Xstrata owned Blakesfield mine in New South Wales shut down operations following a fire. There were 50 employees working in the mine when the fire erupted but they were all evacuated safely from the mine as per the spokesman for Xstrata, James Rickards.
By Joel Scanlon
10 Jan 2011
Newcrest Mining is being sued by a member of parliament over its Hidden Valley gold project in Papua New Guinea. The barely three month old mine has seen legal action being filed against it over flood damage to crops being grown in the region.
Canadian company Magnetation Inc. will team up with Cargill Inc to boost its iron ore production from 150,000 metric tons per year to 450,000 metric tons. The exact details of the deal were not revealed by the two companies but Cargill will help Magnetation to take its proprietary separation technology global.
By Joel Scanlon
10 Jan 2011
China Yunnan Copper Australia Ltd has discovered a significant rare earth deposit in northwest Queensland, Australia.
By Joel Scanlon
10 Jan 2011
A bid of $8 billion is expected from Xstrata for Drummond’s Colombian thermal coal arm. The Anglo Swiss mining giant is interested in the company which is the second largest coal mining company of Colombia. It is owned by a family business based in Alabama.
By Joel Scanlon
10 Jan 2011
10 million tons of coal from Mozambique will be imported by Coal India over the next five years as per the director Narinder Khurana. Coal India is the world’s largest coal producer and it has began to explore for coal in the north western part of Mozambique in June.
By Joel Scanlon
10 Jan 2011
Lumina Copper Corp. (TSX VENTURE:LCC) has announced the results of three of the first four holes drilled as part of its 2010 drilling program at its 100% owned Taca Taca copper/molybdenum/gold deposit located in Salta province, Argentina.
Rare Earth Metals Inc. (TSX VENTURE:RA) has given an update on its projects and initiatives planned for the next few months.
Millrock Resources Inc. (TSX VENTURE:MRO) announced today a definitive agreement has been signed with Crescent Resources Corporation for the exploration of Millrock's Uncle Sam property located 75 kilometers southeast of Fairbanks, Alaska in the Tintina Gold Belt. The agreement follows on from a Letter of Intent signed between the companies in October of 2010.
Lake Shore Gold Corp. (TSX:LSG) today announced that the Company has declared commercial production at Timmins Mine effective January 1, 2011.
Xmet Inc. (TSXV-XME) has reported that drilling recommenced on the Duquesne-Ottoman property on January 3rd of this week.
Volta Resources Inc. (TSX: VTR) announces the drill results from the next completed section from its on-going drilling program comprising more than 250 holes for approximately 50,000 meters in the Central Area at its Kiaka Gold Project in Burkina Faso.
Afri-Can Marine Minerals Corporation (TSX VENTURE:AFA) announces that it has received conditional approval from the TSX Venture Exchange regarding the acquisition of the shares of Thyme Investment Ltd, the owner of EPL 3403 marine diamond concession in Namibia, previously announced in a press release dated October 12th, 2010.
Gold Standard Mining Corp. (OTCBB: GSTP), an operator of a producing gold mine in Russia, announced today that it intends to begin a winter drilling exploration program on its Snezhinka Mineral Deposits.
Revolution Resources Corp. (TSX:RV) has announced that significant gold mineralization has been encountered in the first drill holes completed at its Champion Hills Project located in the Carolina Slate Belt, North Carolina.