sbmzhcn Blog find crusher and grinding mill in China

October 31, 2012

Indian companies to conduct due diligence on Afghanistan mines

Filed under: Uncategorized — sbmzhcn @ 8:39 pm

The Indian consortium shortlisted for copper and gold mining in Afghanistan are shortly expected to conduct a due diligence on the deposits.

The consortium members, which include state-owned PSUs such as Hindustan Copper, Nalco, SAIL and MECL, will meet after June 5 to decide on the equity shareholding and also take a call on whether to include stone miller machine suppliers uaeprivate sector companies as part of the consortium. Sterlite Industries, Monnet Ispat & Energy and Jindal Steel & Power are among the private players who have also been shortlisted by the Afghan mines ministry.

“We have sent four teams to Afghanistan for site visit. We will study their reports and do a due diligence on the reserves. The last of these teams will return on June 5. We are scheduled to meet after that to take a call on equity shareholding among the consortium members. We are getting feelers from other private players interested in joining the consortium and will decided on whether to invite them as part of the team,” Shakeel Ahmed, HCL chairman & managing said.

Incidentally, the shortlisted candidates also include big investors from the Emirates, Canada and Australia. Mr Ahmed said the Indian consortium’s move would be on the lines of Afisco, the consortium of PSUs and private players, which successfully beat global competition to bag the rights for exploring nearly a billion tonnes of iron ore reserves in remote Hajigak.

Asked if they would seek sovereign guarantees for mining the copper and gold reserves in Afghanistan, Ahmed said: “We will follow on the lines of Afisco.”

“The only concern is security and infrastructure. India and Afghanistan share historical ties and both the government and the locals have been very friendly when our team visited the country. We are keen to explore the reserves in that country since it is in our interest to secure our mineral needs,” he added. Closer home, HCL is planning to add greenfield mines to raise output. It is planning a 51:49 joint venture with Rajasthan Mines & Minerals

and take up exploration of four copper deposits at Alwar, Bhilwara and Dungarpur. While RMML holds the mining lease in these properties, HCL will provide the mining expertise.

HCL posted a 44% jump in net profit at 323 crore in 2011-12 against 224.1 crore in the previous fiscal, riding on a significant 28% rise in sales volume during the year. The country’s only vertically-integrated copper company posted vastly improved results driven by mining operations, despite a drop in average price realisation.

The benchmark copper prices on the London Metal Exchange dipped 14% in the fourth quarter of FY12 on low demand from China, eurozone fears and the Greek debt crisis. During the fourth quarter, net profit zoomed to 137 crore against 61 crore in the previous corresponding quarter. Sales shot up a significant 97% to 644 crore against 327 crore in the same period last year. By recording net profit for three consecutive years, HCL has posted a turnaround and thus managed to come out of the ambit of the Board of Reconstruction of Public Sector Enterprises.

Landmark ruling ‘gives Mittal edge on Kumba’

Filed under: Uncategorized — sbmzhcn @ 4:46 pm

Arcelormittal SA claims it has won the upper hand after a court order lcrusher gold rocks to millast Thursday gave Kumba subsidiary, Sishen Iron Ore Company, full ownership of the Sishen mine and decisively ruled Imperial Crown Trading (ICT) out of the running for a stake in the operation.

The market appeared to agree with ArcelorMittal’s assessment that it had gained an edge over Kumba in a pending supply arbitration process, sending its shares soaring 10% after Judge Raymond Zondo ruled that a mining right could not be subdivided or fractionalised. “We are delighted. The judge confirmed our reading of the act and how the conversion process was meant to have been handled,” ArcelorMittal SA’s CEO, Nonkululeko Nyembezi-Heita, said. “It strengthens ArcelorMittal’s hand in the arbitration. The issue of ownership of the mineral rights is a pivotal issue in the arbitration case,” Ms Nyembezi-Heita said. ArcelorMittal, SA’s largest steel maker, had a…

West African Iron Ore continues to intersect high grade iron ore mineralization

Filed under: Uncategorized — sbmzhcn @ 2:48 pm

West African Iron Ore is pleased to report that it has intersected near surface and sub-surface, high-grade iron ore mineralization in iextraction of iron from blast furnace slagts second set of three diamond drill holes from the Company’s phase one drilling program.

