• Concept study finds that Runruno Project is robust

    A CONCEPT study into Metals Exploration’s Runruno Project in the Philippines indicates that the project appears robust on a stand alone gold development basis.

    This does not take into account the molybdenum potential of the project, which the company believes has a strong chance to make it even more robust.

    Based on the positive results of recent molybdenum test work, a molybdenum circuit is likely to be identified.

  • INDONESIA – Jambi gold content increases 33%

    A new estimate for the Jambi deposit at Finders Resources’ Ojalali Project in Indonesia has resulted in a 33% increase in the contained gold in indicated and inferred resources to 138,000 ounces at a 0.5 grams/tonne gold cut ‐ off.

  • THAILAND – Drilling identifies high grade copper-gold zone

    Drilling at Pan Australian Resources’ Puthep Copper Project in northern Thailand has intersected a broad high-grade zone of copper-gold mineralization.

    The best result was 90 metres at 2.6% copper and 1.3 grams/tonne gold from a down-hole depth of 46 metres with significant zinc intercepts also intersected.

  • PHILIPPINES - Environmental certificate for Agata

    The Environmental Compliance Certificate (ECC) for Mindoro Resources’ Agata nickel laterite project in the Philippines has been granted by the government.

    The ECC, signed by Department of the Environment and Natural Resources secretary Jose L Atienza, Jr, is the major permitting hurdle required to clear the way for the Direct Shipping Ore (DSO) production planned for this year.

  • PNG – Test work confirms Solwara potential

    Results from metallurgical test work at Nautilus Minerals’ Solwara 1 deposit in the territorial waters of Papua New Guinea confirm that conventional flotation processing of ore can produce a clean and high-grade copper concentrate.

  • KAZAKHSTAN – New uranium conversion plant

    Canada’s Cameco Corporation and Kazatomprom have formed a new company, Ulba Conversion LLP, to build a 12,000 tonnes per year uranium hexafluoride conversion plant in Kazakhstan.

  • INDONESIA – Sihayo 1 North gold estimate increases 49%

    An independent JORC Code resource estimate for Oropa Limited’s Sihayo 1 North deposit in Indonesia has shown a 49% increase in gold resources.

    The resource is now estimated at 12.1 million tonnes grading 2.4 grams/tonne gold for 910,000 ounces of contained gold at a cut off grade of 1.0 grams/tonne gold.

  • INDONESIA – Sulawesi project adds to Rio’s new resources

    An inferred nickel laterite resource of 162 million tonnes at Rio Tinto’s Sulawesi Nickel Project in Indonesia is among a number of significant new resources for the company.

    The new resources across different ore bodies spanning four continents place Rio Tinto in a strong position to achieve continued annual growth.

  • COMPANY & PRODUCT NEWS – Micromine awarded grant to help develop MasterMine

    Micromine has been awarded an Aus$5 million AusIndustry grant to develop a revolutionary new platform for mining and exploration software.

    It is the third AusIndustry grant awarded to Micromine, which provides software solutions and consulting services to the exploration and mining industry. AusIndustry is the Australian government’s business program delivery division in the Department of Innovation, Industry, Science and Research.

  • IRON ORE – Mineral lease granted at Peculiar Knob

    Western Plains Resources has been granted a mineral lease covering its DSO iron ore deposit south-east of Coober Pedy in South Australia .

    The lease has been granted by the government of South Australia and covers the Peculiar Knob direct shipping iron ore deposit.

  • ZINC-LEAD – Joint venture for Georgina Basin

    Mincor Resources will accelerate exploration at the Georgina Basin zinc and lead project in the Northern Territory after securing a joint venture with the Japan, Oil, Gas and Metals National Corporation (JOGMEC).

  • MOVERS & SHAKERS – New president and CEO for Nautilus

    Stephen Rogers will succeed David Heydon as president and CEO of Nautilus Minerals.

    David Heydon will remain with Nautilus as a non-executive director and will continue to provide the company with his vision, experience and cross-industry contacts.

  • MOVERS & SHAKERS – New chief financial officer for Marengo

    Marengo Mining has appointed Andrew Meloncelli as chief financial officer and company secretary following the listing of the company’s securities on the Toronto Stock Exchange.

