THE BOURSE WHISPERER: Carpentaria Exploration (ASX: CAP) informed the market the Hawsons iron project Joint Venture has secured port access for up to 12 million tonnes per annum of iron ore concentrate through the existing berths at Port Pirie and has also been granted foundation customer status.

Carpentaria said Flinders Ports and the JV have agreed to jointly fund a rail-port-marine study into the best option for exporting 10 to 20mtpa of iron ore to 180,000 tonne vessels (Cape size) through Port Pirie.

Under the agreement the Hawsons JV will have a first right of refusal for export of up to 12mtpa of iron ore concentrate through the port, conditional upon further study cooperation between the parties....
http://www.resourcesroadhouse.com.au/_blog/Resources_Roadhouse/post/carpentaria-announces-hawsons-jv-port-access-deal/
The Mining Hub
July 23, 2014 6:54:39 AM
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A recent exploration program at the Metemana-Metekavil area of Papuan Precious Metals’ New Hanover project has resulted in discovery of a new gold-copper porphyry system.

Field work, including mapping, outcrop sampling and a ridge and spur soil sampling program, identified the new system in the 2km x 5km Randei prospect area, which is open to the coast. The company is awaiting the results of geochemical analysis.

There were 32 mineralized samples collected comprising both outcrop grab and 5 metre channel samples. Copper mineralization in the form of covellite, chalcopyrite, bornite, chalcocite and malachite were observed in these samples. There were 61 soil samples collected over ridges and spurs at 50 metre spacing.

Follow-up activity being considering includes a grid-based soil sampling program to define drill targets....
http://www.asiaminer.com/news/latest-news/5879-papua-new-guinea-new-system-discovered-at-new-hanover.html#.U87m6fmSySo
The Mining Hub
New Hanover
July 23, 2014 6:36:14 AM
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Australia's largest gold miner Newcrest is preparing to fight a class action by shareholders hurt by a massive financial writedown in 2013.

The move comes a month after Newcrest was fined $1.2 million by the corporate watchdog for selectively providing market sensitive information to analysts.

Newcrest Mining downgraded its production forecasts and reduced the value of its assets by more than $6 billion on June 7, 2013, partly due to the significant fall in the gold price.

Law firm Slater and Gordon on Monday filed proceedings in the Federal Court in Melbourne on behalf of investors who bought shares in Newcrest between August 13, 2012, and June 6, 2013.

The claim alleges Newcrest had no reasonable grounds to issue its August 2012 gold production forecast, and misled and deceived investors leading up to June 2013.

Newcrest on Tuesday said it would "vigorously defend" itself against the claims....
http://www.sbs.com.au/news/article/2014/07/22/newcrest-fight-court-action

Newcrest to fight court action

Newcrest says it will "vigorously" defend itself in a class action brought by shareholders after the gold miner's $6b asset writedown.

Australia's largest gold miner Newcrest is preparing to fight a class action by shareholders hurt by a massive financial writedown in 2013.

The move comes a month after Newcrest was fined $1.2 million by the corporate watchdog for selectively providing market sensitive information to analysts.

Newcrest Mining downgraded its production forecasts and reduced the value of its assets by more than $6 billion on June 7, 2013, partly due to the significant fall in the gold price....

The Mining Hub
July 23, 2014 6:32:31 AM
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Shares in Thundelarra Resources have been placed in a trading halt pending an announcement about a capital raising.

Shares in the explorer have spiked in recent weeks to a three-year high of 36 cents over high grade copper hits at its Red Bore prospect in the Doolgunna region near Meekatharra.

Thundelarra shares last traded yesterday for 23.5 cents. ...
https://au.news.yahoo.com/thewest/business/wa/a/24517579/thundelarra-flags-capital-raising/

Thundelarra flags capital raising

Shares in Thundelarra Resources have been placed in a trading halt pending an announcement about a capital raising.

Shares in the explorer have spiked in recent weeks to a three-year high of 36 cents over high grade copper hits at its Red Bore prospect in the Doolgunna region near Meekatharra.

Thundelarra shares last traded yesterday for 23.5 cents....

The Mining Hub
Red Bore
July 23, 2014 6:29:12 AM
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Blackham Resources has moved to limit fallout from an ugly battle between sacked chairman Joe Gutnick and the rest of its board by holding a shareholder showdown "as soon as possible" to settle control of the gold aspirant.

It came as it appointed 6.3 per cent shareholder Paul Murphy as chairman, replacing Mr Gutnick.

The Bryan Dixon-run Blackham yesterday also announced another group of investors, owning 19 per cent, had requisitioned a meeting of shareholders to remove Mr Gutnick from the board.

