Archive for the ‘MINING’ Category

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

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QUEENSLAND AUSTRALIA TO HAVE NEW COAL MINE BY BHP BILLITON

Tuesday, November 1st, 2011

BHP Billiton Approves Caval Ridge Mine Project

November 01, 2011

BHP Billiton today approved development of the Caval Ridge Mine project and expansion of the Peak Downs Mine in the northern Bowen Basin in Central Queensland, Australia. The initial project will add 8 million tonnes per year capacity (100 per cent basis) in export metallurgical coal, with the expectation of a rapid, low cost expansion to 10 million tonnes per year. This additional 2 million tonnes per year will only require the addition of mining equipment. This expansion has not yet been permitted.

The total investment in the initial project is US$4.2 billion, of which BHP Billiton’s share is US$2.1 billion. The resource life of the initial project is expected to be greater than 60 years1. First coal is expected in calendar year 2014.

The new Caval Ridge Mine will have the capacity to produce 5.5 million tonnes per year. The Peak Downs Mine will expand production by 2.5 million tonnes per year. The investment will include construction of a new coal handling and preparation plant at Caval Ridge to process production from the Caval Ridge Mine and Peak Downs expansion. Coal from the Peak Downs expansion will be transported by conveyor to the new plant. The Peak Downs Mine lies to the immediate south of the new Caval Ridge Mine.

The Caval Ridge Mine will be an open cut dragline and truck and shovel operation, with coal railed to the BHP Billiton Mitsubishi Alliance (BMA) Hay Point Coal Terminal. The project has received all necessary regulatory approvals.

BHP Billiton Metallurgical Coal President, Hubie van Dalsen, said: “This investment in the Caval Ridge Mine was foreshadowed in March of this year when BHP Billiton announced investments in the new 4.5 million tonne per year Daunia mine, the life extension of the Broadmeadow mine and the 11 million tonne per year expansion of the Hay Point Coal Terminal.

“This is a continuation of BHP Billiton’s strategy of investing in large, low cost, expandable mines with long lives. Additional expansion projects are being advanced to follow this investment in due course,” he said.

Sourced & published by Henry Sapiecha

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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

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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

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GERMAN AVIATION GROUP CORDNER SEE BENEFITS GETTING INTO THE MINING SECTOR

Friday, August 26th, 2011

GERMAN AVIATION GROUP GETTING INTO THE MINING SECTOR

(Berlin, Germany) Following extensive research, Cordner Aviation Group (CAG) has announced it will enter the growing worldwide mining, exploration and energy market sectors, offering aircraft with conversions based on proven Bae 146 and Avro RJ platforms. These are purpose-outfitted for the mining industry’s unique requirements. According to Stewart Cordner, the company’s president, “You might say we found a golden opportunity in this often overlooked market and the initial reactions to the Surveyor and our range of design concepts–resulting from many candid conversations with prospects in the mining industry–have been totally positive.”

The Surveyors will come from CAG’s growing remarketing portfolio of BAe 146s and Avros in a range of models.  The selection process is owner-driven and the aircraft selected for conversion depends on the specific requirements, such as average number of passengers, operational locations, distances, cargo capabilities and landing/takeoff conditions.

Says Cordner, “The 146s and Avros are not strangers to mining and energy exploration and in fact have earned high marks over the years in operations worldwide. So what we are doing now is building on a proven basic platform and greatly enhancing it based on our extensive customer needs analyses and using new technologies now available to us. For example, we have identified and plan to reduce the operating weight empty (OWE) by over half a ton over the basic passenger aircraft currently in use worldwide. The benefits are significant in terms of fuel saving, increased performance and positive environmental contributions.”

He points out number factors that will make the Surveyor so attractive to mining and exploration companies: “The aircraft has all-around excellent hot and high performance, as well as outstanding short field capability. That can be nothing more than a gravel or dirt airstrip, located potentially right where the mine is located. By taking this mine/customer-centric approach, we can minimize the permanent “land take” for the airfield, which also greatly reduces the environmental impact and, naturally, provides the industry with a maximum production and logistical upside.

The aircraft, with 112 seats or less, is also approved for short runways, such asLondonCity, which means it can make very steep approaches over rough terrain typical of mine locations. And when it lands, it is quite independent with an electric internal starter system and integral air stairs and several other autonomous features.

The initial Surveyor designs include a quick-change (QC) capability. For example, from all-passengers, to passengers and a separate VIP module, to passengers and a Medevac LifePort™ separate cabin. But at the end of the day, it all depends what the customer requires for his flight operation.

