• PHILIPPINES - Positive gold results from Anoling

    Medusa Mining has received encouraging diamond drill intersections from the Anoling gold project in the Philippines.

    Diamond drilling for the Australian-based company along the Hope Vein has returned potentially economic intersections over a strike length of 300 metres and the mineralization is still open at depth and to the east. A shorter strike length of mineralization on the Alcorn Vein has been indicated to date.

  • PHILIPPINES - Kay Tanda results lined with gold

    Mindoro Resources has received more impressive results from drilling at its Kay Tanda epithermal gold-silver prospect in the Philippines.

    These include final results from KTDH-20, from which a bonanza intercept of 1 metre of 246.41 grams/tonne gold has been reported. Final results are 61 metres grading 5.12 grams/tonne gold, which includes 11 metres of 25.42 grams/tonne gold from 17 to 28 metres, as well as the bonanza intercept.
  • Southern Gold Limited clarification statement

    In the article that appeared in the ASIA Miner magazine Vol 4, Third Quarter July - September 2007 - "Cambodia"s mining law" Southern Gold Limited incorrectly portrayed the payments required for the acquisition of MOU and EL tenements in Cambodia.

  • PAPUA NEW GUINEA - Results add to Solwara gold prospects

    New assay results confirm the high grade gold-copper-zinc mineralization of Nautilus Minerals" Solwara 5, 6 and 7 discoveries in the territorial waters of Papua New Guinea.

    Laboratory testing of 24 samples across the three prospects returned an average grade of 17.5 grams/tonne gold, 8.94% copper, 16.84% zinc and 298 grams/tonne silver.

  • INDIA - New mine and mill opened

    Uranium Corporation of India has opened a new uranium mine at Banduhurang in Jharkand state and also a new mill at Turamdih, which more than doubles processing capacity in the region.

  • GOLD - Rio Tinto increases Entr'e Gold interest

    The Rio Tinto Group has exercised warrants to buy more than 6.3 million shares in Entr"e Gold valued at more than $18 million.

  • URANIUM - Third drilling campaign at Stuart Shelf

    The third drilling campaign by Uranium Exploration Australia (UXA) on the highly prospective Stuart Shelf in South Australia"s Gawler Craton will include up to 20,000 metres of drilling.

    In South Australia, UXA has nine exploration licences and four exploration licence applications within a mineralized corridor that includes BHP Billiton"s Olympic Dam mine, Oxiana"s Prominent Hill mine development and the recently discovered Carrapateena deposit.

  • IRON ORE - Fox makes Mt Oscar discovery

    Fox Resources has discovered a potentially significant magnetite/haematite iron ore prospect on its Mt Oscar tenement in the Pilbara region of Western Australia.

    The Mt Oscar iron ore prospect is 32km east of Fox"s flagship Radio Hill nickel/copper mining operations and only 30km south of the major iron ore port of Cape Lambert. The area of interest is partially outcropping Banded Iron Formation (BIF) which is 5km long and 2km wide and is coincident with a regional magnetic high.

  • NICKEL - Jinchuan funds boost Allegiance prospects

    Emerging Australian nickel producer Allegiance Mining has received Aus$33.04 million from Jinchuan Nickel Group that will allow it to progress its nickel prospects in Tasmania.

    The funds represent payment for 41,300,000 ordinary shares at an issue price of Aus$0.80 with the arrangement approved by Chinese provincial and Central Government authorities. The transaction gives Jinchuan Group an 11% equity interest in Allegiance.

  • NICKEL AND COPPER - Bulk concentrate shipped to China

    Production at Fox Resources" Radio Hill nickel and copper mill in the Pilbara region of Western Australia has exceeded forecasts resulting in a bulk concentrate shipment of 115 tonnes of nickel and 211 tonnes of copper being sent to China recently.

    June was the first month of full production at Radio Hill after commissioning the second ball mill in May 2007 and the mill has now achieved its target throughput of 45 tonnes per hour.

  • ZINC AND COPPER - Tri Origin doubles resources

    Tri Origin Minerals has doubled resources at its flagship projects in New South Wales with JORC-compliant base and precious metals exceeding 25 million tonnes.

  • COMPANY & PRODUCT NEWS - BHP Billiton revises climate change policy

    BHP Billiton will take action within its own businesses and work with governments, industry and other stakeholders to address the global climate change challenge and find lasting solutions consistent with its goal of zero harm.