    Andrew Meloncelli has extensive experience working for public companies in the areas of corporate compliance, finance, prospectus fundraisings, taxation and as assistant company secretary for an ASX 200 company.

  • MOVERS & SHAKERS – New chief operating officer for Intex

    Erlend Grimstad has been appointed new chief operating officer of Intex Resources and will in due time be permanently based in Manila, Philippines.

    The aim of the appointment is to strengthen the senior management of the company to ensure successful completion of the definitive feasibility study of the Mindoro Nickel project that is planned to be completed by the end of the first quarter of 2009.

    Erlend Grimstad comes from the position of executive vice president of Umoe AS and has been responsible for Umoe Invest AS which has included market operations and M&A activities. He has had various positions and responsibilities within the Umoe Group including responsibilities for several of the subsidiaries in the group. For the last eight years he has been part of the Umoe corporate executive committee.

    Erlend Grimstad is a lawyer by education and has been practicing law in the business law firm de Besche. He has also a background as state secretary for Petroleum and Energy.

    www.intexresources.com

  • INDONESIA – Coal reserve target at East Kutai raised by 50%

    As part of a review of the drilling and exploration program at Churchill Mining’s East Kutai Coal Project in Indonesia, the overall project initial coal reserve target has been lifted by 50% to 150 million tonnes.

    The company, guided by its coal-competent advisors, is deploying two of its rigs to concentrate on an intensive drilling program covering an area about 6km by 2km, which has the potential to form part of the project’s first mine-pit.

  • PHILIPPINES - Intex awards contracts for Mindoro study

    Intex Resources has awarded the principal contracts for preparation of a definitive feasibility study (DFS) for the Mindoro Nickel Project in the Philippines.

    The principal engineering services contract was awarded to Aker Solutions Australia, which has extensive experience in feasibility studies for large-scale processing plants and in particular regarding nickel processing.

  • KYRGYZ REPUBLIC – Mineralization extended at Taldybulak Central

    Further drilling has extended the known mineralization at the Taldybulak Central target at Lero Gold’s Taldybulak-Talas copper-gold porphyry project in northwest Kyrgyzstan.

    Lero completed an additional diamond drill hole to the west of drilling undertaken last year to test the extension of the previously delineated high grade core in the Taldybulak Central zone.

  • TONGA – Collaborative exploration survey begins

    Nautilus Minerals has started a collaborative exploration effort to search for new Seafloor Massive Sulphide (SMS) systems in Tonga.

  • INDONESIA - More gold intercepts at Abong and Sangihe

    East Asia Minerals continues to receive gold-bearing intercepts from drilling at its Abong and Sangihe projects in Indonesia as it moves towards NI43-101 resource estimates at the end of the year.

  • PHILIPPINES - Mindoro creates partnership with small-scale miners

    A unique partnership will see Mindoro Resources form a co-operative with small-scale miners at the company’s Tapian San Francisco Project in Surigao del Norte, Northern Mindanao, the Philippines.

  • KYRGYZ REPUBLIC – Field exploration identifies uranium anomalies

    An initial field evaluation of Nimrodel Resources’ four exploration licences in the Batken region of south-west Kyrgyzstan has identified 29 uranium anomalies with 13 warranting immediate follow-up work.

  • PHILIPPINES – Nickel laterite from Alpha shipped to China and Japan

    Almost 100,000 dry metric tonnes of laterite nickel material at an average grade of 1.85% nickel have been sold and shipped to China and Japan from MBMI Resources’ Alpha project in Palawan , Philippines , this year.

  • ACQUISITIONS – Australian Jinhua pays deposit for Mt Lucy

    Australian Jinhua Mining International Group has paid InterMet Resources a $383,000 deposit for the purchase of the Mt Lucy iron ore prospect in north Queensland.

    InterMet believes that payment of the deposit displays the intentions of Australian Jinhua to proceed with the transaction.

  • GOLD - Maiden 274,000 ounce resource for Tubal Cain

    The first resource estimate for Goldstar Resources’ Tubal Cain Gold Project in Victoria comprises a total indicated and inferred resource of 857,000 tonnes at 9.9 grams/tonne gold for 274,000 ounces.

  • GOLD - Salt Creek delivers additional high grade drill results

    High-grade results from an ongoing RC infill drilling program at the Salt Creek gold project in Western Australia significantly enhance the confidence of Integra Mining in the interpreted volumes of gold mineralization.

