.72 on July 14 and a 168% premium to Western's closing price of Can$0.50 on May 9, which was the last trading day prior to the unsolicited takeover bid by Khan Resources Inc. It also represents a 130% premium to Khan's bid.

  • MOVERS & SHAKERS – New director for Padaeng

    Thai company Padaeng Industry has appointed Madhu Koneru as a new member of its board of directors.

    Madhu Koneru, who is also executive director of Trimex International, has been in the mining industry for 13 years and has experience spanning different areas of mining supply chain operation, including processing, shipping, marketing and R&D.

  • MOVERS & SHAKERS – New Moly Mines technical director

    Moly Mines has appointed David Nixon to the company’s board where he will serve as technical director.

    David Nixon brings strong large mining project construction experience in Western Australia, in particular in the Pilbara region, and has intimate knowledge of the Spinifex Ridge Molybdenum Project, serving on the steering committee for the mine development.

    He is a mechanical engineer with 40 years experience in the mining and construction industries in Australia, southern Africa, New Zealand, Canada and Indonesia. His initial training was with De Beers in the diamond industry in South Africa and he came to Australia in 1980 for development of the Argyle diamond mine.

  • Product of the month

    In our Product News of the Month we feature Linatex, global supplier of rubber products to the mining industry.

    The ASIA Miner deputy editor John Miller discusses with Linatex global rubber product manager Tony Siric the qualities of Linatex products, what makes them unique, how they are tested and the advantages of using them in the mining industry.

  • MONGOLIA – Report identifies coal suitable for open pit mining

    An independent resource report for Western Prospector Group’s Bayanbulag coal deposit in Mongolia identifies brown or thermal coal in a horizontal, near-surface seam suitable for open pit mining.

    The report, which was required for regulatory purposes, was filed with the Mineral Resources and Petroleum Authority of Mongolia as Western readies the deposit for production.

  • LAOS – Commercial production begins at Phu Kham

    Pan Australian Resources has started commercial copper-gold concentrate production from the Phu Kham Project in Laos with the first shipment of 10,000 tonnes of concentrate scheduled for this month.

    The first sale of 5000 tonnes of concentrate was made in June following delivery to the company’s storage facility at Sriracha Harbour in Thailand and returned revenue of US$11.7 million.

  • INDONESIA – Coal stake for Australia Oriental Minerals

    Australia Oriental Minerals (AOM) and its major shareholder Malaysia Smelting Corporation Berhad (MSC) will each acquire a 30% interest in Asiatic Coal which has rights in a mining concession in Central Kalimantan, Indonesia, that is prospective for coal.

    The 4000 hectare concession is in an area of coal basins and within a region of anthracite/high bituminous coal.

  • PNG - Nautilus resumes exploration program

    Nautilus Minerals has resumed its exploration program in the territorial waters of Papua New Guinea and Tonga utilizing the vessel Nor Sky.

    The 2008 program comprises a minimum of 165 days with four 30-day extension options at Nautilus' discretion. Field work will use the proven equipment spread and techniques employed in the company's successful 2007 program.
  • PHILIPPINES – TVI gears up for Canatuan Sulphide Project start

    Construction work at the Canatuan Sulphide Project in the Philippines is continuing on schedule as TVI Pacific gears up for a fourth quarter production start date.

    At the mill facility portion of the gossan plant are being deconstructed and additional equipment added for the sulphide phase.

  • CHINA – Leyshon considers Hong Kong listing

    Leyshon Resources is considering a secondary listing on the Stock Exchange of Hong Kong Limited (SEHK).

    The principal business of Leyshon is gold mining in China and it has commenced development of a major gold mine in Heilongjiang province in the north-east of the country by way of a Sino Foreign joint venture with the Qiqiha’er Brigade of the Heilongjiang Bureau of Geology and Mineral Resources.

  • INDONESIA – Early coal production targeted at East Kutai

    Churchill Mining aims to bring forward the first stage of production at the East Kutai Coal Project in Kalimantan, Indonesia, by 12 months to the end of 2009.

    The early completion of a scoping study has enabled the company to consider bringing production forward.

    Churchill is now beginning the full feasibility study phase and has decided on a staged approach to developing the thermal coal mine.

    The scoping study, which started earlier this year, has some very positive results. It detailed various alternatives for mine development, crushing and stockpiling at site, transporting the coal from site to port and the port facilities and port location.

    After taking into consideration the likely long term price rise in diesel and other costs associated with the total road haulage option, the study concluded that a combination of haulage road and conveyor is the most profitable means for the final transportation system from mine to port.