    The company believes accelerated action is required to stabilise greenhouse gas concentrations in the atmosphere at levels guided by the research of the Intergovernmental Panel on Climate Change and has, accordingly, revised its Climate Change Policy.

  • Safety in Mines

    Over the past few months Salzer Consulting and China International Mining Group (CIMG) have been working with The ASIA Miner magazine to create a forum for positive and useful debate on Safety in China.

    In the 4th Quarter 2007 publication, The ASIA Miner, Asia-Pacific"s leading bilingual resources magazine (published in English and Chinese), is proud to present an 8 to 16 page pull-out feature in the centre of the magazine. This special feature will be a handbook of case studies, tools and procedures already implemented at various workplaces to give the reader valuable knowledge regarding better safety practices within an already safe company.

    There will also be a discussion on the safety tools and philosophies each company implements, with the theme:

  • INDONESIA - Churchill signs coal agreement

    Churchill Mining will supply Indonesian power utility company PT Ridlatama Bangun Mandiri (PT RBM) with thermal coal for 30 years to feed two 30 megawatt power stations it is building in Kalimantan, Indonesia.

  • CHINA - Dynasty starts drill program at Red Valley

    Dynasty Gold has started a new US$1.47 million drill program at the Red Valley gold prospect in China.

    The exploration program is funded by AngloGold Ashanti and is being conducted by a joint Dynasty-AngloGold team. The program will include up to 5000 metres of diamond drilling on priority targets at the Red Valley and Xigou prospects.

  • FIJI - Encouraging gold assay results

    Geopacific Resources has received encouraging gold assay results from recent prospecting at the Vuda, Sabeto and Raki Raki projects in Fiji.

    At Ista"s Prospect in the Vuda Project, two diamond drill holes were located to test beneath silicified and pyritic outcrops with anomalous gold ranging up to 17grams/tonne gold in outcrop channel samples.

  • LAOS - Funds for Phu Kham development

    Pan Australian Resources has obtained loans of US$242 million, including US$160 million for development and construction of the Phu Kham Copper-Gold Project in Laos.

  • PHILIPPINES - Usmanov invests in Medusa exploration

    Gallagher, the investment company of one of the world"s richest men, Russian multi-billionaire Alisher Usmanov, has taken a 12.32% holding in Philippines-focused gold miner Medusa Mining.

    Gallagher"s holding comes via the placement of 17.5 million fully paid shares at Aus$1.15 per share to raise Aus$20,125,000 before costs. In addition 7 million un-listed options exercisable by 1 February 2009 at a price of Aus$1.60 will be issued to Gallagher subject to shareholder approval at a meeting in August.

  • PHILIPPINES - Further positive results from Agata

    Positive results from a further 11 drill holes at the Agata nickel laterite project in the Philippines are considered by Mindoro Resources to form a sound basis for fast-tracking the project.

    The limonite horizon on the two sections, 100 metres apart, averages 1.15% nickel and 44.77% iron over an average thickness of 6.63 metres. These grades exceed requirements for direct shipping grade ferro-nickel feedstock for nickel containing pig iron production in the Asia-Pacific region
  • PHILIPPINES - Promising estimate for Balabag prospect

    TVI Pacific has received a positive independently-prepared mineral resource estimate for its Balabag gold and silver prospect in the Philippines.

    The estimate for the Tinago-Miswi-Lalab mineralized zone shows indicated resources of 1.37 million tonnes averaging 2.9 grams/tonne gold and 84.3 grams/tonne silver with inferred resources amounting to 1.96 million tonnes averaging 2.6 grams/tonne gold and 55.2 grams/tonne silver.

  • PAPUA NEW GUINEA - Nautilus finds new seafloor system

    Nautilus Minerals has discovered Solwara 8, the eighth seafloor massive sulphide system in its exploration licences in the territorial waters of Papua New Guinea.

    Nautilus CEO David Heydon says: "The discovery of a further mineralized area in addition to the three new areas reported earlier this year is an excellent exploration hit rate and reinforces the prospects Nautilus has for further discoveries within our extensive tenement and application packages in Papua New Guinea, Tonga and Fiji.

  • URANIUM - High hopes for Marloo airborne survey

    Avalon Minerals believes an airborne electromagnetic (EM) survey covering its highly prospective Marloo Project in Western Australia"s Pilbara region will significantly enhance its uranium and base metals exploration activities.

  • URANIUM - Encouraging results from Gifford Creek

    Pegasus Metals has had encouraging results from ground spectrometer traverses at its Gifford Creek uranium project in Western Australia.

