Veolia Water Technologies South-East Asia has announced a new 20-year partnership with 1 Malaysia Development Berhad Real Estate Sdn Bhd (1MDB RE) for the prestigious Tun Razak Exchange (TRX) project.

Lynas Corporation has been issued with a Full Operating Stage Licence (FOSL) by the Malaysian Atomic Energy Licensing Board (AELB) for the Lynas Advanced Materials Plant (LAMP) at Gebeng near the port of Kuantan.

LYNAS Corporation intends to use up to Aus$40 million to be raised in a share purchase plan and placement to augment working capital during the ramp-up at the Lynas Advanced Materials Plant (LAMP). As part of an equity raising and proposed financing transaction announcement made in early May, the company also proposed to purchase and amend the Sojitz/JOGMEC loan facility.

IN line with Monument Mining’s Oxide Magnetite Development Plan at the Mengapur Polymetallic Project, further exploration and development activities are continuing. The exploration program is focusing on identification of oxide magnetite material and during the March quarter this included 821 metres of drilling in 14 drill holes.

Peninsular Gold increased gold production at its Raub project to 5805 ounces during the March quarter, up from 4628 ounces in the previous quarter.

During the March quarter Monument Mining’s operations at Selinsing generated a profit margin of $3.29 million, down from $11.91 million in the corresponding quarter of 2013, from revenue of $12.09 million, down from $20.33 million in the 2013 quarter.

AN updated feasibility study for stage 1 of the Bau Gold Project details significantly improved financial data from an already promising project. The updates relate to the operating cost per tonne, all-in sustaining cost (AISC) per tonne, all-in cost per ounce, NPV and IRR.

AS part of the ongoing definitive feasibility study (DFS) for TNG Limited’s flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory of Australia, an independent review has been conducted to assess the potential to locate the downstream TIVAN® hydrometallurgical processing plant in Malaysia. The review provides strong momentum for TNG to progress the evaluation of a Malaysian-based processing plant.

RESULTS from exploration and delineation drilling at Monument Mining’s Buffalo Reefs deposit have identified additional gold mineralization which is set to extend the life of the Selinsing project. Best recent results are 33 metres @ 1.23 grams/tonne gold in oxide and 13.5 metres @ 3.83 grams/tonne in sulphide.

WESTERN Mining Network Limited, an ASX-listed company, has formed an alliance with Aleph Advisors Asia to find, explore and secure viable mining exploration tenements in Malaysia. The alliance is part of Western Mining’s objective of acquiring interests in quality resource exploration projects.

TRIPLE Plate Junction (TPJ) has signed a licence agreement with Newmont Exploration, a subsidiary of Newmont Mining Corporation, which grants TPJ access to Newmont’s proprietary database covering various exploration activities in Myanmar, Laos, Malaysia, Indonesia and Cambodia. TPJ also intends to change its name to Aurasian Minerals plc.

THE feasibility study for Stage One of Besra’s Bau Gold Project in Sarawak, East Malaysia, confirms that is an exciting and economically viable project. The study specifically covers the proposed open pit development at Jugan Hill to the north-eastern end of the Bau Central gold trend and proposes average annual production of 116,000 ounces from late 2015.

MONUMENT Mining has proved its credentials with the Selinsing Gold Project in Malaysia and is now set to reap the benefits at other projects. Selinsing served as an anchor for the company’s expansion and the successful management team is using this experience as a springboard for development of the Mengapur Polymetallic Project in Malaysia and Murchison Gold Project in Australia.

The UK’s Camborne School of Mines (CSM) will play a pivotal role in an international collaboration aimed at reviving and stimulating the tin mining industry in Malaysia’s second largest state.

Results from gold exploration and delineation drilling at Monument Mining’s Buffalo Reefs project have identified additional gold mineralization which is set to extend the life of the Selinsing Gold Project.

THE stage 1 feasibility study for Besra Gold’s Bau Gold Project in East Malaysia indicates that Bau is estimated to become the 13th largest gold producing property in Asia by 2015. The study specifically covers the proposed open pit development at Jugan Hill towards the north-eastern end of the Bau Central gold trend.

THE initial focus of Monument Mining in 2014 at Mengapur Polymetallic Project will be production of market grade magnetite from fresh rock that underlies the free digging soils to generate cash flow. It will also place early focus on research and development, market research of other downstream potential commodity products, and completion of a NI 43-101-compliant Preliminary Economic Assessment (PEA).

Monument Mining has increased its gold sales by 71% compared to the same quarter last year, with 12,500 ounces sold at an average price of US$1626 per ounce. 

Monument Mining has abandoned its interest in the Mersing project in Malaysia’s Johor State and will commence legal proceedings against its earn-in partners after concerns the project’s mining certificate won’t be renewed.

The first rare earths products have been produced at Lynas Corporation’s Advanced Materials Plant (LAMP) just six weeks after the facility was commissioned. The cracking and leaching rare earth extraction units at the plant were commissioned on January 7, and the recovery rates continue to be in excess of 90% of the contained rare earth oxides (REO).