Mining Business News

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Concordia Resource Obtains Approval to Continue Drilling at Providencia Property

Concordia Resource has declared that its Meryllion Minerals has got the drill permits from the Directorate of Mines–Province of Jujuy in order to continue the drilling operations at its Providencia silver-copper prospect, which is located in northwest Argentina.

5 Sep 2011

Alta Mining Inks Binding Option Agreement for Silver Properties

Alta mining, a subsidiary of Fortune Oil & Gas, has inked a binding option agreement due to the receipt of encouraging results from due diligence.

5 Sep 2011

Comstock Mining Aims to Mine Historic Resource By Year End

Comstock Mining Inc. said that it wished to restart the gold and silver mining operations at the historic Comstock Lode site in Virginia City. The Comstock cache was discovered in 1859 and helped fund Union efforts in the Civil War and the construction of the city of San Francisco. The company added that they had been awarded the necessary permit from the state environmental regulators for this activity.

4 Sep 2011

AECOM Technology Secures Contract to Expand Ravensworth North Mine Project

AECOM Technology has secured a services contract worth of US$20 million for constructing the US$1.4 billion Ravensworth North mine project, which is located in New South Wales, Australia.

2 Sep 2011

BHP Billiton Backs ACICA Arbitration Rules

BHP Billiton’s Vice President of Litigation, Mr Damian Lovell welcomed the introduction of the new ACICA Arbitration Rules designed to speed up the resolution of cross border and international commercial disputes.

From BHP Billiton Plc 1 Sep 2011

Australia Investing Heavily in African Mining

Australian mining companies are increasing their investment in African mines. The Foreign Affairs Minister Kevin Rudd said in a pre-recorded message to more than a thousand delegates at a mining conference in Perth that Australia was committed to sharing its mining experience.

1 Sep 2011

Demand for Products and Services Utilized in Shale Gas Development

There will be a rise in the demand for the products and services that are employed in the development of shale gas to $52 billion during 2015, as the industrial activity persists in shooting up in the budding Fayetteville, Marcellus, Haynesville shale plays.

31 Aug 2011

Sundance Energy Secures Licenses for SE Saskatchewan Drilling Campaign

Sundance Energy has secured the licenses to drill at six sites, where two sites are situated at its Muskowekwan First Nation Permit and four locations are present at its Ochapowace First Nation Permit in southeast Saskatchewan.

31 Aug 2011

RCMP Investigates Bribery Allegations at Canadian Mining Firm Blackfire Exploration

The Royal Canadian Mounted Police (RCMP) are investigating a Calgary based mining company for bribery allegations in Mexico. The Blackfire Exploration Ltd company is said to have made monthly ‘pay offs’ to the local mayor for a mine they operate in the Mexican state of Chiapas, to prevent protestors from interrupting the mining operations.

30 Aug 2011