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GOLD

PanTerra starts processing at Las Lagunas Restricted

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ASX-listed gold miner PanTerra Gold has started processing at its Las Lagunas gold/silver project, in the Dominican Republic. High-grade refractory tailings from the Pueblo Viejo mine were currently being fed into the Albion carbon-in-leach (CIL)...
23rd May 2012
 
 
GOLD

Gold slumps on scepticism of EU meeting Restricted

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Gold eased on Wednesday extending sharp losses made in the previous session as investors were sceptical that an informal European Union meeting later in the day would yield steps to help solve the region's debt crisis. Gold fell to as low as $1...
23rd May 2012
 
 
DIAMONDS

De Beers mounts rescue bid for trapped illegal Namaqua diamond diggers Restricted

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Diamond miner De Beers has mounted a rescue bid for at least seven illegal diamond diggers who are trapped in illegally excavated tunnels at De Beers' Namaqua diamond mines in the Northern Cape. De Beers and Namaqualand Mines said that the...
23rd May 2012
 
 
Afri, Eur, Aus: Newsletter roundup

Rapid progress at Randgold's Kibali, Moz buys Moatize stake, Chinese eye Uganda copper mine and other news in the Africa Mining Roundup Restricted

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This month's electronic report includes details on African miner Randgold Resources' development of the Kibali project, in the Democratic Republic of Congo; the government of Mozambique's deal to acquire a 5% stake in the Moatize coal project for...
23rd May 2012
 
 
IRON-ORE

Indian steel companies secure new iron-ore reserves Restricted

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Two Indian steel companies, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) would be granted new iron-ore leases in the central Indian province of Rajasthan. SAIL and RINL would be granted leases for 864.6 ha and...
23rd May 2012
 
 
IRON-ORE

LIM kicks off 2012 with first China exports Restricted

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Toronto-listed Labrador Iron Mines (LIM) shipped its first China-bound load of the steelmaking ingredient for 2012 last week, and is on track to meet its two-million-ton sales target for the year, it said on Tuesday. Its James mine, located in...
22nd May 2012
 
 
MANAGEMENT RESHUFFLE

Ncondezi restructures top management Restricted

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London-listed Ncondezi Coal has started restructuring its senior management team with the appointment of a new CEO from June 1. Current COO Nigel Walls would replace CEO Graham Mascall, who stepped down to become a nonexecutive director in the...
22nd May 2012
 
 
COPPER

Mowana copper concentrate production interrupted Restricted

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Mineral exploration and development group African Copper said Tuesday that the ball mill pinion shaft at its Mowana mine, in Botswana, had failed. The company said the failure and resultant damage had rendered the ball mill inoperable and...
22nd May 2012
 
 
SAFETY

US legislators visit Sasol mines to view new life-saving technology Video Available Restricted

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Sasol Mining GM engineering Gary Leibbrandt and Martin Creamer New people-to-vehicle proximity detection technology that stops shuttle cars in their tracks if they are moving too close to personnel in underground mines is preventing injuries in Sasol Mining’s coal production areas, Sasol Mining GM...
22nd May 2012
 
 
COPPER

Glencore takes control of Mutanda with $480m deal Restricted

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Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480-million, marking the first step in a planned merger of the mine with its nearby Kansuki concession. Mutanda, in...
22nd May 2012
 
 
 
 
 
 
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