Blackham said it intended to hold the meeting on the same day as the one called by Mr Gutnick on Friday, so investors could vote on "which board members they believe are best positioned to move the Matilda gold project into production and add value for all shareholders"....
https://au.news.yahoo.com/thewest/business/wa/a/24517047/investors-set-to-axe-gutnick/

Investors set to axe Gutnick

Blackham Resources has moved to limit fallout from an ugly battle between sacked chairman Joe Gutnick and the rest of its board by holding a shareholder showdown "as soon as possible" to settle control of the gold aspirant.

It came as it appointed 6.3 per cent shareholder Paul Murphy as chairman, replacing Mr Gutnick.

The Bryan Dixon-run Blackham yesterday also announced another group of investors, owning 19 per cent, had requisitioned a meeting of shareholders to remove Mr Gutnick from the board....

The Mining Hub
Matilda
July 23, 2014 6:05:00 AM
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Gold miner Newcrest Mining is facing class action, after it admitted to breaching ASX disclosure rules.

The miner reported on Tuesday that law firm Slater & Gordon had been instructed to start representative proceedings in the Federal Court against Newcrest.

Last month, the gold miner admitted to breaching the disclosure laws after an investigation by the Australian Securities and Investment Commission (Asic).

The Asic accusations related to a series of briefings to analysts in 2013, in which Newcrest disclosed information regarding the company’s expected gold production for the 2013/14 financial year and information regarding its expected capital expenditure for the 2013/14 financial year.

The industry watchdog applied to the Federal Court seeking a declaration of two contraventions, and aggregate civil penalties of A$1.2-million, which the Federal Court granted in July....
http://www.miningweekly.com/article/newcrest-faces-class-action-over-disclosure-breaches-2014-07-22

Newcrest faces class action over disclosure breaches

PERTH (miningweekly.com) – Gold miner Newcrest Mining is facing class action, after it admitted to breaching ASX disclosure rules.

The miner reported on Tuesday that law firm Slater & Gordon had been instructed to start representative proceedings in the Federal Court against Newcrest.

Last month, the gold miner admitted to breaching the disclosure laws after an investigation by the Australian Securities and Investment Commission (Asic).

The Asic accusations related to a series of briefings to analysts in 2013, in which Newcrest disclosed information regarding the company’s expected gold production for the 2013/14 financial year and information regarding its expected capital expenditure for the 2013/14 financial year....

The Mining Hub
July 23, 2014 6:00:09 AM
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Coal developer Bandanna Energy was facing one less impediment to the development of its Springsure Creek coal project, in Queensland, after a second objection to the project was withdrawn.

In April this year, the ASX-listed Bandanna announced that only six objections had been received at the end of the public notification period for the Springsure Creek project’s three mining lease applications.

Of the six objections, three were from directly-affected landowners, two from remote landowners in relation to groundwater, and one from a community group.

Bandanna said on Tuesday that it would continue to work closely with the remaining four objectors and was seeking to resolve the objections within the coming weeks.

The company previously said that the timing of the construction of the Springsure Creek project remained uncertain, as Bandanna worked to finalise the project approvals, as well as secure the required funding....
http://www.miningweekly.com/article/bandanna-resolves-some-springsure-creek-objections-2014-07-22

Bandanna resolves some Springsure Creek objections

PERTH (miningweekly.com) – Coal developer Bandanna Energy was facing one less impediment to the development of its Springsure Creek coal project, in Queensland, after a second objection to the project was withdrawn.

In April this year, the ASX-listed Bandanna announced that only six objections had been received at the end of the public notification period for the Springsure Creek project’s three mining lease applications.

Of the six objections, three were from directly-affected landowners, two from remote landowners in relation to groundwater, and one from a community group....

The Mining Hub
Springsure Creek
July 23, 2014 5:56:34 AM
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Winnipeg-based junior miner San Gold (TSX: SGR) is merging with Toronto-based explorer and developer Kerr Mines (TSX: KER), where the former intends to transfer its turnaround plan at the Rice Lake complex to Kerr’s recently acquired Copperstone gold mine in Arizona, in a move that will put it closer to becoming a mid-tier producer.

The proposed all-share combination reflects San Gold’s new strategy of controlling costs and running high grade mines at optimum levels to “match the geometry of the orebodies,” the company’s president Gestur Kristjansson said in a release.

Not too long ago, San Gold suffered from setting its production targets too high and not being able to meet them at its Rice Lake complex near Bissett, MB. This frustrated investors as it was operating the three mines within that complex, namely 007, Hinge and Rice Lake, at a loss.....
http://www.canadianminingjournal.com/news/san-gold-to-merge-with-kerr-mines/1003169681/

San Gold to merge with Kerr Mines

Winnipeg-based junior miner San Gold (TSX: SGR) is merging with Toronto-based explorer and developer Kerr Mines (TSX: KER), where the former intends to transfer its turnaround plan at the Rice Lake complex to Kerr’s recently acquired Copperstone gold mine in Arizona, in a move that will put it closer to becoming a mid-tier producer.

