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BHP Billiton production results in line with expectations – analysts

City broker UBS says global mining firm BHP Billiton's (LON:BLT) June production figures were slightly better than expected and gives the stock an unchanged 12 month rating of a 'buy' with a target price of £28.40. The mining giant released the figures yesterday across the spectrum of its resources, including iron ore production up 14 percent year-on-year in the final quarter.

Lonmin reaffirms platinum sales target; upgrades unit costs

Lonmin PLC (LMI.LN), the world's third largest primary platinum producer, Thursday said it expects to meet its annual platinum sales target, provided there are no work stoppages, and raised its annual unit cost guidance to reflect reduced output in previous quarters. The U.K.-listed, South African miner expects to sell 720,000 troy ounces of platinum in the financial year ending Sept. 30 and expects annual unit costs to rise 11%, up from a previously forecast 8%, due to production setbacks stemming from industrial action and six fatalities during the first six months of the financial year.

Gold production target in sight, Petropavlovsk says

Russian gold miner Petropavlovsk’s recorded a 32% rise in total gold production in the first half of the year and said it was on track to achieving its target of 600,000 ounces of gold for the year. During the period between 1 January to 30 June, Petropavlovsk reported total attributable gold production of 219,100 ounces, a 32% jump from 166,300 ounces in the comparable period last year.

Comprehensive environmental monitoring plan on deck for oilsands

The federal government is set to announce Thursday a comprehensive environmental monitoring plan for the oilsands that will boost tests on water, air, animals and plants — and seeks to spruce up the international reputation of the massive bitumen resource. According to government sources, the $50-million "integrated oilsands environment monitoring plan" developed by teams of scientists will spur increased scrutiny of everything from acidification in lakes to the health of fish — across provincial and territorial boundaries.

Gillard gutless, says coal protest

COAL seam gas protesters have accused the prime minister of being too gutless to talk to them about an industry they say is a threat to Australia's food security. Julia Gillard attended a community forum at Ipswich, southwest of Brisbane today, but avoided 30 rowdy protesters by going in and out a back door. Waving placards reading "Can't eat coal, can't drink gas", the protesters had hoped to pressure Ms Gillard over a moratorium on CSG projects until environmental effects are better understood.

Grasberg gets new open-pit slope monitoring system

PT Freeport Indonesia (PTFI) Geo Services Division recently enhanced the slope monitoring system at Grasberg mine with the purchase of two IBIS-M radars. “Grasberg mine is one of the few mines in the world that utilises very high-technology monitoring equipment to help detect slope movements. The IBIS-M radars are top-of-the-line radars, using technology that is accurate to within approximately 0.1 mm, with coverage at some 2 km an area around 5 km square, and operating range of 10 m to 4,000 m,” explained PTFI Superintendent - Geotechnical Pit Engineering and Stability Rahadian Widiadi.

Wafi-Golpu copper-gold resource now a billion tonnes

Harmony Gold Mining upgraded the resource estimate for its Wafi-Golpu project in Papua New Guinea on Wednesday increasing it by 57% to over 1 billion metric tons, making it one of the highest grade copper-gold porphyry systems in South East Asia. CEO Graham Briggs said it was a "game-changing asset" for the company and the latest drilling results bring the Wafi-Golpu deposits within sight of Freeport-McMoran’s Grasberg mine across the border in West Papua, Indonesia, which was recently hit by strikes.

Relocation of 15,000 villagers paves way for huge African gold mine

In today's operating environment, a mining company is as likely to be judged on its environmental and social performance as its ability to pull minerals out of the ground. Randgold Resources has taken on an ambitious project in the Democratic Republic of the Congo to build one of the largest gold mines in Africa.