• KYRGYZSTAN – Examining early production at Savoyardy

    Kentor Gold is examining possible early production options and planning expanded exploration for its Savoyardy Gold Project in the Kyrgyz Republic after receiving an initial resource estimate of 35,500 contained ounces.

  • INDIA – Smelter and mines to boost zinc

    Indian private company Binani Group will invest Rs 300 crore to set up a zinc smelter in Rajasthan in addition to its zinc unit at Kochi in Kerala.

    The new smelter at Udaipur in Rajasthan will utilize ore produced by RBG Minerals Industries, a joint venture company promoted by Rajasthan State Mines & Minerals (RSMML), Gujarat Mineral Development Corporation (GMDC) and Binani Zinc.

  • INDIA - GHD establishes Hyderabad office

    Professional services company GHD is expanding its global presence with the establishment of a representative office in India.

    The office with be in Hyderabad in south-central India and will focus on developing new opportunities for GHD in key market sectors as well as extending support to the delivery of core projects in India and the wider South Asian region.

  • INDONESIA - Leighton to develop East Kutai coal project

    Churchill Mining has signed an agreement with Pt Leighton Contractors Indonesia to develop the East Kutai Coal Project in Kalimantan.

    A Heads of Agreement between Churchill’s Indonesian operating subsidiary, PT Indonesia Coal Development, and Leighton details the framework by which the two will work together to facilitate Churchill’s plans to bring East Kutai into production.

  • CHINA – Good intercepts on Gold Mountain extensions

    A program of near-resource drilling at Tianshan Goldfields’ Gold Mountain Project in northwest China has reinforced the potential for extensions to the existing resource base.

    The program, which included geochemical and geophysical coverage of the main resource area, returned encouraging drill intercepts at depth on the southern margins of the Yelmand and Balake deposits.

  • PHILIPPINES – Mindoro evaluates Agata North potential

    An updated NI 43-101 compliant mineral resource estimate for the Agata North Nickel Laterite Project in the Surigao District, Philippines, will enable Mindoro Resources to evaluate the project's potential to produce 7000 to 10,000 tonnes of nickel product per annum over at least a 25 year period.

  • PHILIPPINES - Co-O resources increased by 40%

    A new resource estimate at Medusa Mining’s Co-O Mine in the Philippines has increased JORC compliant resources by 40% to 1.203 million ounces.

    The estimate has increased the contained ounces by 341,000 ounces, excluding mining depletion since July 2008, while the grade has increased by 23.7% to 13.3 grams/tonne gold from the previously reported grade of 10.7 grams/tonne.

  • NICKEL – Breakaway focuses on core projects

    In light of the global economic environment Breakaway Resources has sharpened its focus on core nickel projects in the Eastern Goldfields area of Western Australia while also directing attention at identifying new gold opportunities.

    During the last two years, Breakaway delivered a series of notable discovery successes at several projects, including Wildara, Scotia and Kambalda West, within its nickel portfolio in this region
  • GOLD – Global output drops by 4% in 2008

    World gold mine production dropped substantially in 2008 to reach its lowest level since 1995, according to London-based precious metals consultancy GFMS.

    Speaking at the release of ‘Gold Survey 2008 – Update 2’, GFMS’ executive chairman Philip Klapwijk said Australia, Indonesia and South Africa were the main drivers of falls in production in Oceania, Asia and Africa.

  • MOVERS & SHAKERS – Finders appoints executive director

    Finders Resources has appointed Robert Thomson as an executive director.

    Rob was previously the company’s general manager, development and still has prime responsibility for completion of feasibility studies and subsequent development of the company's Wetar copper project.

  • LAOS – Trenching and drilling part of dry season exploration

    A trenching program by Argonaut Resources’ at the Houai Khouay gold prospect within the Century tenement in western Laos is aimed at better establishing the orientation of the prospect’s gold bearing veins and finding the margins of the system.

    The program is part of the company’s 2009 dry season exploration program which began in December.

