Wild Acre Metals updates on exploration programs in Peru

Wild Acre Metals is pleased to provide details of forthcoming exploration programs at its 100% owned Peruvian IOCG and epithermal gold-silver projects.

The 3 projects, namely Sambalay, Yauca and Chaparra contain target anomalies ready for drilling. To assist drill planning, the Company will undertake surface sampling and geological mapping in the September quarter 201ddress of crusher supplier in saudi arabia2.

In addition the required permitting formalities will be completed to ensure that planned drilling at the Sambalay and Yauca Projects can be completed in the December quarter 2012.

Wild Acre has recently completed initial community consultations for the Sambalay Project area in Southern Peru. This has established that Wild Acre’s planned reconnaissance style of exploration for the next quarter can proceed without restrictions.

At the Sambalay project, there are no rural based communities within the Sambalay project concessions as the project is located on uncultivated lands within the Atacama Desert. At the Yauca and Chaparra projects, initial community relations investigations has commenced and is anticipated to be completed during July.

Exploration will be commenced in the September quarter on all Wild Acre’s 100% owned Peruvian projects namely the Yauca and Chaparra and Sambalay project.

September Quarter 2012
During the September quarter, “on ground” exploration will focus on confirmation of targets such that they will be prepared for drilling in the December quarter 2012.

Chaparra and Yauca Projects
Previous exploration at the Yauca and Chaparra Projects by the previous owners has confirmed the presence of large district scale magnetic anomalies. Initial 2D and 3D geophysical modelling has indicated that the vertical depth to the top of the magnetic anomaly at Yauca is between 60 metres and 100 metres and at Chaparra between 180 metres and 200 metres below surface. This modelling at the Yauca project is suggestive of the occurrence of several tabular magnetic bodies.

The planned exploration activities on these projects will involve geological reconnaissance and mapping, geochemical sampling with multielement assaying, additional geophysical modelling and interpretation, drill planning and logistical and community relations activities. Figure 3: Location of the Yauca and Chaparra IOCG Projects – Peru The objective of this planned exploration is to ensure that optimal drill orientations are achieved to test these targets.

Previous exploration at the Sambalay project has returned positive results from the 3 identified mineralised prospects. These prospects were discovered from initial regional style exploration.

At the Mina Tapial prospect, a gold‐silver epithermal vein system extending for a strike of 300 metres has been identified from rock chip sampling with bonanza grades of up to 15.1 g/t gold, 2,780 g/t silver and 10.55% copper. An Induced Polarisation geophysical survey has identified a strong resistivity anomaly approximately 50 metres below the vein system.

To advance this target before drill testing, geochemical/rock chip sampling, geological mapping and drill planning will be completed with the objective to identify the possibility of additional vein systems being located and to fully scope out the extent of the known vein system. This will enable planned drill holes to be located in the optimal orientation to be tested in the December quarter 2012. Logistical requirements for the completion of drilling will be assessed at this time.

At the Sambalay Chico copper prospect several fracture zones containing copper mineralisation within breccias have been located within a broad zone of approximately 150 metres wide extending for a distance of 300 metres. A number of rock chip samples have been returned with copper grades exceeding 1% copper up to a maximum of 8.63% copper from malachite, chrysocolla and chalcedony filled fractures. To advance this prospect for future drill testing, further geological mapping and geochemical sampling is required to fully scope out this identified copper mineralisation.

At the Agua del Milagro prospect anomalous gold and copper results have been returned from regional style Bulk Leach Extractable Gold stream and rock chip sampling. Further follow‐up sampling and geological reconnaissance will be undertaken in order to further evaluate these anomalies with respect to the large 2.5km x 2.0km Aster and Landsat anomalies. Anomalous rock chip results up to 1.64 g/t gold and 347 g/t silver have been returned from this prospect and require further investigation.

