Provides the latest RSS feeds for Mining and Metals News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page industriesnews.net http://www.industriesnews.net/mining_and_metals/&cid=35 en-us Wed, 19 Jun 2013 02:43:02 -0400 Wed, 19 Jun 2013 02:43:02 -0400 30 After an extensive year-and-a-half search, NASA has picked eight new potential astronauts who will help the agency push the boundaries of exploration and travel to new destinations in the solar system, including an asteroid and Mars. The 2013 astronaut candidate class comes from the second largest number of applications NASA has received-more than 6,000. Half of the selectees are women, making ... http://www.industriesnews.net/story?sid=s215262678&cid=35 Tue, 18 Jun 2013 01:40:04 -0400 ANI http://www.industriesnews.net/story?sid=s215262678 Graphite has been called 'the future' and 'a must own stock' for its unique strength and conductivity, for its potential use in high-end electronics, aviation and ... http://www.industriesnews.net/story?sid=s215287206&cid=35 Wed, 19 Jun 2013 01:02:01 -0400 News-Mining http://www.industriesnews.net/story?sid=s215287206 Allegheny County leaders must decide soon whether to allow natural gas drilling at Deer Lakes Park or risk losing a chance to make millions, County Executive Rich Fitzgerald said on ... http://www.industriesnews.net/story?sid=s215287207&cid=35 Wed, 19 Jun 2013 00:56:29 -0400 Tribune Review http://www.industriesnews.net/story?sid=s215287207 After the price of the yellow metal failed several times to crack the resistance level at 1,400 U.S. dollars per ounce, upwards momentum decreased further as physical demand has slowed down, said an expert on gold. After short rise to 1,414 dollars per ounce on Thursday, Gold closed Friday down at 1,385 dollars per ounce. "It has been disappointing to see that gold, again and again, could ... http://www.industriesnews.net/story?sid=s215287208&cid=35 Wed, 19 Jun 2013 00:45:22 -0400 China Mining http://www.industriesnews.net/story?sid=s215287208 BRAZIL President Dilma Rousseff has proposed a new regulatory framework for mining in in the country, one of the world's biggest producers of iron, bauxite, gold, nickel, manganese and other ... http://www.industriesnews.net/story?sid=s215286324&cid=35 Tue, 18 Jun 2013 23:54:18 -0400 News.com.au http://www.industriesnews.net/story?sid=s215286324 Analysts said Thursday that Chinese domestic spot copper prices will likely dip to Yuan 48,000-50,000/mt for the rest of the year, due to expected weaker market sentiment and potentially slower real estate investment. "We see bleak outlook in domestic prices," said Jack Yeung, a business professor at City University in Hong Kong. "It's hard for copper prices to climb very ... http://www.industriesnews.net/story?sid=s215286368&cid=35 Tue, 18 Jun 2013 23:38:11 -0400 China Mining http://www.industriesnews.net/story?sid=s215286368 Tap Oil Limited provided the following update of the Bianchi-1 gas appraisal well in Retention Lease WA-49-R. The well will target sandstones in a Triassic age Mungaroo Formation within a separate fault block down dip of the Zola-1/ST1 gas discovery. Location and Proposed Depth The Bianchi prospect is located in the WA-49-R retention lease in the offshore Carnarvon Basin, approximately 4 miles ... http://www.industriesnews.net/story?sid=s215285538&cid=35 Tue, 18 Jun 2013 23:10:16 -0400 Rigzone http://www.industriesnews.net/story?sid=s215285538 American investment firm Farallon Funds bought half offormer Australian billionaire Nathan Tinkler's stake in Whitehaven Coal (ASX: WHC) for $A300 million on Wednesday. Farallon received 101 million shares, or 9.91%, in the deal which adds onto it's current 5.1% interest in the ... http://www.industriesnews.net/story?sid=s215285539&cid=35 Tue, 18 Jun 2013 22:51:25 -0400 News-Mining http://www.industriesnews.net/story?sid=s215285539 China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday.Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of development of ... http://www.industriesnews.net/story?sid=s215284543&cid=35 Tue, 18 Jun 2013 21:58:04 -0400 Global Times http://www.industriesnews.net/story?sid=s215284543 The DRC authorities have not only failed to prevent mining companies and traders abusing rights, they have themselves violated human rights to facilitate mining ... http://www.industriesnews.net/story?sid=s215284551&cid=35 Tue, 18 Jun 2013 21:52:55 -0400 Amnesty International http://www.industriesnews.net/story?sid=s215284551 Veris Gold Corp. is a growing mid-tier North American gold producer in the business of developing and operating gold mines in geo-politically stable jurisdictions. The Company's primary assets are the permitted and operating Jerritt Canyon mill and gold mines located 50 miles north of Elko, Nevada, USA. The Company's primary focus is on the re-development of the Jerritt Canyon ... http://www.industriesnews.net/story?sid=s215283539&cid=35 Tue, 18 Jun 2013 20:42:59 -0400 CNW Group http://www.industriesnews.net/story?sid=s215283539 Chinalco Mining Corp. International will spend a futher $1.32 billion on its Peruvian Toromocho copper project - one of the biggest in the world - to increase production ... http://www.industriesnews.net/story?sid=s215283541&cid=35 Tue, 18 Jun 2013 20:38:12 -0400 News-Mining http://www.industriesnews.net/story?sid=s215283541 Companies drilling for oil on Canadian shorelines will likely see increased absolute liability costs in the fall, rising from $30 million on the Atlantic and $40 million in the Arctic to $1 billion nation-wide. Joe Oliver, Canada's natural resources minister, has drafted the bill in coordination with the governments of Nova Scotia and Newfoundland and Labrador. "Today's $1 ... http://www.industriesnews.net/story?sid=s215283540&cid=35 Tue, 18 Jun 2013 20:38:12 -0400 News-Mining http://www.industriesnews.net/story?sid=s215283540 TORONTO (miningweekly.com) – NYSE- and TSX-listed New Gold and Canadian precious metals exploration company Rainy River Resources on Tuesday jointly announced that New Gold has formally started its takeover bid to acquire all of the outstanding common shares of Rainy River at a price of C$3.83 a share. The offer represented a premium of 67% to the volume weighted average price of Rainy ... http://www.industriesnews.net/story?sid=s215282423&cid=35 Tue, 18 Jun 2013 19:48:23 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215282423 reports Russia Beyond the Headlines . The government is building a new port in its Far East as well as expand its existing port at Vanino in the Khabarovsk territory in order to handle 20 and 24 million tonnes respectively. The latter terminal ships to Japan, South Korea, China, the USA, Australia, and other destinations around the Pacific Ocean. When the construction is finished, port ... http://www.industriesnews.net/story?sid=s215282424&cid=35 Tue, 18 Jun 2013 19:32:58 -0400 News-Mining http://www.industriesnews.net/story?sid=s215282424 TORONTO (miningweekly.com) – The final exploration reports for TSX-listed Verde Potash’s Cerrado Verde mineral licences were given the nod by the National Department of Mineral Production (DNPM), paving the way for the fertiliser developer to submit an economic development plan. "We are pleased that the