Miners sue over lung disease

South African gold miners suffering from a lung disease are suing the local subsidiary of Anglo gold processing wash plantsAmerican in London, potentially for hundreds of millions of pounds, lawyers said on Wednesday.

A group of 450 mainly black ex-miners for the South African subsidiary of the London-listed firm claim to have contracted silicosis, during years of toiling underground. The case was filed at a London High Court. “The miners allege they are suffering from silicosis and silico-tuberculosis from exposure to dangerous levels of dust on the company's South African gold mines,” London-based law firm Leigh Day & Company said in a statement. Cases of the disease - caused by inhaling tiny dust particles that are a by-product of mining - date back for decades, involving claims of...

Kaboko Mining secures long-term debt facility

Zambia-based Kaboko Mining has secured a 10-yearrock crusher distributors in denver colorado manganese ore off-take agreement and US$10 million 30-month secured prepayment debt facility with Noble Resources.

The company said this is a major milestone in advancing its Zambian manganese projects.

Kaboko’s executive director, Jason Brewer, said: “The signing of the off-take agreement and execution of loan documentation for the US$10 million prepayment facility with Noble represents a further milestone for the company in its plans to become an established and profitable high-grade manganese ore mining and exploration company.

“Attracting such an established and strategic industry group as Noble to both invest in our business and to enter into a long term off-take agreement is a major step forward for the company and our shareholders, and is also testament to the quality and potential of our Zambian manganese projects. We are very pleased that we have been able to attract such a successful group as Noble to invest in the growth of our company at such an early stage and we look forward to working with them.”

The transaction is considered by the board to be a major step forward for Noble Resources. The proceeds of the US$10 million prepayment facility will be used to complete further exploration and to advance its Zambian manganese projects towards full-scale commercial production of a high-grade and high-quality export manganese ore product.

The facility is to be advanced in two tranches upon satisfaction of a number of conditions precedent and subsequent to an initial advance of US$0.5 million already received by the company, which is subject to a number of conditions including shareholder approval and ASX waivers in respect to the transaction.

A second advance of US$5.5 million is forecast by the company to be drawn down later this quarter, upon satisfaction of a number of conditions precedent and final sign off by Noble. These conditions include, among others, execution of documentation in respect to the transportation and export of manganese ore from the company’s projects and an advance of US$4.0 million upon delivery by the company of 105 000 t of manganese ore under the 10-year manganese ore off-take agreement.

Under the terms of the off-take agreement, the company will deliver to Noble approximately 180 000 DMT per year of a minimum 48% manganese lump ore from the company’s Zambian manganese projects. These deliveries will take place on a quarterly basis over an initial 10-year term. The total amount of manganese ore to be delivered under the agreement will be no less than 1.68 million DMT of manganese ore from the Zambian manganese projects.

The company anticipates the first exports under the off-take agreement to commence in the fourth quarter of 2012 with CIF deliveries to ports in India, China and the Middle East, or other ports as agreed by the parties.

Production from the Emmanuel, Peco and Kanona projects is proposed to be the primary source of high-grade manganese ore product to be delivered into the agreement with Noble. Exploration and resource definition drilling, as well as further mine optimisation studies are currently underway at these projects.

Ivanhoe Australia has first shipment of concentrate from the Osborne Project

Ivanhoe Austmaquinaria de trituracion de hierroralia, is pleased to announce the first shipment of copper-gold concentrate from the Osborne Copper-Gold Project in north-western Queensland. The 10,600 wet metric tonne shipment of concentrate has been loaded and is expected to leave Townsville on 15 June 2012.

The shipment of concentrate to an Asian smelter contains copper valued at approximately A$15 million and gold valued at approximately A$5 million.

The first shipment follows the pouring of the first bar of gold dore at Osborne. This gold dore bar weighs approximately 9 kilograms.

Ivanhoe Australia CEO Ines Scotland said the commencement of cashflow from Osborne is an important development for the company.

"The sale of our first copper, gold and silver concentrate from Osborne is great news. It's a clean concentrate with no penalty elements and we are achieving better than a 95% copper recovery through the mill." We are planning another three similar shipments this year followed by full production next year.

Guinean Election Result May Lead to a Review of Mining Deals, Eurasia Says

The election of a new president in Ggold ore grinding milluinea, the world’s biggest bauxite exporter, may lead to reviews of multibillion-dollar deals with companies including Rio Tinto Group and United Co. Rusal Plc, Eurasia Group said.

Twenty-four candidates competed in the first round of elections on June 27, a year and a half after army Captain Moussa Dadis Camara seized power following the death of former President Lansana Conte, who ruled for two decades. Guinea hasn’t had a democratic transfer of power since it gained independence from France in 1958. The winner of the second round of voting, whether Diallo or Conde, will probably stop the practice of “arbitrary and erratic presidential decrees enacting and annulling contracts,” seek to normalize relations with mining investors, institutionalize mining laws and scrutinize existing deals, Akinola said...

