Moly Mines Ltd draw down CDB loan from US$454 million to US$244 million

Under a new agreement, Moly Mines Ltd will draw down its CDB loan from US$454 million to US$244 million, with the remaining provision to be used in the financing of new projects. The company said that the changes do not mean that Hanlong has fulfilled its funding commitments.

Chief executive officer and managing director of Moly Mines Ltd, Dr Derek Fisher, said “While it is disappointing that the economics do not allow us to proceed with the Spinifex Ridge molybdenum/copper mine at this stage, the strategic alliance further cements the excellent rapport we have built with the CDB, and supports a platform for future growth of the company.”

Diamond Mining Village

Diamond mining village in Sierra Leon are in many locations and one of them is the village kono.The Kono area of Sierra Leone is renowned for the quality of diamonds produced. The 970-carat Star of Sierra Leone was recovered from this area and regular discoveries of 100-carat plus diamonds are made. It is estimated that total diamond production from the Kono area is in excess of 9 million carats.

Silver Lake Resources

Silver Lake Resources will get profit a A$5.2 million funding injection to pursue its exploration and growth objectives following the off market sale of 17.4 million unlisted options by the company’s directors.The options will be converted at their exercise price of $0.30 each.Following the completion of the option sale and conversion, the issued capital of Silver Lake will comprise 223.7 million shares and no options.The directors and their related entities will retain 11.4% of the shares on issue.

Top Mining Companies

Top Mining Companies in the World is Largest and we're know if many mining companies are experiencing impressive growth.Do you know In 2010, many top mining companies increased assets to $943 billion and are expected to break the $1 trillion mark in 2011.Below is the Big Top Mining Companies in the World (Full recomended) :

    *Agnico-Eagle Mines Limited, Canada
    *Anglo American PLC, UK
    *AngloGold Ashanti Limited, South Africa
    *Antofagasta PLC, UK
    *Barrick Gold Corporation, Canada
    *BHP Billiton Limited, Australia
    *Cameco Corporation, Canada
    *China Coal Energy Company Limited, Hong Kong
    *China Shenhua Energy Company Limited, Hong Kong
    *Coal India Limited, India
    *Compania de Minas Buenaventura SA, Peru
    *Consol Energy Inc., US
    *Eurasian Natural Resources Corporation, UK
    *Fortescue Metals Group Limited, Australia
    *Freeport-McMoRan Copper & Gold Inc., United States
    *Goldcorp Inc., Canada
    *Gold Fields Limited, South Africa
    *Grupo Mexico S.A. de CV, Mexico
    *Impala Platinum Holdings Limited, South Africa
    *Industrias Penoles S.A.B De CV, Mexico
    *Ivanhoe Mines Limited, Canada
    *Jiangxi Copper Company Limited, Hong Kong
    *Kazakhmys Plc., UK
    *KGHM Polska Miedz SA, Poland
    *Kinross Gold Corporation, Canada
    *MMC Norilsk Nickel, Russia
    *National Mineral Development Corporation Limited, India
    *Newcrest Mining Limited, Australia
    *Newmont Mining Corporation, United States
   

Top Companies in the Precious Metals & Minerals Industry

Top Companies in the Precious Metals & Minerals Industry. Thera are 5 Top companies in the Precious Metals & Minerals industry with the lowest Revenue Per Employee (RPE)s. Analysts use RPE as a measure to compare the productivity of companies in the same industry.
 

1.Paramount Gold and Silver ranks lowest with a an RPE of $5,000. 

2.Pan American Silver with a an RPE of $115,000. 

3.Endeavour Silver ranks third lowest with a an RPE of $183,000.
4.Stillwater Mining follows with a an RPE of $584,000

5.Coeur d'Alene Mines rounds out the bottom five with a an RPE of $668,000.

SmarTrend recommended that subscribers consider buying shares of Coeur d'Alene Mines on October 12th, 2011 as our technology indicated a new Uptrend was in progress when shares hit $23.34. Since that recommendation, shares of Coeur d'Alene Mines have risen 23.7%. We continue to monitor Coeur d'Alene Mines for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Mining giant group BHP Billiton Reviewing its Diamond Business

Mining giant group BHP Billiton declared today that it is reviewing its diamond business. The company has interest in the EKATI Diamond Mine and Chidliak exploration project in Canada which, while promising exploration opportunities, may not be consistent with the company’s strategy of investing in expandable assets. The review of BHP’s diamonds portfolio is expected to be completed by January 2012.