The proposed all-share combination reflects San Gold’s new strategy of controlling costs and running high grade mines at optimum levels to “match the geometry of the orebodies,” the company’s president Gestur Kristjansson said in a release....

The Mining Hub
Rice Lake
July 23, 2014 5:50:42 AM
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Australia’s mining industry has been touched by the tragedy of downed flight MH17, with the untimely loss of the children of Buxton Resources managing director Anthony Maslin.

Buxton announced today that Maslin would take personal leave for an indefinite period.

Day-to-day operations of the company will be handled by chairman Seamus Cornelius and other members of the board and company officers.

Maslin’s children, 10 year-old Evie, 12 year-old Mo and 8 year-old Otis were travelling with their 68 year-old grandfather Nick Norris on Malaysian Airlines flight MH17 when the Boing 777 was shot down by Ukrainian pro-Russian separatists....
http://www.miningaustralia.com.au/news/mh17-tragedy-strikes-wa-mining-industry-md

MH17 tragedy strikes WA mining industry MD

Australia’s mining industry has been touched by the tragedy of downed flight MH17, with the untimely loss of the children of Buxton Resources managing director Anthony Maslin.

Buxton announced today that Maslin would take personal leave for an indefinite period.

Day-to-day operations of the company will be handled by chairman Seamus Cornelius and other members of the board and company officers.

Maslin’s children, 10 year-old Evie, 12 year-old Mo and 8 year-old Otis were travelling with their 68 year-old grandfather Nick Norris on Malaysian Airlines flight MH17 when the Boing 777 was shot down by Ukrainian pro-Russian separatists....

The Mining Hub
July 23, 2014 5:48:14 AM
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If you’re a junior miner in the market for quality used mining equipment, you may have missed a golden auction opportunity at Mount Isa last week.

Buyers from around Australia converged on the mining town to pick through more than 500 items no longer required by Mount Isa Mines.

The company holds a used equipment auction on site, once every 18 to 24 months.

Supply manager at Mt Isa mines Hugh Werrett said the auction enhanced the company’s sustainable development performance while presenting a valuable opportunity for buyers to secure quality items.

“The auction means our retired equipment and disused materials are given a new life elsewhere,” he said...
http://www.miningaustralia.com.au/news/mt-isa-mines-attracts-junior-miners-on-the-hunt-fo

Mt Isa Mines attracts junior miners on the hunt for auction bargains

If you’re a junior miner in the market for quality used mining equipment, you may have missed a golden auction opportunity at Mount Isa last week.

Buyers from around Australia converged on the mining town to pick through more than 500 items no longer required by Mount Isa Mines.

The company holds a used equipment auction on site, once every 18 to 24 months.

Supply manager at Mt Isa mines Hugh Werrett said the auction enhanced the company’s sustainable development performance while presenting a valuable opportunity for buyers to secure quality items....

The Mining Hub
Mount Isa (Cu orebodies)
July 23, 2014 5:45:13 AM
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Japan’s Itochu Corp (TYO:8001) and Sumitomo Corp (TYO:8053) are looking to sell a combined 45% interest in the NCA Project coal venture operated by Glencore PLC (LON:GLEN) in Australia.

According to The Wall Street Journal, Itochu has hired JP Morgan to help it find a buyer for its 35% interest and Sumitomo has enlisted Rothschild to advise it on selling its 10% stake as the Japanese trading companies move to reduce their exposure to mining amid a commodity price downturn.

The NCA Project involves central Queensland’s Newlands and Collinsville mines, which are able to produce 17 million tonnes of thermal coal and coking coal per year, the newspaper said.

But mine managers have recently cut output below peak levels to protect profits, with coal prices near multiyear lows, it said. Thermal coal is used for power generation and coking coal for steelmaking....
http://www.mining.com/itochu-sumitomo-seek-to-sell-glencore-stake-19280/

Itochu, Sumitomo seek to sell Glencore stake

Japan’s Itochu Corp (TYO:8001) and Sumitomo Corp (TYO:8053) are looking to sell a combined 45% interest in the NCA Project coal venture operated by Glencore PLC (LON:GLEN) in Australia.

According to The Wall Street Journal, Itochu has hired JP Morgan to help it find a buyer for its 35% interest and Sumitomo has enlisted Rothschild to advise it on selling its 10% stake as the Japanese trading companies move to reduce their exposure to mining amid a commodity price downturn.

The NCA Project involves central Queensland’s Newlands and Collinsville mines, which are able to produce 17 million tonnes of thermal coal and coking coal per year, the newspaper said....

The Mining Hub
Collinsville
July 23, 2014 5:39:35 AM
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Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced that mining solutions leader Joy Global will implement Meridium’s APM software across its global Life Cycle Management (LCM) business units for both surface and underground mining equipment. Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies, increasing equipment uptime and improving service contract performance.

