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Desert Mines launches scoping study at S Korea project

By: Esmarie Swanepoel Junior Desert Mines and Metals has launched a scoping study on its Daehwa molybdenum-tungsten project, in South Korea. The study would consider trial mining and bulk sampling options, as well as the optimal strategy for reaccessing historic underground workings, and potential investment or... 

Tenova Pyromet commissions furnaces for Visa Bao greenfield project

By: Creamer Media Reporter Tenova Pyromet, part of the globally-present Tenova Mining & Minerals, has successfully commissioned 4 x 16.5 MVA ferrochrome (FeCr) furnaces for Visa Bao Limited’s new plant near Jajpur in Orissa, India. Tenova Pyromet supplied its patented lower electrode equipment for the FeCr furnaces, with... 

Japan, South Korea regulatory uncertainty puts Asian LNG demand in question

By: Esmarie Swanepoel Future Asian demand for liquefied natural gas (LNG) has been called into question, with analyst Wood Mackenzie (WoodMac) saying that policy and regulatory uncertainty in Japan and South Korea could result in less new LNG supply being developed. While the governments of Japan and South Korea are... 

Mining subsidising inefficient beneficiation beggars belief – chamber  

By: Martin Creamer The possibility of the South African mining industry providing effective subsidies to underpin inefficient mineral beneficiation beggars belief in a modern country trying to assert its regional economic credentials. That is the view of Chamber of Mines of South Africa president Mark Cutifani,... 

Exploration company outlines its Argentina growth strategy

A preliminary economic assessment is expected in late 2013 to determine if Canada-based exploration company U3O8 Corp’s Laguna Salada deposit in Argentina’s Chubut province could potentially be positioned for near-term production using low-cost mining and processing techniques that nonetheless... 

Canada courts S Korean business community

By: Henry Lazenby Canada’s Natural Resources Minister Joe Oliver on Monday courted the South Korean business community in Vancouver, saying exports to South Korea, located in one of the fastest-growing regions of the world, were an important contributor to the country’s prosperity. Oliver said government was... 

Woulfe Mining director resigns to avoid potential conflict of interest

By: Henry Lazenby A director of Woulfe Mining, which is advancing the Sangdong tungsten mine, in South Korea, has resigned from the board to avoid a potential conflict of interest as the company readies itself for a significant financing to rectify its current financial position, further delineate its mineral... 

Aurora looks for new investment opportunities

By: Esmarie Swanepoel Junior explorer Aurora Minerals was on the hunt for acquisition opportunities and has appointed Miro Advisors to assist with screening possible targets. The ASX-listed company told shareholders that it was looking for advanced resources projects that demonstrated robust margins where the... 

Korean tungsten mine hangs in balance as Woulfe Mining faces cash crunch

By: Henry Lazenby Woulfe Mining, which is advancing the development of the Sangdong tungsten mine, in South Korea, late last week said it was facing a cash crunch following a company-wide investigation after the resignation of the former executive management team in February. The board and acting CEO Hubert... 

U3O8 Corp outlines Argentina strategy

By: Henry Lazenby Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer, and setting up a pipeline of projects for sequential exploration, to eventually supply the growing uranium... 

Physical gold demand soaring on currencies’ turbo-charge

By: Martin Creamer The demand for physical gold is soaring to potentially record highs, boosted by the current low dollar prices that are particularly attractive in several other currencies. “Gold is looking particularly attractive in many currencies around the world and that has caused a huge physical demand... 

Fortune Minerals submits revised project description for BC project

By: Henry Lazenby Canadian anthracite project developer Fortune Minerals and its joint venture (JV) partner Posco Canada (PosCan) have submitted to the British Columbia Environmental Assessment Office (BCEAO) and the Canadian Environmental Assessment Agency (CEAA) a revised project description for its flagship... 

Another mine on the way in Tete while coal boosts Sofala province

By: Keith Campbell The Mozambican government has granted locally-domiciled company Minas do Revúboè a concession to mine coal at its project in Tete province. Revúboè is a joint venture between Australian junior Talbot Group Investments, which has a 58.9% holding, Japan’s Nippon Steel & Sumitomo Metal Corporation... 

Company Announcement: Drilling Commences in Korea to Confirm a Major Uranium & Vanadium Resource at Lowest Quartile Cost Opex

By: Creamer Media Reporter Stonehenge Metals confirms that the first hole of the present drilling program was spudded on Thursday, 4 April 2013 

Decmil wins Roy Hill contract

By: Esmarie Swanepoel Project house Decmil Group has been awarded some A$71-million worth of contracts at the proposed Roy Hill iron-ore operation, being developed by Hancock Prospecting. Decmil has been selected to design and construct the rail and port facilities for the Roy Hill operation, along with the... 