December Quarter 2012
It is planned to drill test the identified shallow magnetic anomalies at the Yauca Project during the December quarter 2012. Final interpretations and preparations for the permitting and drill access for this project are expected to be completed early in the December quarter 2012 to allow for drill testing. Man portable diamond drill rigs will be used to complete initial drill testing. At the Sambalay Project it is anticipated that final preparations for drill testing of the IP anomaly at the Mina Tapial prospect will be completed and that diamond drill testing will be commenced within the December quarter 2012. Further ongoing regional exploration will be completed at the Agua del Milagro and Sambalay Chico prospects in order to identify drill targets.

Work Programs 2013
It is planned that exploration will be continued on all 3 project areas during 2013. The exploration priorities will be determined from the results returned from the initial programs completed during 2012. The IOCG targets at Yauca and Chaparra represent very large targets and it is anticipated that several phases of drilling will be required to fully evaluate them. At the Sambalay Project all identified prospects will require ongoing exploration with the possibility of further drilling at the Mina Tapial prospect.

Wild Acre’s Chairman Grant Mooney said that “The Wild Acre team is extremely excited at the prospect of commencing the build up to drilling our key targets later this year. Each of our three Peruvian projects hosts the potential for a major discovery and we are looking forward to giving our shareholders the opportunity to benefit from this prospectivity”.

Jharkhand government may scrap MoUs with sluggish steel firms

Worried over tlead zinc ore crushingprocessing machinehe tardy progress made by the steel makers, the Jharkhand government is considering to cancel the MoUs it entered with Ispat and Bhushan Steel for setting up steel projects in the state. In the last couple of years the government has cancelled 27 of its 75 MoUs - the most recent being that of Sesa Goa.

Next in line are the MoUs of Prakash Ispat, BM Salgaocar, Sunflag Iron and Steel, Contisteel (promoted by Rathi Super steel and Orissa Sponge Iron) and Vini Iron & Steel Udyog, AP Singh, state industry secretary, said. Singh's office has already directed the mines department in the state not to recommend any mining lease for Sesa Goa. Sesa Goa declined to comment. Vedanta, which has a prospecting licence of iron ore over 7 sq km in West Singhbum area since 2004, was to invest 1,242 crore in a pig iron and coke oven plant as per an MoU it signed with the government in 2006. Jharkhand, home to one-fourth of the country's iron ore, and two large integrated steel plants at...

Gold’s Biggest Gain in 12 Weeks Signaling End of ‘Capitulation’

The “capitulation” in gold that drove the metal to its worst January in 14 years may be mobile cone crushers for sale south africaending as escalating violence in northern Africa spurs demand for a haven and after a key technical indicator held.Futures traded on the Comex exchange in New York jumped 1.7 percent on Jan. 28, the most since Nov. 4, as thousands of people took to the streets of Egyptian cities to protest the 30- year rule of President Hosni Mubarak.

Gold earlier rebounded off its 150-day moving average, an indication the metal may surge 21 percent to a record by the end of June, according to technical analysis by the Hightower Report.“The capitulation is over,” said Tom Pawlicki, an analyst at MF Global Holdings Ltd. in Chicago, who correctly predicted in September that the metal would keep rallying to $1,350 an ounce after reaching a record. “The liquidation has washed out the weak trades and put gold at a point that looks attractive to new buyers.”...

Tanzania asked to raise mining tax

The International Monetary Fund (IMF) has urged the Tanzanian Government to increase tax onmaquina utilizadas en una planta concentradora mining activities as a strategy to boost revenue collections to meet its budgetary obligations. The mining sector contributes about 52 per cent of country's exports, but it only accounts for three per cent of the country's Gross Domestic Product (GDP).

"Strengthening Value Added Tax (VAT) compliance and enhancing the taxation of the mining sector will be a big boost to revenue mobilization," said the IMF Executive Board assessment of the economy through Article IV Consultation instrument with the Government last week. The board reiterated its stance on broadening of the tax base, reducing exemptions and improving public financial management. In a move to boost the country's income, the Deputy Minister for Energy and Minerals, Mr Adam Malima said, the Government has decided to review the mining's tax exemption package with a view to collect more income for the country's developments. Deputy Minister Malima said the Government and mining firm's experts are already reviewing the sector's tax exemptions package with a view to creating a mutually beneficial situation...

