Dr. Cameron Chai

Articles from Cameron

Harmony Gold Posts Strong Quarter Results

Harmony Gold Mining Company Limited, the third largest gold producing company in Africa, has announced a 33% second fiscal quarter operating profit thanks to the rising price of gold bullion.

9 Feb 2011

EPA to Review Planned Alaskan Mine

In response to the request by Bristol Bay Native Corporation (BBNC) in conjunction with 9 federally recognized Bristol Bay Alaskan native tribes the U.S. Environmental Protection Agency has announced a scientific review of how future large scale development projects will impact the Bristol Bay salmon fishing area.

9 Feb 2011

Acadian Mining to Sell Assets to Selwyn Resources

Acadian Mining Corp has signed a letter of intent with Selwyn Resources Ltd. to sell its zinc and lead assets in Canada. The miner has decided that it wishes to focus on gold exploration only. The sale of the assets will generate Canadian $10 million for the company.

9 Feb 2011

Philex Mining Corp's Production Jumps 80%

Philex Mining Corp the biggest gold producer in the Philippines said in a disclosure to the Philippine Stock Exchange that the estimated value of the output of its Padcal Mine had risen by 80% for the month of January as compared to January 2010.

8 Feb 2011

New Manganese Mine for South Africa

Tshipi e Ntle Manganese Mining (Pty) Ltd. board of directors has decided to allocate $200 million for the construction of the Tshipi Borwa manganese mine located near Hotazel in the Northern Cape region.

8 Feb 2011

Mayor's Wants Open-Cast Mine at Pike River

The Mayor of Grey District Tony Kokshoorn wants an open cast mine at Pike River, New Zealand. The mine which has been shut down since November 19, 2010 after an explosion which killed 29 miners still has $6 billion worth of coal underground. This is money that would greatly boost the New Zealand’s west coast economy.

7 Feb 2011

Energy Fuels' Pinon Ridge Uranium Mill Permit Upheld

Energy Fuels Inc would have heaved a sigh of relief as Montrose County District Judge James Schum ruled that the special use permit given to the company was in order.

7 Feb 2011

Philippines Cancels 500 Inactive Mining Permits

The Philippines government seems to be set on putting its mining industry in order with the President Benigno Aquino III declaring an indefinite ban on logging nationwide and Environment Secretary Ramon Paje saying that almost 500 inactive mining permits had been suspended.

7 Feb 2011

China Sees Record Gold Production

In China its not just coal and iron ore that are being produced and consumed in large quantities. In 2010 the country has also seen record gold production with 340 tons of gold being extracted. China holds extensive gold reserves as a risk protection against the global financial markets.

7 Feb 2011

Xstrata Acquires Cape Lambert's Share of Lady Loretta

Xstrata has acquired the remaining 25% stake from Cape Lambert Resources in the Lady Loretta lead zinc project for $30 million. The deal sees Xstrata as the 100% owner of the mining resource post approvals which are expected in the coming months.

6 Feb 2011