  • PNG - Mid-year start for Hidden Valley production

    PRODUCTION at the Hidden Valley gold and silver project in the Morobe province of Papua New Guinea is expected to start in mid-2009.

    The mine will process 4.2 million tonnes of ore annually from two open pits with annual gold production expected to be 285,000 ounces and silver production 3.845 million ounces.

  • PHILIPPINES – Joint ventures to advance Mindoro prospects

    Mindoro Resources has agreed to a joint venture with Avocet Mining for the Archangel Project in Batangas Province, the Philippines.

    By funding all exploration until reaching a decision to mine, Avocet may earn up to a 74% interest in the project.

  • CHINA - Construction starts at nuclear plant

    Construction has started at the six-unit Yangjiang nuclear power plant with commercial operation of the first unit expected in 2013.

    It is being built by Guangdong Nuclear Power Group, using the 1080 MWe CPR-1000 units of largely Chinese design. The last of the six units is expected to come on line in 2017

  • MONGOLIA – Upgraded uranium estimate at Gurvanbulag

    An upgraded resource estimate for Western Prospector Group’s Gurvanbulag Uranium Project in northeast Mongolia will be incorporated into a definitive feasibility study, which will be completed shortly.

  • INVESTMENT – Wuhan to earn iron ore interests

    China’s third largest steel group, Wuhan Iron & Steel (Group) Co (WISCO), will invest up to Aus$180 million to earn a half share in selected South Australian iron ore projects owned by Centrex Metals.

    WISCO will also take a 15% direct stake in Centrex, at a cost of an extra Aus$9.7 million.

  • INVESTMENT – Itochu investment into Roper Bar Iron Ore

    A farm-in and joint venture between Western Desert Resources and Itochu Minerals and Energy of Australia (IMEA) will assist in exploration and development of the Roper Bar Iron Ore Project in the Northern Territory.

    The two-tiered arrangement is part of a Memorandum of Understanding which was recently cemented by the execution of formal agreements between the two companies.

    As part of the farm-in agreement IMEA’s subsidiary, IMEA Exploration and Development of Australia (IEDA) will acquire a 15% interest in the Roper Bar tenements for a cash consideration of Aus$2 million.

  • COMPANY NEWS – SouthGobi sells metals division

    SouthGobi Energy Resources has sold its metals division to Ivanhoe Mines for US$3 million, enabling the company to focus solely on its principal business of coal production, development and exploration.

    The metals division consists of certain base and precious metals properties in Mongolia and Indonesia.

  • CONFERENCES – Developing a good CSR road map

    Investors and operators of mining oil and gas development projects increasingly recognize that successful delivery of community investment programs is a central value proposition to the host country.

    Community investment affords operators and joint ventures partners a significant competitive advantage when bidding for new concessions or negotiating host government agreements.

  • MOVERS & SHAKERS - HQ nominees on Golden Cross board

    A new strategic alliance between Golden Cross Resources and HQ Mining Resources Holding has resulted in a number of changes to the board of Golden Cross.

  • MONGOLIA - High-grade discovery at Oyu Tolgoi

    Exploration drilling at Ivanhoe Mines’ Oyu Tolgoi project in Mongolia has discovered a new zone of All enquiries email info@asiaminer.comhigh-grade gold and copper mineralization.

    The new zone has characteristics of the earlier high-grade discoveries at the Hugo Dummett and Southwest Oyu deposits.

    The Oyu Tolgoi mineralized structural corridor, as currently defined, now has a total strike length of more than 20km. It encompasses Oyu Tolgoi in the centre and more recent extensions to the south and north into the joint Ivanhoe-Entrée agreement area.

  • MONGOLIA – Ovoot Tolgoi exceeds 1 million tonnes in 2008

    SouthGobi Energy Resources’ Ovoot Tolgoi mine in southern Mongolia has produced its first 1 million tonnes of coal ahead of schedule and below budget.

