Kinross Gold Corp is hoping that Red Back Mining’s Tasiast mine located in the African nation of Mauritania is going to be substantially bigger than it is today. That is why it is asking Institutional Shareholder Services to back its friendly combination with Red Back Mining Inc.
The call to reject the Prosperity Mine proposal has received strong support from the Union of British Colombia Indian Chiefs in Canada. It is also supported by the Tsilhqot'in Nation, Esketemc First Nation, Canoe Creek Band and the Northern Shuswap Tribal Council.
Harry Winston Diamond Corporation is studying a different underground mining method which has the potential to reduce the costs of operations at the Diavik diamond mine. This new technique may allow them to explore recently discovered regions where mineralised kimberlite reserves have been identified.
A study released by the NMA on Thursday said that the EPA researchers in West Virginia did not prove that environmental harm was caused by mountain top mining. It also said that the study by the EPA was based merely on one organism, a type of mayfly.
By Joel Scanlon
2 Sep 2010
Patriot Coal Corp. is going to have to spend millions of dollars on a selenium clean up drive at two of its surface coal mines in West Virginia as a federal judge has ordered them to clean up the pollution they have caused.
Philex Mining Corp is looking to investment $5.2 billion in the Tampakan project in the Philippines. In a disclosure made by the COO and President Jose Ernesto C. Villaluna Jr to the Philippine Stock Exchange he mentioned that the company is constantly looking at all investment opportunities.
Ascot Resources, a Canadian mining company is hoping to drill near Mount St. Helens to determine if it is a viable site for mining minerals. The site is about 12 miles from the volcano.
The Mali government is hoping to attract new investments in the mining industry with its new mining code.
By Joel Scanlon
2 Sep 2010
Keeping illegal mining under check is turning out to be the next big challenge for the Indian state of Karnataka. The government is also going to install more checkposts and increate investigative squads to check the illegal mining and exports of iron ore.
By Dr. Cameron Chai
2 Sep 2010
Chile is reforming the mining tax on the mining industry and as the world’s largest producer of copper it will be able to raise close to a billion dollars over the next three years if the new tax bill is passed.
Medusa Mining has reported its full year net profit at a record 131% up at $65.8 million. The Philippines mine operator has seen its revenue increase by 121% to $94.6 million thanks to the increased production and higher sale price for gold. The production boost at its flagship Co-O mine has contributed in a large way to its financial records.
IronClad Mining Ltd is hoping to get the native title agreement for a new magnetite mine in South Australia. This is the second of four new mines that expect to begin operations by the end of 2010 in South Australia.
By Dr. Cameron Chai
1 Sep 2010
Canadian-based mining and metals company First Quantum Minerals, is facing charges of embezzlement in an investigation opened by the government of the Democratic Republic of Congo. The Canadian mining firm is being allegedly investigated for Tax fraud.
Toronto-based Lundin Mining, a diversified base metals mining company has boosted its copper reserves and resources at its Nerves-Corvo mine in Portugal as per its six monthly update. The Toronto based mining company reported its resource and reserve estimates on June 30 for its European and African mines.
The Singapore Exchange Ltd is considering offering non-ferrous metal futures contracts for trading on its derivitives market.
By Joel Scanlon
31 Aug 2010