Archive for the ‘MINERALS METALS’ Category

TUNGSTEN MINE TO GO AHEAD IN ENGLAND

Monday, January 16th, 2012

TIN & TUNGSTEN MINING IN ENGLAND BY WOLF MINERALS

PLANS by ASX-listed Wolf Minerals to become a tungsten and tin producer from its Hemerdon project in south-west England have attracted a rare demonstration of government support for the jobs and wealth creation ability of mining projects.

Wolf announced last week that the support came directly from Lord Green of Hurstpierpoint, the British Minister of State for Trade and Investment, following Wolf receiving planning consents for the Devon development.

In a letter to the company, Lord Green said Hemerdon was an important project to the community in terms of jobs and wealth creation, and to the British and wider European Union in securing supplies of tungsten.

”I am aware that tungsten ranks highly in both the British Geological Society and EU’s critical raw materials lists and that it has unique properties that are impossible to replace in certain specialised industrial applications,” the former HSBC chairman said.

The British Geological Survey in September listed tungsten as one of the top five strategically important metals.

Wolf is now working on securing $80 million in debt funding for the project, the development of which would serve to ease the grip China has on global supplies of tungsten. More than 80 per cent of global supply comes from China, which has curbed exports of the ”strategic” metal.

Tungsten prices rose by more than 30 per cent last year and are now more than eight times their level before taking off in 2003 in response to limited non-Chinese mine supplies at a time of rising consumption.

Sourced & published by Henry Sapiecha

SMALL GOLD MINES IN CHINA TO BE SHUT DOWN

Wednesday, November 30th, 2011

CHINA TO WIND DOWN SMALL GOLD MINES

China’s Ministry of Industry and Information Technology (MIIT) is putting together new standards for the gold industry which will raise the startup barriers, and entities with daily gold processing capacity of less than 50 tons will have to get out of the industry, the Shanghai Securities News said on Tuesday.

Local governments, Reuters reports, have already received orders to shut small gold miners down.  The industry ministry is planning to go even further, by closing mines with a daily gold processing capacity of below 100 tonnes and halting approvals for small ore processing companies.

In addition, large gold miners will be encouraged to expand overseas in order to increase resource supplies.

China, the world’s largest bullion producer, currently has no limits on gold production and production is determined by the gold producers, adds the report.

The record-high prices over the past two years has encouraged miners to boost gold output at all costs, including dubious & dangerous practices that have heavily polluted rivers and soil and, according to Reuters, caused cancer-related deaths to soar in soeveral areas.

Sourced & published by Henry Sapiecha

HUGE COPPER DEPOSITS FOUND IN ALASKA.’PEBBLE DEPOSITS’ VIDEO EXPLAINS HERE

Sunday, November 27th, 2011

The Pebble Project is a mineral exploration and development project owned by the Pebble Limited Partnership, an Alaska limited partnership formed between a wholly owned US subsidiary of Anglo American PLC and a wholly owned entity of Northern Dynasty Minerals Ltd. Based in Anchorage, Alaska, the Pebble Partnership is focused exclusively on the responsible development of the Pebble Project in a way that will optimize benefits for local communities while protecting important environmental values and traditional ways of life. The partnership was formed to advance the Pebble Project, one of the most important concentrations of copper, gold, molybdenum and silver in the world, toward permitting, construction and operations

http://video.mining.com/?v=2168

Sourced & posted by Henry Sapiecha

IRON ORE PRICES DROP SUBSTANTIALLY TO EFFECT BOTTTOM LINE OF STEEL MAKERS

Friday, November 4th, 2011

More bad news for iron ore, coking coal prices: world’s largest steelmaker profits halve, sees worse ahead

Frik Els, 3 Nov 2011 – PERMALINK

ZeeNews report the world’s largest steel-maker Arcelor Mittal on Thursday reported a dip of over 51% in net income to $659 million for the quarter ended September 30, 2011, due to rising raw material costs and a fall in demand. The Indian giant also said it will face increasing pricing and volume pressures in the final quarter and is idling production as a result – it has mothballed eight furnaces in Europe and permanently retired another just over the last two months. Arcelor’s gloomy outlook prompted one analyst to observe: “We’re in a very dark market environment right now.”