Adds Cordner, who has worked with the Bae 146/Avro series over 20 years, at least half of those “hands on” in the field with customers and their operations. “These aircraft have been simply and ruggedly built originally to airline standards and for high utilization at remote locations. Considering their fuel efficiency, low acquisition and operating costs, and a 60,000-hour lifespan barely touched, they have to be the best bargains in the air. Add to that the fact that it has the lowest noise print of any similarly sized jet and meets all current emissions standards, our Surveyor is kind to the environment as well.

(Berlin, Germany) Following extensive research, Cordner Aviation Group (CAG) has announced it wiis now entering the growing worldwide mining, exploration and energy market sectors, offering aircraft with conversions based on proven Bae 146 and Avro RJ platforms. These are purpose-outfitted for the mining industry’s unique requirements. According to Stewart Cordner, the company’s president, “You might say we found a golden opportunity in this often overlooked market and the initial reactions to the Surveyor and our range of design concepts–resulting from many candid conversations with prospects in the mining industry–have been totally positive.”

The Surveyors will come from CAG’s growing remarketing portfolio of BAe 146s and Avros in a range of models.  The selection process is owner-driven and the aircraft selected for conversion depends on the specific requirements, such as average number of passengers, operational locations, distances, cargo capabilities and landing/takeoff conditions.

Says Cordner, “The 146s and Avros are not strangers to mining and energy exploration and in fact have earned high marks over the years in operations worldwide. So what we are doing now is building on a proven basic platform and greatly enhancing it based on our extensive customer needs analyses and using new technologies now available to us. For example, we have identified and plan to reduce the operating weight empty (OWE) by over half a ton over the basic passenger aircraft currently in use worldwide. The benefits are significant in terms of fuel saving, increased performance and positive environmental contributions.”

He points out number factors that will make the Surveyor so attractive to mining and exploration companies: “The aircraft has all-around excellent hot and high performance, as well as outstanding short field capability. That can be nothing more than a gravel or dirt airstrip, located potentially right where the mine is located. By taking this mine/customer-centric approach, we can minimize the permanent “land take” for the airfield, which also greatly reduces the environmental impact and, naturally, provides the industry with a maximum production and logistical upside.

The aircraft, with 112 seats or less, is also approved for short runways, such asLondonCity, which means it can make very steep approaches over rough terrain typical of mine locations. And when it lands, it is quite independent with an electric internal starter system and integral air stairs and several other autonomous features.

The initial Surveyor designs include a quick-change (QC) capability. For example, from all-passengers, to passengers and a separate VIP module, to passengers and a Medevac LifePort™ separate cabin. But at the end of the day, it all depends what the customer requires for his flight operation.

Adds Cordner, who has worked with the Bae 146/Avro series over 20 years, at least half of those “hands on” in the field with customers and their operations. “These aircraft have been simply and ruggedly built originally to airline standards and for high utilization at remote locations. Considering their fuel efficiency, low acquisition and operating costs, and a 60,000-hour lifespan barely touched, they have to be the best bargains in the air. Add to that the fact that it has the lowest noise print of any similarly sized jet and meets all current emissions standards, our Surveyor is kind to the environment as well.

Sourced & published by Henry Sapiecha

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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

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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

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BHP BILLITON DOWPLAYS EXPECTATIONS OF NEW MINES

Thursday, August 25th, 2011

BHP suggests caution on hopes

for new mines

By William MacNamara

marius kloppers

The chief executive of BHP Billiton, the world’s biggest miner, warned that the market was overestimating the ability of the industry to bring on new mines and relieve high metals prices.

Speaking as he unveiled strong full-year results, Marius Kloppers, chief executive of BHP, said that rising production costs and financing diffulties were leading to delays at new projects and threatening miners’ profit margins.

“Please look at the supply scenario again. In our view, across our suite of commodities, the supply situation is still being overestimated.”

His comments come amid a sharp derating of the sector this year, even as miners have reported record-breaking earnings. Some analysts say the derating reflects bearish forecasts on global industrial demand and overly optimistic expectations over how quickly new supply will come on line as big and small miners work to deliver a wave of new mines from 2014.

Mr Kloppers said these trends would “on balance, over time” be a good thing for BHP because supply-side pressures would support today’s high prices for metals.

“Yes, we understand that cost inflation is coming; yes, we understand that some people’s perception in some parts of the market is of a softer demand scenario,” Mr Kloppers said.

Earlier this month Tom Albanese, Rio Tinto’s chief executive, also highlighted the challenges faced by miners of bringing on new supply.

Gayle Berry, a base metals analyst at Barclays Capital, said of the outlook for copper supply: “The mine-supply side of the market is extremely weak. There are certainly new projects on the horizon, but the timing and realisation of those coming to the market is questionable.”