BHP Billiton denies plan to restart coal mine

BHP Billiton said Thursday that it has no plan to restart its Norwich Park coal mining operation ingold claims for lease in alaska Australia by employing new workers, refuting a labor union's claim that a leaked company document points to a confidential five-year plan for the mine.

The Construction, Forestry, Mining and Energy Union earlier said it had written to BHP demanding to know the company's intentions for the mine after anonymously receiving a document that appears to outline a plan to utilize the assets at Norwich Park and achieve revenue and earnings targets. The union's claim and the company's denial come amid a tense labor dispute between the mine's owners--BHP and Japan's Mitsubishi Corp. -- and around 3,500 workers from three labor unions. The workers have for months staged rolling strikes at BHP-Mitsubishi mines in Queensland, cutting into production volumes. BHP last month said it would cease production at the Norwich Park mine indefinitely after a seven-week study failed to identify a way to return the...

Rio Tinto to exercise the Series A warrants in Ivanhoe Mines

Rio Tinto confirmed today that it has given notice to Ivanhoe Mines Ltd (Ivanhoe) that it is exercising all of its Series A warrants which will increase Rio Tinto's ownership of Ivanhoe shares by 7.3 per cent to 29.6 per cent and provide suequipment and machinery used in carajas iron ore mine brazilfficient funds to Ivanhoe to continue the development of the Oyu Tolgoi copper and gold complex as currently scheduled.

The Series A warrants entitle Rio Tinto to acquire 46,026,522 shares at a subscription price of US$8.54 per share, for total consideration of approximately US$393 million.

Andrew Harding, chief executive, Copper, Rio Tinto said "Exercising the warrants early ensures Ivanhoe has sufficient funds to meet the current Oyu Tolgoi development schedule. Our further investment in Ivanhoe Mines underlines our confidence in the quality of the world class Oyu Tolgoi deposit and its priority in our project portfolio."

Rio Tinto and Ivanhoe are development partners for the Oyu Tolgoi project. Production is expected to commence in 2013, with a five year ramp up to full production. After the completion of the exercise of the Series A warrants, Rio Tinto will own 144.66 million shares of Ivanhoe. If Rio Tinto were to exercise all of its remaining share purchase warrants and convert its US$350 million loan into shares it would own approximately 267.8 million shares of Ivanhoe representing an interest in Ivanhoe of around 44 per cent.

Pursuant to certain existing contractual arrangements between Rio Tinto and Ivanhoe, Rio Tinto has the right at any time to exercise its remaining share purchase warrants and/or convert its convertible loan into shares of Ivanhoe. Rio Tinto also has, among other things, the right to acquire additional securities so as to maintain its proportional equity interest in Ivanhoe, and the right to acquire additional Ivanhoe securities in certain other circumstances and subject to certain limits.

Depending upon its assessment of Ivanhoe's business, prospects and financial condition, the market for Ivanhoe's securities, general economic and tax conditions, and other factors, Rio Tinto will consider availing itself of its rights to acquire additional securities of Ivanhoe.

Ruashi Mine in the DRC Resumes Full Production

On 15 Nocutter grindersvember 2010 it was announced that following record production of copper in the September 2010 quarter when Ruashi produced 8,566 tons of copper and 1,057 tons of cobalt, production in the December 2010 quarter had been affected by recurring transformer electrical faults.

Ruashi Mine immediately instituted remedial action and is pleased to report that both circuits are now operating at design capacity and the mine has returned to full production after a period of five weeks.

The circuit is made up of two transformer units and during the affected production period one transformer circuit continued to run normally while the other was taken offline. The Ruashi tank house thus operated at a throughput rate of 50 percent. Copper production for the December 2010 quarter is now estimated to be 20 percent lower than the September 2010 quarter and cobalt production 16 percent lower than the September 2010 quarter.

The failed transformer was fully repaired on site and has been mechanically upgraded to reduce the probability of further failure and enable stability of function until the arrival of two more robust transformer units. The first of these has already arrived on site while the second will be delivered to Ruashi by the end of the first quarter of 2011.