Sourced & published by Henry Sapiecha

RARE EARTH MINERAL VENTURES WILL FAIL AT THE RATE OF 96%

Wednesday, November 2nd, 2011

Nearly all of non-Chinese rare earth projects

will fail, says Jack Lifton

Andrew Topf

Consultants in the mining industry  say that the high processing costs and level of expertise required in bringing rare earth mines into production means most of them will eventually fail. In an interview with Reuters, Jack Lifton, founder of Technology Metals Research, said of the 244 companies hoping to extract REEs, less than 4% will be profitable: “The choke point for all the companies is the question of what they can do with the concentrated REM ore once it’s above ground. You can extract the rare earths together, but then you have to separate them…the world’s REM separation capacity is 99 percent Chinese and they have unused capacity,” Lifton said. “The Chinese overwhelmingly control this and that is the key to the rare earth industry. Without separation capacity, all you have is a loss-making ore concentrate company.”

Sourced &n published from mining journals by Henry Saoiecha

COLTAN – [80%]FOR MOST OF THE WORLDS MOBILE PHONES MANUFACTURED COMES FROM THE CONGO

Tuesday, November 1st, 2011

COLTAN IS A RARE MINERAL FROM THE CONGO USED IN MOBILE PHONES

The Democratic Republic of Congo is one of the poorest countries in the world but is the home home to a nondescript black rock known as Coltan… a vital ingredient in the production of nearly every cell phone and computer on the planet. Without Coltan, our technology-driven lives would come to a screeching halt, and Congo has 80% of the world’s supply. It has lead to corruption and never-ending armed conflict that has devastated the country.

Sourced & published by Henry Sapiecha

NEWS ARTICLES FROM MINING NEWS ON VARIOUS SUBJECTS

Wednesday, October 19th, 2011

Various articles on commodities from mining magazine

$25 million spent in Albania by Tirex Resources going a long way

Receives unanimous community support for mining permit applicationsSubmits all required mining application documentation

New Gold goes all-in at Blackwater

Vancouver – New Gold (NGD-T, NGD-N) has put pen to paper with two B.C.-focused junior gold explorers holding land near the company’s most recent acquisition, the Blackwater gold-silver project, located 150 km southwest of Prince George.

La Ronge Gold Corp Announces a Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Oct. 18, 2011) – La Ronge Gold Corp. – (TSX VENTURE:LAR) (the “Company”) announces it will undertake a private placement (the “Placement”) consisting of 1,600,000 flow-through units (the “FT Units…

Pebble to challenge borough ordinance in Alaska Superior Court

VANCOUVER, Oct. 18, 2011 /PRNewswire/ – By a narrow 280 – 246 (53 – 47%) margin, voters in Southwest Alaska’s Lake & Peninsula Borough have supported a ballot measure that, if upheld by the courts, would restrict future development that affects more than one square mile of land within the 31,000 square mile borough. The Pebble Limited Partnership (the “Pebble Partnership” or “PLP”) and the State of Alaska view the initiative sponsored by anti-Pebble activists as unconstitutional and unenforceable because it seeks to restrict development of state-owned resources on state lands through a municipal ordinance, and will challenge it in Alaska’s Superior Court.

Northern Vertex announces $12.65 million non-brokered private financing

VANCOUVER, Oct. 18, 2011 /CNW/ – Northern Vertex Capital Inc. (TSXV: NEE) (“Northern Vertex”) is pleased to announce a Non-Brokered private placement (the “Private

Alaska voters say no to gold, copper mine 1:58 am APNews

Voters of a small southwest Alaska borough narrowly passed a measure blocking a proposed gold and copper mine that conservationists said would have threatened one of the world’s premier wild salmon fisheries in a local election that gained national…

Barkerville Gold Mines intercepts 21.5 meters (70.5 feet) of 9.97 g/T (0.291 oz/t) gold including 2.8 meters (9.2 feet) of 52.0 g/T (1.516 oz/t) gold on Cow Mountain

Further to the news releases on the high grade VG-cosalite-quartz-pyrite zones discovered by the Company on Cow Mt. reported by the company respectively on June 27, July 26 and September 13, Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the “Company”) reports the more significant intercepts of drill results conducted on Cow Mt. recently.