Copper Issue 2011-2012

Copper Issue 2011-2012, ICSG predicts that global smooth copper production would increase by 380,000 tons this year from 2010 when the deficit was 250,000 tons. The rising production is driven by the high price of copper and growing demand from end-users. It is also driven by the demand from industry, which continues to grow in 2011.

At the event attended by copper producers and users, the production of copper is expected to grow six percent in 2011, compared to 4.3% in 2010.

However, the forum is also realistic so that the target of the production is revised again in view of global uncertainties. ICSG observes factors so that the target needs revision. Among them are earthquake and Tsunami in Japan, political uncertainties in the Middle East and Africa, changes in financial policies and uncertain copper market dominated by China.

The International Copper Study Group predicts that copper increase

The International Copper Study Group (ICSG) predicts that copper production would increase slightly in 2011. Disaster in Japan, financial policy and political disturbance causes copper production to not increase significantly. In addition, the price remains flat, not down or up significantly. From September 2011 to January 2012, the price of copper at London Metal Exchange (LME) ranges from US$8,813.75 to 8,837.00 per ton.

In a report July 2011, ICSG disclosed that the market of smooth copper up to April 2011, reflected a production deficit up to 36,000 metric ton even though the smooth and ready-to-use copper, based on seasonal calculation, showed a surplus of 46,000 metric tons.

In the first four months of 2011, according to data presented by ICSG, copper consumption grew by 1.2% from the same period last year when the consumption decreased by seven percent because consumption in the world’s largest copper consumer, China, decreased by 40%.

Gold Ore Production Freeport Papua Indonesia Remaining 5 Percent

Gold Ore Production Freeport Papua Indonesia Remaining 5 Percent.From the average gold ore production of 230 thousand tons per day, current production is only achieved five percent or about 11,500 tons per day. As a result of reduced production of these countries also participate losers.

PT Newmont Nusa Tenggara Indonesia

PT Newmont Nusa Tenggara Indonesia reportedly denying the re-negotiation, just agreed part of the clauses recommended by the government. Some 18 other companies shared of the same stance as Newmont. Among them are leading names, such as PT International Nickel Indonesia Tbk (INCO) and PT Nusa Halmahera Minerals, besides the company just rescued by Presidential Regulation regarding Underground Mining, PT Dairi Prima Mineral, while the companies agreeing the whole clauses are only eleven.

Gold rush discovery

Gold rush discovery - Gold Rush Alaska - Gold rush discovery follows 6 men who risk everything to strike it rich mining for gold in the wilds of Alaska Mining.See the full movie of how Todd, Jack and the other miners dreamed, planned and prepared for another season of gold mining in the far north. 

Gold rush in West African

Gold rush in West African cause growth for Geodrill.State current gold rush in West Africa is spurring growing demand for drilling services in the region, said Geodrill Ltd's Chief Executive David Harper on Friday.The small drilling services company, which listed in Canada barely a year ago, is in the process of dramatically expanding the size of its drill fleet to keep pace with the demand in the region.

Gold mining heavyweights like Newmont , Kinross and Iamgold all own major mines in the region and have invested billions of dollars to boost production in countries like Ghana, Mali and Mauritania.

List Platinum Mines South Africa

List platinum mines south africa or Platinum Group Metal Mining Companies south africa that operation which operates by producing platinum in very large quantities in South Africa are as follows : 

ANGLO AMERICAN PLATINUM CORPORATION LIMITED
Registered Office: 55 Marshall Street
Johannesburg
PO Box 62179
Marshalltown, 2107
Telephone: +27 11 373 6111
Facsimile: +27 11 373 5111
E - mail: traymond@angloplat.com
Website: www.angloplatinum.com

AQUARIUS PLATINUM LIMITED
Registered Office: Clarendon House
2 Church Street
Hamilton
Bermuda
Telephone: +61 8 9367 5211
Facsimile: +61 8 9367 5233
E - mail: info@aquariusplatinum.com
Website: www.aquariusplatinum.com

BARPLATS INVESTMENTS LIMITED
Registered Office: 3rd Floor
Old Trafford 4
Isle of Houghton
Boundary Road
Houghton
Johannesburg
PO Box 61386
Marshalltown, 2107
Telephone: +27 11 481 3900
Facsimile: +27 11 484 0254
E - mail: investor@implats.co.za
Website: www.barplatsinvestments.co.za

