The floods may not be the worst thing that miners will be facing in Queensland according to the Construction, Forestry, Mining and Energy Union (CFMEU). The CFMEU says that the mine workers in Queensland may also lose their jobs thanks to the heavy rains and floods.
By Dr. Cameron Chai
24 Jan 2011
The coking coal miner's last director to agree to the proposal was Tata Steel’s representative NK Misra. His appointment to the Riversdale Mining board of directors was by virtue to the 24.2% stake that Tata Steel has in the company.
By Dr. Cameron Chai
24 Jan 2011
Petra Diamonds announced on Friday that it is to acquire the Finsch diamond mine located in South Africa from its current owners, De Beers Consolidated Mines for a price of 1.425 billion rand. It has also raised $325 million through a private equity placing.
JP Morgan Asset Management is setting up a new mining based mutual fund. Neil Gregson will manage the new mining sector based fund. Gregson was formerly with Credit Suisse and joined JP Morgan last year. He managed a mining related fund in the previous company and has spent 20 years in the natural resources sector.
By Joel Scanlon
24 Jan 2011
Cougar Energy will be seeking legal advice on its joint venture partner Eneabba Gas as per a statement given to the stock exchange. The two companies had an agreement to develop the Sargon coal tenements in Western Australia.
By Joel Scanlon
24 Jan 2011
Commander Resources Ltd. (TSX VENTURE:CMD) reports that Teck Resources Limited has made a final property payment on the Tam-Misty porphyry copper-gold property in the Omineca mining district.
Constitution Mining Corp. (OTCBB:CMIN) has announced that on January 18, 2011, the Company signed an agreement with Swiss Mining S.A. to start a test-mining production operation on the Company's Gold Sand's project, located in North-East Peru.
LOUNOR EXPLORATION INC. reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area.
Keegan Resources Inc. has announced the latest assay results from its Esaase Project drilling program in southwest Ghana.
Gold Bullion Development Corp. (GBB, TSX.V) has reported that Phase 2 drilling and nearly 11,000 metres of Phase 3 drilling at its 100% owned Granada Gold Property have intersected new mineralized structures throughout the LONG Bars Zone in both the Preliminary Block Model area and the Eastern Extension.
First Point Minerals Corp. (TSX VENTURE:FPX) provides an update on its program exploring for awaruite, a naturally occurring nickel-iron alloy, on seven properties located in central and northern British Columbia.
Skyline Gold Corporation (TSX VENTURE:SK), a company engaged in the exploration of its Iskut River property and development of its Bronson Slope porphyry style gold-copper-silver-magnetite deposit, both located in northwestern British Columbia's 'Golden Triangle', has announced the results of its Fall 2010 surface trenching program at the Snip-1 high-grade gold exploration zone.
Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) has reported drill results on the S7-1 Vein, part of its 2010 underground diamond drilling program at the Ying Mine, Ying Mining District, Henan Province, China.
Fire River Gold Corp. (TSX-V: FAU; OTCQX: FVGCF; FSE: FWR) has announced results obtained from the 2010/2011 28,000 metre drill program at the Nixon Fork Gold Mine situated in Alaska's Tintina Gold Belt.
Dynacor Gold Mines Inc. (TSX:DNG) has announced an operations update. During the fourth quarter 2010, the Company produced 10,478 ounces of gold from its custom-milling plant in Peru, an increase of 101% as compared to Q4-2009 (5,201 ounces).