Greens tying up Olympic Dam with new parliamentary inquiry, $30 billion project faces delays

News reports from Australia say BHP Billiton may face delays in getting approvals for its $30 billion Olympic Dam expansion, as Greens and other minor parties holding the balance of power in the South Australian Parliament push for an inquiry into the project. The legal agreement between BHP and the State Government will be introduced to parliament on Tuesday or Wednesday, but the Greens now want BHP Billiton officials to appear before a parliamentary committee to investigate the indenture legislation for the expansion. The project will create an open pit mine adjacent to the current Olympic Dam underground operation that would be the world’s biggest – trucks will haul overburden 24/7 for five to six years just to reach the ore body.

Sourced & published by Henry Sapiecha

AFRICAN MINERAL COMPANY WINS CONTRACT IN INDIAN IRON ORE

Friday, August 26th, 2011

Weir Minerals Africa wins major screening

order in Indian iron ore mining

weir1.jpg

Weir Minerals Africa has received its biggest order from India to date – seven Linatex vibrating screens of various sizes for RBSSN, a mining and metals company based in Hospet, in northern Karnataka.

The order includes the biggest screen Weir has supplied to India, with dimensions of 2.4 m by 4.8 m. Weir Minerals Africa’s Chris Dorlas says the order, which is destined for an iron ore application, is a milestone for the company, since it firmly establishes Weir Minerals’ footprint in India and will serve as a reference base for further sales in that country.

The RBSSN order includes three VD18/38, one VD15/38 and one VD21/48 dewatering screens. Linatex dewatering screens incorporate a 45o sloping back section, fitted with slotted apertures across the direction of the flow. Incoming slurry is fed uniformly along the top of this back section, which acts as a vibrating drainage panel. The screen’s main deck slopes upwards at 5o and is fitted with smaller slotted apertures.

“This design achieves exceptionally high dewatering and draining capacity,” Dorlas says, “making it possible in many cases to use smaller units than if one was using conventional dewatering screens. This, in turn, reduces the cost of the initial investment in the screens.”

At the lowest point of the screen, where the sloping back and main deck meet, a pool of partially dewatered slurry forms. Here, solid particles bridge over the apertures and form a cake, which acts as a filtration platform, allowing only quite fine particles to pass through. The vibration action conveys the cake along the screen and out of the pool, where further dewatering takes place, depending on the porosity of the cake, which is finally discharged over the adjustable weir into the product chute.

Vibration is produced by two linear motion low noise exciter motors operating at 980 or 1460 rpm. Alternatively, geared exciters with an external drive motor can be fitted to the larger screens. Both the vibrating motors and the geared exciter have been specifically designed to ensure long life, with minimum maintainance requirements.

Easy adjustment of the amplitude of vibration and deck inclination, as well as the discharge weir plate, are features incorporated to suit changes in process requirements. A high solids recovery outcome is achieved when the screen underflow is kept in closed circuit, with the only solid losses occurring as the very fine material exits in the cyclone overflow.

The two large Linatex HG24/48 screens included in the RBSSN order are horizontal linear motion screens. Linear motion is produced by the action of counterweights on separate shafts, geared together to produce a straight line “throw”. The mechanism’s direction of rotation does not affect the pattern of motion.

“Linear motion provides excellent performance in applications such as wet screening, desliming and dewatering, owing to the ability to break the surface tension between deck apertures and the pulp being screened,” Dorlas says. “Screen capacities vary widely, depending on the material characteristics and the separation required.

“Screen design has evolved and improved over many years of operational experience and industry know-how. However, the company has actively taken these improvements to the next level and introduced the Finite Element Analysis (FEA) method of design to our development technology some years ago. Our in-house FEA capabilities have assisted in optimising the mass and strength of the screens, helping to provide lower cost solutions, both in terms of capital and operational costs.”

The Weir Group acquired the Linatex group of companies in September 2010, now marketed as Lintex® rubber products. Dorlas says that these products are proving a valuable addition to the Weir Minerals product line and assist the company in positioning itself as a solutions provider. The South African Linatex manufacturing facility in Alrode is capable of producing screens up to 4.9 m wide by 10 m in length.

