Timberline Resources Corporation (TSX VENTURE:TBR)(NYSE Amex:TLR) has reported on the progress and results of its drilling and metallurgical testing at its South Eureka Property, a sediment-hosted gold project located in the prolific Battle Mountain Eureka Trend in Nevada.
Mr. Harvey Keats, Chief Executive Officer of Donner Metals Ltd. (TSX VENTURE:DON)(FRANKFURT:D4M) reports drill results from the ongoing exploration programs in the Matagami Camp.
Belo Sun Mining Corp. (TSX VENTURE:BSX) has announced the results of 7 additional drill holes from the diamond drilling program at the Volta Grande Gold Project located in Para State, Brazil.
Corex Gold Corp. (TSX VENTURE:CGE) has announced that two new gold zones have been identified on its Santana Property, located in Sonora State Mexico.
Radius Gold Inc. (TSX-V: RDU) has reported that its joint venture partner in Nicaragua, B2Gold Corp., has completed an extensive trenching program at the Trebol gold project in northeast Nicaragua, and is preparing for a diamond drill program, to commence late 2010 or in January 2011.
AQM Copper Inc. (TSX VENTURE:AQM)(BVLAC:AQM) announces more positive drill results from the Zafranal project located in the northwestern extension of the Southern Peru Copper Porphyry Belt near the city of Arequipa.
The successful rescue of 33 miners who were trapped underground for nearly two months in Chile is likely to be made into a Hollywood movie.
By Dr. Cameron Chai
15 Nov 2010
The Essakane Mine in Burkina Faso has re-commenced operations as IAMGOLD Corp announced that the maintenance crew has restarted the semi-autogenous grinding (SAG) mill at the mine. The SAG mill restart attempt on Monday had seen the variable frequency drive fail. This had resulted in a temporary blackout in the generating station.
Powertech Uranium Corp, a Canadian company, is suing the state of Colorado through its South Dakota subsidiary, Powertech USA Inc. The action was filed on Nov 1, 2010 in the Denver District Court. It contends that the state has now adopted rules to keep groundwater clean which are "unreasonable".
By Joel Scanlon
15 Nov 2010
The strike of the union workers may have entered its 10th day but the copper output at the Collahuasi Mine remains constant. The mine located in northern Chile is owned by Anglo American and Xstrata. It is the fourth largest copper mine in the world.
Mining giant Xstrata is all set to invest $6 billion in three iron ore projects located in Mauritania. The investment of the Zug, Switzerland based mining giant will be made through Sphere Minerals Ltd. The investment will help Mauritania to produce 50 million metric tons of the steel making ingredients annually.
By Joel Scanlon
15 Nov 2010
Reliance Power has received the go ahead from the Indian government for its project in the state of Jharkhand. The proposed Rs. 20,000 crore project has been granted initial clearances for coal mining.
By Dr. Cameron Chai
15 Nov 2010
Anglo American has made £589 million from the sale of two steel processing plants. This is part of a series of sales that it is initiating to reduce businesses which are not essential to its growth. The two steel plants sold to the Australian company One Steel are located in Chile and Canada.
By Dr. Cameron Chai
15 Nov 2010
In Afghanistan the old meets the new in a bizarre fashion. At an archaeology site where a 2,600 year old Buddhist monastery is being excavated, a Chinese company waits in the wings to exploit the copper mineral resources below. The archaeologists are working on top of the second largest unexploited copper mine in the world in Mes Aynak.
The Australian government has seen the proposed mining tax being criticised and slammed by the mining industry and analysts but it remains committed to seeing it passed into law. The federal treasurer Wayne Swan said that they would fight for it in the parliament as it was good for the economy.