DNPM has approved the final exploration reports for these mineral ... http://www.industriesnews.net/story?sid=s215281263&cid=35 Tue, 18 Jun 2013 18:45:02 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215281263 Gold dropped to levels last seen mid-May on Tuesday, giving up as much as $23 an ounce to touch $1,360 in New York, ahead of the US Federal Reserve's decision on monetary policy. Gold investors are worriedthat chairman Ben Bernanke could announce on Wednesday that the Fed will start tapering off its quantitative easing program. QE, which floods markets with cheap money, burnishes ... http://www.industriesnews.net/story?sid=s215281264&cid=35 Tue, 18 Jun 2013 18:29:54 -0400 News-Mining http://www.industriesnews.net/story?sid=s215281264 June 18, 2013 /CNW/ - Sprott Resource Corp. ("SRC") (TSX: SCP) announced today that its Board of Directors has declared a dividend in respect of the month ... http://www.industriesnews.net/story?sid=s215280074&cid=35 Tue, 18 Jun 2013 17:28:52 -0400 CNW Group http://www.industriesnews.net/story?sid=s215280074 June 18, 2013 /CNW/ - Atlatsa Resources Corporation (TSXV: ATL; NYSE MKT: ATL; JSE: ATL) ("Atlatsa" or the "Company") announces that it has received a letter from the NYSE MKT LLC (the "Exchange") regarding the Company's late notification to the Exchange of the record date for the Company's annual and special shareholders meetings scheduled ... http://www.industriesnews.net/story?sid=s215280075&cid=35 Tue, 18 Jun 2013 17:28:52 -0400 CNW Group http://www.industriesnews.net/story?sid=s215280075 " or the "Company") (TSXV: GBN; OTCQX: GBRIF) announces that it has entered into a short-term cost plus contract (the "Cost Plus Contract") with Procon Mining and Tunnelling Ltd. ("Procon Mining" or the "Contractor") whereby the Contractor will provide pre-production and mine rehabilitation services for the Company's La Ronge gold projects. ... http://www.industriesnews.net/story?sid=s215280076&cid=35 Tue, 18 Jun 2013 17:28:51 -0400 CNW Group http://www.industriesnews.net/story?sid=s215280076 ISTANBUL, June 18 | Tue Jun 18, 2013 4:48pm EDT ISTANBUL, June 18 (Reuters) - Local authorities have given an unnamed Turkish company licenses to explore for oil in Iraqi Kurdistan, according to a report, a move that could anger the central government in Baghdad already worried about the region's growing independence. The report, co-published by The Oil & Gas Year and the autonomous ... http://www.industriesnews.net/story?sid=s215280077&cid=35 Tue, 18 Jun 2013 16:48:39 -0400 Reuters http://www.industriesnews.net/story?sid=s215280077 Thousands of opponents of Newmont Mining's $5-billion (U.S.) gold project circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining the lake to make way for Peru's most expensive ... http://www.industriesnews.net/story?sid=s215278696&cid=35 Tue, 18 Jun 2013 16:40:14 -0400 The Globe and Mail http://www.industriesnews.net/story?sid=s215278696 Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy.The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher.The central bank will end its two-day policy meeting Wednesday. Until this year, the Fed's bond-buying ... http://www.industriesnews.net/story?sid=s215278728&cid=35 Tue, 18 Jun 2013 16:33:58 -0400 Miami Herald http://www.industriesnews.net/story?sid=s215278728 Accra, June 18, GNA - Mr Gong Jianzhong, the Chinese Ambassador in Ghana, on Tuesday said that illegal gold mining by some Chinese nationals would not affect the relationship between the two ... http://www.industriesnews.net/story?sid=s215278699&cid=35 Tue, 18 Jun 2013 16:30:17 -0400 Ghana News Agency http://www.industriesnews.net/story?sid=s215278699 Navrongo ( UE), June 18, GNA - Government would not countenance the involvement of any individual, group of persons, security personnel or Metropolitan, Municipal and District Chief Executive (MDCE), who would connive with illegal miners to destroy the ... http://www.industriesnews.net/story?sid=s215278700&cid=35 Tue, 18 Jun 2013 16:30:16 -0400 Ghana News Agency http://www.industriesnews.net/story?sid=s215278700 According to Inspector Adu Gyamfi, the officer in-charge of the Kyekyewere Police Station in the Central Region, the seven were arrested last Thursday afternoon after he led a patrol team to the mining ... http://www.industriesnews.net/story?sid=s215278701&cid=35 Tue, 18 Jun 2013 16:30:14 -0400 Ghana News Agency http://www.industriesnews.net/story?sid=s215278701 HTRM serves aggregate, mining and industrial mineral producers in Washington, Oregon, Idaho and Alaska as well as British Columbia, the Yukon and Northwest Territories, by providing better access to W.S. Tyler’s products and services. It offers 24-hour delivery of parts and screen media within British Columbia and slightly longer delivery times to all other ... http://www.industriesnews.net/story?sid=s215278824&cid=35 Tue, 18 Jun 2013 16:27:24 -0400 Canadian Mining Journal http://www.industriesnews.net/story?sid=s215278824 Positive news on the CSR front for Canada. Two members of the Mining Association of Canada (MAC), IAMGOLD and Teck Resources Limited (Teck), have made the fifth annual Top 50 Socially Responsible Companies list produced ... http://www.industriesnews.net/story?sid=s215278825&cid=35 Tue, 18 Jun 2013 16:27:20 -0400 Canadian Mining Journal http://www.industriesnews.net/story?sid=s215278825 June 18, 2013 /CNW/ - Duluth Metals Limited ("Duluth Metals" or the "Company") (TSX: DM) (TSX: DM.U) is pleased to announce the results of its Annual General Meeting of shareholders (the "Meeting") ... http://www.industriesnews.net/story?sid=s215278826&cid=35 Tue, 18 Jun 2013 16:23:03 -0400 CNW Group http://www.industriesnews.net/story?sid=s215278826 The iron ore price jumped more than 2% on Tuesday, extending a 6% rally that began Thursday last week when Chinese commodities traders returned from a three-day holiday. The benchmark import price of 62% iron ore fines at China's Tianjin port gained 2.3% or $2.70 to trade at $117.70 a tonne on Tuesday according to data supplied ... http://www.industriesnews.net/story?sid=s215278827&cid=35 Tue, 18 Jun 2013 16:18:41 -0400 News-Mining http://www.industriesnews.net/story?sid=s215278827 The negative tides for mining stocks appear to shifting towards the positive, at least for a few investment banks, as JP Morgan Cazenove and Citigroup have changed their views from bearish to ... http://www.industriesnews.net/story?sid=s215277444&cid=35 Tue, 18 Jun 2013 15:23:39 -0400 Forbes http://www.industriesnews.net/story?sid=s215277444 Driven by rising and highly volatile fuel costs, carbon policy developments and increasing challenges in accessing reliable and affordable electricity, the mining industry is looking to diversify its energy mix and understand the opportunities and challenges presented by renewable energy. While the cost and reliability of renewable sources now make them viable options for mining operations, ... http://www.industriesnews.net/story?sid=s215277580&cid=35 Tue, 18 Jun 2013 15:21:00 -0400 Canadian Mining Journal http://www.industriesnews.net/story?sid=s215277580 Newswires are full of LNG talk, and it's great to see excitement running high. The stocks of some of the service companies that will receive a piece of those billions