UPDATE 1-African Minerals says CRM investment completed

LONDON, June 16 (Reuters) – African Minerals Ltd (AMIq.L) said a proposed 167.8 million pound ($260 million) investment by China Railway Materials (CRM) to develop the Tonkolili iron ore project has been completed following Chinese government approval.

As previously announced, CRM will take a 12.5 percent stake in African Minerals as a result of the investment and has the right to appoint a non-executive director to the board.

In February, African Minerals verified the size of the Tonkolili project in Sierra Leone at 10.5 billion tonnes of magnetite, making it the biggest deposit in the world.

China’s steel sector, which produced almost half the world’s steel output last year, is the biggest consumer of iron ore.

(Reporting by Julie Crust; editing by Victoria Bryan)

($1=.6465 POUND)

Further sales secured by Gindalbie

Gindalbie Metals has finalised a second agreement covering the life of its Karara iron ore mine in the Mid West.

Last week, the miner revealed it had signed a $65 billion export deal with its Chinese joint venture partner Ansteel for magnetite ore.

Yesterday, Gindalbie announced it had also reached agreement for the sale of haematite iron ore from the project.

Corporate Affairs Manager Michael Weir says the haematite is a much smaller amount but still significant.

Mr Weir says the agreement demonstrates the significant progress being made on the Karara project.

“On our current time frame we’re looking at producing our first haematite around mid 2011 so the middle of next year and we’ll look to have some magnetite concentrate shipped out in the second half of next year, so production from this project is really not that far away.”

$60 billion iron ore deal

WA iron ore miner Gindalbie Metals has secured one of Australia’s biggest export deals with China.

Gindalbie Metals has signed a $60 billion sales contract with its Chinese joint venture partner, Ansteel.

Under the agreement, Gindalbie will sell all of its magnetite iron ore from its Karara project for 30 years.

The company began construction of the mine last year and is expected to begin production in the second half of 2011.

Gindalbie’s chief executive Garrett Dixon says the project would have stalled without the deal.

“Without an offtake arrangement and a guarantee of payments in the future for your iron ore, you really can’t develop a project,” he said.

“It’s a major step for us and underpins all the other things we’ve been doing. It’s taken a while to get here but it just shows the importance of the agreement.”

Mr Dixon says it is a great outcome for both parties.

“We have a really good relationship, so locking this away means Ansteel actually has a long-term source of premium iron ore for the life of the project,” he said.

Mr Dixon says Gindalbie is close to finalising an offtake deal for its haematite iron ore deposits.

Minerals on Mars influence the measuring of its temperature

Washington, July 15 (ANI): In a new study, scientists from the CSIC-INTA Astrobiology Centre in Madrid have confirmed that the type of mineralogical composition on the surface of Mars influences the measuring of its temperature.

The study will be used to interpret the data from the soil temperature sensor of NASA’s Mars Science Laboratory (MSL) vehicle, whose launch is envisaged for 2011.

“We have confirmed, by means of infrared spectroscopy tests, that the chemical-mineralogical associations on the surface of Mars influence the measuring of the temperature of the Martian soil,” explained Maria Paz Martin, a researcher at the Astrobiology Centre, and the main author of the study.

The infrared spectrometers register how the different mixtures of minerals reflect this type of radiation and this information is used to calculate the environmental temperature.

The work lies within the framework of a project related to the soil temperature sensor of the REMS weather station (Rover Environmental Monitoring Station).

This instrument, whose design is coordinated by the CAB, forms part of the Mars Science Laboratory (MSL) vehicle and mission, which NASA intended to launch this year but has now put off until 2011.

“This research shows that, in order to carry out the thermal measurements on the surface of Mars, we must bear in mind certain specific mineralogical mixtures”, Martin indicated.

The results confirm that there exist significant increases and falls of up to 100 percent in the percentages of the reflectance values (the capacity of reflection of a surface) in mixtures such as those of basalt with hematite in comparison with those of basalt with magnetite.

To carry out the study, the scientists have selected and prepared samples of terrestrial minerals which are known to exist on Mars, such as oxides, oxi-hydroxides, sulphates, chlorides, opal and others which come from clay.

These compounds were obtained from reference materials from the United States Geological Survey, as well as from different areas of the Earth similar to those of the red planet, like El Jaroso (Almería), the Tinto River (Huelva) and Atacama Desert (Chile).