We are committed to an accelerated exploration program based on these extremely encouraging results from phase one,” states Guy Duport, CEO of West African Iron Ore, “Further analyses are expected to confirm our belief, that our iron ore project not only has the best location in Guinea but can deliver high-grade Fe at well above average concentrations.” As a result of the on-going geological mapping program, mineralisation appears to be continuous along strike for 800m, but further drilling is required to confirm geological continuity. Fugro has been contracted to conduct ground gravity surveys in early November to assist in the identification of further drill targets on these prospects. Samples from the…

Gindalbie Completes $74.5 Million Ansteel Placement

Filed under: Uncategorized — sbmzhcn @ 12:40 pm

Gindalbie Metals is pleased to advise that the $74.5 million share placement to its joint venture partner Ansteel, which formed part of the $206.4 million capital raising earlier this year, has been completedbuild your own gold dredge highbanker following receipt of final Chinese regulatory approval.

Gindalbie has allotted 80.107 million shares at $0.93 per share to Angang Group Hong Kong (Holdings) Limited and the placement funds have been received, increasing the Company’s cash reserves to approximately $200 million.

The completion of the placement enables Ansteel to maintain its 36.12% interest in Gindalbie following the other elements of the capital raising completed earlier this year – a $111.8 million institutional share placement and a strongly supported Share Purchase Plan (SPP) to existing shareholders.

The funds raised are predominantly being used to fund Gindalbie’s equity share of the construction cost of the Karara Project, as well as its equity share of the estimated $430 million working capital requirements for the Project. Any surplus funds will strengthen the Company’s working capital position and its ability to target new growth opportunities.

Gindalbie’s Managing Director, Mr Garret Dixon, said the completion of the share placement to Ansteel marked the final stage of the $206.4 million capital raising undertaken earlier in the year.

“I would like to take this opportunity once again to acknowledge Ansteel for their long-standing support of Gindalbie and the Karara Project,” said Gindalbie’s Managing Director. “Karara is the biggest and most advanced iron ore development underway in the Mid West. Construction of the minesite and all associated infrastructure required for our start-up, including Geraldton Port, is progressing well and we remain on track for first production in the first half of 2011.”

Zambia”s Ban on mine licences to be lifted

Filed under: Uncategorized — sbmzhcn @ 10:09 am

The Government is set to lift the ban on what is the production process flow chart for gold from gold ores to gold ringsthe issuance of mining licences by the end of this month after finalising arrangements on the introduction of a new and more efficient licensing system.

Mines and Natural Resources Minister Wilbur Simuusa said in an interview that there was good progress made in the cleaning up of the system which was found with several irregularities and which prompted the ban. Government in October last year suspended the issuance of new mining licences after finding several irregularities and bureaucracy in the manner business was being conducted at the mines’ registry department. Mr Simuusa said a good job had since been done in coming up with a system that would be reliable and efficient. “We intend to make an announcement on the lifting of the ban on mining licences by the end of January. We have been trying to come up with a good system and we have so far done a considerably good job,” he said. The decision to ban the processing of mining licences has been welcome as the procedure had become unnecessarily long and brought a lot of conflict with licence holders. The delay had forced the Association of Zambian Mineral Exploration Companies (AZMEC) to complain that…

Central Rand Gold raises full year production

Filed under: Uncategorized — sbmzhcn @ 6:23 am

Central Rand Gold says it reduced its loss by 78% to US$16.1 million for the year ended December 2011, from $72.1 million in the previouocean bentonite clay suppliers in south africas year, and basic and diluted loss per share of 1.01 cents for the year from a loss of 4.51 cents per share previously.