Mitigating actions and plans to counter the incoming power issues have been implemented, and although this aspect will always pose a production risk, Ruashi Mine management is confident that the probability of future major production outages has been reduced.

Gillard cancels mining tax ad campaign

Incoming Australian prime minister Julia Gillard has cancelled the taxpayer-funded advertising campaign promoting thitaly produce tons of marble granitee government's proposed resource super profits tax. Ms Gillard has asked the mining industry to cancel its advertisements as a show of "mutual respect".

The overture has delivered immediate results, with mining giant BHP Billiton announcing it would be suspending its campaign against the controversial tax. "In response to the new prime minister's request, we have immediately asked our agencies to suspend all advertising as a sign of good faith," the world's biggest resources company said in a statement. "We look forward to working with the government in this new way to find a solution that is in the national interest," it said. The Association of Mining and Exploration Companies confirmed it was also stopping its advertisements on the issue. The new prime minister said she was "throwing open the government's door", and in turn hoped the mining industry would open its mind.

Primero Mining profit jumps on higher production

Primegypsum screening and crushing plant 80kvaro Mining's first-quarter adjusted profit jumped nearly twelve-fold on higher production at its San Dimas gold-silver mine in Mexico, and said it expects to make a mill expansion decision in the third quarter.

Net profit was $18.6 million, or 21 cents per share, compared with a net loss of $7.9 million, or 9 cents per share, a year earlier. On an adjusted basis, earning rose to $18.8 million, or 21 cents per share, from $1.6 million, or 2 cents per share, in the year-ago period. Revenue for the company, whose only producing asset is the San Dimas mine, rose 29 percent to $44.0 million. The San Dimas mine, which the company bought from Goldcorp in 2010, produced 22,590 ounces of gold and 1.32 million ounces of silver, which was 10 percent and 7 percent higher, respectively, than the year-ago period. The company still expects to produce 100,000 gold equivalent ounces to 110,000 gold equivalent ounces on...

Lonmin boosts productivity after ditching mechanisation

The decision to revert to conventional mining methods has helped Lonmin improve productivity levels, after mechanisation failed to yield results.

Lonmin mechanised its platinum mines in 2004 under the leadership of then chief executive Bradford Mills, but in 2008 Ian Farmer, who took over howa ball mill worksfrom Mills, reversed the decision, saying the company had failed to significantly improve productivity at its mechanised mines and would revert to conventional labour-intensive mining.

Mark Munroe, Lonmin’s executive vice-president of mining, said last week that the dependence on mechanised mining had meant that it took longer for mines to reach full production: while it took six years for a standard mine to reach full production, it had taken 10 years at Lonmin.

“It (mechanised mining) set us back significantly,” he said. About R1.3 billion had been spent on the Saffy mine, which now uses conventional stoping mining methods, and it was expected that another R300 million would be spent to take it to full production.

Munroe was speaking last week during a sponsored media visit to the Saffy mine in North West. Lonmin had dealt with geological instability underground by introducing an improved support system.

Saffy employs more than 3 000 people and has had no fatalities since opening 12 years ago.

Lonmin, the third-largest platinum producer, offered the Association of Mineworkers and Construction Union (Amcu) limited organising rights this year. “Amcu membership is predominantly at Karee mine where it has an office. There is a slight representation on other mines,” Munroe said.

This limited right was offered after Amcu members boycotted overtime at Karee. The National Union of Mineworkers (NUM) lost members at Karee after a branch leadership dispute led to an illegal strike in which 9 000 employees were dismissed last year. About 8 000 were rehired.

Lonmin has successfully managed labour unrest, unlike Impala Platinum, which lost R2bn in production following a six-week-long strike that was triggered by rivalry between NUM and Amcu.

The challenges in the platinum sector had forced Lonmin to review its business and it would inform the market of any changes in the next few months, Tanya Chikanza, the investor relations officer, said last week.

The drop in platinum group metals prices, rising costs of producing platinum, the euro crisis and labour unrest have made mines uneconomic. Last month, Aquarius Platinum said it would mothball two operations. In May, Eastern Platinum said it had cut funding to its Mareesburg project and Kennedy’s Vale concentrator plant in South Africa. Lonmin fell R1.49 to close at R94 on Friday.