The researchers pulverized the material until they achieved fewer than 45 microns, the average size of the dust of the Martian soil.

They then mixed the minerals in different proportions with basalt, the most important volcanic rock on Mars, and measured how the infrared reflectance varied at the same wavelength levels as those at which the REMS temperature sensor will operate.

“The experiments confirm that any chemical-mineralogical analytical development on Mars requires the prior satisfactory quality of the methodological tests and routines on Earth,” said Martin. (ANI)

Asia’s largest iron ore deposit discovered in China

New Delhi, June 25 (ANI): Geologists have discovered ‘Asia’s largest’ iron ore deposit in northeast China’s Liaoning province, with an estimated reserve of more than 3 billion tons.

The newly-found deposit, mainly between 1,200 meters and 1,860 meters underground and spanning a four-km-long, three-km-wide area, is at the Qiaotou Township, Pingshan District, Benxi city, according to Yu Wenli, head of the Liaoning Provincial Bureau of Geology and Mineral Resources Exploration.

“We found high-grade iron ore even at a depth of 2,015 meters,” Yu said.

He said that the iron ore is a mixture of magnetite and hematite, and the iron content is between 25 percent and 62 percent.

“The deposit can be exploited for more than 50 years,” he said.

Statistics with Yu’s bureau show Liaoning has abundant iron resources that account for at least a quarter of the country’s total.

“Although we have exploited large amounts of iron deposits over the past several decades in the province, there are still lots of deposits underground awaiting exploration,” he said.

A news release posted on the official website of the Benxi municipal government hailed the newly-found iron deposit as “Asia’s largest for now,” and said Minister of Land and Resources Xu Shaoshi made a special inspection tour of the deposit site on June 18.

Xu urged local authorities to start exploitation “as quickly as possible” at the iron mine so as to make contributions to the national and local development, according to the news release.

With the news of the iron deposit discovery, the shares of steel makers gained on June 24.

Baosteel, the country’s biggest steel mill, rose 3 percent to 7.2 yuan (1.06 dollars). Angang Steel Co, the second largest, surged 7.42 percent to 14.18 yuan.

Shares of Hunan Valin Iron and Steel Group climbed 4.52 percent to 7.4 yuan. (ANI)

Miniscule magnets in ant antennae act as internal GPS

Washington, May 22 (ANI): A new research has led to the discovery of miniscule magnets in ant antennae, which act as an internal GPS (Global positioning system), making these insects aware as to where they are going.

According to a report in Discovery News, while human global positioning systems rely upon receivers that pick up information from a network of satellites, the probable ant system weighs next to nothing, requires little energy to operate and appears to be mostly built out of dirt.

“The ants we studied dwell in tropical soils that are full of very fine-grained iron minerals, so there is plenty of material available,” said researcher Dr Jandira Ferreira de Oliveira of the Technical University of Munich and the Brazilian Center for Physics Research.

“The incorporation of minerals probably starts as soon as ants start getting in touch with soil,” she said.

Her team found ultra fine-grained crystals of magnetic magnetite, maghemite, hematite, goethite, and aluminum silicates in ant antennae.

These particles could make a “biological compass needle” that drives ant GPS.

For the study, published in the latest Journal of the Royal Society Interface, Oliveira and her colleagues collected worker ants from the species Pachycondyla marginata in Sao Paulo.

Prior studies found these ants tend to always migrate at an orientation of 13 degrees relative to Earth’s geomagnetic north-south axis, and that the ant’s strongest magnetic signal comes from its antennae.

High-powered microscopes and chemical analysis revealed the presence of the dirt-acquired magnetic particles in the antennae, intriguingly next to a body part called the Johnston’s organ that may also be part of the ant’s GPS.

According to Oliveira, “Our planet is magnetized, likely due to rotational forces of liquid iron in earth’s core. Although the resulting magnetic field is one-twenty thousandth as strong as a refrigerator magnet, ants appear to perceive the geomagnetic information through a magnetic sensor (the dirt particles), transduce it in a signal to the nervous system and then to the brain.”

The University of Oxford’s Dr Robert Srygley, one of the world’s leading insect experts, said that the new study “is a major advance toward finding the magnetic compass in this nomadic ant.” (ANI)