  • BAUXITE - Cape Alumina doubles resource at Pisolite Hills

    Bauxite resources have doubled to 100.8 million tonnes at Cape Alumina’s Pisolite Hills project on the Weipa bauxite plateau of western Cape York, Queensland.

    A new resource statement outlines an insitu mineral resource of 75.8 million tonnes of indicated and 25 million tonnes of inferred bauxite. It is the first update since the maiden resource statement in January 2007 and is based on drilling undertaken in 2006 and 2007.

    Cape Alumina CEO Dr Paul Messenger says the statement provides increased confidence of the scale of the deposit and its export quality. “We see the potential for an initial 10-15 year operation at Pisolite Hills and the new statement will form a key component of our preliminary feasibility study which we expect to complete this month.

  • COAL – Red Hill boasts 75 million tonnes of coal

    An initial resource statement for Aquila Resources’ Red Hill Coal Project in Queensland shows the project has 75 million tonnes of insitu coal.

    Red Hill is towards the western side of the northern Bowen Basin, about 45km north of the town of Moranbah and between the Goonyella and Burton Coal operations.

    Since September 2007, Aquila has completed a review of available open file information and a field program including five 100mm partially cored quality holes and 5800 metres of drilling within the project area.

  • IRON ORE – Rio to lift Pilbara capacity to 320 million tonnes

    Rio Tinto has embarked on a program to lift the annual capacity of its Pilbara iron ore operations to 320 million tonnes by 2012.

    The first step has been approval of funding of US$667 million in infrastructure and studies for mine expansions.

    US$518 million will fund the early commencement of infrastructure works and acquisition of long-lead items such as heavy mobile equipment.

  • ZINC-LEAD – Significant mineralization at Myrtle prospect

    Rox Resources has confirmed the discovery of significant zinc-lead mineralization at the Myrtle prospect on the Reward project tenement in the Northern Territory.

    Significant zinc-lead mineralization in multiple horizons has been intersected in 3 of the 4 holes drilled at Myrtle to date.

  • MOVERS & SHAKERS – New executive appointments for Mindoro

    Mindoro Resources has appointed Penny Gould as president and Eugene Zarowny as chief financial officer while Tony Climie will add the role of chief operating officer to his existing role of chief executive officer.

  • MOVERS & SHAKERS – New OMH non executive director

    OM Holdings has appointed experienced businessman Wong Fong Fui as an independent non executive director.

    Wong Fong Fui is a respected Singapore-based businessman with a track record of success in a number of diverse fields including engineering services, commercial aviation, education, food manufacturing and retail, information technology and telecommunications.

  • PNG – Significant Pigiput Ridge intercept

    Recent drilling at Allied Gold’s Pigiput East prospect on its Simberi Project in Papua New Guinea has intersected a 16 metre zone grading 15.12 grams/tonne gold from 15 metres depth.

    The drill hole was one of 11 reverse circulation holes drilled to target a gold in soil anomaly identified in 2007 in a new zone about 250 metres northeast of the Pigiput oxide pit.

  • INDONESIA – Significant gold samples at Miwah

    Trench sampling at East Asia Minerals’ Miwah Gold-Copper Project in Aceh Province, North Sumatra, Indonesia, has encountered significant gold mineralization, including 14 metres of 9.41 grams/tonne gold.

  • KYRGYZ REPUBLIC – Encouraging Sayoyardy gold intersections

    Underground drilling at Kentor Gold’s Savoyardy Gold Project in the Kyrgyz Republic has encountered promising high grade gold intersections.

    Strong assay results from the first two holes of a 4500 metre diamond drilling program include intersections of 9.4 metres @ 13.3 grams/tonne gold and 5.5 metres @ 12.8 grams/tonne gold.

  • PHILIPPINES – Kamarangan drilling to start

    Drilling is expected to start this month at Medusa Mining’s Kamarangan gold, iron and copper prospect in the Philippines after the company received exploration permits.

    Potential mineralization types at Kamarangan are hosted by various skarns that have been interpreted to cover an area about 1200 metres by up to 1000 metres where alluvial gold workings are widespread. The skarns are developed in shallow dipping and banded limestones.

  • MONGOLIA – Gurvanbulag mill design improved

    Western Prospector Group has designed a simplified method for processing uranium ore at its Gurvanbulag deposit in Mongolia, which is expected to result in lower capital and operating costs for the on site processing mill.

  • PHILIPPINES – Gambang drilling to start

    The first portion of Royalco’s Gambang exploration permit in the Central Cordillera, on the island of Luzon in the Philippines, has been granted.

