Australian listed company Bathurst Resources (ASX:BTU) is looking forward to developing an open cut coal mine in the Buller region of the west coast of South Island in New Zealand. The company says that the mine would have the highest safety and environmental standards.
By Joel Scanlon
1 Dec 2010
The Saudi Arabian mining joint venture of Ma'aden-Alcoa announced plans to create the first fully integrated aluminium smelter and food grade sheet rolling mill in the kingdom. There are sixteen financial institutions which will provide the $1.9 billion funding required for the project.
The Indian coal deficit will be all the more evident in the coming year. India is currently facing acute coal shortage and will be required to import fuel in even larger quantities in the future. The shortage in the next fiscal year will reach 104 million tonnes as per Sriprakash Jaiswal, the Indian Coal Minister.
By Dr. Cameron Chai
1 Dec 2010
A proposed nickel mine in northern Tasmania is being seen as a source of economic boom for the region. Proto Resources (ASX:PRW) has shown interest in Barnes Hill, near Beaconsfield for the last few years. The company have now been granted a license for an open cut nickel mine in the region.
By Joel Scanlon
1 Dec 2010
Kinross Gold Corporation announced that it would commit $10 million over the next three years to develop a mining school in Mauritania. Tye Burt the president and chief executive officer of the company said that the mining school and training centre would be useful to the mining community.
Stillwater Mining Company has completed its acquisition of Marathon PGM Corp. Each common share of Marathon PGM was exchanged for 0.112 common shares of Stillwater Mining. The takeover was given an approval of 99.98% shareholders of Marathon PGM.
By Joel Scanlon
1 Dec 2010
Platinex Inc. (TSX VENTURE:PTX), is providing additional historic data, as compilation proceeds on the Company's Caswell prospect.
QUEENSTON MINING INC. has announced results from an additional 66 surface diamond drill holes (21,474 m) from the 2010 drill program completed on the 100% owned Upper Canada property located in Gauthier Township, Kirkland Lake, Ontario.
Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that it has commenced iron ore production at Spinifex Ridge, 50km northeast of Marble Bar in the Pilbara of Western Australia.
Lydian International Ltd. (TSX:LYD), a gold-focused mineral exploration and development company, today announced further results from drilling and at its Amulsar gold discovery in Armenia.
Full Metal Minerals (TSX VENTURE:FMM) has announced the 2010 drilling results from the Company's 5,096 meter core drilling program from the Fortymile Silver-Lead-Zinc Property in Eastern Alaska.
Colossus Minerals Inc. (TSX:CSI) has provided an update on development activities at the Serra Pelada Gold-Platinum-Palladium Project, the Colossus-COOMIGASP joint venture located in Para State, Brazil.
Lundin Mining Corporation has announced further high-grade copper intersections at its recently discovered Semblana copper-rich massive sulphide deposit located adjacent to its 100% owned Neves-Corvo mine in southern Portugal.
Rhino Resource Partners LP (NYSE: RNO) announced today that the Illinois Department of Natural Resources has granted a permit to its subsidiary, Taylorville Mining LLC, for an underground coal mine just outside of Taylorville, Illinois.
Stillwater Mining Company (NYSE: SWC) and Marathon PGM Corporation (TSX : MAR) jointly announced today the completion of the acquisition of Marathon PGM by Stillwater.