The company said the reduced loss was due to increased gold sales achieved “predominantly” from surface pits, improved plant availability, higher plant recovery and a stronger average realised rand price. Gold output increased to 14,856 ounces from the 9,321 ounces produced during 2010, while surface mining cash operating costs were reduced by 26% to an average of $1,115/oz, due to the discovery of additional surface materials with better strip ratios, better grades, resized employee headcount, metallurgical process optimisation, and renegotiated material and service contract rates. CRG said the Department of Mineral Resources had returned its mining rights, unopposed, after the company…

Cape Lambert to sell Leichhardt project for A$25 million cash

Filed under: Uncategorized — sbmzhcn @ 12:17 am

Cape Lambert is pleased to announce it has entered into a binding agreement to sell its subsidiary Cape Lambert Leichhardt, theprice of mobile stone crusher holder of the Leichhardt Copper Project located 100km north east of Mt Isa, in consideration for A$25 million cash

Cape Lambert Executive Chairman, Mr Tony Sage, said “the cash sale of the Leichhardt Copper Project for A$25million is another successful execution of our strategy of acquiring and investing in undervalued and/or distressed mineral assets and companies, adding value to those assets through a hands on approach to management, exploration and evaluation to enable us to convert them into cash at a multiple.”

“It will add to the Company’s liquid asset position which, at 31 March 2012 was in excess of $230 million, comprising cash, receivables1 and other liquid assets.”

“The Company will apply the funds raised through the sale of this asset to the development of its portfolio of assets, predominately iron ore in West Africa.”

Completion of the Transaction is subject to and conditional on due diligence to the satisfaction of the purchaser, execution of formal documentation and all governmental and third party consents and authorisations being obtained in respect of the Transaction. Formal documentation is expected to be executed in the coming weeks with completion of the Transaction scheduled for mid-late July 2012.

The Leichhardt Copper Project comprises a copper cathode process plant capable of producing 9,000 tpa of copper cathode and surrounding landholding.

The Company acquired the Leichhardt Copper Project in August 2010 from Matrix Metals for A$7.75million. The Leichhardt Copper Project, which has an existing cathode off take agreement with Glencore International AG, has been on care and maintenance since its acquisition by the Company.

Pursuant to the terms of the binding terms sheet, the consideration payable by the purchaser for the acquisition of the Leichhardt Copper Project is:

(a) A$10million payable to the Company on settlement of the Transaction; and
(b) A$15million payable to the Company on 31 January 2014 (Second Tranche).

The purchaser is proposing to refurbish the Leichhardt Copper Project to produce copper cathode using its knowhow and contractors.

The purchaser shall prepare and provide to the Company a Refurbishment plan, which shall be agreed with the Company prior to the commencement of the Refurbishment for the purpose of measuring any cost overruns. If the Refurbishment cost is more than A$12million, the Company will be responsible for any cost overruns to a maximum of 20% (ie $2.4million). Any escalation over A$12million (up to a maximum of A$2.4million) shall be deducted from the Second Tranche if the cost is incurred prior to 31 January 2014.

October 30, 2012

Performance linings for gold ore processing

Filed under: Uncategorized — sbmzhcn @ 8:43 pm
  • – Ore Grinding Circuit
  • – Pre Oxidation and Feed Piping
  • – Flash Vessel Discharge<mining of granite companies in china/li>
  • – Thickener Units
  • – Neutralization Tanks
  • – Effluent Disposal System
  • – Carbon Regeneration Units

Blair Rubber’s staff are knowledgeable in designing and processing rubber compounds for that very corrosive and abrasive environments encountered by gold ore processing equipment.

BLAIR’S ENDURAFLEX™ performance linings for gold processing are:

VE-611-BN, 60 durometer All-natural Rubber, for moderate abrasive feed piping. VE- 611-BN is created for sliding abrasion, climate and chemical resistance, making it good for pipe application, neutralization and thickener tanks.