“Having already realized the benefits from an earlier Meridium implementation for Joy Global Surface Mining, we are confident in Meridium’s ability to deliver outstanding value to both the Surface and Underground sides of the business,” said Matt Beaudry, Program Manager Life Cycle Management at Joy Global. “Through our partnership with Meridium, we will be able to better integrate prognostics with our maintenance strategies and optimize equipment performance for our customers.”...
http://www.mining.com/web/joy-global-picks-meridium-to-optimize-asset-performance-and-equipment-reliability/

Joy Global picks Meridium to optimize asset performance and equipment reliability

Meridium®, Inc. (www.meridium.com), the global leader in asset performance management (APM) software and services, today announced that mining solutions leader Joy Global will implement Meridium’s APM software across its global Life Cycle Management (LCM) business units for both surface and underground mining equipment.  Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies, increasing equipment uptime and improving service contract perfo...

The Mining Hub
July 23, 2014 5:37:54 AM
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New Brunswick-based drilling contractor Major Drilling (TSE:MDI) said Monday it has agreed to buy Taurus Drilling Services's operations in a $39 million deal.

In a statement, Major Drilling said that on closing it will pay $15.9 million in cash, $7.5 million in Major Drilling shares and $4.3 million in assumption of debt, adding up to $27.7 million.

On top of this, Major Drilling will pay a maximum of $11.5 million tied to performance, according to the statement. The additional payout period lasts for three years, beginning August 1, with payments contingent on growing EBITDA run rates above current levels.

The purchase will result in Major Drilling–which operates in Canada, the US, Mexico, South America, Australia, Europe, Asia, and Africa–obtaining 39 drill rigs as well as related equipment, inventory and contracts.

http://www.mining.com/major-drilling-to-buy-taurus-drilling-ops-for-39-mln-61237/

Major Drilling to buy Taurus Drilling ops for $39 mln

New Brunswick-based drilling contractor Major Drilling (TSE:MDI) said Monday it has agreed to buy Taurus Drilling Services's operations in a $39 million deal.

In a statement, Major Drilling said that on closing it will pay $15.9 million in cash, $7.5 million in Major Drilling shares and $4.3 million in assumption of debt, adding up to $27.7 million.

On top of this, Major Drilling will pay a maximum of $11.5 million tied to performance, according to the statement. The additional payout period lasts for three years, beginning August 1, with payments contingent on growing EBITDA run rates above current levels....

The Mining Hub
July 22, 2014 1:46:02 PM
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Visible gold and copper sulphides have been identified in the first two trenches completed in this year’s field program at the Aucu deposit of White Cliff Minerals’ Chanach project in the western part of the Tien Shan Belt.

The trenches contain extensive zones of copper and gold mineralization and in some samples visible gold and chalcopyrite were identified.

Best trench channel sample results are: 10 metres @ 2.94% copper and 8 grams/tonne gold, including 3 metres @ 7l7% copper and 19.8 grams/tonne gold; and 22 metres @ 2.5 grams/tonne gold, including 4 metres @ 4.5 grams/tonne gold and 5 metres @ 5.5 grams/tonne gold.

The trenches were designed to extend and deepen the high-grade mineralization reported in January this year. They have confirmed the initial results and have extended the initial mineralization to the south. Multiple additional smaller zones of copper and gold mineralization were also identified surrounding the major mineralized zones which strike west-north-west and dip steeply to the southwest....
http://www.asiaminer.com/news/latest-news/5881-kyrgyz-republic-visible-gold-and-copper-in-aucu-trenches.html#.U82ugPmSySo
The Mining Hub
Chanach
July 22, 2014 8:22:36 AM
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Business confidence is in for a boost following the repeal of the "dead weight" carbon tax, business leaders say. Australian Chamber of Commerce and Industry (ACCI) chief executive Kate Carnell says businesses will "breathe a sigh of relief" now that the tax has gone.

"The carbon tax was a dead weight on the Australian economy and abolishing it is a win for consumers, a win for energy users and a win for business," she said on Thursday. "Abolishing the carbon tax should help stimulate business and economic growth and help restore all-important investment confidence."

The Australian Industry Group also welcomed the repeal of the tax, but said the process had been marred by political gamesmanship. "While we have a positive outcome, the process leading up to it was unfortunately chaotic and opaque," AiG chief executive Innes Willox said. "We strongly urge all parties to ensure that future legislative changes can be considered in detail and consulted with business and others who are affected well before a vote."
http://www.sbs.com.au/news/article/2014/07/17/carbox-tax-axe-boosts-investor-confidence

Carbox tax axe boosts investor confidence

Australian business leaders say the abolition of the carbon tax will help restore confidence.

Business confidence is in for a boost following the repeal of the "dead weight" carbon tax, business leaders say.

Australian Chamber of Commerce and Industry (ACCI) chief executive Kate Carnell says businesses will "breathe a sigh of relief" now that the tax has gone.