    Arrangements are now being finalized to have the drill rig at the company’s Pao tenement moved to this region as a matter of priority.

  • URANIUM - Areva consolidates Kazakhstan role

    Areva has signed a strategic agreement with Kazatomprom to increase its role in Kazakhstan.

    The agreement will expand the existing Katco joint venture in which Areva has a 51% interest and which has been funded by Areva, from mining 1500 tonnes of uranium per year to 4000 tonnes per year and sets up Areva to handle all sales from it.

  • IRON ORE - Rio Tinto prices underline steel trends

    Increases of up to 96.5% in Australian iron ore prices obtained by Rio Tinto from China’s Baosteel reflect a number of interesting steel industry trends – the demand for resources to fuel China’s growth, the rising cost of freight and growing use of the over-the-counter market for spot iron ore.

  • COAL – Increased resource at Belvedere project

    A new resource statement for the Belvedere Coal Project in Queensland shows an increase of 1211 million tonnes on the initial resource statement.

    Aquila Resources, which has a 24.5% interest in the project, says the total indicated and inferred resources for Belvedere now total 3866 million tonnes, including 1526 in the indicated category
  • NICKEL – Infill drilling confirms integrity of deposit

    Infill resource diamond drilling at Breakaway Resources’ The Horn nickel sulphide deposit in Western Australia has confirmed that the deposit appears to be internally robust with a number of favourable mining features.

    The first stage of infill drilling has also broadly confirmed the original inferred resource geological model and the company will now undertake a scoping study to justify the final stage of work to progress The Horn to a rapid development decision.

    In addition, work on three metallurgical samples is progressing as planned with analysis of the samples and test work being undertaken now.

  • PHOSPHATE – High-grade Marqua mineralization extended

    Field work and re-assays at Uramet’s Marqua Project in the Northern Territory and Queensland have extended the phosphate discovery zone along 25km of strike length.

    The Marqua Project area is within the southern Georgina Basin and is about 450km east of Alice Springs. The area comprises the two Boat Hill tenements and the Desert Syncline tenement in the Northern Territory plus the two Toko tenements in Queensland.

    The field team visited the western Boat Hill tenement, within the Cambrian Thorntonia Limestone unit. At Foss Hill, the nature and extent of previously known high-grade phosphorite mineralization was defined, at Coquina Creek, Library Ridge and White Hill, additional high-grade phosphorite sites were discovered, and at Mauritania where phosphate mineralization was previously recorded, anomalous phosphate was identified which requires further investigation.

  • MOLYBDENUM - US$270 million investment in new facility

    The urbanization and industrialization of China and India has increased demand for molybdenum and Rio Tinto will help meet demand through construction of a US$270 million Molybdenum Autoclave Process (MAP) facility at its Kennecott Utah Copper (KUC) Bingham Canyon operation in Salt Lake City, USA.

  • MOVERS & SHAKERS – New joint CEO for OMH

    OM Holdings will strengthen its senior management team with the appointment of former senior BHP Billiton executive Peter Toth as joint chief executive officer.

    Peter Toth, who will leave his current position as marketing director, Carbon Steel Materials, for BHP Billiton in Singapore, will work with OMH’s long-serving CEO Low Ngee Tong, in driving the company’s continued growth and expansion.

  • MOVERS & SHAKERS – Marengo appoints banking executive

    Marengo Mining has appointed experienced international banking executive Susanne Sesselmann as a non-executive director.

    Susanne Sesselmann has 20 years experience in banking, including 10 years in investment banking and project finance. She holds a Bachelor of Arts and Masters Degree in Languages from the University of Innsbruck in Austria and is a director of the international private equity resource fund, The Sentient Group, and the Meridiam Infrastructure Fund.

  • LAOS – Phu Kham daily production exceeds US$1 million

    The value of daily production at Pan Australian Resources’ Phu Kham Copper-Gold Project in Laos has exceeded US$1 million as production continues to ramp-up to design levels.

    In recent weeks daily production has reached 500 tonnes of concentrate, which is equivalent to 76% of rated capacity. With more than 2500 tonnes in stockpile, including more than 1000 tonnes at the port, PanAust is confident of shortly reaching its objective of first sale of 5000 tonnes of concentrate.

  • CHINA – Zheng Guang drilling resumes

    Exploration has resumed at Leyshon Resources’ Zheng Guang gold project in Heilongjiang, northeast China.

    The US$4.96 million 2008 exploration program will include continuation of a 35,000 metre drill program as well as a major regional exploration program on recently acquired exploration licence areas.

  • PHILIPPINES – Lingig porphyry drilling to start

    Medusa Mining has started preparing for drilling at the Lingig porphyry copper project in the Philippines after receiving government permits.

