Codleco’s No 3 copper mine unionized workers have accepted a new wage offer made to them on Wednesday. This averted a possible strike at the Radomiro Tmoic mine of Codelco, after the 20 day walkout at the nearby giant Collahuasi copper mine had already got the world concerned about Chile’s copper ore supply.
By Joel Scanlon
28 Nov 2010
Xstrata has extended its AUD$515 million offer to Australian iron ore company Sphere by three weeks to the date December 17. The wholly owned subsidiary company of Xstrata known as Sidero already holds 73.1% of the shares in Sphere when the offer closed on November 24.
By Joel Scanlon
28 Nov 2010
In a bid to sort out the stalled sales at a disputed mine in South Africa, the government has asked for iron ore from the disputed portion of the Sishen mine to be sold at cost plus 3%. Disputed mining rights claims are commonplace in South Africa.
By Joel Scanlon
28 Nov 2010
Glenn Agliotti, a convicted South African drug smuggler, has been acquitted of the murder of Brett Kebble, a mining magnate. The trial which began in July after seven postponements ended with the acquittal verdict on Thursday by Judge Frans Kgomo.
By Joel Scanlon
28 Nov 2010
An investment of $10 million will be made by Rio Tinto over the next five years to create a centre to research underground mine construction in Ontario, Canada. The project in partnership with the Centre for Excellence in Mining Innovation (CEMI) will be based in Sudbury Ontario.
A Minister in British Columbia has been accused by the opposition of leaking confidential information regarding a mining company.
Elgin Mining Inc. (TSX-V: ELG) reported that it has acquired 1.8 million common shares of Auracle Resources Inc. by way of a share purchase agreement with certain shareholders of Auracle at a price of $0.02 per common share.
Matamec Explorations Inc. (TSX VENTURE:MAT) announces a comparative study by Wu et al. from the Institute of Geology and Geophysics of the Chinese Academy of Sciences, Beijing, China, published in volume 273, May 2010 edition, of Chemical Geology.
Kria Resources Ltd. (TSX VENTURE:KIA) announces the following update on progress on the Halfmile Mine.
Macarthur Minerals Limited (TSX VENTURE:MMS) has released a 57% increase in the Hematite-Goethite Inferred Mineral Resource estimate for its Lake Giles DSO projects located in Western Australia.
Western Areas (TSX:WSA)(ASX:WSA) has announced the following results from a range of the Company's nickel projects and interests in Australia, Finland and Canada.
Xmet Inc. (TSXV-XME) has reported that the ongoing Duquesne-Ottoman Phase 1 diamond drill program announced on September 7, 2010, has been expanded from 7,000 to 12,000 metres.
White Canyon Uranium Ltd. (TSX VENTURE:WU)(ASX:WCU) has announced that toll milling commenced at Denison Mines Corp.'s (TSX:DML)(NYSE Amex:DNN) White Mesa mill on November 1, 2010 as planned.
Purepoint Uranium Group Inc. (TSX VENTURE:PTU) has announced that it has completed a High Resolution Gradient Aeromagnetic and XDS VLF-EM survey at its 100 percent owned Umfreville North and South Newnham properties.
Nevada Copper Corp. (TSX:NCU) has announced that it will move forward with a 20,000 meter drill program commencing in December which will focus on the expansion of existing resources as well as testing several targets on its 22 square mile Pumpkin Hollow property.