"The carbon tax was a dead weight on the Australian economy and abolishing it is a win for consumers, a win for energy users and a win for business," she said on Thursday....

The Mining Hub
July 22, 2014 8:19:27 AM
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An increasingly bitter dispute between the Indian owner of Collie's Griffin Coal mine and its main contractor could be headed for the courts.

In a potentially serious development for the security of power supplies in the South West, it is understood negotiations between Carna Civil and Min- ing and Lanco Infratech have deteriorated. Carna, the Waroona-based business that has managed Griffin since last year, suspended operations on Thursday amid a row over allegedly unpaid debts owed by Lanco.

The contractor is believed to have claimed it is owed between $20 million and $30 million, a figure Lanco disputes....
https://au.news.yahoo.com/thewest/business/wa/a/24516984/lanco-carna-talks-tank/

Lanco, Carna talks tank

An increasingly bitter dispute between the Indian owner of Collie's Griffin Coal mine and its main contractor could be headed for the courts.

In a potentially serious development for the security of power supplies in the South West, it is understood negotiations between Carna Civil and Min- ing and Lanco Infratech have deteriorated.

Carna, the Waroona-based business that has managed Griffin since last year, suspended operations on Thursday amid a row over allegedly unpaid debts owed by Lanco.

The contractor is believed to have claimed it is owed between $20 million and $30 million, a figure Lanco disputes....

The Mining Hub
Ewington
July 22, 2014 8:08:25 AM
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Nickel miner Poseidon Nickel on Monday revealed plans to pre-start engineering activities at its recently acquired Black Swan nickel plant.

The miner has placed several contracts to undertake work on the plant, including supplying key financial and technical data for an integrated operation that would include up to 600 000 t/y of Windarra ore, combined with 500 000 t/y of Black Swan ore, which would be processed through the existing plant.

The scope of the work would include a geological review, plant re-commissioning studies and an operating cost budget.

Poseidon intended to have the work completed by the end of July. The ASX-listed miner acquired the Black Swan operation, in Western Australia, from Russian Major Norilsk Nickel for an undisclosed amount. The project consists of a 2.15-million-tonne-a-year plant and an openpit mine estimated to contain about 185 800 t of nickel....
http://www.miningweekly.com/article/poseidon-reveals-plans-for-black-swan-2014-07-21

Poseidon reveals plans for Black Swan

PERTH (miningweekly.com) – Nickel miner Poseidon Nickel on Monday revealed plans to pre-start engineering activities at its recently acquired Black Swan nickel plant.

The miner has placed several contracts to undertake work on the plant, including supplying key financial and technical data for an integrated operation that would include up to 600 000 t/y of Windarra ore, combined with 500 000 t/y of Black Swan ore, which would be processed through the existing plant.

The scope of the work would include a geological review, plant re-commissioning studies and an operating cost budget....

The Mining Hub
Black Swan
July 22, 2014 8:04:11 AM
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Gold miner AngloGold Ashanti has inked an infrastructure agreement with natural gas infrastructure group APA Group for the transportation of natural gas to the Sunrise Dam and Tropicana gold mines, in Western Australia.

APA would construct a new 292 km pipeline which would connect its Goldfields Gas Pipeline through the lateral pipeline at the Murrin Murrin nickel mine, and extend it past Sunrise Dam to Tropicana. Construction would start in February next year, and first gas at Tropicana was expected in January 2016.

The pipeline and associated infrastructure would be constructed for a total capital cost of A$140-million. “Gas power generation is expected to reduce cash operating costs at both sites between A$25/oz and A$30/oz,” said AngloGold Ashanti senior VP for Australia Michael Erickson....
http://www.miningweekly.com/article/anglogold-ashanti-signs-gas-supply-for-tropicana-2014-07-21

AngloGold Ashanti signs gas supply for Tropicana

PERTH (miningweekly.com) – Gold miner AngloGold Ashanti has inked an infrastructure agreement with natural gas infrastructure group APA Group for the transportation of natural gas to the Sunrise Dam and Tropicana gold mines, in Western Australia.

APA would construct a new 292 km pipeline which would connect its Goldfields Gas Pipeline through the lateral pipeline at the Murrin Murrin nickel mine, and extend it past Sunrise Dam to Tropicana.

Construction would start in February next year, and first gas at Tropicana was expected in January 2016....