Cockatoo loses major investor

Cockatoo Coal will need to raise fresh equity by the end of the year tmanganese ore concentration refining planto develop its mining projects after the South Korean shareholder SK Networks surprised the market by withdrawing from a planned $313 million placement.

The placement would have lifted SK's stake in Cockatoo from 5.5 per cent to 40 per cent but, at 53.5¢ a share, was priced at a steep premium to the market. Cockatoo shares dropped 2.5¢, or 7.25 per cent, to 34¢ yesterday, compounding heavy falls since mid-February. Cockatoo is expanding its producing Baralaba mine in the Bowen Basin, and has other Surat Basin development projects to fund, including Woori. Cockatoo sold 49 per cent of Woori to a subsidiary of Japan's Mitsui Coal last month for $37.3 million. Asian utilities and steel mills own 32 per cent of Cockatoo. The Wilson HTM analyst Andrew Pedler said these shareholders were ''genuinely committed'' to Cockatoo and...

A-Cap Raises $9.6m to Fund Completion of the BFS at Lethlakane Uranium Project

A-Cap Resources Limited (ACB) is pleased to announce that the Company has completed a private institutional placement of 22,860,000 shares at 42 cents each to raise approximgrinding calcium carbonate 2 micronately $9,601,200.

The placement was made to Asian and UK based institutions following recent marketing activities including the BGF Equities Emerging Resources Conference in Hong Kong. The Company’s largest shareholder, China Growth Minerals Limited, will increase its shareholding in the Company to approximately 16.6% through the placement.

BGF Equities Pty Ltd (BGF) acted as Lead Manager of the capital raising and the placement was made pursuant to Section 708 of the Corporations Act and in accordance with Listing Rule 7.1 of the ASX Listing Rules.

Funds raised by the placement will be used primarily to advance exploration activities and to fund the completion of a Bankable Feasibility Study at the Company’s Lethlakane Uranium Project in Botswana.

The placement does not require shareholder approval.

Share Purchase Plan

The Company also announces a Share Purchase Plan (“SPP”) to be offered to all ACB shareholders. Shares will be offered to ACB shareholders at an issue price of 42 cents each, which represents a 2.5% discount to the closing price for ACB shares on the ASX prior to the trading halt on 22 November 2010.

Forget nationalization, state mining is the way - NUM

Union president says nationalization call by “tenderpreneurs” is a clear attempt to get the state to bail out struggling businesskendal coal mine south africaes. The National Union of Mineworkers president, Senzeni Zokwana there’s no need for a national debate as the state already owns the minerals.

Speaking at a media conference in Johannesburg, Zokwana also said a debate free of insults was needed to decide how a state mining company would operate and what the role of private companies would be. “We are calling for the activation of the state mining company... we cannot have a situation like we did with Eskom where we ran out of coal because global prices were too high,” he said. “We believe the Freedom Charter calls for the nationalization of mineral rights below the soil, there’s no mention of mining there,” he said. “We have not been shown a country where the government is the sole runner of the process. We have observed Namibia and Botswana where the state is in the partnership with other mining companies.” “What worries us more is the way nationalization is being brought - and people seem to be rushing for agreement and use threats to leaders who do not support this, it does not auger well for debate.” “You’ve got people who are young who should be looking at...

Iron Ore-Prices at 8-month top; cyclone threatens Pilbara

Spot iron ore prices were on course to hit fresh eight-month highs on Thursday, powered by sustained Chinese buying and supply concerns as a tropical cyclone threjaw crusher pex 250 x 1200 priceatens to interrupt production and shipments in top exporter Australia.

Adding to supply worries are heavy rains in Brazil and limited shipments from India, the next two biggest exporters of iron ore, which coupled with firm Chinese demand could push prices to $200 a tonne, a level not seen since 2008, traders and analysts said.