of dollars--drillers, frackers, construction companies--are already starting to ... http://www.industriesnews.net/story?sid=s215277581&cid=35 Tue, 18 Jun 2013 15:11:30 -0400 News-Mining http://www.industriesnews.net/story?sid=s215277581 Chilean professionals working in the mining industry earn the highest salaries in Latin America and the sixth highest in the world, reveals a recent survey by global recruitment firm Hays. The study, which looked at 37 countries worldwide and had over 10,000 respondents, said Chilean mine employees earn an average annual salary of $97,537, not so far from the global average of $98,787. ... http://www.industriesnews.net/story?sid=s215277582&cid=35 Tue, 18 Jun 2013 15:11:29 -0400 News-Mining http://www.industriesnews.net/story?sid=s215277582 * Bill to require rights to be developed or lost * Introduces auction system for some mining prospects * Vale CEO says would have "major impact" on companies By Jeb Blount RIO DE JANEIRO, June 18 (Reuters) - Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46-year-old mining code on Tuesday, proposing royalties of up to ... http://www.industriesnews.net/story?sid=s215277844&cid=35 Tue, 18 Jun 2013 14:43:45 -0400 Reuters http://www.industriesnews.net/story?sid=s215277844 NEW YORK (MarketWatch) -- Gold futures traded at their lowest level in nearly four weeks Tuesday, with traders fixated on the possibility that the U.S. Federal Reserve will signal that it's ready to slow the flow of monetary ... http://www.industriesnews.net/story?sid=s215276174&cid=35 Tue, 18 Jun 2013 13:57:30 -0400 Market Watch http://www.industriesnews.net/story?sid=s215276174 John Roughan's article "Security trumps privacy online" belittles privacy as being of little concern to most people. It uses the familiar "those with nothing to hide have nothing to fear" argument to suggest we have nothing to fear from the American NSA's and perhaps the New Zealand GCSB's harvesting of millions of internet and phone records. The fact that a very tiny number of people who may be ... http://www.industriesnews.net/story?sid=s215279971&cid=35 Tue, 18 Jun 2013 13:30:00 -0400 New Zealand Herald http://www.industriesnews.net/story?sid=s215279971 Marissa Mayer yesterday announced the number of surveillance requests the Internet search company has received from the US government as a part of the National Security Agency's ... http://www.industriesnews.net/story?sid=s215274560&cid=35 Tue, 18 Jun 2013 13:14:53 -0400 RedOrbit http://www.industriesnews.net/story?sid=s215274560 Chile's Codelco, the world's largest copper producer, is going ahead with its Rajo Inca Project, which transforms El Salvador underground copper mine into an open pit operation, extending its life by a minimum of 20 years. In an interview with local ... http://www.industriesnews.net/story?sid=s215274721&cid=35 Tue, 18 Jun 2013 12:55:46 -0400 News-Mining http://www.industriesnews.net/story?sid=s215274721 Alpha Cond, the current president of Guinea, came to power in 2010 vowing to fight corruption in the West African nation which is one of the poorest in the world despite being rich in natural resources. Guinea enjoys vast gold and diamonds fields, is already the world's number exporter of bauxite, an aluminum ore, but the greatest prize in the country, perhaps the world, is the iron ... http://www.industriesnews.net/story?sid=s215274722&cid=35 Tue, 18 Jun 2013 12:55:45 -0400 News-Mining http://www.industriesnews.net/story?sid=s215274722 Malvern Instruments’ Houston (Texas, USA) office was delighted to host recent meetings on the 15th May 2013 of two American Petroleum Institute (API) working groups focussed on addressing the critical issue of how best to analyze drilling muds and the mineral components that they consist ... http://www.industriesnews.net/story?sid=s215274723&cid=35 Tue, 18 Jun 2013 12:37:13 -0400 AZoM http://www.industriesnews.net/story?sid=s215274723 TORONTO (miningweekly.com) – TSX-V-listed explorer Pangolin Diamonds on Tuesday announced it had discovered a second kimberlite pipe within its 1 545 ... http://www.industriesnews.net/story?sid=s215273220&cid=35 Tue, 18 Jun 2013 12:05:12 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273220 JOHANNESBURG (miningweekly.com) – JSE- and NYSE-listed gold producer Harmony Gold on Tuesday said it was compiling its 2014 financial year business plans, adding that early indications were that there would be a write-down of a portion of the carrying value of its Hidden Valley mine, in Papua New Guinea. The miner indicated that its new business plans would be completed by the end of its ... http://www.industriesnews.net/story?sid=s215273221&cid=35 Tue, 18 Jun 2013 12:05:09 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273221 TORONTO (miningweekly.com) – US-based aluminium refiner Alcoa has completed the second-phase expansion of aluminium/lithium alloy capacity at its Kitts Green facility, in the UK, to better serve the growing demand for the company’s third-generation aluminium/lithium alloys. The company on Tuesday said it expected aluminium/lithium revenues to quadruple over the next six years to ... http://www.industriesnews.net/story?sid=s215273222&cid=35 Tue, 18 Jun 2013 12:05:05 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273222 TORONTO (miningweekly.com) – The Canadian government on Tuesday announced it would raise the absolute liability for energy companies operating offshore Atlantic Canada and Arctic Canada to C$1-billion to align accountability with international standards. Natural Resources ... http://www.industriesnews.net/story?sid=s215273223&cid=35 Tue, 18 Jun 2013 12:05:01 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273223 , studying a $2 billion iron-ore mine expansion in Sierra Leone, is considering acquisitions in commodities such as copper and steelmaking raw materials. "There are significant opportunities in West Africa, across commodities and across countries, that we will be extremely well-positioned to take advantage of," Chief Executive Officer Keith Calder said in a phone interview from London ... http://www.industriesnews.net/story?sid=s215273224&cid=35 Tue, 18 Jun 2013 12:05:01 -0400 Mine Web http://www.industriesnews.net/story?sid=s215273224 TORONTO (miningweekly.com) – Quebec-based specialist alumina producer Orbite Aluminae has inked an offtake agreement that would see commodity-trading giant Glencore Xstrata subsidiary Glencore International buy all the smelter-grade alumina (SGA) to be produced by Orbite at its proposed SGA plant in the province. The offtake agreement, which has an initial term of ten years from the ... http://www.industriesnews.net/story?sid=s215273225&cid=35 Tue, 18 Jun 2013 12:04:58 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273225 JOHANNESBURG (miningweekly.com) – South Africa’s embattled platinum industry is at risk of losing 145 500 jobs by 2015, an analyst from Nomura said on Tuesday. Assuming a breakeven platinum price of $1 500/oz for 2014 and ... http://www.industriesnews.net/story?sid=s215273226&cid=35 Tue, 18 Jun 2013 12:04:54 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215273226 Brazil . The US$12 million award is part of an expansion to Vale's Carajs Mining Complex, which is the largest single-site