VE-616-BN, 70 durometer for extreme abrasion and high solid processing. VE- 616-BN is created for top cut, tear and abrasion resistance including ore breakdown, and tailing thickeners.

VE-621-BC, 60 durometer Chlorobutyl for leaching, neutralization, cyanide processes and carbon washing. VE-621- BC delivers outstanding chemical, climate, heat and oxidation resistance and is used for leaching tank and carbon acid washing.

VE-713-BNE, 70 durometer Neoprene for high heat and abrasion circumstances. VE- 713-BNE may possibly even be used in regions requiring of being an average oil resistant lining.

Selection in the correct lining for a certain processing location is complicated and involved given that each and every area has distinct answer and slurry characteristics. In common, erosion protection is one of the primary locations of concern along with the abrasion severity typically determines the liner chosen. BLAIR RUBBER’s technical staff is skilled in developing linings that facilitate a greater return on your investment.

Mincor inks $30m deal with Niuminco in move into PNG

Filed under: Uncategorized — sbmzhcn @ 5:48 pm

Kambalda nickel miner Minstungames play games 505 urban crushercor Resources is expanding into Papua New Guinea through a $30 million joint venture. The Perth-based miner today announced it had signed agreements with PNG exploration company Niuminco and its subsidiaries for the exploration and development of copper and gold assets.

“I see in these assets the same kind of potential that we uncovered at Reko Diq through our Tethyan copper company, whose incubation within Mincor and subsequent spin-off generated substantial returns for our shareholders,” Mincor managing director David Moore said. “Through this venture I believe we now have some of the best prospects in PNG, and this is elephant country for world-class deposits. Mincor has the skills, experience and funding to bring them to account.” The news didn’t boost Mincor’s shares, which were down 2.38 per cent at $1.02, in a weak broader market following a poor lead from Wall Street. Mincor said the $30m deal was the miner’s “most significant” new business development initiative, since the company’s successful acquisition of the Otter Juan nickel mine in 2007.

Shree Minerals one step closer to mining iron ore in Tasmania with EPA approval conditions

Filed under: Uncategorized — sbmzhcn @ 2:49 pm

Shree Minerals has reached a major milestone with a decision by the Tasmanian Environment Protection Authority (EPA) to issue approval conditions for the company’s proposed magnetite and hematite mine at Nelson Bay River, in northwest Tasmania.

The NBR Project area is located aboutcontact ciros machinery corporation 6 kilometres north east of the town of Temma and about 70 kilometres South West of Smithton, in north west Tasmania.

NBR project has a JORC iron resource of 11.3 million tonnes including goethitic‐hematite resource of 1.4 million tonnes and magnetite resource of 7.8 million tonnes.

During the March quarter, the DSO resource for NBR increased by 55% to 450,000 tonnes at an average grade of 57.8% iron and 700,000 million tonnes of beneficiable goethite-hematite.

The company’s chairman, Sanjay Loyalka, said that “the EPA Board’s decision comes after a very long and rigorous assessment process to confirm that the mine will proceed in accordance with best practice environmental management.

“He said this included measures to prevent acid drainage, to protect and enhance wildlife habitat and to minimise the risk of roadkill by confining product transport to daylight hours.

Loyalka said that his company was excited about the prospects of developing the mine after the remaining approvals have been obtained.

Perhaps the main point is that the actual “footprint of mining” is very small in relation to the economic benefits that can be obtained and represented a balanced approach to land management.

The EPA has provided its conditions to Circular Head Council. Council must include those conditions in its planning permit if it approves the development application for the mine. Council’s assessment process can now proceed to completion.

Shree Minerals is also waiting on the Commonwealth’s separate approval decision.

The iron mineralisation at NBR is hosted by a 10 to 28 metres wide mafic dyke, which crosses cuts the country rocks and increases in width with depth. Within this dyke is a magnetite‐rich section and oxidation of the magnetite has generated goethite‐hematite mineralisation to varying depths.

Older Posts »

Powered by WordPress

Optimization WordPress Plugins & Solutions by W3 EDGE