The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.
By Dr. Cameron Chai
21 Nov 2010
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
By Dr. Cameron Chai
21 Nov 2010
China may have competition from the U.S. as a supplier of Rare Earth Elements (REE). The fact that China is currently the world’s largest supplier of Rare Earth Elements with more than 90% of market share was brought home drastically when it put a temporary ban on the export of these minerals some weeks ago.
By Dr. Cameron Chai
21 Nov 2010
Beaconsfield gold mine has managed to avert being sent into administration as its main money lender Minemakers threatened to revoke its $8.5 million loan. Minemakers was unhappy with the debt levels of the Tasmanian mine and wanted restructuring.
Quadrem, a global mine supply network has been purchased by Ariba Inc for $150 million. The company which was launched a decade ago by 15 metal and mining companies has been sold to supply chain and collaborative business commerce vendor Ariba.
By Joel Scanlon
21 Nov 2010
China Gold International Resources Corp. Ltd. (TSX:CGG) confirmed today that it has filed on Sedar a final prospectus, in respect of the previously announced global offering of 53,660,000 of its common shares concurrent with the Company's public listing of Common Shares on The Stock Exchange of Hong Kong.
Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) has announced that Phase 1 diamond drilling has commenced on its 100% owned, high-grade Virginia Silver Project located in the prolific epithermal Province of Santa Cruz, Argentina.
LOUNOR EXPLORATION INC. reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area.
Harvest Gold Corporation (TSX VENTURE:HVG) has announced that it has staked 125 100% owned unpatented lode claims on the south pediment of the Roberts Mountains in Eureka County, Nevada.
Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN 904435) has completed a field program at the 3584-hectare Pipestone Vanadium Project at Cross Lake, about 150km south of Thompson, Manitoba.
Gold Bullion Development Corp. (GBB, TSX.V) has reported that it has intersected significant mineralization northeast and southeast of its LONG Bars Zone Preliminary Block Model at the Granada Gold Property in northwestern Quebec, demonstrating the growing magnitude of the LONG Bars Zone Eastern Extension.
Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA) has today filed and received a receipt for a final short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec, and a corresponding registration statement on Form F-10/A with the United States Securities and Exchange Commission.
First Uranium Corporation has announced that the notice suspending operations in the underground workplaces issued pursuant to section 54 of the Mine Health and Safety Act (South Africa) by the Department of Mineral Resources (DMR) on November 16, 2010, has been lifted.
First Lithium Resources Inc. has announced that it has entered into an option agreement with Newcastle Minerals Ltd. to acquire up to a 75% interest in their Mollie River claims, approximately 4 km from the western edge of Trelawney Mining and Exploration Inc.'s Chester Gold Complex.
EAGLECREST EXPLORATIONS LTD. (TSX VENTURE:EEL)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) announced today a non-brokered private placement of up to 20,000,000 units at a price of C$0.30 per unit for a gross proceeds of up to C$6,000,000.00.