producer of iron ore in the world. "Reliable operation of the conveyor system is critical," said Jos Catarino, Vale's Automation Coordinator for the S11D project. "If it stops working, the mine stops producing. But with Emerson's online ... http://www.industriesnews.net/story?sid=s215273227&cid=35 Tue, 18 Jun 2013 12:04:50 -0400 Mining Magazine http://www.industriesnews.net/story?sid=s215273227 RIO DE JANEIRO, June 18 | Tue Jun 18, 2013 11:59am EDT RIO DE JANEIRO, June 18 (Reuters) - Brazil will strictly enforce all clauses in existing mining rights from here on, ending previous leniency, Mines and Energy Minister Edison Lobo said on Tuesday, after the government announced a bill to reform the national mining code earlier in the day. The bill proposes to double royalties to up ... http://www.industriesnews.net/story?sid=s215274578&cid=35 Tue, 18 Jun 2013 11:59:42 -0400 Reuters http://www.industriesnews.net/story?sid=s215274578 Tiffany Chen , is the "anonymous Asian buyer" who acquired a 75.36 carat briolette diamond for $11 million, one of the world's most expensive ever gone under the hammer, ... http://www.industriesnews.net/story?sid=s215273228&cid=35 Tue, 18 Jun 2013 11:48:44 -0400 News-Mining http://www.industriesnews.net/story?sid=s215273228 The dip in international gold prices in the first quarter of 2013, combined with the high cost of operations, is leading companies to review their work plans and cut operating costs. Mr. Daniel Owiredu, President of Ghana Chamber of Mines, who made this known in Accra during the Annual General Meeting of the Chamber, said the situation had led to the review of projects meant to be expanded. He ... http://www.industriesnews.net/story?sid=s215273066&cid=35 Tue, 18 Jun 2013 11:36:54 -0400 All Africa http://www.industriesnews.net/story?sid=s215273066 TORONTO (miningweekly.com) – Turkey-focused project developer Aldridge Minerals on Monday announced that it had exercised its option to earn a 100% working interest in its flagship Yenipazar polymetallic volcanogenic massive sulphide project in the country, after it delivered the Yenipazar feasibility study to Alacer Gold. Alacer would retain a 6% net profit interest (NPI) in the ... http://www.industriesnews.net/story?sid=s215271701&cid=35 Tue, 18 Jun 2013 10:58:33 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215271701 South Africa’s National Treasury is still aiming to institute a carbon tax on January 1, 2015, but chief director for economic and tax ... http://www.industriesnews.net/story?sid=s215271702&cid=35 Tue, 18 Jun 2013 10:58:27 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215271702 Giant miner Rio Tinto (LON, ASX, NYSE:RIO), the world's second-biggest producer of iron ore,is getting closer to sell its $4 billion stake in Iron Ore Canada (IOC) as state-owned metals giant China Minmetals Corp confirmed Tuesday it is considering to bid for it. Minmetals Assistant President, Wang ... http://www.industriesnews.net/story?sid=s215270355&cid=35 Tue, 18 Jun 2013 09:36:11 -0400 News-Mining http://www.industriesnews.net/story?sid=s215270355 Opponents to NewmontMining's (NYSE:NEM)$5 billion gold and copper Conga mine in Peru staged a massive demonstration Monday evening to demand both the company and the country's authorities to stop work on the project, including the building of water reservoirs. Local ... http://www.industriesnews.net/story?sid=s215270354&cid=35 Tue, 18 Jun 2013 09:36:10 -0400 News-Mining http://www.industriesnews.net/story?sid=s215270354 Chinese police have arrested 118 people in investigations into environmental pollution cases since January, the Ministry of Public Security said Tuesday. Of the 118 arrests, 24 people have been charged by prosecutors and await trial, the ministry said in a statement. The ministry began a national campaign against environmental polluters earlier this year, and as part of that campaign, they said ... http://www.industriesnews.net/story?sid=s215270551&cid=35 Tue, 18 Jun 2013 09:22:27 -0400 Middle East Times http://www.industriesnews.net/story?sid=s215270551 Russia's metal producers dropped to the lowest level since 2009 on concern economic growth in China is slowing, curbing demand for commodities. OAO GMK Norilsk Nickel, the world's biggest producer of the metal, lost as much as 4.2 percent, trading down 2.4 percent at 4,360 rubles by 3:06 p.m. in Moscow, the lowest since December 2009 on a closing basis. OAO Novolipetsk Steel slid 1.2 ... http://www.industriesnews.net/story?sid=s215270356&cid=35 Tue, 18 Jun 2013 09:19:23 -0400 China Mining http://www.industriesnews.net/story?sid=s215270356 JOHANNESBURG (miningweekly.com) – Anglo American Platinum (Amplats) on Tuesday said that its operations in Rustenburg and the northern Pilanesberg region were operating normally, following disruptions by mineworkers last week. On Friday, 2 400 employees at Amplats’ Thembelani mine, in Rustenburg, were prevented from exiting underground on Friday afternoon by a group of mineworkers ... http://www.industriesnews.net/story?sid=s215269119&cid=35 Tue, 18 Jun 2013 08:48:07 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215269119 Sibanthracite plc said it intends to list as much as 25% of its shares on the London Stock Exchange (LSE) in an initial public offering (IPO).The listing will be the first Russian IPO in London this year, according to the company.Sibanthracite produces ultra-high grade anthracite from its mines in Russia for use in steel making. It produced 4.2Mt of run-of-mine anthracite last year and had ... http://www.industriesnews.net/story?sid=s215269120&cid=35 Tue, 18 Jun 2013 08:47:58 -0400 Mining Journal http://www.industriesnews.net/story?sid=s215269120 June 18, 2013 /CNW/ - Cosigo Resources Ltd. (TSXV: CSG) today announced the closing of a non-brokered private placement of 4,455,100 units at a price ... http://www.industriesnews.net/story?sid=s215269124&cid=35 Tue, 18 Jun 2013 08:36:45 -0400 CNW Group http://www.industriesnews.net/story?sid=s215269124 June 18, 2013 /CNW/ - Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) announces that preliminary metallurgical testing of mineralization from its Project Olza has been completed and has confirmed the initial excellent metallurgical results reported in the ... http://www.industriesnews.net/story?sid=s215269123&cid=35 Tue, 18 Jun 2013 08:36:45 -0400 CNW Group http://www.industriesnews.net/story?sid=s215269123 June 18, 2013 /CNW/ - Verde Potash (TSX: "NPK") ("Verde" or the "Company") is pleased to announce that Brazil's National Department of Mineral Production ("DNPM") has approved the final exploration reports for mineral tenements necessary for the Company's mine ... http://www.industriesnews.net/story?sid=s215269125&cid=35 Tue, 18 Jun 2013 08:36:44 -0400 CNW Group http://www.industriesnews.net/story?sid=s215269125 June 18, 2013 /CNW/ - Northquest Ltd. (TSX-V:NQ) ("Northquest") is pleased to announce that it has filed an updated technical report with respect to its Pistol Bay property, entitled "An Updated Independent Technical Report on the Pistol Bay Project, ... http://www.industriesnews.net/story?sid=s215269121&cid=35 Tue, 18 Jun 2013 08:36:44 -0400 CNW Group http://www.industriesnews.net/story?sid=s215269121 June 18, 2013 