Here Comes the Rain Again; Australian Mining Firms Get Anxious

Australian mining firms, eultra grinder price in indiaspecially those with operations in Queensland, are gearing for a potential massive rainfall in the coming months.

Australia's Bureau of Meteorology had earlier predicted a second consecutive year of so-called La Niña conditions to hit the country. La Niña is a climate cycle that brings heavy rain to the western Pacific, usually in a four-year cycle. Earlier, the Bureau said Australia may experience a milder La Niña, wet but significantly weaker than last year's. However, continued monitoring showed worsening conditions, as the Southern Oscillation Index, a gauge used to measure La Nina strength, was seen at its...

Kuwait Energy announces two new oil discoveries in East Ras Qattara in Egypt

Kuwait Energy Company (Kuwait Energy), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announcproduction technology for silico manganeseed two new oil discoveries in the East Ras Qattara (ERQ) concession located in Egypt's Western Desert, bringing the company's total number of discoveries in Egypt, since 2008, to 11.

Kuwait Energy holds a 49.5% participation interest share in the ERQ concession where Enap Sipetrol, a subsidiary of ENAP, a Chile-based oil and gas company, is the operator with a 50.5% participation share. The oil discoveries were made in the wells, Shebl-1 and Shebl East-1. Shebl-1 was drilled to a depth of 4,400 meters and initial tests showed a production flow of 600 barrels of oil per day (bpd). Shebl East-1 was drilled to a depth of 4,100 meters and initial tests showed a production flow of 1,500 bpd. Kuwait Energy Deputy Chairman and Chief Executive Officer, Sara Akbar, said: "Eleven discoveries in Egypt over a three year period is very pleasing and I am looking forward to the results of our other 2011 exploration wells in Abu Sennan and Area A...

MoEF panel refuses clearance to SAIL's 3 iron ore mines

A hisolid gold nonmetal after it is dissolved in alcoholgh level committee of the Environment Ministry has refused clearances for SAIL's three key iron ore mines in Jharkhand's West Singhbhum district, as the area is severely polluted and appropriate control measures are not in place.

The mines, Jhillingburu-I, Jhillingburu-II and Topailore, are located in Gua iron ore reserves and are estimated to hold 82,812.6 million tonne of deposits. Steel Minister Beni Prasad Verma said in a written reply to the Rajya Sabha that the Expert Appraisal Committee of the Environment Ministry had examined the proposals on January 24, 2012 for issuance of terms of reference for preparation of Environment Impact Assessment/Environment Management plan. However, the EAC observed that these mines are located in West Singhbum district, an area identified as severely polluted in terms of the respirable suspended particulate matter...

India court upholds order banning state iron ore exports

A ruling by India's Kstone crusher plant price indiaarnataka High Court on Friday upheld an order banning exports of iron ore from the southern state.

Southern Karnataka state banned exports of iron ore from 10 ports in July and subsequently stopped issuing transport permits for iron ore meant for exports from other ports, citing a drive against illegal mining and the need to preserve the resource for local steel makers.

Zimbabwe mining firm in maiden diamond sales: report

A diamond mining firm jointly owned by China and Zimbabwe started auctioning diamonds airon ore pellet plant pptfter a ban was lifted by the Kimberley Process, state media reported on Tuesday.

The announcement came a day after a campaign group that helped set up the global diamond watchdog pulled out of the Process over its removal of the ban. “The response from buyers was pleasant,” mines ministry secretary Prince Mupazviriwo is quoted as saying in the Herald newspaper, confirming that diamond miner Anjin is auctioning its diamond stock-piles. “The buyers were from various countries in the world.”The Kimberley Process Certification Scheme (KPCS) in November allowed Zimbabwe to sell its gems again after a ban over alleged human rights abuses. This followed a conditional allowance to sell diamonds in...

Radar Iron in pre open ahead of capital raising announcement

Radar Iron has been granted a trading halt today as it prepares to release an announcement tobuy copper ore crusher for sale the market regarding a capital raising, with the company placed in pre-open.

While no further details were released, Radar is heading towards Feasibility Studies for the Muldoon Prospect, part of the Johnston Range Iron Ore Project, with the recent delivery of a maiden JORC Resource.

The delivery of the maiden 2.1 million tonnes at 57.6% iron JORC Resource for Muldoon is the first in a series of increased resource steps Radar plans to take.

The company is targeting the definition of 5 to 10 million tonnes by the end of the year, at which point Radar will assess Feasibility Studies with a view to mining in 2014.

