Dr. Cameron Chai

Articles from Cameron

Brigus Gold Moves Closer to Commercial Production at Black Fox Mine

Brigus Gold is moving closer to commercial production from its underground mining operations at the Black Fox Mine. Located 75 km east of Timmins, Ontario the mine construction was recently completed with the construction of the ventilation and service raise last month. Other underground services are in the final stages of commissioning.

1 Mar 2011

South Africa Launches State Mining Company

The South African government has launched a state owned mining company. President Jacob Zuma launched the African Exploration Mining and Finance Corporation or AEMFRC with the hope that it would bring all state mining interests into its remit.

28 Feb 2011

Equinox Minerals Shoots for Lundin Mining Takeover

Ludin Mining's proposed merger with Inmet Mining Corp may now face a new obstacle - a hostile takeover bid from Equinox Minerals. The Vancouver based company Ludin Mining said on Sunday that Equinox Minerals intends to make an unsolicited takeover bid for the company before Monday markets resume.

28 Feb 2011

Glenn Stevens Says Resources Boom Will End, Urges Australians to Save

Glenn Stevens, the Reserve Bank governor, warned Australians that the mining boom would not last forever and they need to save for the time when commodity prices will fall.

23 Feb 2011

Cyclone Carlos Closes Pilbara Mining Operations

A cyclone of the north west mining coast of Australia has brought damage to homes and closure to offshore oil rigs. Ports handling iron ore exports have also been forced to shut down as per officials. The tropical cyclone Carlos measured two on a five point scale.

23 Feb 2011

Extract Resources in Talks with Rio Over Namibian Uranium Deposit

Extract Resources and Rio Tinto are talking about developing the Husab Uranium project owned by Extract Resources in Nambia jointly with Rio’s nearby Rossing Uranium mine. The Australian company said that it would be able to capture potential synergies if this were to happen.

21 Feb 2011

Oppostion to ‘Fly-In, Fly-Out’ Workforce at Queensland Mine

A petition to oppose a 100% 'fly-in, fly-out' mine in the Central Highlands, Queensland has been tabled by Ted Malone the member for Mirani.

21 Feb 2011

Australian Greens Pushing for More Revenue from Mining

With record profits announced by BHP Billiton and the alleged loss of tax funds due to the renegotiation of the new mining tax, there has been a call by the Australian Greens to impose a higher tax on mining companies.

21 Feb 2011

Environmental Protection Group Sues Southern Oregon Gold Miner

The rising prices of precious metal seem to have started another gold rush. Donald Bean was working in the construction business but with sky rocketing prices of gold he came back to mining on claims that have been in his family since the Great Depression.

16 Feb 2011

Australia Loses $60 BN in Mining Revenues

Australia will collect about $60 billion less in mining tax over the next ten years than previously predicted thanks to the changes made in the proposed mining tax last year prior to the elections. The treasury figures say that the original unhampered tax would have collected Australian $99 billion between the financial years of 2012/13 to 2020/21.

16 Feb 2011