Dianor Resources Inc. (TSX VENTURE:DOR)(OTCQX:RDSNF) has announced that it in light of the increased worldwide demand for iron ore resources, and the well established iron mining history of the Wawa area, a preliminary review of the Iron Ore Potential of the Leadbetter Property is being conducted.
Buchans Minerals Corporation (TSXV: BMC) has announced that it completed a private placement offering of a total of 23,293,362 equity units at a price of $0.11 per Unit and 2,977,693 flow-though units at a price of $0.13 per Flow-Though Unit for aggregate gross proceeds of $2,949,370. Northern Securities Inc. acted as agent in the Offering.
Hilltown Resources Inc. (CNSX:HLT) and Mineracao Soccoimex have entered into a strategic alliance to maximize the value of Hilltown's future iron ore and manganese resource projects in Brazil.
First half year profits of BHP Billiton took a record leap of a 71 % to reach a profit of $10.6 billion of which $10 billion will be returned to shareholders. Reuter’s analysts had predicted a profit of $10.3 billion for the same period and they were also surpassed.
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.
The US mining industry can expect a bit of a shakedown as the mining regulatory agency proposes a new rule that will help to close down mines with health and safety violations faster.
In Peru the presidential candidate Alejandro Toledo said that the mining companies need to give more of the revenue they generate to support the nation’s social programs.
In Brazil the government is looking forward to a larger share from mining profits. Brazilian President Dilma Rousseff said she hoped that the new legislation which seeks to limit foreign investment in the mining sector will be approved this year.
Production in South Africa's mining sector has risen 9.6% in November on a yearly comparison. In October it had been revised to a 6.5% rise as per available statistics. This is indeed good news as the mining production was showing a negative annual growth rate at the end of May of -7.7%.
According to the report, Queensland Premier Anna Bligh has taken the side of the mining industry in the debate with the federal government over royalties in the proposed mineral resource rent tax (MRRT.
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