    Ovoot Tolgoi surpassed its budgeted production of 1 million tonnes of coal for 2008 on November 29 and was expected to finish the year with 1.1 million tonnes.

    The actual site cash cost of production at the Ovoot Tolgoi mine through October 31, 2008 was about US$8.20 per tonne of coal produced, 32% under budget.

  • MONGOLIA - Co-operation essential for exploration: President

    CO-OPERATION is essential for mining exploration as Mongolia does not have the resources to go it alone without foreign investors, according to Mongolian President N Enkhbayar.

    He says that only the foreign investors can provide the enormous financial outlay, technology and experts needed to explore and develop mineral deposits.

  • PNG – New seafloor system discovered

    A new Seafloor Massive Sulphide (SMS) system, Solwara 11, has been discovered on an exploration licence held by Nautilus Minerals in the territorial waters of Papua New Guinea .

    Teck, working under their earn-in option to certain Nautilus exploration licences, has submitted a report detailing the discovery of Solwara 11.

  • INDONESIA – Study confirms Pungkut potential

    A scoping study has confirmed the potential to develop a profitable operation at Oropa Limited’s 75% owned Pungkut gold project in Sumatra , Indonesia .

    The study, by independent consultant SRK Consulting, is based on treatment of 1 million tonnes/annum using a conventional Carbon in Pulp circuit with open pit mining from the Sihayo 1 North and Sambung mineral resources.

  • PHILIPPINES – Mindoro study completion rescheduled

    The Definitive Feasibility Study (DFS) for Intex Resources’ Mindoro Nickel Project in the Philippines has been rescheduled for completion in the fourth quarter of 2009.

    The new schedule is a board decision that will optimize the process and cost efficiency of the DFS, in reference to the current global financial situation.

  • PNG - Simberi up to 3 million ounces

    Gold resources at the Sorowar deposit of Allied Gold’s Simberi project in Papua New Guinea have increased by 611,000 ounces following the latest drilling campaign and mineralization remains open.

  • KYRGYZSTAN - High grade Savoyardy results

    High grade gold assay results have been received from sampling carried out at Kentor Gold’s Savoyardy Project in Kyrgyzstan .

    Best results from sampling accessed from existing underground exploration workings include: 3.0 metres @ 29.6 grams/tonne gold, 1.6 metres @36.5 grams/tonne gold, 1.2 metres @ 29.1 grams/tonne gold and 0.6 metres @ 77.5 grams/tonne gold.

  • KYRGYZSTAN – Drilling confirms Taldybulak porphyries

    Drilling in the central area of Orsu Metals Corporation’s Taldybulak-Talas copper-gold project in northwest Kyrgyzstan has confirmed the presence of two mineralized porphyries.

    The company has completed a program of 6334 metres of infill diamond drilling with 4434 samples delivered for analysis to the Alex Stewart Laboratory in Bishkek , Kyrgyzstan . Orsu has so far received 3014 assay results, or 68% of the submitted samples.

  • CONFERENCES – Australian mining on show in Indonesia

    More than 80 Australian companies will exhibit the latest mining technology, equipment, consumables and services at OzMine 2009 in Indonesia on February 24 and 25. The ASIA Miner team will be present and is looking forward to catching up with our readers and advertisers.

  • INVESTMENT – Indian group increases stake in iron ore projects

    Indian resource house Mineral Enterprises Limited has increased its investment in two iron ore projects being developed on South Australia ’s Eyre Peninsula by Lincoln Minerals.

    The Indian group and its Australian subsidiary, Mineral Enterprises Australia, have entered into two joint ventures with Lincoln to earn up to 40% of the Gum Flat and Wanilla iron ore exploration projects near Port Lincoln.

  • INVESTMENT – JOGMEC joint venture on Louth project

    The Japanese government backed resource investor, JOGMEC, has again teamed up with Adelaide ’s Minotaur Exploration, this time to explore for base and precious metals in northwest New South Wales .

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