American Eagle Energy Inc. announced today that it has acquired from Synergy Resources LLC, a private company, all of Synergy's working interests and certain other contractual rights of Synergy, including farm-in rights and rights in and to certain oil and gas leases, as well as all intellectual property and records held by Synergy, in each case relating to the projects and prospects identified as the "Glacier Project", the "Elm Coulee Project", the "Saskatchewan Prospects" and the "Benrude Prospect".
Golden Hope Mines Limited (TSX VENTURE:GNH)(OTCQX:GOLHF) has announced that the 2011 winter diamond drill campaign on the Bellechasse-Timmins gold deposit on the Bellechasse Belt of Southeastern Quebec is currently in progress.
Excalibur Resources Ltd. (CNSX:XBR)(FRANKFURT WKN:A0MMDH) has announced that it has received its Mines Act Permit which authorizes exploration activities on its Silver King and Cariboo properties.
NLMK has won the right to develop the third mining area in the Usinsk coal deposit (Usinks-3) located in the north of the Komi Republic. NLMK was selected following a competition organized by the Subsoil Agency of the Komi Republic. The license fee is RUR900 million. The license granting the right to develop the mine will be obtained within two months.
The Supreme Court of India told the state government of Karnataka that it could not keep up an iron ore transportation ban forever. The ban which was imposed by the state government in an effort to stem illegal mining and export of iron ore was issued last year in July.
By Joel Scanlon
23 Jan 2011
The Ministry of Land and Resources in China has used a mining law to gain direct control of 11 rare earth mining districts in southern China. This will allow the Chinese government greater control over production and export of rare earth minerals that are needed to produce many high tech electronics goods.
By Joel Scanlon
23 Jan 2011
OceanaGold Ltd, an Australian listed mining company, announced on Thursday that its Didipio gold and copper project in the Philippines was on track. Commercial production is being seen possible by early 2013 for the mine as all local laws have been met with compliance.
Kenmare Resources announced that its Moma project mineral concentrate output had increased by 8% in the second half of last year as compared to the first half.
Gem Diamonds has obtained a mining license to explore the Gope diamond deposit located in the Central Kalahari game reserve in Botswana. The awarding of the license has brought about a sharp reaction from environmentalists such as Survival International.
For Newmont Mining the preliminary results for output of gold and copper production in 2010 are higher than in 2009. The compnay produced 5.4 million ounces of gold and 327 million pounds of copper in 2010. While the gold produced was marginally more there was a 45% hike in the production of copper when compared to 2009 figures.
China North East Petroleum Holdings Ltd. (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced it entered into a binding agreement to acquire Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd., an operator with exclusive oilfield exploration and drilling rights to the Durimu oilfield in Inner Mongolia.
Adex Mining Inc. (TSX VENTURE:ADE) has announced results from its zinc/indium hydrometallurgical pilot test program being conducted at the pilot facilities of Thibault and Associates Inc. in Fredericton, New Brunswick.
Paget Minerals Corp. (TSX VENTURE:PGS), today announced that it has increased its equity investment in Trident Gold Corporation, a private company engaged in Colombian gold exploration.
Majestic Gold Corp. (TSX VENTURE:MJS)(FRANKFURT:P5E) has announced that Wardrop, A Tetra Tech Company, has completed and delivered a positive Preliminary Assessment for the Songjiagou Gold Project located in Shandong Province, People's Republic of China.
Southern Andes Energy Inc. (TSX VENTURE:SUR), has announced the discovery of high grading uranium mineralization from preliminary work on its Tupuramani concession in the Macusani Uranium District, Southeast Peru.