Sourced & published by Henry Sapiecha

TUNGSTEN MINE BY WOULFE MINING IN KOREA

Friday, August 26th, 2011

Woulfe Mining determined

to revive South Korean

tungsten mine

Some of the old mine structures at Sandong tungsten mine. Image by Woulfe Mining Corp.

Woulfe Mining Corp. (TSX-V:WOF) is going ahead with an aggressive plan to re-open a dormant tungsten mine in South Korea by 2012. The Sandong tungsten-molybdenum mine is one of the largest tungsten mines in the world, having operated for over 40 years. Woulfe Mining recently completed its drilling program and is looking to publish a feasibility study by the end of the year. A scoping study done in 2010 by Wardrop Engineering showed an projected resource of 103.6 millon tonnes. The mine would produce about 4,000 tonnes of tungsten worth a cool $180 million per year. MINING.com speaks to Woulfe Mining CEO Brian Wesson about the project

Sourced & published by Henry Sapiecha

MASSIVE FORTUNE TO BE SPENT ON IRON ORE MINING BY BHP BILLITON

Sunday, March 27th, 2011

BHP plans $US10b expansion

March 25, 2011

BHP Billiton will spend nearly $US10 billion ($9.89 billion) to expand iron ore operations and energy and metallurgical coal projects in Western Australia.

The world’s biggest resource company will spend $US6.6 billion in an iron ore project expansion in Western Australia, $US2.5 billion to expand three metallurgical coal projects in Queensland and $400 million on an energy coal project in NSW.

BHP shares initially rose 0.5 per cent on the news, but slipped in morning trade and were recently down 0.5 per cent at $44.51. Rival Rio Tinto rose 0.6 per cent.

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The company said it and its partners would spend $US7.4 billion to develop the Jimblebar mine and rail links, to further develop Port Hedland and to build ore blending facilities, taking the annual iron ore capacity to 220 million tonnes.

BHP Billiton’s president of iron ore, Ian Ashby, said the intention was to develop the port capacity so that the company could fill its 240 million tonne per annum allocation in Port Hedland’s inner harbour.

‘‘We have intentionally overbuilt the ore handling facilities at Jimblebar and expect to incrementally grow mine production to ensure that our port and rail systems are operated at full capacity during this debottlenecking program,’’ he said in a statement.

BHP Billiton said first production from the Jimblebar mine was expected in early calendar 2014.

A total of $US3.4 billion will be spent on the Jimblebar mine, including buying rolling stock, with initial capacity of 35 million tonnes per annum, with embedded options to expand to 55 mtpa.

A further $US2.3 billion, including BHP Billiton’s share of $US1.9 billion, will be spent on Port Hedland, adding two berths and shiploaders and other works.BHP Billiton and its partners will spend $US1.7 billion on the port blending facilities and rail yards.

The Melbourne-based company also approved spending $US2.5 billion ($A2.47 billion) on three coking coal projects in the Bowen Basin in central Queensland. BHP’s share is half of the total $US5 billion to be spent on the expansion.

BHP Billiton metallurgical coal president Hubie van Dalsen said the company had a deep pipeline of expansion projects to develop its large reserves of metallurgical coal.

‘‘Our strategy is to rapidly progress development of these projects to capture the increasing demand we see for hard coking coal,’’ he said.

BHP Billiton said the projects would add 4.9 million tonnes of annual mine capacity to the Daunia operation and a new mining area at Broadmeadow.

In a third statement, BHP Billiton said it would spend $US400 million to expand Hunter Valley Energy Coal in NSW, to increase coal production by four million tonnes per annum to about 24 million tonnes per annum.

‘‘The emergence of demand for coal in the key growth markets allows us to get product to market quickly, ahead of further coal preparation plant expansions,’’ BHP Billiton Energy Coal President Jimmy Wilson said.

BHP Billiton is cashed up after reporting a new Australian record first half net profit in February of $US10.524 billion ($A10.41 billion) for the six months to December 31.

BHP Billiton stocks rose 51 cents to close at $44.71 on the ASX yesterday.

Sourced & published by Henry Sapiecha

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