The Mining Hub
Tropicana
July 22, 2014 8:02:16 AM
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Sirius Resources NL (ASX:SIR) announced that further nickel sulphide mineralisation has been identified in the second reconnaissance hole (SPBD0047) drilled more than 1 kilometre north along strike of the high grade massive nickel sulphide mineralisation recently intersected in reconnaissance diamond drill hole SPBD0046 at the Taipan prospect.
--Disseminated and blebby nickel sulphide mineralisation in second reconnaissance hole SPBD0047 over 1km north of the Taipan discovery hole
--Several historic EM conductors confirmed on the Taipan trend
--Nickel sulphide mineralisation now identified over 5 km along the Halls Knoll-Taipan trend demonstrating the exceptional prospectivity of this underexplored region
--Drilling program being planned to follow up the massive nickel sulphide mineralisation recently intersected in hole SPBD0046 and to systematically test the trend
--Once current hole is complete, the rig will move to Nova to start precollars for diamond holes planned to test the newly identified EM conductor beneath nova
--Follow up EM surveys of Halls Knoll-Taipan trend to commence in 2 weeks

This is an outstanding result given it is located at a significant distance from the Taipan discovery hole, and that the company has now identified nickel sulphide mineralisation in numerous drillholes covering 5 kilometres of strike....
http://www.commodityonline.com/news/sirius-resources-reports-further-nickel-sulphide-discovery-at-taipan-prospect-59376-3-59377.html
The Mining Hub
July 22, 2014 7:26:16 AM
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SNC-Lavalin has signed a contract with Stornoway Diamonds (Canada) Inc. to provide project management, detailed engineering, procurement and construction management (EPCM) services for the Renard diamond project located in the James Bay region of Quebec. The capital cost related to SNC-Lavalin's scope of services is estimated at over $425 million.

SNC-Lavalin will provide EPCM services for the mineral processing plant, a liquid natural gas (LNG) power plant and other on-site utilities, including service buildings, water treatment facilities and infrastructure. SNC-Lavalin previously participated in the front-end engineering phase of the project which began in 2012. Certain specialized engineering and field support services related to the processing plant and recovery circuits will be subcontracted to AMEC Americas and DRA Americas....
http://www.canadianminingjournal.com/news/diamonds-snc-lavalin-wins-epcm-contract-for-stornoways-renard-project/1003167414/

DIAMONDS: SNC-Lavalin wins EPCM contract for Stornoway's Renard project

MONTREAL – SNC-Lavalin has signed a contract with Stornoway Diamonds (Canada) Inc. to provide project management, detailed engineering, procurement and construction management (EPCM) services for the Renard diamond project located in the James Bay region of Quebec. The capital cost related to SNC-Lavalin's scope of services is estimated at over $425 million.

SNC-Lavalin will provide EPCM services for the mineral processing plant, a liquid natural gas (LNG) power plant and other on-site utilities, including service buildings, water treatment facilities and infrastructure. SNC-Lavalin previously participated in the front-end engineering phase of the project which began in 2012. Certain specialized engineering and field support services related to the processing plant and recovery circuits will be subcontracted to AMEC Americas and DRA Americas....

The Mining Hub
Renard
July 22, 2014 7:20:06 AM
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Cameco (TSX:CCO)(NYSE:CCJ) today provided an update on recent developments at the Cigar Lake uranium mine in northern Saskatchewan.
The Cigar Lake uranium deposit occurs at depths ranging from 410 to 450 metres below the surface where the water-saturated Athabasca sandstone meets the underlying basement rocks. To prevent water from entering the production areas of the mine and to help stabilize weak rock formations, the ore zone and surrounding ground is being frozen by circulating a brine solution through cased holes drilled from both surface and underground.

As part of the ongoing commissioning process, Cameco has been assessing the current state of ground freezing at Cigar Lake. We have determined that freezing has not advanced as quickly as expected in some localized areas of the mine. Given that the McClean Lake mill has not yet started processing Cigar Lake ore, we have decided to temporarily stop jet-boring at Cigar Lake to allow the ore body to freeze more thoroughly in these areas. The additional freezing will allow more continuous production at the mine once the mill is operational....
http://www.canadianminingjournal.com/news/uranium-cameco-provides-update-on-cigar-lake-mine/1003161518/

URANIUM: Cameco Provides Update on Cigar Lake Mine

SASKATOON, SASKATCHEWAN -- Cameco (TSX:CCO)(NYSE:CCJ) today provided an update on recent developments at the Cigar Lake uranium mine in northern Saskatchewan.

The Cigar Lake uranium deposit occurs at depths ranging from 410 to 450 metres below the surface where the water-saturated Athabasca sandstone meets the underlying basement rocks. To prevent water from entering the production areas of the mine and to help stabilize weak rock formations, the ore zone and surrounding ground is being frozen by circulating a brine solution through cased holes drilled from both surface and underground....

The Mining Hub
Cigar Lake
July 22, 2014 7:18:51 AM
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Adani is pushing ahead with plans to develop its $16 billion Carmichael mine in Queensland’s Galilee Basin, with Korean company Posco set to build the 388km railway needed to transport the commodity to port.

The deal is understood to be worth around $2.2 billion and will see the standard gauge railway be constructed from the Carmichael deposit in the northern part of the Galilee to already established rail lines in the Bowen Basin.

