Iran is continuing with its nuclear program despite stiff opposition from the west. The country announced on Sunday that it had used domestically mined uranium to make material for its uranium enrichment for the first time.
By Dr. Cameron Chai
6 Dec 2010
Newcrest Mining Company has decided to suspend mining operations at the Bonikro mine in Ivory Coast. This is a result of the tensions prevalent in the country after the disputed elections which were held recently.
Archaeologists in Chile say they have discovered the oldest mine in the Americas, an iron oxide mine in northern Chile dating back to 12,000 years.
By Joel Scanlon
6 Dec 2010
Rio Tinto is about to make a bid for Riversdale Mining at $15 per share. This would be a $3.5 billion takeover bid made by the British company. There is a likelihood of the move attracting a counter bid from the Brazilian mining giant Vale.
Talison Lithium Limited (TSX:TLH) announces the early commissioning of the Stage 1 expansion at the Greenbushes Lithium Operations and an update on the Stage 2 expansion.
Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that the immediate parent entity of Hanlong Mining Investment Pty Ltd has received the key Chinese government approval in the process toward completing the financing for the Spinifex Ridge Molybdenum/Copper Project.
The Kianika-1 well on the Mandawa PSA in Tanzania has reached the planned depth of 3,040 m. The targeted carbonates of Mid Jurassic Mtumbei formation have been found and with good reservoir characteristics, which confirms the interest for this play in this region.
Mirabela Nickel Limited has provided a production update for October and November 2010.
Southwest China have been successfully drilled to total depth. The Zitong-1 well reached total depth at 4,294 metres (14,088 feet) in the Xu2 Formation and the Yixin-2 well reached total depth at 4,165 metres (13,661 feet) in the Xu3 Formation.
Gryphon Resources Inc. (OTC Bulletin Board: GRYO) today reported that research into worldwide demand for lithium show mixed near term demand, but mid and long term trends appear strong.
Sterlite Industries Limited today announces the completion of the acquisition of the Skorpion Zinc Mine in Namibia from Anglo American plc for a cash consideration of approximately $707 million.
Vale SA the Brazilian mining giant is now mining copper in Chile. It inaugurated the Tres Valles project on Thrusday, which will be Vale’s first copper project in the country. The Tres Valles project is expected to produce 18,500 metric tons of copper cathodes or large sheets of 99.99% pure copper.
The final environmental report for the expansion of the Olympic Dam project has been submitted as per schedule by BHP Billiton. This keeps the project on track for a final approval to be given in the latter half of next year.
Mining giant Rio Tinto said that the Australian government should not make changes to the mining tax as the resources sector will remain vulnerable to political attention especially since commodity prices remain high.
Mining is getting a solid boost in Mauritania with the government handing out a license for a new phosphate mine.
By Joel Scanlon
5 Dec 2010