  • MOVERS & SHAKERS - Navigator lands Huo as analyst

    Navigator Project Finance has appointed Anna Huo as an analyst in its fast-growing team.

    The appointment strengthens Navigator’s capacity for developing project finance models as well as its ability to operate in Chinese-speaking markets.

  • INDONESIA – Bonanza intersection at Hutabargot Julu

    Oropa Limited has obtained a bonanza grade near-surface gold intersection from recent drilling of the Ali vein in the central part of the Hutabargot Julu prospect at the Pungkut gold Project on Sumatra, Indonesia.

    Diamond drilling returned an intercept of 5 metres @ 35.67 grams/tonne gold from 47 metres, including 2 metres @ 80 grams/tonne gold from 47 metres.

  • PAPUA NEW GUINEA – Open cut mine proposed for Yandera

    Phase 1 of a Definitive Feasibility Study for Marengo Mining’s Yandera Copper-Molybdenum Project in Papua New Guinea proposes open-cut mining of a minimum of 450 million tonnes at a grade of 0.48% copper equivalent over an initial 10 year time frame.

  • CHINA – Jinfeng resource increases 16%

    A new resource estimate at Sino Gold’s Jinfeng Project in China has increased resources by 16% to 5.3 million ounces of gold.

    The updated mineral resource is estimated to be 35.9 million tonnes at 4.5 grams/tonne gold, including measured and indicated resources of 30.5 million tonnes at 4.7 grams/tonne gold.

  • CAMBODIA – Southern Gold and JOGMEC formalize joint venture

    Japan Oil, Gas and Metals National Corporation (JOGMEC) and Southern Gold have formed a joint venture to accelerate exploration on three Cambodian gold and base metals projects.

    The joint venture between the Japanese government organization and the Australian mining company will see JOGMEC spend a minimum of US$1 million on the projects over the next 12 months as part of a total US$4.5 million investment over 3 years to earn a 51% interest in the three tenements.

  • AUSTRALIA-CHINA – Fortescue becomes latest Chinese supplier

    Fortescue Metals Group has become the latest Australian producer to begin sending iron ore to China to satisfy that country’s insatiable appetite for resources.

    Fortescue has started commercial shipping of iron ore to China’s biggest steel producer and its largest customer Baosteel.

  • INDONESIA – Highest grade intercept to date at Abong

    Diamond drilling at East Asia Minerals’ shallow dipping, near-surface Abong Jasperoid Prospect, Aceh Province, Indonesia, continues to contribute gold-bearing intercepts.

    The company will use the intercepts to help calculate a year-end resource estimate.

    The latest results feature the highest grade intercept to date of 6.29 grams/tonne gold over 11.0 metres and the thickest intercept to date of 1.26 grams/tonne gold over 18.0 metres, including 1.62 grams/tonne gold over 10.0 metres.

  • INDONESIA - Reports confirm potential at coal concessions

    Kalimantan Gold Corporation is acquiring a 75% stake in each of five Indonesian companies holding a single coal concession (KP) in East Kalimantan, Indonesia.

    As part of an option agreement Kalimantan Gold has an exclusive six month
    period in which to conduct its due diligence including carrying out a
    minimum program of 3000 metres of drilling.

  • INDONESIA – Drilling confirms Selodong mineralization

    Drilling results from Southern Arc Minerals’ Montong Botek, Kedaro and Kekalik targets at the Selodong Prospect in Indonesia have confirmed the presence of localized potentially economic porphyry-style mineralization occurring over an extensive area.

    The drilling program is focusing on better defining the geometry and grade of the porphyry targets.

  • GOLD – Intercepts extend Salt Creek strike length to 1km

    Encouraging drill intercepts from southern extensions to Integra Mining’s Salt Creek gold deposit at its Aldiss-Randalls Gold Project in Western Australia have extended the known strike length of the deposit to 1km.

  • ZINC – On a fast track for Fossey development

    Bass Metals has two drill rigs working on the Fossey zinc prospect in Tasmania with the aim of having a mineral resource estimate by the end of September.

    The prospect is part of the company’s Hellyer Mine project in the northwest of the state.

    The company believes the prospective Fossey Zone can underpin the Hellyer project, which has a significant resource base.