The rail infrastructure will be capable of carrying 60 million tonnes of coal per year.

The coal will then be exported through the Abbott Point coal terminal to India where the vertically integrated Adani will use it to fuel power stations....
http://www.miningaustralia.com.au/news/rail-deal-to-open-up-coal-rich-galilee-basin-to-mi

Rail deal to open up coal-rich Galilee Basin to mining

Adani is pushing ahead with plans to develop its $16 billion Carmichael mine in Queensland’s Galilee Basin, with Korean company Posco set to build the 388km railway needed to transport the commodity to port.

The deal is understood to be worth around $2.2 billion and will see the standard gauge railway be constructed from the Carmichael deposit in the northern part of the Galilee to already established rail lines in the Bowen Basin.

The rail infrastructure will be capable of carrying 60 million tonnes of coal per year....

The Mining Hub
Carmichael
July 22, 2014 7:17:06 AM
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An upward trend in Queensland’s mining safety incidents has been met with optimism by Natural Resources and Mines minister Andrew Cripps.

“It is not a bad thing that we had an increase in high-potential incidents that were reported to the inspectorate,” he said.

“It is an indication of a strong culture of reporting potential safety hazards in the industry.”

In the 2012-14 financial year there were 2170 high-potential incidents reported to the mines inspectorate in Queensland, 297 more than the previous year, representing a 16 per cent increase in the number of reports.

Cripps said that while there was an increase in the number of reported incidents, he wanted to encourage more reporting, and have inspectors target problem areas revealed in the report....
http://www.miningaustralia.com.au/news/minesite-incidents-and-reporting-on-the-rise-i-1

Minesite incidents and reporting on the rise in Queensland

An upward trend in Queensland’s mining safety incidents has been met with optimism by Natural Resources and Mines minister Andrew Cripps.

“It is not a bad thing that we had an increase in high-potential incidents that were reported to the inspectorate,” he said.

“It is an indication of a strong culture of reporting potential safety hazards in the industry.”

In the 2012-14 financial year there were 2170 high-potential incidents reported to the mines inspectorate in Queensland, 297 more than the previous year, representing a 16 per cent increase in the number of reports....

The Mining Hub
July 22, 2014 7:14:51 AM
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Curtin University is using a new pair of virtual reality headsets to change the way mine workers are trained.

The use of the headsets, being developed in conjunction with Los-Angeles based Oculus VR allow users to immerse themselves in virtual reality and take a look around the environment by simply moving their heads.

Added gadgets like data gloves and treadmills provide opportunity for further interaction and exploration, meaning objects can be moved around the virtual area.

At the Hub for Immersive Visualisation and eResearch, Curtain University’s Dr Torsten Reiners is using the technology to test virtual realities for education and training purposes....
http://www.miningaustralia.com.au/news/virtual-reality-as-a-training-tool-for-mine-site-w

Virtual reality a training tool for mine site workers

Curtin University is using a new pair of virtual reality headsets to change the way mine workers are trained.

The use of the headsets, being developed in conjunction with Los-Angeles based Oculus VR allow users to immerse themselves in virtual reality and take a look around the environment by simply moving their heads.

Added gadgets like data gloves and treadmills provide opportunity for further interaction and exploration, meaning objects can be moved around the virtual area.

At the Hub for Immersive Visualisation and eResearch, Curtain University’s Dr Torsten Reiners is using the technology to test virtual realities for education and training purposes....

The Mining Hub
July 22, 2014 7:13:41 AM
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The CFMEU has called for the removal of ‘tax perks’ for mining companies using FIFO workforces rather than hiring locals.

The miner’s union has urged the newly formed parliamentary committee for Northern Australia to recommend scrapping tax concessions associated with using FIFO workers.

The committee has been tasked to consider policies for developing the parts of Australia which lie north of the Tropic of Capricorn from the west the east coast, including the potential development of the region’s mineral and energy sectors.

CFMEU Mining and Energy general vice president Wayne McAndrew said the committee should recommend an overhaul of the tax system to end “preferential tax treatment for the use of FIFO over local workers”....
http://www.miningaustralia.com.au/news/fifo-tax-breaks-come-under-the-microscope

FIFO tax breaks come under the microscope

The CFMEU has called for the removal of ‘tax perks’ for mining companies using FIFO workforces rather than hiring locals.

The miner’s union has urged the newly formed parliamentary committee for Northern Australia to recommend scrapping tax concessions associated with using FIFO workers.

The committee has been tasked to consider policies for developing the parts of Australia which lie north of the Tropic of Capricorn from the west the east coast, including the potential development of the region’s mineral and energy sectors....

The Mining Hub
July 22, 2014 7:12:32 AM
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Indonesia increased pressure on Newmont Mining (NYSE:NEM) over a six-month old dispute that has halted copper exports, demanding the US miner to withdraw an international arbitration request filed earlier this month or risk losing its mining license.