Tropical cyclone Vince is headed towards Australia's northwest coast, home to Port Hedland, the region's largest iron ore export port, the weather bureau said on Wednesday. There is a "potential for the cyclone to disrupt Australian iron ore shipments early next week and possibly hinder mining," dry bulk consultancy Commodore Research said in a note.

"Australian iron ore exports could come under moderate near-term pressure. If the disruption is very severe, there is a chance that iron ore importers would eventually need to source more iron ore from Brazil, India and other exporters," it said...

MMEX Mining Announces Acquisition of 50% Interest in Coal Mine

MMEX Mining is pleased to announce that the Companmaquina trituradora para piedras peqeniasy successfully completed the acquisition of its 50% interest in its first metallurgical coal mine project in Colombia through the execution of its exclusive option agreement.

The Hunza Mine is in the Boyaca Province of east-central Colombia, approximately 200 km. northeast of the city of Bogota. The property is accessible by road and consists of three coal titles, comprising a tenure parcel of 567.8 hectares. Active artisanal underground mining is currently conducted on one of the titles. Norwest Corporation, the U.S. based coal consultancy, has evaluated the potential coal tonnage of the three mining titles and concluded in a technical report issued on April 2011 that the concessions have a reasonable in-place coal tonnage of high quality, medium volatility metallurgical coal. The concessions are permitted to produce up to...

Bauxite Resources receives EPA level of assessment for North Bindoon Project

Australian resources company Bauxite Resources has received notice from the kaolin grinding machine marketpage9EPA advising that its proposed 2Mtpa mining operation on privately owned farmland north of Bindoon, Western Australia, will require assessment via a Public Environmental Review.

As advised previously BRL, in referring to the EPA for assessment its proposed mining operation, confirmed that it was committed to a public scoping exercise to ensure that the community and relevant agencies are engaged in the process (refer ASX announcement dated 18 August 2010).

Bauxite Resources Limited Chairman and acting CEO, Mr Barry Carbon, said, “the EPA’s determination of the level of assessment is in line with our expectations and gives the Company great certainty in the development of our long-term mining plans”.

“As part of the referral BRL recommended to the EPA that environmental assessment be through a public process, including public discussion of the scope of the assessment, and we now look forward to working closely with the local community to ensure we develop our project in consultation with the community,” he added.

The bauxitic ore to be extracted under this proposal will either be sold for export as direct shipping ore or sold locally as other products (gravel). Following crushing and screening, export-quality ore will be trucked along state highways and major transport routes to the Kwinana port for export. Non export-quality material (gravel) will be available to local and regional commercial operations.

BRL earlier this year completed its trial shipments from Stephens Road, North Bindoon, consisting of 128,000 tonnes, and the trial area has now been rehabilitated and reseeded with pasture species as per the landholder’s requirements.

A number of public tours consisting of local landowners and other interested parties were conducted by the Company in August 2010 to demonstrate the minimum impact nature of its bauxite mining operations on farmland. The Company shared its vision for development with the local Bindoon community at a public meeting “Conversations with the Community” on 20 July 2010.

Blackham Resources' drilling success delivers confidence and gold ounce upgrade at Matilda

Blackham Resources has turned the recent drilling success at the Matilda Gold Project into an increased goljual beli mesin crusher batu bekasd resource, and importantly have added to the confidence categories.

Matilda now hosts 790,000 gold ounces, which is comprised from 12.8 million tonnes at 1.9 grams per tonne gold.

Adding some investor interest to the project is that the Regent deposit (part of Matilda) now has a resource of 3.8 million tonnes at 2.2g/t gold for 270,000 ounces, which includes the higher confidence Indicated component of 738,000 tonnes at 2.5g/t gold.

Blackham’s exploration work is targeting previously defined deposits which are most likely to be converted to reserves in the near term.

Bryan Dixon, managing director, spoke to Proactive Investors today and said that whilst the Regent mining study has not been finalised, "it is clear that since the last mining study was done at Regents in June 2006 the increase in the Australian gold price has outstripped increases in expected mining costs which we believe will have a significantly positive effect on Regent economics.