The halt will last until the earlier of an announcement being made available to the market, or the opening of trade on Wednesday 6 June.

Keaton Energy to supply 16.5 million tonnes of coal to Eskom

Keaton Energy Holdings Limited announced today that its 74%-held subsidiary, Keaton Mining (Pty) Limited, has concluded negotiations with South African power utility Eskom to supply 16.5 million tonnes of steam coal from Phase 2 of its new Vasmall iron ore coal mine for salenggatfontein Project, near Delmas in South Africa’s Mpumalanga Province.

The No 2 and No 4 seam coal will be mined from an open pit for a seven-year period beginning in April 2011 and will be supplied to various Eskom power stations. Production will start at 50 000 tonnes per month (tpm) and ramp up to 200 000 tpm by July 2011.

Last month, Keaton Energy announced its intention to spend some R158 million, inclusive of surface right acquisitions, on the immediate development of Phase 1 of Vanggatfontein to produce up to 30 000tpm of sought-after, high-quality No 5 seam metallurgical coal from October 2010 for the domestic market.

Keaton Energy Managing Director Paul Miller said: “The offer to supply Eskom, which remains conditional on the conclusion of a Coal Supply and Off-Take Agreement between both parties, means we can also proceed with the development of Phase 2 of Vanggatfontein at a cost of some R180 million.

“We expect to achieve our targeted sales of two million tonnes of coal a year from the Vanggatfontein Project in 2012.”

Miller said that, while Keaton Energy had sufficient funds to develop Vanggatfontein Phases 1 & 2, the company would seek to raise “some” debt finance in order to reduce the overall cost of capital of the Vanggatfontein Project and to continue with the exploration programme and feasibility studies at its second long-term project, Sterkfontein, also in Mpumalanga Province.

Vale Plans to Tap Debt Markets Next Year After Upgrade

Vale SA said it will tap debt markets ivertical roller mills animationn 2012 after Standard & Poor’s raised its credit rating last week.

The company is analyzing credit-market conditions because the European debt crisis hasn’t been “very helpful,” Chief Financial Officer Tito Martins said yesterday in an interview in New York after the company presented its 2012 investment plan. Vale’s upgrade to A- from BBB+ by S&P on Nov. 23 came at “a very good time” because the mining company has “huge” investments planned, Martins said. “We will be in the market in the next year, I don’t have any doubt about that,” Martins said, adding that the company hasn’t yet decided on the size and timing of any potential issuance. “We have consistently accessed the...

Northern Iron's Karas property Intersects of 474 metres of magnetite mineralization

Northern Iron today released assay results for drill holes KA-11-26 and 27 on the Karas property. The drill holes continue testiartificial sand comparison with natural sandng the true thickness of the magnetite mineralization in line with the previously released holes, testing the central and eastern part, and down dip extension and plunge of the magnetite mineralized zone. The magnetite mineralized zone remains open at depth.

Mr. Basil Botha, President & CEO stated, "These are excellent results and the Karas property continues to demonstrate continuity. After releasing the initial Davis Tube test results on 22nd of February, management believes that together with the past producing Griffith mine property we should be able to demonstrate, following the resource calculation by Roscoe Postle and Associates, two sizable properties. The tightly folded banded iron formation on the Karas property demonstrates a continuous formation from surface to depth with a magnetic signature of 800 metres by 500 metres at surface." Hole KA-11-26 is the longest and deepest hole drilled on the Karas property (738.11m), drilled at 55 degrees and ending 550m below surface. The hole tests the down dip extension and...

S.Africa court backs villagers against mining firm

A South African court has overtuapplication of jaw crusher in industryrned mining prospecting rights granted in platinum-rich Limpopo province, the latest licence dispute to hit the industry in the world's top producer of the precious metal. In a ruling on Monday, the Constitutional Court overturned exploration rights on two farms held by Genorah Resources, a majority shareholder in Australia-listed junior platinum miner Nkwe Platinum.

The country's top court determined that Genorah had failed to consult people who owned the land where it wanted to prospect, a decision that may spur other communities to mount legal challenges against the industry. According to South African mining laws, local communities have first claim to start prospecting for minerals on land registered in their name, provided they can prove they have the required money and expertise. In the Genorah case, the community is backed by an unknown financier who is also providing technical expertise for a subsequent community-led application for platinum exploration rights...

Motjoli Seeks $1.5 Billion to Develop Its Iron Ore Project in South Africa

Motjoli Resources, a South African miner, plans to raise as much as $1.5 billion to fund the concrushing for sand productionstruction of an iron ore mine that may produce as much as 20 million metric tons of the steelmaking ingredient a year.

