Mining company Gogebic Taconite wants to develop an open pit mine for iron ore in north Wisconsin. The project would cost about $1 billion and the company has bought an option to lease the mineral rights on 22,000 acres in Ashland and Iron counties.
By Joel Scanlon
18 Nov 2010
Brazilian mining giant Vale SA is looking forward to investing about $10 billion in Canadian Mining. Vale had entered Canada by taking over Inco Ltd, a nickel mining company in 2006. The company had paid nearly $20 billion for the investment however things have not gone too smoothly for Vale in Canada.
Indian mining company Vedanta Resources is going to list its Zambian copper arm on the London Stock Exchange in a bid to raise $1.1 billion as per a statement by the firm on Tuesday. The Konkola Copper Mines are owned 79% by Vedanta Resources.
Vallar of Nathaniel Rothschild and the Bakrie family of Indonesia have joined forces to dominate the booming Indonesian coal exports sector. The publicly traded investment vehicle set up by Nathaniel Rothschild is aiming to create an Indonesian resource champion that would be listed on the London Stock Exchange.
By Joel Scanlon
17 Nov 2010
Indian steelmaker Adhunik Metaliks said that it had commenced operations at three mines in the Indian state of Orissa despite not having received all regulatory approvals to begin the development of the iron ore deposits in the state. The three mines in question are Tentulidihi, Sanpatholi and Kusunidihi.
By Joel Scanlon
17 Nov 2010
Brockman Resources has decided to reject the offer made by the Chinese company Wah Nam International. The iron ore producing company chairman Barry Cusack said that the board of directors would be calling unanimously for share holders to refuse the $930 million offer from the Hong Kong listed company.
Mapungubwe World Heritage Site in the northern province of Limpopo, is the reason why UNESCO is sending in a team of environmental experts to South Africa. The experts will be on ground next week to look into the impact of mining at the World Heritage listed site.
African Gold Group, Inc., (TSX VENTURE:AGG) has reported the analytical results for 4 near surface step out, reverse circulation drill holes from AGG's Kobada, Mali gold project.
AM Gold Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) has announced additional results from its wholly owned Red Mountain Property in central Yukon Territory, Canada.
CHAMPION MINERALS INC. (TSX:CHM)(FRANKFURT:P02) has announced new assay results from the extension of diamond drill hole FL10-21 on the Fire Lake North Claim Block from the Company's Fermont Iron Property in northeastern Quebec.
Eagle Plains Resources Ltd. (EPL:TSX-V) and Providence Capital Corp. (TSX-V:PV) have now completed six diamond drill holes for a total footage of 2368.0m.
Elissa Resources reports that extensive surface exploration on its 100% owned Thor REE Project has defined several strongly anomalous REE bearing discovery zones, all of which are large enough and rich enough to constitute targets of significant exploration interest.
Excelsior Mining Corp. has announced details of the $2.5 million Phase I program planned on the Gunnison Copper Property located within the copper porphyry belt in southern Arizona.
It is with deep regret that First Uranium Corporation announces that a fall of ground accident at its Ezulwini Mine near Westonaria on the West Rand has claimed the life of a mine employee and injured three others.
First Gold Exploration Inc. (TSX VENTURE:EFG)(FRANKFURT:F12)(OTCQX:FGEXF) has reported the results for grab samples taken from three new zones discovered to the south of the Pivert showing.