Resource definition at Regent
The Indicated portion of the resource was defined from reverse circulation and diamond holes around 20 metres by 25 metres or closer, where Blackham said that the continuity of mineralisation was good.

This was confined to the upper portions of the main vertical lode. The Inferred Resource included the areas of the resource where sampling was greater than 20 metres by 25 metres, or mineralisation was defined by limited drilling.

Blackham's mining lease for Regents progressing
The Regent deposit is strategically located less than 10 kilometres south by existing roads from the Wiluna Gold Plant, where Blackham recently applied for a mining lease over the deposit.

Dixon added, "The Regents mining lease was applied for just over a month ago we are still working towards an expected grant date.

"With this deposit located just 9 kilometres by existing roads from the Wiluna Gold Plant, Blackham is keen to fast track the grant of the mining lease as quickly as possible."

Regent blue sky potential identified in 2006
It is also worth noting that previous owners of the Regent deposit looked at the economics of mining the deposit by open pit methods, and it was last assessed in June 2006 and it was concluded it was likely to be economic above a gold price of A$700 per ounce.

This has the potential to deliver a very big upside for the company if mined, considering if the current gold spot price of around A$1600 is maintained as an average into the medium term.

Blackham plans to re-assess the economics of an open pit under current gold price and cost parameters, with management also of the opinion there is potential for exploiting the down plunge extension of the resource by underground mining methods.

Kim Truter new MD for Argyle mine

Rio Tinto has appointed Kim Truter as managing director of the company's Argyle mine in Australia, the world's largest producer of coloured diamonds and the measurement for el jay mobile cone crusheronly consistent producer of rare pink diamonds.

Mr Truter has held a number of senior roles at the Anglo-Australian mining company, including most recently as president and chief operating officer of the Diavik diamond mine in Canada.

The appointment comes as Rio considers the possible sale of its diamonds operations, which also include the Murowa mine in Zimbabwe and advanced Bunder mining project in India. Rio produces roughly 20 per cent of the world's rough diamonds by volume, according to the company's website.

"The Argyle diamond mine is an iconic Australian operation and it plays an important role in Rio Tinto's global diamonds business," Mr Truter said in a statement.

The mine is located 2500 kilometers from Perth in Western Australia. Production began in 1985 and the company said it has since produced almost 800 million carats.

The Argyle operation is currently switching to an underground mining operation below the existing open pit, which Rio has said will extend its mine life to at least 2019.

Rio in March said it was reviewing its options for its diamonds business despite a positive outlook for diamonds, with demand growing and supply limited by a lack of new discoveries.

Central Rand appeals to restore licence

Central Rand Gold , which had its mininflow process chart barite grinding plantg licence revoked by the Department of Mineral Resources, hopes an appeal against the decision will be heard in the Pretoria High Court this month.

The department revoked Central Rand’s licence on September 26, citing breaches of agreements made on social, labour and environmental plans ahead of the awarding of the permit. It meant all work had to be immediately halted. Yesterday, Central Rand outlined plans it had developed to mine gold at old mining tenements immediately south of central Johannesburg. "In light of the Department of Mineral Resources’ cancellation of the company’s mining right, the implementation of the plan can only be considered once it has successfully appealed the minister’s decision," CEO Johan du Toit said. "The company, dependent on court availability, hopes its...

China steel output up on production restart - CISA

China's crude steel production recovered quickly in late September as some mills in northern Hebei province resumed output, industry data showed on Thmobile crusher for crushing phosphate oreursday. China Iron & Steel Association data showed daily crude steel output was 1.678 million tonnes in the last 10 days of September, 8.5 percent higher than the middle 10 days of the month.

This rebound came just after steel output fell nine percent in mid-September from early September, which was caused by production cuts in the country's steel heartland after the government ordered shutdowns to meet the energy savings target. Market sources said a few steel mills had already resumed output in late September, although other provinces including Henan and Shandong have recently ordered local mills to halve output in the fourth quarter. CISA said daily crude steel output was 1.618 million tonnes for the whole of September. This compared with a Reuters calculation of 1.64 million tonnes for the whole month based on previous data, suggesting CISA had revised some numbers.