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) ("Mediterranean") is very pleased to advise the market that it has signed a Definitive Agreement for a strategic investment in its main Turkish subsidiary, Akdeniz Resources Madencilik A.S.. The new shareholder is a member of the Kaya family, owners of eka Insaat ve Ticaret A.S., a specialist ... http://www.industriesnews.net/story?sid=s215269122&cid=35 Tue, 18 Jun 2013 08:36:43 -0400 CNW Group http://www.industriesnews.net/story?sid=s215269122 Today, Bashneft Group opened a state-of-the-art Drilling Support Centre (DSC) in Ufa designed and constructed by Schlumberger, the world's leading supplier of a full range of modern technologies, project management services and IT solutions for the oil and gas industry. The DSC is designed to provide professional real-time drilling support maximizing operational and economic efficiency. ... http://www.industriesnews.net/story?sid=s215269126&cid=35 Tue, 18 Jun 2013 08:18:40 -0400 Neftegaz http://www.industriesnews.net/story?sid=s215269126 BAGHDAD -- U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region. The California-based company said in a statement emailed Tuesday that it acquired the rights to hunt in the Qara Dagh exploration block, which is located southeast of the regional capital Irbil. Financial terms ... http://www.industriesnews.net/story?sid=s215267838&cid=35 Tue, 18 Jun 2013 07:48:31 -0400 Star Tribune http://www.industriesnews.net/story?sid=s215267838 Maptek has announced that its Laser Imaging Solutions division has gained accreditation to the international quality standard ISO 9001.Athy Kalatzis, manager of laser imaging solutions at Maptek, said: "This is the result of almost two years concentration on formalising our processes and procedures to ensure our quality systems meet the exacting requirements of this standard."The final ... http://www.industriesnews.net/story?sid=s215267990&cid=35 Tue, 18 Jun 2013 07:44:10 -0400 Mining Magazine http://www.industriesnews.net/story?sid=s215267990 Cameco has announced that the Canadian Nuclear Safety Commission (CNSC) has granted a uranium mining licence, authorising construction and operation of the Cigar Lake project in the Athabasca Basin of northern ... http://www.industriesnews.net/story?sid=s215267989&cid=35 Tue, 18 Jun 2013 07:44:10 -0400 Mining Magazine http://www.industriesnews.net/story?sid=s215267989 BACOLOD CITY, Negros Occidental--Philex Gold Philippines Inc. has put on hold its mining exploration in Sipalay City, Negros Occidental, following a raid on its facility by suspected New People’s Army rebels in May. Manuel Pangilinan, chairman and chief executive officer of Philex Mining Corp., made this disclosure at a press conference attended by provincial media at the Shangri-la Hotel ... http://www.industriesnews.net/story?sid=s215267870&cid=35 Tue, 18 Jun 2013 07:41:45 -0400 Inquirer http://www.industriesnews.net/story?sid=s215267870 June 18, 2013 /CNW/ - Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI | Frankfurt: F4S.F) is pleased to release a new production plan for ... http://www.industriesnews.net/story?sid=s215267991&cid=35 Tue, 18 Jun 2013 07:32:46 -0400 CNW Group http://www.industriesnews.net/story?sid=s215267991 Ensco 100 (350' ILC) rig. Ithaca said the initial campaign involves the drilling and completion of four production wells on the Stella field prior to its start-up. Three horizontal wells will be drilled into the oil rim of the field, along with one highly-deviated gas-condensate well on the crest of the structure. Each well is expected to take between 80 and 90 days to drill and complete. ... http://www.industriesnews.net/story?sid=s215266959&cid=35 Tue, 18 Jun 2013 06:44:13 -0400 Rigzone http://www.industriesnews.net/story?sid=s215266959 JOHANNESBURG (miningweekly.com) – London-listed junior Baobab Resources could significantly scale up its pig iron and ferro-vanadium project, in the Tete province, with an increased production scenario studying a two-million-tonne-a-year operation. The new model returned pretax net present value (NPV) of $2.4-billion, a pretax internal rate of return (IRR) of 26%, capital expenditure ... http://www.industriesnews.net/story?sid=s215266960&cid=35 Tue, 18 Jun 2013 06:41:28 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215266960 PERTH (miningweekly.com) – Diversified junior Metals X has suspended work on the definitive feasibility study of its Wingella nickel-cobalt project, in Western Australia, as depressed commodity prices persisted. "After due consideration of the current depressed equity and resource market and cyclical low nickel prices, the board has concluded that a deferral of expenditure is ... http://www.industriesnews.net/story?sid=s215266961&cid=35 Tue, 18 Jun 2013 06:41:18 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215266961 - Up to 145,500 jobs and 60 percent of South Africa's platinum output could be a risk in coming years amid unrest and upheavals in the sector, Economists at Nomura bank warned on Tuesday. Analysts at the Japanese bank said that rising mining costs - because of wage increases, regulation, increased electricity prices and a need to drill deeper - as well as political risks, would force mines ... http://www.industriesnews.net/story?sid=s215266848&cid=35 Tue, 18 Jun 2013 06:39:02 -0400 IOL http://www.industriesnews.net/story?sid=s215266848 Shanghai steel rebar futures inched higher after hitting a fresh nine-month low on Thursday in the first trading session after a three-day national holiday, though concerns about weak demand and overcapacity dominated investors thoughts. The most active rebar contract on the Shanghai Futures Exchange fell to a low of 3,386 yuan ($550) per tonne, the lowest since Sept. 6, before nudging up to ... http://www.industriesnews.net/story?sid=s215266963&cid=35 Tue, 18 Jun 2013 06:07:26 -0400 China Mining http://www.industriesnews.net/story?sid=s215266963 China, the world's second largest oil consumer after the U.S., imported 23.95 million metric tons of crude oil in May this year, 6% less than that in the same month of last year, according to the latest figures from China's General Administration of Customs. The crude oil imports last month were 3.8% more than the 23.08 million metric tons in April. The country saw its imports of oil ... http://www.industriesnews.net/story?sid=s215266962&cid=35 Tue, 18 Jun 2013 06:07:26 -0400 China Mining http://www.industriesnews.net/story?sid=s215266962 A Chinese think tank said Friday that a deep reform is needed of China's oil monopoly system, which has led to low efficiency, and suggested that the first step should be opening import access to crude oil to all oil refineries. The total welfare loss caused by the country's oil monopoly system, including profit loss in the oil industry, reached as high as 3.477 trillion yuan ($561 ... http://www.industriesnews.net/story?sid=s215266964&cid=35 Tue, 18 Jun 2013 06:07:25 -0400 China Mining http://www.industriesnews.net/story?sid=s215266964 The gold price in Hong Kong went down 80 HK dollars to open at 13,010 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,407.33 US dollars a troy ounce, down 8.65 US dollars at the latest exchange rate of one US dollar against 7.76 HK ... http://www.industriesnews.net/story?sid=s215266965&cid=35 Tue, 18 Jun 2013 06:07:24 -0400 China Mining http://www.industriesnews.net/story?sid=s215266965 The PRICE of gold slipped from a new 2-week high in London trade Friday morning, nearing the weekend 2.9% above last week's finish, but losing more than 4.6% from the start of May. Silver also edged lower, cutting its weekly gain to 0.3% and standing 7.6% lower for the month. European stock markets meantime extended this week's drop, but held onto better than 5% gains for May. ... http://www.industriesnews.net/story?sid=s215266966&cid=35 Tue, 18 Jun 2013 06:07:23 -0400 China Mining http://www.industriesnews.net/story?sid=s215266966 China, the world's largest copper consumer, imported 358,672 metric of unwrought copper and copper products in May this year, up 21% from the previous month, according to the latest statistics released by the General Administration of Customs. However, the copper imports last month were 14.5% less than imports in the same month of 2012. In the first five months of this year, the ... http://www.industriesnews.net/story?sid=s215266967&cid=35 Tue, 18 Jun 2013 06:07:21 -0400 China Mining http://www.industriesnews.net/story?sid=s215266967 PERTH (miningweekly.com) – Sydney-based Commissioners Gold has acquired a third gold project in Peru to boost the maiden production of its Mollehuaca gold plant, which was currently being commissioned. Commissioners and its joint venture partner have acquired the Eladium mining concession, some 35 km east of the Mollehuaca gold plant. The project area covers some 973.75 ha of highly ... http://www.industriesnews.net/story?sid=s215265943&cid=35 Tue, 18 Jun 2013 05:37:36 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265943 PERTH (miningweekly.com) – ASX-listed Radar Iron has withdrawn from the Mount Ruby project, in Queensland, after failing to renegotiate the terms of the existing earn-in agreement. During February, Radar announced that it had acquired a 51% interest in the project, which had an exploration target of between eight-million and 27-million tonnes, grading between 57% and 68% iron. Under ... http://www.industriesnews.net/story?sid=s215265944&cid=35 Tue, 18 Jun 2013 05:37:33 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265944 PERTH (miningweekly.com) – Coal developer Hodges Resources was hoping to fast-track its growth after acquiring the issued share capital of a Kyrgyzstan based, Australian-owned company. The takeover target holds a 50% interest in an operational thermal coal mine, as well as additional coal prospects in Kyrgyzstan. The operational opencut mine currently produces around 100 000 t within ... http://www.industriesnews.net/story?sid=s215265945&cid=35 Tue, 18 Jun 2013 05:37:30 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265945 PERTH (miningweekly.com) – Copper miner Tiger Resources on Tuesday told shareholders that it would likely exceed its 2013 production target of 37 000 t of copper concentrate at its Kipoi copper project, in the Democratic Republic of Congo. The miner has revised the production guidance for the stage one heavy media separation (HMS) operation to between 41 000 t and 43 000 t for the full ... http://www.industriesnews.net/story?sid=s215265946&cid=35 Tue, 18 Jun 2013 05:37:27 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265946 PERTH (miningweekly.com) – Australia was poised for a further A$180-million investment in offshore exploration, after federal Resources and Energy ... http://www.industriesnews.net/story?sid=s215265947&cid=35 Tue, 18 Jun 2013 05:37:24 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265947 JOHANNESBURG (miningweekly.com) – London-listed African Minerals on Tuesday said it had exceeded the targeted 20-million-tonnes-a-year export run rate at its 75%-owned Sierra Leone-based Tonkolili iron-ore mine, in Sierra Leone. The company achieved peak daily mining production of 75 852 t between May 18 and June 16, which, if maintained, would equate to 27.7-million tonnes a year. ... http://www.industriesnews.net/story?sid=s215265948&cid=35 Tue, 18 Jun 2013 05:37:21 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265948 PERTH (miningweekly.com) – ASX-listed junior Caravel Minerals has agreed to sell its noncore Silver Swan tenements, in Western Australia, to focus on its flagship projects, including the Calingiri copper/molybdenum project, and the Bryah Basin copper/gold project. The metals developer noted that sales agreements were now in place for the Abbots, Bourkes and Yangahong projects, while ... http://www.industriesnews.net/story?sid=s215265949&cid=35 Tue, 18 Jun 2013 05:37:17 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265949 PERTH (miningweekly.com) – South Africa-focused Universal Coal has pushed forward the development of its A$46.8-million Kangala thermal coal operation by two months, with production now slated for February 2014. Kangala would be Universal’s first operational mine, and some two-million tonnes a year of domestic coal sales to energy major Eskom has already been secured, with the ... http://www.industriesnews.net/story?sid=s215265950&cid=35 Tue, 18 Jun 2013 05:37:13 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265950 PERTH (miningweekly.com) – China’s Shandong Qixing Iron Tower has raised some $300-million as part of efforts to conclude the acquisition of ASX-listed Stonewall Resources. In May, the junior gold developer entered into a conditional agreement with Shandong regarding the possible sale of its subsidiary Stonewall Mining for $150-million. Stonewall holds a range of prospective ... http://www.industriesnews.net/story?sid=s215265951&cid=35 Tue, 18 Jun 2013 05:37:09 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265951 Perth 6000 The ABC has confirmed that Rio Tinto is sacking more staff at its iron ore operations in Western Australia. The jobs that are going include executives at the general manager and manager level. A number of roles will be cut from the Perth office as the iron ore business is restructured under the unit's new boss, Andrew Harding. Staff will be made redundant or offered jobs ... http://www.industriesnews.net/story?sid=s215265862&cid=35 Tue, 18 Jun 2013 05:28:40 -0400 ABC Australia http://www.industriesnews.net/story?sid=s215265862 Steel reinforcement-bar futures in Shanghai traded near the lowest level in nine months as the price of iron ore fell and investors continued to reduce positions in the last trading day before a holiday. Rebar for delivery in October on the Shanghai Futures Exchange fell as much as 0.6 percent to 3,402 yuan ($555) a metric ton, the lowest level for a most-active contract since Sept. 7, and was ... http://www.industriesnews.net/story?sid=s215265952&cid=35 Tue, 18 Jun 2013 05:04:39 -0400 China Mining http://www.industriesnews.net/story?sid=s215265952 China imported 68.56 million tonnes of iron ore in May, up 2.1 percent from April and the third highest on record, data from customs showed on Saturday, with local steel mills still running at close to record rates. Year to date imports reached 322 million tonnes, up 4.7 percent compared to last year. The increase was driven primarily by Chinese steel production, with daily runs hitting a ... http://www.industriesnews.net/story?sid=s215265954&cid=35 