| BAUXITE |
| Queensland seeks developers for Aurukun bauxite resource |
| The Queensland government on Monday announced that it was looking for parties interested in developing the Aurukun bauxite resource in far north of the state. Premier Campbell Newman said in a statement that over the coming months, the state government would seek fresh expressions of interest, and by April next year, it would shortlist bidders to participate in the process for the right to develop the resource. Full Article |
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| IRON-ORE |
| Northern Iron suspends exploration, cuts jobs |
| Takeover target Northern Iron has initiated a number of cost-saving measures, including suspending its exploration programme and laying off some staff. The ASX-listed miner, which owns the Sydvaranger project, in Norway, explained that the cost-cutting measures were needed as the margin between the C1 operating cost and the expected third-quarter sales price reduced, while there was uncertainty around the iron-ore price. Full Article |
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| COAL |
| Australia's NuCoal signs up Japan partner for coal project |
| Japan's Mitsui Matsushima Co Ltd has agreed to help fund a coal project being developed by NuCoal Resources Ltd in Australia, effectively valuing the project at A$360-million ($381-million), the Australian firm said on Monday. The deal comes only a week after a Singapore-based firm offered to buy out an Australian resources fund, illustrating that some Asian companies are trying to take advantage of a downturn in Australian mining as sliding commodities prices and soaring costs have dented project valuations and share prices. Full Article |
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| CORPORATE ACTIVITY |
| Indian consortium for overseas mineral acquisition to be restructured |
| International Coal Ventures Limited (ICVL), a special purpose vehicle consisting of Indian mining and metal companies floated for overseas mineral asset acquisitions, would be restructured to align its objectives with its promoters and to allow for faster decision-making. The basic objective of ICVL needed to be redefined since the venture's original mandate of acquiring coking coal assets was not a priority to some of its equity stakeholders, such as Coal India Limited (CIL) and power producer NTPC Limited, whose interests were thermal coal, an official in the Mines Ministry said. Full Article |
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| GOLD |
| Doray secures funding for Andy Well |
| ASX-listed junior Doray Minerals on Monday announced that it had finalised project debt for its Andy Well gold project, in Western Australia, making its first drawdown. The project finance debt package, secured from the Commonwealth Bank of Australia, totalled A$55-million and provided full funding for the capital expenditure requirements to develop the Andy Well project. Full Article |
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| MINING SERVICES |
| Forge wins another Rio contract |
| Mining giant Rio Tinto has continued its capital expenditure on its iron-ore mines in the Pilbara, awarding a A$70-million engineering, procurement and construction contract to ASX-listed Forge Group for fuel infrastructure at both the West Angelas and Brockman iron-ore mines. The contract was expected to run over a period of 12 months. Full Article |
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| GOLD |
| Apex increases production expectation at Wiluna |
| ASX-listed Apex Minerals on Monday told shareholders that gold production at its Wiluna operations was expected to increase in the September quarter to between 12 000 oz and 13 000 oz, as operational performance continued to improve. This production guidance compared to the 9 139 oz produced during the June quarter. Full Article |
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| COPPER |
| Kitumba scoping delivers positive results for Blackthorn |
| A scoping study has found that ASX-listed Blackthorn Resources' Kitumba copper project, in Zambia, could produce between 55 000 t/y and 75 000 t/y of copper. The scoping study evaluated a truck-and-shovel openpit mine. The study was based on a resource estimate of 439-million tons of ore, at 0.25% copper, comprising 164-million tons of indicated mineral resource and 275-million tons of inferred resource. Full Article |
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| SILVER |
| Cobar raises cash to fund development options |
| Silver miner Cobar Consolidated Resources would undertake a number of financing initiatives to bolster its working capital and bring forward a number of its development options. The miner on Monday reported that it had completed a A$12.5-million placement, placing some 20.8-million shares, at 60c a share to institutional and sophisticated investors. Full Article |
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| ILLEGAL PROTESTS |
| Government acts on SA mine violence |
| Put down your weapons and stop committing violence, or face the full might of the law, Justice Minister Jeff Radebe warned striking miners on Friday. In an announcement made in Pretoria, following a meeting of security cluster ministers and other Cabinet members, he said government would no longer tolerate the violence, threats and intimidation taking place in the mining sector. Full Article |
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| NEW REPORT AVAILABLE |
| Victoria bans CSG exploration, green light for A$6.4bn coal project and BHP delays big expansions in the Australian Roundup |
 | The inaugural Australasian Mining Roundup includes details of Australia's federal government approval of the development of the A$6.4-billion Alpha coal project, in Queensland; the Victoria region's ban on coal seam gas exploration and the delay of BHP Billiton's Olympic Dam and Peak Downs expansion projects. Full Article |
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