In a bid to reduce dependency on China's uncertain rare earth minerals supply the European Commission is developing a strategy to help member nations.
By Joel Scanlon
1 Feb 2011
New World Development, a Hong Kong based property developer, is planning to spin-off a Chinese iron ore mining business. The new company will be majority owned by its own infrastructure unit NWS Holdings through a listing on the Hong Kong stock exchange.
By Joel Scanlon
1 Feb 2011
The coal mining industry in Australia is unlikely to return to full production any time soon with cyclones in North Queensland causing even more disruptions. The recent flooding in the state has resulted in the majority of coal mines operating at reduced capacity.
By Dr. Cameron Chai
1 Feb 2011
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.
By Joel Scanlon
1 Feb 2011
Altona Mining Limited is hoping to raise $70 million to fund the development of the Outokumpu copper project in Finland along with exploration at its Roseby copper project in Queensland.
Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) has reported the Mackenzie Valley Land and Water Board has granted a two year extension to Canadian Zinc's Land Use Permit for mineral exploration on the Prairie Creek Property in the Northwest Territories.
SACRE-COEUR MINERALS, LTD. today announced that it has granted a two week extension for completion of due diligence regarding the proposed acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL GOLD N.V. and SEVERSTAL GOLD LLC, affiliates of OAO Severstal (LSE: SVST; RT: CHMF), in accordance with the binding agreement among the parties dated September 21, 2010, as referred to in their joint press release of September 22, 2010.
ArcelorMittal and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 8,410,670 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 of Baffinland.
Moly Mines Limited (TSX:MOL)(ASX:MOL) has provided an update on its project financing activities for the Spinifex Ridge Molybdenum / Copper Project.
BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) has provided an exploration update.
Tengasco, Inc. (NYSE Amex: TGC) announced that it has begun drilling a series of ten wells planned for the first quarter of 2011 on its properties in Kansas targeting oil.
Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) has reported drill results on the S2 Vein, part of its 2010 underground diamond drilling program at the Ying Mine, Ying Mining District, Henan Province, China.
Hana Mining Ltd. (TSX VENTURE:HMG)(FRANKFURT:4LH) has announced results on the first locked cycle tests on sulphide material from the Chalcocite Zone at the Ghanzi Project.
Vale has announced that a new five-year collective agreement has been ratified by the United Steelworkers Local 9508 representing mine and mill operations employees at Voisey's Bay, Labrador. The settlement marks the end of the strike that began August 1, 2009.
Adroit Resources Inc. (TSX VENTURE:ADT)(FRANKFURT:A7V)(BERLIN:A7V) Drilling Progress, Second Drill on Site. Management has announced that the initial 2,000 meter drill programme has been increased to 3,000 meters by awarding a 1,000 meter contract to Laframboise Drilling Inc. to drill the extra 1,000 meters.