    The rig that will be used has a capacity for 1200 metres vertical depth and it is expected to begin operating shortly.

  • MONGOLIA - Gurvanbulag power line in operation

    Western Prospector Group’s Gurvanbulag uranium prospect in Mongolia is now operating on electric power supplied through the recently completed 120km power line from the thermal power station at Choibalsan.

    Western Prospector’s president and CEO Eric Bohren says: "Completion of the power line project represents a key infrastructure milestone for Western. It eliminates time and cost uncertainties in providing power for production and will result in significantly lower operating costs.”

  • CHINA – Magnus sells Huidong gold property

    Magnus International Resources is selling its interest in the Huidong gold exploration property in Sichuan Province, China, to a Chinese mining group.

    Magnus will receive 21 million Chinese yuan (about US$3 million) and will retain a 3% net smelter royalty on any minerals produced from the property in the future.

    Payment of the total purchase price is contingent on the exploration licence for the property being renewed by the Chinese authorities.

  • COPPER – Drilling returns high grade Redbank results

    Assay results from a 1600 metre infill drilling program at Redbank Mines’ Redbank Copper Project in the Northern Territory have returned excellent widths and high grades.

    The six diamond drill holes mark the completion of a program of 29 diamond and RC drill holes geared to fast track the Redbank Project to development stage. A revised mineral resource estimate with a view to an upgrade of the resource category within the mineralization envelope from inferred to measured and indicated is due this month.

    Results from the final 6 diamond holes at the Sandy Flat, Redbank, Azurite and Bluff deposits returned excellent widths and further high grades included: 44 metres @ 7.1% copper from 5 metres, including 22 metres @ 13.22% copper; 19 metres @ 4.91% copper from surface; 13 metres @ 2.41% copper from 92 metres, including 5 metres @ 4.28% copper; and 41 metres @ 1.67% copper from 113 metres including 6 metres @ 6.33% copper.

  • IRON ORE – Ridley pre-feasibility study on track

    With a major 12,000 metre drilling program at the Ridley Magnetite Project in Western Australia now complete Atlas Iron is expected to release a resource upgrade this month and is on target to complete a pre-feasibility study in October.

    The Ridley magnetite resource, which remains open at depth and along strike, is 75km east of Port Hedland in the Pilbara region of Western Australia and is adjacent to existing road, rail, gas and power infrastructure.

  • MOLYBDENUM - Rio Tinto to build US$270 million facility

    Rio Tinto will construct a US$270 million Molybdenum Autoclave Process (MAP) facility at its Kennecott Utah Copper (KUC) Bingham Canyon operation in Salt Lake City, USA.

    The MAP will enable lower-grade concentrate to be processed more efficiently than conventional roasters, allow improved molybdenum recovery and operating flexibility, and enable production of chemical grade molybdenum products.

  • WORKSHOPS – Developing winning maintenance strategies

    Workshops in Indonesia and Thailand next month presented by Salvo Global are aimed at ‘Winning strategies in maintenance planning, estimating and scheduling’.

    The maintenance workshops will outline techniques to streamline organizations, and to increase competitiveness, productivity and yield.

  • COMPANY & PRODUCT NEWS – Pacific Ore collaboration agreement to continue with Outotec

    Pacific Ore and Outotec Oyj will continue their collaboration agreement which has led to a number of excellent prospects for Pacific Ore, including the Huogeqi copper joint venture in Inner Mongolia, China.

    The agreement was entered into in 2005 when Outotec, formerly Outokumpu Technology, became Pacific Ore's cornerstone seed investor.

  • MOVERS & SHAKERS – New chief financial officer for Gindalbie

    Gindalbie Metals has appointed David Southam as chief financial officer, replacing Darren Gordon who has resigned after nine years with the company.

    David Southam was chief financial officer of Australian Western Railroad and before that spent almost six years with Brambles Industries in a number of financial executive roles, including CFO for Cleanaway Industrial.

  • MOVERS & SHAKERS – Allied Gold’s new chief financial officer

    Allied Gold has appointed Frank Terranova to its executive team as chief financial officer.

    Frank Terranova is a chartered accountant and a member of the Finance & Treasury Association of Australia with extensive experience in corporate finance and financial risk management predominately within the mining and manufacturing industries.

  • MOVERS & SHAKERS – Lero Gold appointments

    Lero Gold has appointed three executives from Oriel Resources to its executive team - Randy Reichert as chief operating officer (COO), Petro Mychalkiw as chief financial officer (CFO) and Tania Tchedaeva as company secretary

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