MONGOLIA - US$1.8 billion finance plan for Oyu Tolgoi A finance plan for Ivanhoe Mines’ Oyu Tolgoi copper-gold-silver mining complex has been approved, with the company securing US$1.8 billion in bridging finance from a major international bank. The funding will cover completion of the first phase of the facility in southern Mongolia, which is expected to start commercial production in 2013. Construction of the first stage of the plant is 70% complete. Read the Full Story
MONGOLIA - New zones identified at Chandman Canadian-based Altan Rio Minerals has completed reconnaissance drilling at the KY porphyry intrusion targets of its Chandman Copper-Gold Project in western Mongolia. The company is also finalizing a deal with Gallant Minerals to take on ownership of all five tenements in its Khovd province project. Read the Full Story
PHILIPPINES - Nickel processing first for Intex & MCC8 The Philippines’ first refined nickel processing plant will be built in a partnership between Intex Resources and a branch of China’s Jinchuan group. Intex has signed a Memorandum of Understanding with the Chinese state-owned engineering and construction company MCC8 Group, a strategic partner of China’s largest nickel producer, the Jinchuan group, which is behind the central Mindoro Island project. Read the Full Story
PHILIPPINES - Strong interest from possible Agata partners Mindoro Resources says it has received strong interest from potential partners for its Agata Nickel Project on the Surigao Peninsula of Mindanao. The company announced in November 2011 it would seek a strategic partner to pursue and finance the project after scoping and feasibility studies confirmed it could host a low-cost high-value mine with a 20-year operating life. Read the Full Story
CHINA - Silvercorp nets US$43 million from Henan dividend Silvercorp Metals has banked a US$43 million cash dividend from its 77.5%-owned Chinese subsidiary Henan Found Mining’s 2010 profit distribution. Henan’s audited statutory financial statements confirm a RMB514.8 million profit in 2010, with the board of directors declaring 75% of that as cash dividends to its two shareholders. The dividend has been deposited into a Canadian bank. Read the Full Story
image MONGOLIA - US$1.8 billion finance plan for Oyu Tolgoi
image MONGOLIA - New zones identified at Chandman
image PHILIPPINES - Nickel processing first for Intex & MCC8
image PHILIPPINES - Strong interest from possible Agata partners
image CHINA - Silvercorp nets US$43 million from Henan dividend

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From the editor

Precious metals the only store of wealth
john

SOCIETY needs to realize that the world’s financial problems cannot be solved by governments printing more paper money and creating more debt, as has been the case since the link between gold and money was removed more than 40 years ago. Gold is the purest form of currency, followed by increasingly attractive silver, and the gold standard needs to be reintroduced.

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LINATEX provides total product solutions to the mining industry

 

Tony Siric, Global Rubber Sheet Manager, Linatex Group of Companies
With the demanding lower prices and stronger focus on the performance of products and value for money, Linatex discuss the real costs associated with lining work.

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The ASIA Miner announces new mining club

Peter JohnsonPeter Johnson, Publisher

Events have long been a part of The ASIA Miner portfolio, and we are pleased to announce the formation of the first Coal Club Indonesia which has been formulated to serve the needs of the mining industry throughout Southeast Asia.

For information on coming events, sponsorships, and programming, please contact me directly at peter@asiaminer.com.

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Kim Stanton-Cook Managing Director - Golden Cross Resources
The ASIA Miner is a very useful publication and subscribing is recommended to stay abreast of exploration and mining developments in Asia.

Jon Crowe Managing director - Boabab Resources
Nice feature folks, thank you again. And we've had a response from it.

Jamie Mathers - Ascenta Capital Partners Inc.
We received copies of the Asia Miner magazine late yesterday afternoon. The article and the cover photo look excellent! (Volume 7 Edition 4 - June-July 2010) We are all very pleased with what you people have done with this.
We will have this posted to our website right away, with proper credits of course.

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May I just say what a great magazine you have. I find the information provided very interesting to read and it is also an excellent research tool. It is sometimes hard to find information on the different mining operations throughout Asia. Your mag highlights me to what mines are out there and I follow on from there.

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I have just finished going through the most recent Asia Miner and would like to congratulate you on the quality and content of the publication.

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