  • WORKSHOPS – Examining gender and sustainable livelihoods in mining

    The Resource Management in Asia-Pacific Program (RMAP) of the Australian National University in Canberra will host a two-day workshop later in the year to examine ‘Gender and Sustainable Livelihoods in Mining’.

  • PAPUA NEW GUINEA – Study suggests two open pit operations

    A scoping study for the Frieda River porphyry copper/gold project in Papua New Guinea recommends open pit operations at the Horse Ivaal/Trukai and Nena deposits.

    The study forecasts copper concentrate production for the joint venture project to average 190,000 tonnes annually of payable copper metal and payable gold of 295,000 ounces per annum.

  • LAOS – Outstanding results from Ban Houayxai

    Outstanding drill results have been received from Pan Australian Resources’ Ban Houayxai gold-silver project in Laos indicating the potential of the deposit to host bonanza grade gold-silver chutes.

  • PHILIPPINES – Wide high grade intersection at Co-O

    Ongoing diamond drilling at Medusa Mining’s Co-O Gold Mine in the Philippines has encountered an exceptional intersection of 33.50 metres at 18.07 grams/tonne gold including a massive grey quartz vein assaying 15.9 metres at 34.02 grams/tonne gold.

    The remainder of the 33.50 metre intersection consists of lesser veins and quartz vein stockworks.

  • INDONESIA – Sebuku production will improve

    Production at Straits Asia Resources Sebuku Coal Mine in Indonesia is expected to improve this quarter with more by-pass coal exposure at the lower level of the pit.

    The wash plant at the mine has achieved throughput of 400 tonnes per hour which is higher than the target of 350 tonne per hour h as a consequence of a higher utilization rate.

  • PAPUA NEW GUINEA – Ramu construction accelerated

    Construction at the Ramu Nickel-Cobalt Project in Papua New Guinea is being accelerated with the aim of commissioning the mine in the first half of 2009 and the process plant in late 2009.

  • PHILIPPINES – New drilling program at Acoje

    A new drilling program has started at Rusina Mining’s Acoje Project in the Philippines with the aim of defining platinum group metals (PGMs), chromite and nickel sulphide resources.

  • INDONESIA - Contract of Work negotiations begin at Taliwang

    Contract of Work (CoW) negotiations have started on Southern Arc Minerals’ Taliwang copper-gold prospect on Sumbawa Island, Indonesia.

    Formal negotiations are taking place between a joint government team and the company. The joint government team comprises representatives from the central, provincial and regency levels of government.

  • AUSTRALIA-KOREA – Sandfire to accelerate exploration

    Sandfire Resources will use the proceeds of an Aus$7.2 million share placement to accelerate exploration of its diversified portfolio of manganese, lead-zinc-silver, iron ore and gold projects in Australia.

  • CHINA-AUSTRALIA - OMH Group achieves milestones

    The OMH Group has achieved outstanding operational milestones from its Bootu Creek Manganese Mine and the Qinzhou Smelter.

  • URANIUM – Universal to purchase Mt Malakoff prospect

    Universal Resources has agreed to purchase the Mt Malakoff uranium prospect in the Mt Isa area of Queensland from Newcrest Operations.

  • ALUMINA – Expansion project for Worsley Alumina

    An efficiency and growth expansion project at BHP Billiton’s Worsley Alumina operation in Western Australia will lift capacity from 3.5 million tonnes of alumina per annum to 4.6 million tonnes.

  • IRON ORE - Gindalbie expands exploration

    Gindalbie Metals is expanding its regional exploration program in Western Australia’s Mid West region aimed at delineating exploration targets totaling 80-100 million tonnes of direct shipping-quality hematite iron ore.

  • PHOSPHATE - High grade mineralization encountered

    Uramet Resources managing director Bill Hewitt will present on the subject of ‘The under-exploration of the Georgina Basin and the Northern Territory government’s role in opening this area to explorers’ at The ASIA Miner Investing in Mining conference on July 15-16 in Brisbane, Queensland. For more information go to the conferences pages of The ASIA Miner website.

  • PRODUCT NEWS - Bucyrus staple retainer improves longwall safety

    Bucyrus Australia has designed a unique product to improve the safety and stability of longwall staples - the Bucyrus Staple Retainer.