Company Announcement: New hematite deposit discovered with 275m intersection at Snelgrove Lake

By: Creamer Media Reporter Drilling intersections of blue hematite at Snelgrove Lake 

India’s chamber of commerce wants iron-ore import duty cancelled

By: Ajoy K Das Indian industry representative body, the Associated Chamber of Commerce and Industry (Assocham), has approached the Finance Ministry in an effort to correct the inverted import duty structure in the steel industry, where raw materials were attracting a higher rate than finished product. In a... 

Woulfe Mining appoints interim CEO

By: Henry Lazenby South Korea-focused Woulfe Mining, which is constructing the Sangdong tungsten/molybdenum mine, has appointed director Hubert Marleau as its interim CEO, following CEO Brian Wesson’s resignation at the end of February. With more than 40 years of experience in the business and financial community,... 

New R1bn manganese furnace signals beneficiation support – BHP Billiton 

By: Martin Creamer South Africa’s Minerals Minister, Susan Shabangu, on Wednesday opened the largest operating furnace of its kind in the world at Samancor Manganese’s Metalloys smelter in Meyerton, allowing mining giant BHP Billiton to beneficiate close to 30% of the manganese ore it mines locally and demonstrate... 

Coal seen slipping to 2010 low in Xstrata talks

By: Bloomberg Coal Seen Slipping to 2010 Low in Xstrata Talks: Energy Markets Xstrata, which sets prices for Australian thermal coal contracts, is poised to sell the fuel to Japan at the lowest level in three years amid speculation the nation’s imports will slow while Chinese purchases ease. 

Company Announcement: Drilling Starts at Snelgrove Lake Iron Ore Project

Mamba Minerals is pleased to announce that the Phase 1 winter drill program is now underway at the Snelgrove Lake Iron Project in Canada, marking the start of an exploration campaign which aims to establish Snelgrove Lake as a potential world-class deposit 

Labrador Iron Mines announces C$25.2m equity financing

By: Henry Lazenby Canada’s newest direct-shipping iron-ore producer Labrador Iron Mines (LIM) on Friday said it had entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity for a C$25.2-million equity financing. The financing is intended to fund prestripping, mining and... 

Nuclear body defends role of technology in SA’s energy future 

By: Terence Creamer In response to a call made by Energy Intensive User Group (EIUG) chairperson Mike Rossouw for a review of South Africa’s nuclear programme, owing to the EIUG’s affordability concerns, the Nuclear Industry Association of South Africa (Niasa) has described nuclear energy as a competitive solution... 

Uranium spot prices set for an increase - RCR

By: Esmarie Swanepoel Equity researcher Resource Capital Research (RCR) has predicted that the uranium spot price would continue with its upward trend, in what it said could be the start of a sustained market rally for uranium and uranium equities. “Near-term uranium market dynamics appear to have turned and we could... 

07/12/2012 (On-The-Air)

By: Martin Creamer Anglo American is building 23 000 houses for its workers, making sure there is only one person per room in its hostels and opening up a debate with its workers on the migrant labour curse; South Africa moved ahead this week with two big train and port projects that will together cost a whopping... 

Greenland seeks to enable uranium production

By: Henry Lazenby Greenland’s Parliament recently showed unanimous support from all political parties to fast-track an independent review to finalise the government-driven, multiyear phase of information gathering on uranium production and associated issues. This review includes aspects that relate to Greenland's... 

Company Announcement: Political Developments in Greenland Set to Firm the Government’s Strategy for Uranium Exploitation

Greenland Minerals and Energy Ltd is pleased to provide an update in regard to political developments in Greenland that relate to the Company’s 100% owned Kvanefjeld multi-element project 

Hancock targets mid-2013 completion for Roy Hill financing

By: Esmarie Swanepoel Iron-ore developer Hancock Prospecting will be launching the financing process for its $10-billion Roy Hill project, in the Pilbara, shortly. Speaking at the Australian Resources Conference, in Perth, executive director Tad Watroba said the company would be looking for some $7-billion in... 

Resource curse not the only reason for Africa’s poverty

By: Yolandi Booyens Africa is blessed with abundant minerals, hydrocarbons, agricultural land and forests, but the continent remains the poorest in the world. This situation can improve through increased transparency, says research and advocacy organisation Good Governance Africa (GGA) CEO John Endres. Transparency... 

Commpany Announcement: LontohCoal to Issue 30 Million Shares to Fuel Exponential Growth

South Africa’s emerging energy giant, LontohCoal Limited, has announced placement of a tranche of 30 million shares with investors globally to raise ZAR360 million. 

Frontier Rare Earths shares jump; Korean firm gets more scope in SA project

By: Henry Lazenby Southern Africa-focused Frontier Rare Earths shares on Tuesday morning jumped 15% on the Toronto bourse following its announcement that South Korean government-owned Korea Resources (Kores) had agreed to significantly expand the scope of the strategic partnership between the two companies to... 

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