According to Sukhyar, director general of coal and minerals at the mining ministry, the government is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract, Dow Jones Business News reported Thursday.

The Indonesian authority, who goes by one name, added the default is due to the production freeze, which would allow the outgoing government to say the firm is “negligent."...
http://www.mining.com/indonesia-to-revoke-newmont-license-unless-resumes-output-lifts-lawsuit-66735/

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Newmont's Batu Hijau copper mine.

Indonesia increased pressure on Newmont Mining (NYSE:NEM) over a six-month old dispute that has halted copper exports, demanding the US miner to withdraw an international arbitration request filed earlier this month or risk losing its mining license.

According to Sukhyar, director general of coal and minerals at the mining ministry, the government is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract, Dow Jones Business News reported Thursday....

The Mining Hub
Batu Hijau
July 22, 2014 7:07:49 AM
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After almost a decade of heated political debate, Australia's Conservative government repealed a much questioned carbon tax on the nation's worst greenhouse gas polluters on Thursday.

The decision makes of Australia the world's first developed nation to repeal carbon laws that put a price on greenhouse-gas emissions.

The Senate, News.com.au reports, voted 39 to 32 to axe the A$25 (US$$23.45) tax per metric tonne of carbon dioxide that was introduced by centre-left Labour government Prime Minister Julia Gillard in July 2012.

It was the current administration's third attempt to repeal the tax since introducing the legislation last November.

Australia is one of the largest per capita greenhouse gas emitters due to its reliance on coal-burning power stations to power homes and industry. The tax was devised to penalize hundreds the country’s biggest polluters....
http://www.mining.com/australia-becomes-worlds-first-developed-nation-to-repeal-carbon-laws-79713/

Australia becomes world's first developed nation to repeal carbon laws

Australia is one of the largest per capita greenhouse gas emitters due to its reliance on coal-burning power stations to power homes and industry.

After almost a decade of heated political debate, Australia's Conservative government repealed a much questioned carbon tax on the nation's worst greenhouse gas polluters on Thursday.

The decision makes of Australia the world's first developed nation to repeal carbon laws that put a price on greenhouse-gas emissions.

The Senate, News.com.au reports, voted 39 to 32 to axe the A$25 (US$$23.45) tax per metric tonne of carbon dioxide that was introduced by centre-left Labour government Prime Minister Julia Gillard in July 2012....

The Mining Hub
July 22, 2014 7:06:22 AM
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China's MMG received Monday unanimous approval from its shareholders to move forward with the $5.85 billion acquisition of Glencore’s (LON:GLEN) flagship Las Bambas copper project in Peru.

The board also approved an offtake agreement with majority shareholder China Minmetals Nonferrous Metals for about 57.31% of the mine’s copper concentrates for its lifetime signed earlier this month, Reuters reports.

The sale of Las Bambas followed Glencore and Xstrata merger, first announced February 2012. After much shareholder wrangling and jumping through regulatory hoops China was the last country to approve the deal — a full 14 months later.

There was one, pretty specific, condition. Glencore had to give up Las Bambas or something of equivalent significance for future global copper supply....
http://www.mining.com/chinas-mmg-board-grants-undivided-approval-for-5-85bn-las-bambas-buy-81402/

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

China's MMG received Monday unanimous approval from its shareholders to move forward with the $5.85 billion acquisition of Glencore’s (LON:GLEN) flagship Las Bambas copper project in Peru.

The board also approved an offtake agreement with majority shareholder China Minmetals Nonferrous Metals for about 57.31% of the mine’s copper concentrates for its lifetime signed earlier this month, Reuters reports.

The sale of Las Bambas followed Glencore and Xstrata merger, first announced February 2012. After much shareholder wrangling and jumping through regulatory hoops China was the last country to approve the deal — a full 14 months later....

The Mining Hub
Las Bambas
July 22, 2014 7:04:23 AM
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An Exploration into the United States Mining Industry

The Mining Hub
July 15, 2014 9:35:34 AM
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Sumatra Copper & Gold has announced its funding plans for the Tembang Gold Project in southern Sumatra. The Independent Technical Expert report has been completed and the company is in the process of seeking credit committee approval with an internationally recognized bank for approximately US$21 million of senior secured debt facilities with a US$2.5 million cost overrun facility.

The facility would require mandatory hedge cover equivalent to 50% of gold and 80% of silver production over an anticipated four year loan life. Provision of the facility is subject to bank credit committee approval, completion of project finance documentation, equity funding and conditions precedent typical for such a financing. Interest rates and other commercial terms are expected to be standard for a project financing of this nature....
http://www.asiaminer.com/news/latest-news/5869-indonesia-funding-plans-for-tembang-project.html#.U8RnzfmSySo
The Mining Hub
Tembang
July 15, 2014 7:30:49 AM
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