  • KAZAKHSTAN – 258 million pounds of copper at Karchiga

    Lero Gold has received a resource estimate for its Karchiga Copper Project in Kazakhstan of 4.75 million indicated tonnes @ 2.46% copper and 2.81 million inferred tonnes @ 1.81% copper.

  • CHINA – Partnership will advance exploration and mining

    Asia Now Resources has established a strategic exploration and mining partnership with Yunnan Dasheng Investment, a subsidiary of the Lippo Group.

    A memorandum of understanding signed by the companies will see Asia Now use its technical expertise to identify, investigate, explore and develop mineral projects in various parts of China and elsewhere around the globe
  • INDONESIA - Sedi high grade gold zone will be drilled

    Encouraging sampling from the Sedi prospect at East Asia Minerals’ Sangihe Gold Project in Indonesia has prompted the company to undertake drill testing.

    Grab samples from zone one at Sedi have resulted in assays of 13.4, 15.0 and 42.6 grams/tonne gold while zone two assays were 7.78, 11.2 and 16.0 grams/tonne gold/.

    In addition grab sampling at the Kupa prospect, south-east of Sedi, encountered
    122.0, 82.4 and 73.8 grams/tonne gold.

  • PHILIPPINES - Starter resource estimates for Agata North

    A mineral resource estimate for Mindoro Resources’ Agata North Nickel Laterite Project in the Philippines is more than double the company’s original exploration target.

    The NI 43-101 compliant mineral resource estimate covers about 15% of the Agata North prospect and will constitute the starter resource for the early Direct Shipping Ore (DSO) production planned for this year.

  • CHINA – White Mountain mining licence granted

    Sino Gold Mining has been issued a mining licence for the White Mountain Gold Mine and work is progressing well towards commissioning of the processing plant later this year.

  • SOUTH KOREA - Construction permits for new reactors

    South Korea has licensed construction of the first pair of APR-1400 reactors at Korea Hydro and Nuclear Power’s (KHNP) Shin Kori project.

    The first concrete for the first unit is scheduled in October with the plant expected to be in operation in 2013 after 51 months construction.

  • CHINA - Upgraded Zheng Guang resource estimate

    An upgraded estimate for Leyshon Resources’ Zheng Guang gold zinc project in north-east China has increased the overall resource from 24 to 30 million tonnes.

    The estimate by independent resource specialists Hellman and Schofield of Australia incorporates the 43,500 metre 2007 drill program and will allow Leyshon to rapidly progress the development of the project.

  • CHINA – Sparton acquires majority stake in germanium project

    Sparton Resources has acquired an 85% interest in Hua Jun Coal Industry (HJ), a private coal and germanium producer based in Yunnan Province, China.

    Hua Jun is the second largest germanium concentrate producer in the Lincang area of Yunnan and also produces locally marketed thermal coal from one of its three operating coal mines in the area.

  • MAGNETITE – Southdown approval expected in third quarter

    Grange Resources expects to receive ministerial approval for its Southdown Magnetite Project in Western Australia in the third quarter of 2008.

    It is expecting to receive approval for a 100km pipeline at the same time with approvals for work at the port of Albany expected in the fourth quarter.

  • NICKEL – NiWest development strategy expanded

    GME Resources will expand the development strategy for its NiWest Nickel Laterite Project in Western Australia, based on a heap leach project delivering 30-35,000 tonnes of nickel metal per annum.

  • COPPER – Study confirms viability of Roseby project

    A definitive feasibility study into Universal Resources’ Roseby Copper Project in north-west Queensland has confirmed that the project is technically and financially viable.

    The study indicates that continued strength in the copper price, which recently hit US$4 per pound, has improved the base case assumptions for the project, located near Mt Isa.

    The company is now looking to take the project into the financing and construction stages.

  • MOVERS & SHAKERS – Rob Thomson farewells Vietnam for family

    Asian Mineral Resources has appointed Collin Ellis as its new CEO, replacing Sydney-based Rob Thomson who will remain as a company director.

  • COMPANY & PRODUCT NEWS - Metso crushing equipment for Yandi

    Metso Minerals will supply crushing equipment to BHP Billiton Iron Ore for the Yandi mine development in Western Australia.

    The delivery, valued at EUR 12 million, will be completed by the end of year 2009.

    The order comprises five MP type cone crushers for the Yandi iron ore operation in the Pilbara region.

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