Renaissance Gold Inc. (TSX VENTURE:REN) has reported the signing of a new exploration earn-in agreement with Newmont Mining Corporation on the Company's Wildcat gold exploration property located approximately 35 miles northwest of the city of Delta in Juab County, Utah.
Rio Cristal Resources Corporation (TSX VENTURE:RCZ)(BVLAC:RCZ) announces that it has signed an Option Agreement on a highly prospective copper oxide project located in southern Peru.
The management of Vantex Resources Ltd (TSX VENTURE:VAX) has announced the completion of 6 new drill holes for a total of 1,750 metres, in the area of the Moriss showing where a new gold discovery was announced by press release on October 8, 2010 (Drill hole VPE10-02 - 5.81 g/t Au over 4.75 metres).
Rio Tinto Alcan says that it will invest $10 million in the expansion of the Vaudreuil Works alumina refinery in Jonquière, Quebec.
At the newly re-opened China Non-Ferrous Metal Mining Luanshya copper mine in Zambia more than 800 workers may lose their jobs. Mine workers will go on a recess as the management has taken a decision to temporarily close the mine for maintenance works.
By Joel Scanlon
14 Nov 2010
Dubai is looking forward to new energy options such as clean coal and nuclear power. Currently the Middle East nation generates almost all of its energy by burning natural gas. It hopes to generate 20% from clean coal and another 20% from nuclear energy in the future.
By Joel Scanlon
14 Nov 2010
TransAlta Corp has said that it intends to build a natural gas extension to its Sundance Coal Plant in Alberta. The combined cycle plant will replace the power generated by a coal fired generator at its facility near Edmonton.
By Dr. Cameron Chai
14 Nov 2010
Vedanta Resources (LSE: VED) has posted a 79% growth in net profit to $337 million for the first half ending on September 30, 2010 as compared to $188.2 million in the corresponding period last year. The operating profit was also higher for the company.
Australian Prime Minister Julia Gillard and Russian President Dmitry Medvedev met seperately on Thursday at the G20 leaders summit to sign an agreement on nuclear energy. The deal will involve Australia selling uranium to Russia under strict safeguards.
By Joel Scanlon
14 Nov 2010
Japan will be sharing its lithium expertise with Bolivia. The Andean country will be helped in conducting research which will lead to industrialisation of its lithium wealth as per the state-run Bolivian Mining Corporation.
By Joel Scanlon
14 Nov 2010
The price of copper ore shot up to a record high riding on the Chinese demand wave. The benchmark copper contract went up by 2.5 % on the London Metal Exchange to a record value of $8,966 per tonne. This went beyond the 2008 record price of $8,940 per tonne.
By Dr. Cameron Chai
14 Nov 2010
AngloGold Ashanti and Independence Group NL have approved the Tropicana Gold Project Development. AngloGold owns 70% stake in the project and Independence Group holds the remaining 30%.
Rio Tinto Alcan will invest US$10 million in the expansion of the bauxite residue containment site at its Vaudreuil Works alumina refinery in Jonquière, Quebec, Canada.
Lake Shore Gold Corp. (TSX:LSG) today announced results from an additional 52 holes (6,663 metres) of drilling from the 260, 610 and 650 levels of the Timmins Mine.
Mountain Lake Resources Inc. (TSX-V: MOA) has reported that drilling has commenced on the Little River Gold Property, located in southern Newfoundland.