BHP plans to spend $80bn over the five years to 2015 to build new mines and expand old mines. Like its peers, BHP is channelling its large cash flows into project development. However, BHP said on Wednesday that higher material, labour and other costs had reduced the miner’s underlying earnings before interest and tax by $1.2bn, compared to a total of $32bn.

The miner on Wednesday reported a 60 per cent rise in pre-tax profits from $19.6bn to $31.3bn in its fiscal year ending in June. BHP attributed the results to “another strong year of growth in Chinese crude steel production”, adding that it expected robust demand in the short and medium term for commodities.

BHP’s earnings per share rose to 426.9 cents from 227.8 cents. Revenues rose to $71.7bn from $52.7bn.

The miner raised its final dividend by 22 per cent to 55 cents, carrying the annual dividend to $1.01 per share, but did not start a new share buy-back programme after completing its $10bn buy-back in June.

Sourced & published by Henry Sapiecha

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ACCURATE AERIAL MAPS FROM SPACE FOR MINING OPERATIONS

Saturday, August 20th, 2011

MAPPING FROM SPACE FOR MINERS

PhotoSat

Highly accurate elevation mapping of mine sites

Stereo satellite mapping accuracies better than 50cm in elevation validated by thousands of ground survey points over multiple project areas. Accuracies are achieved using PhotoSat’s own mapping system specially designed for stereo satellite photos. Mine sites and development projects mapped throughout the world.

To view white papers on mapping accuracies click here. For case histories using PhotoSat’s mapping system click here.

Sourced & published by Henry Sapiecha

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LESS WORK & MORE PAY SAY AFRICAN WORKERS TO WORLDS LARGEST PLATINUM MINERS

Saturday, August 20th, 2011

World No. 1 platinum miner

raises pay offer

as union threatens strike

Anglo American Platinum has, according to South Africa’s National union of Mineworkers, raised its pay offer to workers in attempt to ward off possible threatened strike action

Author: Agnieszka Flak and Olivia Kumwenda
Posted:  Saturday , 20 Aug 2011

JOHANNESBURG (Reuters) -

South Africa’s National Union of Mineworkers said Anglo American Platinum (Amplats), the world’s largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.

The platinum sector is the latest to be affected by a wave of disputes in the country’s mid-year “strike season” after stoppages in other mines, steel and fuel threatened to dent growth in Africa’s biggest economy.

“There is an improved offer …it will be taken to members for consideration,” NUM spokesman Lesiba Seshoka told Reuters. He expects a vote to start on Monday and would not disclose details of the offer.

The union will meet Amplats again on August 31.

The company on Thursday offered raises of between 7.5 percent and 8 percent, up from a previous offer of 6 percent to 7 percent.

NUM lowered its demand to between 11 percent and 12.5 percent from 15 percent, which is triple the inflation rate.

The union has said its members at Impala Platinum rejected a revised offer from the world’s second largest producer of the metal and will refer the dispute to arbitration.

“We insist on a double-digit increase across the board,” said Eddie Majadibodu, the NUM’s chief negotiator at Implats.

Implats had raised its offer to between 8 and 10 percent, while the union has been asking for 14 percent.

NUM workers in the gold and coal sectors have already reached deals for 7 to 10 percent increases, which could serve as benchmarks in the platinum talks.

The labour disputes are likely to unnerve investors already wary about putting money into the country due to steep power tariff hikes and a debate around mining nationalisation.

Implats and Amplats account for two-thirds of global platinum supply and any strike could push prices higher.

Platinum rose to its highest since early May on Friday, up 1.4 percent at $1,861.49 an ounce, partly inspired by a rise in gold, widely seen as a safe-haven for investors.

UTILITY ESKOM RISKS STRIKE

In a separate dispute, more than 200,000 water, sanitation and refuse workers seeking 18 percent wage increases marched without major incident in Johannesburg on Friday after setting fires and looting vendors at rallies in Cape Town this week.

The NUM, with more than a quarter million members in various sectors, has also threatened a strike at state utility Eskom, which supplies almost all of the country’s power, after rejecting a 7 percent pay rise offer.

Any significant pay rises would affect the utility’s strained balance sheet and could lead to further steep rises in electricity tariffs.

Further wage hikes will make it more costly to hire the workers needed to bring power by 2014 to the 25 percent of the country’s households that still have no access to electricity.

Wage deals over the past years of double to triple the inflation rate have made the country less competitive by driving up the cost of a workforce that is already more expensive and less efficient than those in emerging market peers.

But the ruling African National Congress, which is in an alliance with organised labour, does not want to antagonise a group that has supplied it with millions of votes by pushing workers to accept more modest pay increases.

© Thomson Reuters 2011 All rights reserved

Sourced & published by Henry Sapiecha

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