Tue, 18 Jun 2013 05:04:38 -0400 China Mining http://www.industriesnews.net/story?sid=s215265954 Centerra Gold Inc said operations at its flagship mine in Kyrgyzstan have been suspended after villagers blocking the only road to the mine since Tuesday disrupted the power supply. The company said Kumtor mine has begun an orderly shutdown of the milling facility using back-up diesel-generated power. The back-up generators are providing power to the camp and other facilities. John Pearson, ... http://www.industriesnews.net/story?sid=s215265953&cid=35 Tue, 18 Jun 2013 05:04:35 -0400 China Mining http://www.industriesnews.net/story?sid=s215265953 KINSHASA – Security in Congo's copper-mining heartland of Katanga is a "very serious concern" that must be tackled politically and militarily, the outgoing head of the UN peackeeping mission said on Monday. The province, which sits on some of the world's largest copper reserves, last year exported 600 000 t. Miners including Freeport McMoRan and Glencore already ... http://www.industriesnews.net/story?sid=s215265040&cid=35 Tue, 18 Jun 2013 04:34:34 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265040 KOLKATA (miningweekly.com) - Fears over political fall-outs and ongoing investigations into illegalities in past coal block allocations have cast a pall of uncertainty over the industry, with Indian government deciding not to proceed with the auction of new blocks for user industries. According to officials in India’s Coal Ministry, the allocation of coal blocks allocated through a ... http://www.industriesnews.net/story?sid=s215265041&cid=35 Tue, 18 Jun 2013 04:34:28 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265041 Creamer Media's Australasian Mining Roundup is a business and information tool for decision-makers in the mining industry. This monthly report provides a synopsis of mining activity in Australasia during the past month. The roundup presents the information in an easy-to-read disaggregated format, covering exploration and feasibility studies, projects, operations, corporate activity, general ... http://www.industriesnews.net/story?sid=s215265042&cid=35 Tue, 18 Jun 2013 04:34:24 -0400 Mining Weekly http://www.industriesnews.net/story?sid=s215265042 . You may proceed without logging in but all changes will be saved to cookies - this may only last for one browsing session depending on your device ... http://www.industriesnews.net/story?sid=s215265043&cid=35 Tue, 18 Jun 2013 04:34:10 -0400 Mine Web http://www.industriesnews.net/story?sid=s215265043 521 tonnes of lithium carbonate produced in May Major power upgrade completed on site during the month Total product sales of 538 tonnes recorded for the month Battery grade lithium carbonate sales ... http://www.industriesnews.net/story?sid=s215265044&cid=35 Tue, 18 Jun 2013 04:21:36 -0400 CNW Group http://www.industriesnews.net/story?sid=s215265044 Tue Jun 18, 2013 4:20am EDT * Oil traders to seek grain storage, port capacity assets * Glencore results suggest energy margins thinnest * Long-term bullish outlook for agriculture remains intact By Emma Farge and Sarah McFarlane GENEVA/LONDON, June 17 (Reuters) - Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port ... http://www.industriesnews.net/story?sid=s215265923&cid=35 Tue, 18 Jun 2013 04:20:08 -0400 Reuters http://www.industriesnews.net/story?sid=s215265923 Metals X has become the latest Western Australian exploration play to down tools because of prevailing pessimism in the sector, suspending work on a definitive feasibility study at its Wingella nickel-cobalt project in the state's north-east. Chief executive Peter Cook said current economic conditions, as well as the cyclical low in nickel prices, meant a deferral of spending at Wingella ... http://www.industriesnews.net/story?sid=s215264110&cid=35 Tue, 18 Jun 2013 03:36:48 -0400 Business News http://www.industriesnews.net/story?sid=s215264110 - Brazil, the world's second-largest producer of iron ore and a major producer of key metals, plans to unveil a bill overhauling its 46-year-old mining law on Tuesday in President Dilma Rousseff's latest effort to tighten state control of natural resources. The bill will also test the government's efforts to reduce tensions with investors, many of whom believe Rousseff's ... http://www.industriesnews.net/story?sid=s215264038&cid=35 Tue, 18 Jun 2013 03:29:08 -0400 Mine Web http://www.industriesnews.net/story?sid=s215264038 FOR AN industry that routinely makes multibillion-dollar deals with developing world governments and an array of sometimes controversial leaders, the mining sector has been remarkably free of political scrutiny. No ... http://www.industriesnews.net/story?sid=s215264043&cid=35 Tue, 18 Jun 2013 03:26:32 -0400 IOL http://www.industriesnews.net/story?sid=s215264043 confirmed the stoppage with Industrial Minerals on Monday: "We have suspended mining owing to high inventory levels, but we are continuing with our processing activities and to supply our customers." TIMCAL is a world leader in high tech solutions based on graphite and carbons. Graphite has been called 'a metal for the 21st century' forits unique chemical and physical ... http://www.industriesnews.net/story?sid=s215264111&cid=35 Tue, 18 Jun 2013 03:12:51 -0400 News-Mining http://www.industriesnews.net/story?sid=s215264111 Air Products will introduce two new technologies for metals processors at PowderMet 2013 in Chicago, Ill., from June 24-27. Conference attendees can stop by Air Products’ #310 to learn about the company’s new process for accelerated cooling for sinter-hardening of low-alloy steels, which not only can lower material cost, but can also increase hourly ... http://www.industriesnews.net/story?sid=s215264112&cid=35 Tue, 18 Jun 2013 02:55:18 -0400 AZoM http://www.industriesnews.net/story?sid=s215264112 Bua Ban North B-17 and Ko Kra A-01 exploration wells and provided an update to its 2013 guidance. Bua Ban North The Bua Ban North B-17 well was drilled to a depth of 3,800 feet TVDSS. The well encountered 34 feet of net pay in the M100 Miocene reservoir with average porosity of 23 percent. The B-17 well was drilled into fault block north of the existing Bua Ban North reserve base. This fault ... http://www.industriesnews.net/story?sid=s215263298&cid=35 Tue, 18 Jun 2013 02:29:33 -0400 Rigzone http://www.industriesnews.net/story?sid=s215263298 Golden Star has reduced its operating guidance from gold production of 320,000-350,000 ounces this year to a range of 290,000-310,000 ounces from its two operating mines in the Ashanti Gold ... http://www.industriesnews.net/story?sid=s215263299&cid=35 Tue, 18 Jun 2013 02:26:45 -0400 Mine Web http://www.industriesnews.net/story?sid=s215263299 JAKARTA, June 18 | Tue Jun 18, 2013 2:10am EDT JAKARTA, June 18 (Reuters) - Indonesia's government may decide this week on whether to allow Freeport McMoRan Copper and Gold Inc to resume open-pit mining, the Minister of Energy and Mineral Resources said on Tuesday, five weeks after a tunnel collapse killed 28 workers. Freeport suspended operations at the world's No.2 copper mine ... http://www.industriesnews.net/story?sid=s215264313&cid=35 Tue, 18 Jun 2013 02:10:32 -0400 Reuters http://www.industriesnews.net/story?sid=s215264313 (41 mins ago) Pregnant women who were exposed to high levels of air pollution were twice as likely to have a child with autism as women who lived in low pollution areas, a US study found. According to experts at Harvard University, the research is the first large national study to examine links between the prevalence of pollution and the development of the developmental disorder, AFP reports. ... http://www.industriesnews.net/story?sid=s215262430&cid=35 Tue, 18 Jun 2013 01:07:02 -0400 The Standard http://www.industriesnews.net/story?sid=s215262430 Metals X has shelved work on its remote Wingellina nickel-cobalt project because of weak market conditions and low commodity prices.The company said its board had decided to halt engineering work on a definitive feasibility study for the project.Chief executive and executive director Peter Cook said the board had concluded that a deferral of expenditure was prudent given the depressed equity and ... http://www.industriesnews.net/story?sid=s215262431&cid=35 Tue, 18 Jun 2013 00:57:59 -0400 The West Australian http://www.industriesnews.net/story?sid=s215262431 Bolivia's state-owned oil company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) plans to invest $151 million by December to explore oil reserves in the western department of La Paz, Bolivian Vice President Alvaro Garcia Linera announced Monday."People should not doubt that the government will spend the money needed to find oil in the department of La Paz, and that way generate a ... http://www.industriesnews.net/story?sid=s215261637&cid=35 Tue, 18 Jun 2013 00:17:20 -0400 Global Times http://www.industriesnews.net/story?sid=s215261637 South African President Jacob Zuma vowed on Wednesday to take a hard line against labour unrest in the mining sector, which has been rocked by 18 months of killings and wildcat strikes that have threatened to destabilise Africa's biggest economy. Zuma's decisive comments helped lift the rand about 8 cents to 9.94 per dollar, a stark contrast to last month, when the currency sank to ... http://www.industriesnews.net/story?sid=s215261638&cid=35 Mon, 17 Jun 2013 23:47:02 -0400 China Mining http://www.industriesnews.net/story?sid=s215261638 Gold imports by India, the world's largest consumer, are plunging as an increase in tax and restrictions on financing shipments boost costs for jewelers, helping the nation contain a record current-account deficit. Shipments in June will decline as only orders placed before the curbs are being imported now, said Rajesh Mehta, chairman of Rajesh Exports Ltd. Overseas purchases tumbled to an ... http://www.industriesnews.net/story?sid=s215261639&cid=35 Mon, 17 Jun 2013 23:47:01 -0400 China Mining http://www.industriesnews.net/story?sid=s215261639 India's thermal coal imports in April jumped by nearly half over a year ago, provisional data from government sources showed, as growing demand and cheap prices fuelled buying by the world's fourth-biggest importer. The surge in the shipments, which came on the heels of a 75 percent climb in India's fiscal year thermal coal imports, will help the country cope better with slowing ... http://www.industriesnews.net/story?sid=s215261640&cid=35 Mon, 17 Jun 2013 23:46:58 -0400 China Mining http://www.industriesnews.net/story?sid=s215261640 The North American net new aluminum mill order index increased 1.2% in May compared with April, according to a report released Wednesday by the Aluminum Association. New mill orders decreased 6.3% compared with May 2012's total. Year-to-date, the index is down 4.3%, the report said. May plate orders decreased 7% from April, and were down 5.9% compared with May 2012 levels. May sheet ... http://www.industriesnews.net/story?sid=s215261641&cid=35 Mon, 17 Jun 2013 23:46:56 -0400 China Mining http://www.industriesnews.net/story?sid=s215261641 http://www.kncminer.com ), a new entrant to join the bitcoin mining hardware community, are pleased to announce their range of state of the art, bitcoin mining machines. Designed in Sweden, the first 2 models, named Jupiter and Saturn, are powered by 28nm ASIC chips and will produce up to 350 GHash/s and 175 GHash/s respectively. ... http://www.industriesnews.net/story?sid=s215261039&cid=35 Mon, 17 Jun 2013 23:01:38 -0400 General Sources http://www.industriesnews.net/story?sid=s215261039 Sri Lanka is in discussion with Japan about a $600 million loan to fund the construction of a 600 MW coal power plant, the power ministry secretary told Reuters on Friday, as the island nation aims to lower power generation costs. Sri Lanka raised its electricity tariff sharply in April in as part of efforts to reduce losses at the state-run power company. Extended droughts have cut hydro power ... http://www.industriesnews.net/story?sid=s215260765&cid=35 Mon, 17 Jun 2013 22:42:33 -0400 China Mining http://www.industriesnews.net/story?sid=s215260765 US space agency NASA said Monday it has selected eight new astronauts for future missions to low-Earth orbit, an asteroid and even Mars.The eight candidates, all in their 30s, were chosen from more than 6,000 applications NASA received last year. Half of them are women, making this the highest percentage of female astronaut candidates ever selected for a class.NASA said the candidates could also ... http://www.industriesnews.net/story?sid=s215259992&cid=35 Mon, 17 Jun 2013 22:08:45 -0400 Global Times http://www.industriesnews.net/story?sid=s215259992 The overhaul of Brazil's 46-year-old mining law will be unveiled on Tuesday as President Dilma Rousseff looks to strike a delicate balance between control over the country's vast natural resources and appeasement of international investors who find the president's approach to business "heavy ... http://www.industriesnews.net/story?sid=s215259993&cid=35 Mon, 17 Jun 2013 21:55:41 -0400 News-Mining http://www.industriesnews.net/story?sid=s215259993 Banro Corporation (TSE:BAA) shares jumped 6.6% on Monday after the company released a note to its preference shareholders pegging its dividend payable. Despite the gains, the Toronto-based company producing gold in the Democratic Republic of Congo, is still trading down massively this year like its gold mining peers. The stock closed up 6.6% at $1.13 on Monday affording it a $284 million market ... http://www.industriesnews.net/story?sid=s215259054&cid=35 Mon, 17 Jun 2013 20:52:30 -0400 News-Mining http://www.industriesnews.net/story?sid=s215259054 attributed to a new Israeli government panel that will likely recommend higher royalty payments and taxes for the resource sector. The committee formation is not welcome news for the industry. The head of the panel, Eitan ... http://www.industriesnews.net/story?sid=s215259053&cid=35 Mon, 17 Jun 2013 20:52:30 -0400 News-Mining http://www.industriesnews.net/story?sid=s215259053 Mining stocks have been so badly beaten down that now is the time to consider jumping in, or back in, according to analysts at J.P. Morgan Cazenove. The investment bank has moved its position on the mining sector from neutral from underweight and is urging investors not to short mining ... http://www.industriesnews.net/story?sid=s215259052&cid=35 Mon, 17 Jun 2013 20:52:30 -0400 News-Mining http://www.industriesnews.net/story?sid=s215259052