A major beef company is suing Xstrata over alleged overflow of chemicals into waterways. The Stanbroke Pastoral Company has launched legal action against the Xstrata run Ernest Henry mine in northwest Queensland near Cloncurry
The 33 miners trapped in a mine in Chile will have to wait even longer to be rescued due to a fresh cave in. The accident occurred in a San Jose mine near the city of Copiapo in north Chile.
Global Geoscience Ltd. (ASX:GSC), an Australian based mineral exploration company, is selling a copper gold project in northern part of New South Wales to White Rock Minerals Ltd.
The global recession seems to be dissipating as more investments get planned for the mining industry. Mining giant Xstrata is all set to invest $ US5.3 billion to build a copper mine in Peru and to expand a coal mine in New South Wales, Australia.
Mining giant Xstrata has announced positive half yearly results for 2010. In fact the operating profit in its north Queensland copper division was announced at $167 million, much higher than the profits corresponding to the same period last year.
Newmont Mining Corporation (NYSE: NEM), one of the world’s largest gold producers, has announced second quarter adjusted net incomeof $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter.
Compañía Minera Doña Inés de Collahuasi SCM has announced a revised Mineral Resource estimate with an increase to total Mineral Resources and Ore Reserves.
Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) has reported a 10% rise in its second quarter earnings.
Rio Alto Mining Ltd. (TSX:RIO) has received mining permits from the General Bureau of Environmental Affairs (DGAA) of the Ministry of Energy and Mines (MEM) of Peru for the La Arena resource in north central Peru.
Newcrest Mining Ltd. (ASX:NCM) has recorded a 32% increase in its Q4 2009/2010 production. A year ago it produced 397,826 ounces of gold in the same quarter, and this year it produced 526,131 ounces of gold.
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