IMPALA PLATINUM HOLDINGS LIMITED
Registered Office: 3rd Floor
Old Trafford 4
Isle of Houghton
Boundary Road
Houghton
Johannesburg
PO Box 61386
Marshalltown, 2107
Telephone: +27 11 481 3900
Facsimile: +27 11 484 0254
E - mail: investor@implats.co.za
Website: www.implats.co.za

LONMIN PLC
Registered Office: 4 Grosvenor Place
London
SW1X7YL
Telephone: +44 (0)20 7201 6000
Facsimile: +44 (0)20 7201 6100
E - mail: contact@lonmin.com
Website: www.lonmin.com

MESSINA LIMITED
Registered Office: Nantai Crescent
30 Jellicoe Avenue
Rosebank
Johannesburg
PO Box 2668
Saxonwold, 2132
Telephone: +27 11 442 6923
Facsimile: +27 11 442 6993
E - mail: mike.kritzinger@ser.co.za
Website: www.southernera.com

NORTHAM PLATINUM LIMITED
Registered Office: Kenilworth House
Rutherford Estate
1 Scott Street
Waverley
Johannesburg
PO Box 37160
Birnam, 2015
Telephone: +27 11 440 8811
Facsimile: +27 11 440 5944
E - mail: svanderspuy@corp.norplats.co.za
Website: www.northam.co.za

EVANDER OPERATIONS
Corporate Office: First Floor
4 The High Street
Melrose Arch
Johannesburg
Suite No. 1
Private Bag X1
Melrose Arch, 2076
Telephone: +27 11 684 0140
Facsimile: +27 11 684 0188
E - mail: corporate@harmony.co.za
Website: www.harmony.co.za

NKOMATI MINE
Registered Office: 56 Main Street
Johannesburg
PO Box 62379
Marshalltown, 2107
Telephone: +27 11 634 9111
Facsimile: +27 11 634 0383
E - mail: ebrahimt@avmin.co.za
Web site: www.avmin.co.za

PALABORA MINING COMPANY LIMITED
Registered Office: 1 Copper Road
Phalaborwa
PO Box 65
Phalaborwa, 1390
Telephone: +27 15 780 2929
Facsimile: +27 15 780 2934
E - mail: enquiries@palabora.co.za
Web site: www.palabora.com

Central Rand Gold in Johanesburg South African

Central Rand Gold in Johanesburg South African make to produce 1,000oz Gold per month for rest of year, its gold output to average 1,000oz per month for the rest of the year after restarting mining activities at its operations in Johannesburg South African.The third quarter was a period of “mixed fortunes” for the South African operating gold miner. A month ago, the company was able to restart operations after a decision by the minister of mineral resources to suspend its mining rights was suspended.

Still, the cancellation, which took effect on September 27, has “severely impacted” the firm’s gold production.
Following the resumption of mining activities, 10,650 tonnes from surface and 2,697 tonnes from underground mining were delivered to the metallurgical plant and stockpile by mid-November.

Central Rand has managed to produce 4,928oz of gold during the quarter at an average cost of US$1,401 per ounce, taking the total production for the year to end October to 12,116 ounces.

Mining Palladium Metal

Mining palladium metal is a precious metal that is worth selling expensive.In the world of 90% mining palladium metal producers is concentrated in just two countries: the Russian Federation and South Africa.10% mining palladium metal producers are the United States and Canada.

Mining palladium metal industry is capital intensive. Mostly companies need large investment to build production facilities and long-term survival requires heavy expenditures in order to finance exploration and production. Processing of the ore through milling, flotation and smelting to form a matte that contains the PGM is normally undertaken at the mines. Further refining may take place in refineries on the mine property or in other countries.

Platinum mining locations

Platinum mining location 78% in South Africa and the big platinum mining location in Kroondal is located 120 km north-west of Johannesburg in South Africa, on the western limb of the Bushveld Complex.South Africa produces more platinum and similar metals than any other nation.In 2005, 78% of the world's platinum was produced in South Africa, along with 39% of the world's palladium. Over 163,000 kilograms (5,200,000 ozt) of platinum were produced in 2005, generating export revenues of $3.82 billion USD.

