In contrast to the relatively straightforward responses reported earlier today, First Quantum Minerals has received a letter from the Minister of Mines advising of the results of the Congolese Government’s Mining Contracts Review Commission revisitation of the Kingamyambo Musonoi Tailings Sarl (KMT) Mining Convention. KMT is owned by First Quantum 65%, Gecamines 12.5%, Industrial Development […]

There has been much news recently of major iron ore discoveries in Western Australia’s Pilbara - particularly from Rio Tinto (highlighted in March IM) and Fortescue Metals Group (FMG - to be an Operations Focus in IM April). Now Flinders Diamonds reports that “the recent hike in global iron ore prices - combined with its WA […]

The Prospectors and Developers Association of Canada (PDAC) has selected Osisko Exploration to receive the 2007 Bill Dennis Prospector of the Year Award. This award, which honours the memory of a PDAC past president, is presented annually at the association’s annual convention to a person or team who has/have made an important contribution to the prospecting […]

Many major exploration and mining projects have just had communication from the DRC’s Minister of Mines, following the announcement by the Government on February 18 that it has completed its review of the country’s mining licenses. Herein we note the requirements put to and responses of Anvil, Banro, Lundin Mining and Moto Goldmines. In most […]

Following the recent power outages that were so devastating for South Africa’s mining industry and recent announcements by the Government of a National Recovery Plan to tackle the energy emergency, Eskom announced measures being taken to address the situation. Jacob Maroga, Eskom’s Chief Executive, said: “The unavoidable load shedding of January left South Africans with […]

Northland Resources reports that a number of Japanese steel mills -Nisshin, Sumitomo, Kobe and JFE- have negotiated a 65% increase with Vale (formerly known as CVRD) in the benchmark contract price for iron ore fines. The new price for Itabira fines is almost $1.19/dry metric tonne unit, while Carajas fines are subject to a premium […]