    Grades up to 112 ppm eU3O8 were recorded by a self-calibrating Exploranium GR-135G hand-held spectrometer along three traverses across portions of the project area.

  • LEAD-ZINC - Avalon accelerates Lennard Shelf exploration

    Avalon Minerals is expected to have its six key exploration licences within the world-class Lennard Shelf lead-zinc province of Western Australia approved.

    The tenements, adjacent to and along strike from Teck Cominco/Xstrata"s Lennard Shelf deposits, will be a key focus of Avalon"s exploration and growth strategy. The granting of the tenements will enable the company to expedite its exploration activities in the region.

  • AIMEX: COMPANY AND PRODUCT NEWS - FMC to display new FMC 2000 series conveyor idler rolls

    FMC Technologies will be displaying the new FMC 2000 series conveyor idler rolls, which exceed CEMA load ratings, on Stand 2020 during AIMEX 2007 - Asia Pacific"s International Mining Exhibition, to be held at Sydney"s Olympic Park from September 4 to 7, 2007.

  • URANIUM - Korab buys 90% interest in Batchelor

    Korab Resources has bought a 90% interest in the Batchelor project in the historic Rum Jungle uranium mine in the Northern Territory.

    Rum Jungle has produced 863,000 tonnes of ore grading between 0.27% and 0.43% uranium, showing great potential for Korab"s new acquisition as well as Uranium Australia which holds 90% of the uranium rights in Korab"s uranium project.

  • MONGOLIA - Baruun Naran coal resource is doubled

    QGX has more than doubled the measured and indicated tonnage of coking and thermal coal at its Baruun Naran project in Mongolia.

    The second NI 43-101 compliant resource estimate for Baruun Naran, independently prepared by McElroy Bryan Geological Services, of Sydney, Australia, delineated 252.9 million tonnes of measured and indicated coal resources, more than doubling the previous amount reported 12 months ago.

  • CHINA - Significant target areas at Huangnan

    A soil survey and geological mapping program has identified 10 significant exploration target areas at Maxy Gold"s Danbolongwa permit in the Huangnan copper-gold project, Qinghai Province, China.

    It is the first property incorporated under Maxy"s exploration alliance agreement with Western Mining Group.

  • INDONESIA - AWE signs exploration agreement

    AWE has entered into an agreement to earn a 42.5% interest in the offshore oil and gas Bulu Production Sharing Contract (PSC) area in the East Java basin, Indonesia.

    AWE will contribute up to a maximum of US$12 million primarily towards the drilling of two offshore wells to earn a 42.5% interest from Pearl Oil (Satria), a wholly-owned subsidiary of Aabar Petroleum Investments Company.

  • PAPUA NEW GUINEA - Marengo looks to North America for funds

    Marengo Mining plans to raise up to Aus$12.5 million in North America.

    The company has engaged Paradigm Capital to pitch the equity raising to North American and other international, institutional investors, and in addition to Australian investors.

  • PHILIPPINES - Bonanza intercept at Kay Tanda

    Mindoro Resources has intersected bonanza mineralization in a core hole at the Kay Tanda epithermal gold-silver prospect, Archangel Project, the Philippines.

    KTDH-20 intersected one metre @ 12.92 grams/tonne gold from 17 to 18 metres and one metre @ 246.41 grams/tonne gold from 25 to 26 metres. This is part of an intersection grading 11.49 grams/tonne gold over 25 metres. The mineralization is in classic epithermal hydrothermal breccias and stockworks and is considered to represent a true width intercept.

  • PHILIPPINES - Acquisition of Co-O mine royalty

    Medusa Mining has completed acquisition of a 1.32% uncapped gross royalty from Central Mindanao Mining Corporation at a cost of Php 44 million, equivalent to US$956,000.

  • CHINA - Sino Gold expands Shandong position

    Sino Gold has acquired three strategic exploration licences in Shandong Province in China.

    The licences cover 26sqkm and about 6km of the highly prospective Jiaojia Fault, which hosts a number of significant deposits each containing more than one million ounces of gold.

  • CHINA - Going direct to the source

    China is roaming the world to source metals directly from Africa and elsewhere in order to cut out middlemen such as the London Metal Exchange (LME), according to director of the Centre of Chinese Studies at South Africa"s Stellenbosch University, Matryn Davies.

