Mining Business News

RSS

Hanlong Mining Acquires Ken Talbot's Stake in Sundance Resources

The late Ken Talbot’s Talbot Group has sold its stake in Sundance Resources to a Chinese company. The 15.95% stake in Sundance Resources was sold for $19.08 million by the group to iron ore explorer Hanlong Mining. The shares were sold at 44c each.

From Sundance Resources Limited 24 Mar 2011

Survival Guide for Australian Miners and their Mining Families

In a bid to help mining families the organization Mining Family Matters has released a report full of useful information to help battle the stress of having a family member working in the mining industry. The co-founder of the organization Alicia Ranford said that choosing to work in the mining industry can not only affect you, but your entire family.

24 Mar 2011

Tom Albanese Says Governments Hindering Mining

The Chief of Rio Tinto Tom Albanese is unhappy at the government interference in the development of new projects around the world. He said that it was the curse of resource nationalism that prevented mining firms from meeting the strong global demand for commodities. He was speaking at a conference in Hong Kong when he said that Rio Tinto had to do a better job of handling deals with government officials.

From Rio Tinto plc 24 Mar 2011

Seadrill Signs Agreement for New Jack-Up Drilling Rig in Singapore

Seadrill has signed agreement with Jurong shipyard in Singapore for building a new jack-up drilling rig.

24 Mar 2011

Cap-Ex Ventures Completes Redmond Properties Acquisition

Cap-Ex Ventures has closed the option agreement with Kal Malhi to acquire Redmond Properties.

24 Mar 2011

NW Tech Capital Executes Option Agreement for New Mining Property in Ontario

NW Tech Capital has executed an option agreement to own 100% interest in a prolific platinum, copper and nickel-bearing property situated in the McConkey Township, Ontario.

24 Mar 2011

Spanish Mountain Gold Signs Protocol Agreement with Williams Lake Indian Band

Spanish Mountain Gold (SMG) signs protocol agreement with Williams Lake Indian Band (WLIB).

24 Mar 2011

Hemisphere Energy Signs Agreement to Buy Jenner Oil Property

Hemisphere Energy signs a $1.1 million worth purchase agreement for an oil producing property in the Jenner area of southeastern Alberta.

From Hemisphere Energy Corporation 23 Mar 2011

Mexus Gold U.S. Ships Diamond Drilling Equipment to Caborca Project in Mexico

Mexus Gold U.S. is a mining company that recovers precious metals like gold, silver and copper. Mexus Gold has shipped drilling equipment that is able to perform diamond core drill operations at the Caborca Mexico Mine site.

22 Mar 2011

Report Says Fewer Jobs in Current Australian Mining Boom

The mining boom has not led to more jobs as per a report from the University of Adelaide. The Australian Institute for Social Research published a report saying that while 12,500 people were given employment in the mining sector in 2007 the numbers fell quite a bit in 2010 with just under 8,000 people getting jobs within the mining sector.

21 Mar 2011