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Future demand could dwarf WA oil and gas sector – Minister

By: Natasha Odendaal With rising global demand for oil and gas, particularly from Asia, Western Australia’s current multibillion-dollar industry could be “dwarfed” by the potential opportunities emerging for the continent, Mines and Petroleum Minister Bill Marmion said. Delivering the opening address for the 2014... 

Cameco abandons 2018 output target amid weak market demand

By: Henry Lazenby Canadian uranium producer Cameco late on Friday reported its full-year 2013 and fourth-quarter ended December 31 results, posting a strong performance in weak markets. The Saskatoon, Saskatchewan-based company revealed that it had abandoned its production target of 36-million pounds of uranium by... 

De Wittekrans project could boost miner to midtier level

By: Ilan Solomons ASX- and Aim-listed coal mining company Continental Coal’s De Wittekrans coal mine could potentially make it a genuine midtier mining company, stated Continental Coal CEO Don Turvey, at the Sasfin Investor’s Auditorium plenary session at the 2013 Joburg Indaba in October. At the event, held in... 

West Africa must overcome major challenges to become the new Pilbara

By: Ilan Solomons West Africa has the potential to emerge as a serious competitor to the mineral-rich Pilbara region north of Western Australia but has to overcome several significant infrastructural and logistical challenges to achieve this. This was the general consensus among members of a panel discussion on... 

Largest Known Rare Earth Mineral Deposit Discovered

SRE Minerals Limited announces the results of exploration and studies in collaboration with the Korea Natural Resources Trading Corporation of the Democratic People’s Republic of Korea SRE Minerals Limited (“SRE” or “the company”) announced today their joint venture agreement with the Korea... 

U3O8 Corp makes a new uranium/vanadium discovery in Argentina

By: Henry Lazenby Canadian uranium explorer U3O8 Corp this week announced that it had discovered an entirely new mineralised area - with the highest uranium/vanadium grades found to date - in the Laguna Salada district, in Chubut province, Argentina. The TSX-listed company on Tuesday revealed the La Rosada... 

Hydraulic hose tracking system developed at SA mines

By: Ilan Solomons The Eaton Trax web-based hydraulic hose tracking system is scheduled for launch in the second quarter of 2014, with the piloting of the system to be concluded in the first quarter of 2014 at one of mining major Anglo American’s mines, in South Africa, says diversified power management company... 

More testing, cash needed to prepare South Korean tungsten project

By: Henry Lazenby The Sangdong tungsten project, which TSX-V-listed Woulfe Mining is developing in South Korea, will require considerable additional test work to bring it to proper commercial and financial preparedness. The company, which announced the appointment of three new board members on Wednesday, reported... 

Cameco lifts Q3 profit on higher output, prices

By: Henry Lazenby Canadian uranium producer Cameco has reported a sharp increase in profit during the third quarter ended September 30, as it pushed up output and benefited from higher-than-spot contract prices. The TSX- and NYSE-listed company reported net earnings of $211-million, or $0.53 a share, up 167%... 

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... 

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