Motjoli will apply to the Industrial Development Corp. and the Development Bank of South Africa, among others, to fund a project that may start operating as soon as the final quarter of 2011, Executive Chairman Nchakha Moloi said in an interview in Moscow yesterday. The company may also look to steelmakers and mining companies for funding, he said. “We’ll look for outside funding, which could include funding from South African development institutions, corporate banks and also other investors with deeper pockets,” Moloi said. “As we expand, we’ll bring in more investors.” Motjoli’s ore project, at Piet Retief in South Africa’s Mpumalanga province, has 1.2 billion tons of proven reserves, said Moloi, a former deputy director general of the Department of Mineral Resources.

Barkerville Gold Mines Receives Permit to Develop British Columbia's Newest Open Pit Gold Mine

Barkerville Gold Mines has received a permit under the Mines Act of British Columbia to develop the Provincwet sand quarry extract plante's newest open pit gold mine at its Bonanza Ledge property near Wells. This followed a 15 month review process by various provincial and federal government agencies.

Approximately 73,000 tonnes of ore per year will be produced at the Bonanza Ledge Mine, for a current mine life of four years, with an average grade of approximately 9.05 grams per metric tonne. The mine design is the culmination of geological exploration, engineering and environmental studies undertaken by the Company in the Barkerville camp since the Bonanza Ledge deposit was discovered in 2000. This work included the extraction of a 10,000 tonne underground bulk sample at Bonanza Ledge in 2004 containing approximately..

Continental Coal Completes First Tranche of A$30 Million Equity Raising

Emerging mid-ticomplete micronized calcium carbonate planter Southern African focussed coal producer Continental Coal is pleased to announce that further to its announcement of 19 October 2010 it has completed the first tranche of the A$30 million equity raising with the allotment today of shares to institutional investors in Europe and South East Asia and investors in Australia.

The funds will immediately be used by the Company towards settlement by its South African subsidiary Continental Coal Limited (CCL), of the acquisition of unlisted South African thermal coal mining and export coal producing company Mashala Resources and the development of the Company’s third coal mine, the Penumbra Underground Project.

Anglo American has a heart

Five KwaZulu-Natextraction process of chromiteal children with heart problems, who received lifesaving heart surgery at the Netcare Sunninghill Hospital in July, will be reunited on Thursday to celebrate the success of their operations.

The operations, which happened thanks to a R1 million donation by the Anglo American Chairman's Fund to the Walter Sisulu Paediatric Cardiac Foundation (WSPCF), have given the children a second chance at life.

Three two-year olds, Deesha Roopnarayan from Stanger, Asimbonge Mthethwa from Vryheid and Minenhle Mlambo from Harding and two six-year olds Asande Cele from Pietermaritzburg and Philisiwe Ndwandwe from Zululand will be reunited at the Inkosi Albert Luthuli Central Hospital, the only public sector hospital that handles cardiothoracic surgery for adults and children.

The hospital services the needs of the whole province, as well as providing care for Eastern Cape patients from as far away as Umtata, it also focuses on children who have complicated illnesses or conditions that require surgery.

Its state of the art facilities and dedicated professional and academic staff make the hospital one of the country's leading academic hospitals.

Arafura cancels $74m rights issue

Arafura Resources todhengshui decheng machinery equipment co ltday cancelled a $74 million rights issue after its share price fell below the offer price amid continuing volatility in global markets.

Arafura said it would instead hire a corporate adviser to help identify other ways to raise money needed to complete a bankable feasibility study on its Nolans project in Australia's north. Perth-based Arafura said it has $45m for its immediate needs. The company had planned to offer one new share for every three currently held at a price of 60 cents each, with the offer closing yesterday. Its shares have traded below the offer price for much of the month and closed today at 46.5c, down 3.1 per cent on the day. "At a special board meeting held today, the directors determined it would be unreasonable to those shareholders who...

Japan plans to mine rare earth metals in Vietnam

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Japan plans to mine in Vietnam for rare earth metals used in high-tech manufacturing in a bid to reduce its dependence on China, which virtually monopolizes the global supply of the strategic materials, officials said Friday. Japanese Prime Minister Naoto Kan and Vietnamese Prime Minister Nguyen Tan Dung are expected to agree on the proposed deal in Hanoi later this month, a trade ministry official said.

Japanese Trade Minister Akihiro Ohata said Vietnam has a promising potential for rare earths production, and Tokyo wants to jointly work with Hanoi on the exotic metals. China produces some 97 percent of the world's supply of rare earths. Trade Ministry official Hideyuki Wakutsu said Japan and Vietnam will set up a joint venture to mine rare earths in the Southeast Asian country. He gave no further details. China has blocked rare earths shipments to Japan since Sept. 21 in possible retaliation for Tokyo's arrest of a Chinese fishing boat captain near disputed islands...