  • CHINA - Building interest in South Australia

    The potential for China to increase its involvement with South Australia"s burgeoning minerals projects has been enhanced with the establishment of the state"s first private agency to promote this form of business.

    The agency, Kimberley Global, will focus on providing South Australian explorers and mine developers with access to niche market opportunities with Chinese investors while also linking Chinese resources interests with the South Australian mineral industry. Resources projects interstate will also be offered the service.

  • URANIUM - Kurundi drill target identified

    Assay results from Northern Uranium"s Kurundi uranium project confirm an 800 metre long drill target with potential for extension.

    Kurundi is 100km south-east of Tennant Creek in the Northern Territory.

  • COMPANY AND PRODUCT NEWS - Record Rio Tinto contract secured by QMASTOR

    QMASTOR will provide its Pit to Port.net and SMS3D.net systems for installation throughout Rio Tinto"s coal operations in Australia. It is the largest contract secured by QMASTOR with a revenue value expected to be more than $2.6 million spread over three years.

  • SOLOMON ISLANDS - Gold Ridge mineralization expanded

    Further drilling at Australian Solomons Gold 100% owned Gold Ridge mine in the Solomon Islands has expanded the gold mineralization.

    A diamond drilling program was recently completed with 37 holes drilled totalling 4536 metres and assay results received to date have been encouraging.

  • KAZAKHSTAN - Sekisovskoye gold project advances

    Hambledon Mining has made excellent progress towards completion of the processing facilities at its Sekisovskoye project in Kazakhstan and is now on the brink of joining the ranks of gold producing companies, according to Hambledon chief executive Nicholas Bridgen.

  • CHINA - 10 largest foreign miners with a gold focus

    The ASIA Miner electronic news service this week concludes the extracts from Goldletter International"s report on China"s gold industry. In the Third Quarter, July-September 2007 issue of The ASIA Miner magazine, we present Marino Pieterse"s overview that China will emerge as the world"s largest gold producer by 2010.

    This week we list the 10 largest foreign mining companies with a gold focus in China.

    The suggestion has been made in the past that China does not host any sizeable, continuous gold deposit amenable to commercial production based upon the fact that the largest mine was producing in the region of 100,000 ounces gold annually with the annual average closer to 16,000 ounces.

    This picture is outdated, however as production from its major national mines is growing, and production from a growing number of gold projects developed by foreign companies is coming on stream. These will contribute approximately 12.5 tonnes (400,000 ounces) of gold in 2008, equal to 5% of total production and this is expected to double by 2010.

    Missing many of the sophisticated techniques of the western approach including highly sensitive geochemical and geophysical survey as well as high-end interpretation of satellite imagery, China is relatively undiscovered. This offers a high potential for successful exploration.

  • LAOS - Zinc and lead prospects targeted

    Rox Resources has started drilling to test several targets at the Bon Noi and Nam Yen prospects at the Pha Luang zinc and lead project inLaos.

  • PHILIPPINES - Positive drill results from Balabag

    TVI Pacific has received further positive results from TVI Resource Development"s (TVIRD) infill drilling program on the Tinago-Miswi-Lalab vein system at its Balabag Property in the Philippines.

    Balabag is on the Zamboanga Peninsula in Southern Philippines, about 75km north-east of TVIRD"s Canatuan mine. The drill program was designed to provide further delineation of the epithermal gold vein system and to determine the consistency and continuity of reported mineral values.

  • THAILAND - Commitment to nuclear power

    Thailand"s Electricity Generating Authority plans to build a 4000 MWe nuclear power plant. The strategy is part of Thailand"s plans to cut its reliance on gas.

  • KYRGYZ REPUBLIC-AUSTRALIA - Kentor placement completed

    Sydney-based private investment bank Far East Capital has committed Aus$2.6 million to help fund the development of Kentor Gold"s projects in Australia and the Kyrgyz Republic.

  • NICKEL - Study for construction of smelter in Zambia

    Jinchuan Group is conducting a feasibility study for the construction of a nickel smelter to treat concentrates from Albidon"s Munali nickel project in Zambia.

  • URANIUM - Sparton increases interest in recovery program

    Sparton Resources has increased its interest in a secondary uranium recovery project in China.

    Sparton and its China-based partner Beijing John Hanseng Investment Consulting (BJH) have signed a Memorandum of Understanding (MOU) with ARCN, the Airborne Remote Sensing Institute branch of the China National Nuclear Corporation (CNNC), to increase their joint interest in the program from 60% to 80%.