Platinum mining industry is capital intensive. Companies need large amounts of money to build production facilities and long-term survival requires heavy expenditures in order to finance exploration and production. Processing of the ore through milling, flotation and smelting to form a matte that contains the PGM is normally undertaken at the mines. Further refining may take place in refineries on the mine property or in other countries.

Scrap gold from motherboards

Scrap gold from motherboards found in numerous places on a motherboard: IDE connectors, PCI Express slot, PCI, AGP, ISA, and other ports, jumper pins, the processor socket, and DIMM (SIMM on older motherboards) slots.All of these connectors are often covered with a fine layer of gold a few microns thick, deposited by flashing or plating.

With the price of gold being at an all time high, there are now numerous companies who are recycle the infinitesimally small amounts of gold. Most of the gold is found in the motherboards.Here’s a process to recycle scrap gold from motherboards..how to refine gold from MOTHERBOARDS

Scrap gold, silver, platinum from an airplanes

Do yo know if commercial airplanes and U.S military airplanes give back to "graveyards" in the U.S. Southwest contain many thousands of dollars worth of gold, silver and platinum and are significant part of their scrap values....??

"Precious metals are used in airplanes, especially in engines, and when a plane is scrapped, the metals are recovered for their value and recycled," says Terry Hanlon, president of Dillon Gage Metals in Dallas. Gold is useful as a conductor and lubricator, he adds.

Up to 80% part of an airplane can be recycled, and precious metals can provide half of a plane's recycling value. When engines are scrapped or rebuilt, between $6,000 and $18,000 worth of precious metals can be recovered through leaching and radioactive processes. That's no small change considering that gold prices climbed this year, and lots of planes are scrapped in periods of economic weakness and when new models are built.

According to the U.S. Defense Logistics Agency, gold is used in aeronautical circuitry for relays, transistors, diodes and contact points, while silver is employed in electronic parts and welding and brazing wire. Platinum family metals are utilized in aircraft spark plugs and electronics.

Gold is a dependable conductor and connector in aeronautical circuitry. The yellow metal helps plane parts hold up well, reducing maintenance and repair costs. Thin films of it between moving parts serve as lubricants. Gold molecules pass one another under friction, creating lubricant action. The metal's malleability allows it to be processed into a thin film that can coat and protect moving parts.

And because of gold's reflective qualities, many airplane parts are fitted with gold-coated, polyester film to reflect infrared radiation and stabilize temperatures on board. Otherwise, those dark-looking parts of an aircraft would absorb a tremendous amount of heat. Gold is also used in space suits. A thin coating is applied to suits worn by astronauts to protect them from radiation and deflect burning sunlight.

Because gold is expensive, it's only used when cheaper substitutes won't do. But considering the number of lives at risk in air and space travel, and the billions of dollars spent on it, precious metals are worth it.

The Biggest Mining group is expanding gold and base metal

The big Mining group is expanding gold and base metal tenement, as well as its global footprint, with the acquisition of its first offshore project, the Comval Project in the Philippines.

This mining company exited a trading halt this morning to announce it has signed a binding Heads of Agreement with Cadan Resources Corporation (TSX-V: CXD) to acquire an 80 percent interest in the Comval Project, which is prospective for copper and gold.

This acquisition has the potential to transform the Mining Group, as the Comval Project is located within the East Mindanao Ridge, which is a world class copper-gold province.

Mining Group is a newly listed gold, base metals and uranium mineral exploration and development company with three prospective projects in Western Australia.

The company listed on the ASX at the beginning of July with a positive debut after raising $2.5 million for the exploration of its Western Australian projects, and for the identification and evaluation of complementary projects.During the September 2011 quarter, Mining Group commenced field exploration at its Boorara and Teutonic Projects.

What is investment gold?

What is investment gold?Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries, until recent times.Today, like most commodities, the price of gold is driven by supply and demand as well as speculation. However unlike most other commodities, saving and disposal plays a larger role in affecting its price than its consumption.

To explain what is investment gold we can follow describe below ; investment gold is defined as:

(a)Gold of a purity not less than 995 thousand that is in the form of a bar, or a wafer, of a weight accepted by the bullion markets;

(b)A gold coin minted after 1800 thatis of a purity of not less than 900 thousand,is, or has been, legal tender in its country of origin, and is of a description of coin that is normally sold at a price that does not exceed 180% of the open market value of the gold contained in the coin.