Copper Futures have risen to a 26 month peak on the second straight day on Wednesday. Copper for December delivery HGZ0 ended up 2.65 cents at $3.7530 per lb on the COMEX metals division of the New York Mercantile Exchange.
Gold prices have settles at a 14th record high in Gold Futures this month. The weak dollar and fears of inflation combined with currency debasement have pushed up silver along with gold futures.
Treasurer Wayne Swan refused to release the figures and assumptions relating to the Minerals Resource Rent Tax (MRRT) despite a Senate order. He said that to do so would damage the economy and it would be grossly irresponsible. The Gillard government is standing by the Treasury estimated of the MRRT raising $10 billion from the mining sector.
Troymet Exploration Corp. has updated progress on its 100% owned, 7,882-hectare Key property, which is located 125 km southwest of Vanderhoof, British Columbia.
Resource definition drilling continues to progress successfully on bulk-mineable gold deposits in the San Francisco area discovered by Paramount Gold and Silver Corp. in December 2009. Earlier drilling focused on the South and North San Francisco zones which have expanded steadily as reported in news releases dated January 7, March 8 and June 17, 2010.
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has submitted an Application for a Permit to Drill one exploration well in the Beaufort Sea in 2011.
AmeriLithium Corp. (OTC Bulletin Board: AMEL) is pleased to announce rough preliminary volume estimates of up to 26,000 tons of potential Lithium resource underlying the Company's Paymaster Canyon Lithium brine project in Nevada, USA.
Rio Tinto announces trial of a new tunnelling system partnering with Aker Wirth.
The first of three new underground excavation systems is now ready for full scale performance verification trials at Northparkes' copp...
Paget Minerals Corp. (TSX VENTURE:PGS) has announced that it has discovered a zone of higher grade copper-gold mineralization of up to 1.34 grams per tonne gold (g/t Au) and 0.57% copper (Cu) extending up to 1.5 kilometres south of existing drilling on the Company's 100-per-cent-owned Mt. Dunn copper-gold (Cu-Au) porphyry property, located 70 kilometres northwest of Stewart, BC.
Laurion Mineral Exploration Inc. (TSX VENTURE:LME)(OTCBB:LMEFF) ("Laurion") is pleased to provide a detailed update on the Company's exploration and drilling programs on the Sturgeon River Property in Beardmore, Ontario.
Hinterland Metals Inc. (TSX VENTURE:HMI) is pleased to announce that it has staked an additional 106 claims adjacent to its Ballarat gold property located approximately 100km due south of Dawson City in the White Gold District of Yukon. Included in this staking are several key fractional claims located at the northwest corner of the property
HARTE GOLD CORP. ("Harte") (TSX VENTURE:HRT)(FRANKFURT:H4O) is pleased to announce assay results of up to 28.3 g/t from recent trenching and sampling at the new disseminated sulphide, meta-sediment, gold discovery on the Sugar Zone Property.
Encore Renaissance Resources Corp. (TSX VENTURE:EZ), (FRANKFURT:OUH1), (PINK SHEETS:ERRCF) Encore Renaissance Resources Corp. (the "Company" (TSX VENTURE:EZ) reports the private placements for the sale of 13 million units, raising a total of $1.3-million, have been fully subscribed.
Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) - Ecometals Limited announces receipt of analytical results from drill hole RZDDH10-07 and RZDDH10-08 on the Rio Zarza gold project in Ecuador.
Global demand for construction and mining machinery/equipment began to plummet in 2008 due to the global economic downturn that severely affected the construction industry worldwide. Decline in demand continued through 2009 and 2010, as spending on new construction activity continued to slump