  • URANIUM - High grade results from Four Mile

    Uranium, gold and copper group Alliance Resources has identified further high-grade uranium intersections at the Four Mile uranium prospect in South Australia.

    Drilling has identified a significant new high-grade zone of uranium mineralization in the southern area of the prospect.

  • MOVERS and SHAKERS - Laufmann takes over Indophil reins

    Lihir Gold Australian operations executive general manager Richard Laufmann has been appointed Indophil Resources managing director.

    Richard Laufmann was the former Ballarat Goldfields managing director which was bought out by Lihir Gold.

  • VIETNAM - Extra capital for Ban Phuc development

    Asian Mineral Resources will sell 1,375,150 common shares at $2 a share to fund further development of its Ban Phuc nickel project in northern Vietnam.

    A portion of the $2,750,000 proceeds will also be used by Asian Mineral Resources for general working capital purposes.

  • CHINA - Promising test results from Qi-2

    The first round of metallurgical test results from Dynasty Gold"s Qi-2 gold deposit in the Hatu Project in China is showing high grade sample recoveries of an average 66.9%.

    The metallurgy of the Qi-2 area is variable. Two preliminary samples taken during 2005 indicated the presence of refractory ore with recoveries of less than 50% as well as non-refractory ore with recoveries of 95%.

  • PHILIPPINES - Agata drilling exceeds expectations

    Results from the first two drill sections on Mindoro Resources" Agata nickel laterite project in the Philippines have exceeded expectations.

    Mindoro management considers the results form a sound basis for fast-tracking the project. Haul road designs have been completed and the contract for the Environmental Compliance Certificate has been let.

  • INDONESIA - J3 Prospect further defined

    A preliminary scout diamond drilling program at Southern Arc Minerals" J3 Prospect on Sumbawa Island, Indonesia, has further defined gold and silver mineralization.

    The J3 Prospect is in the south-eastern corner of Southern Arc"s Taliwang property, about 12km north of Newmont"s Batu Hijau porphyry copper and gold mine.

  • PAPUA NEW GUINEA - Vessel for Solwara 1 project

    Nautilus Minerals has signed a contract for construction of a 191 metre vessel to be used at Solwara 1, the company"s deep sea copper and gold mining project off Papua New Guinea.

    The Jan De Nul Group, one of the world"s leading dredging companies, has signed the shipbuilding contract with La Naval, in Sestao Northern Spain for the construction of "Jules Verne".

  • CHINA - Reducing carbon emissions

    China"s National Development and Reform Commission (NDRC) has targeted a 20% reduction in energy intensity per unit of GDP and says China will move to increased use of clean and low carbon energy sources.

  • CHINA-AUSTRALIA - Agreement on biomass research

    Clean fuel technologist Eden Energy has signed a research agreement with a Chinese university to explore the use of biomass as a base ingredient for production of the company"s patented hydrogen enriched methane fuel mixture, Hythane.

    The agreement is with the Henan Agricultural University of Zheng Zhou in the Henan province in north-eastern China.

  • CHINA - Government encouraging foreign investment

    The ASIA Miner electronic news service continues this week to provide extracts from Goldletter International"s report on China"s gold industry. In the Third Quarter - July-September 2007 issue of The ASIA Miner magazine, we present Marino Pieterse"s overview that China will emerge as the world"s largest gold producer by 2010.

    This week we present the topic of China"s Government encouraging foreign investment.

    One of the specific aims of the 1990s" initiatives was to try and attract foreign investment into the Chinese gold mining industry.

  • IRON ORE - Gindalbie and AnSteel agree on Karara project

    AnSteel (Anshan Iron & Steel Group) will take a strategic equity position in Gindalbie Metals

    The proposed investment will strengthen the relationship between Gindalbie and AnSteel, and represents a vote of confidence by AnSteel in the joint development of Karara.

  • URANIUM - Alliance to develop South Australian deposits

    Sinosteel Corporation and PepinNini Minerals have finalised their joint venture to manage and operate development of the Crocker Well and Mt Victoria uranium deposits in the Curnamona Province of South Australia.

  • MOVERS & SHAKERS - New Kentor managing director

    Kentor Gold has appointed Simon Milroy as its new managing director and chief executive officer.

    Simon Milroy, 40, is a mining engineer who most recently spent nearly four years as Pan Australian Resources general manager - project development and manager technical services in Laos. In those roles he was responsible for scoping and feasibility studies, evaluations of projects and companies, ore reserves and technical support of the company"s operations.