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.
BHP Billiton is trying to salvage the situation after its Canadian Potash bid fell through. The Chief Executive Officer Marius Kloppers must be disappointed after this third failed proposition. The first two being related to the hostile bid for Rio Tinto and the following iron ore joint venture with Rio Tinto in the Pilbara region of Australia.
By Dr. Cameron Chai
15 Nov 2010
FEI Company (Nasdaq:FEIC), has launched a website for natural resources as part of an increased focus on the mining and oil & gas industries.
Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) today reported that its option partner in central Manitoba on the Tower Property, Rockcliff Resources Inc. (TSXV: RCR), announced earlier today high grade copper-gold mineralization intersected in their first two drill holes (see Rockcliff Resources news November 10, 2010).
Sego Resources reports that it has received a permit for continued work on the Miner Mountain Copper/Gold Porphyry Project.
Century Mining has announced that the Company has entered into an agreement with a syndicate of agents co-led by Haywood Securities Inc. and Byron Capital Markets, and including Union Securities Ltd. pursuant to which the Agents have agreed to offer for sale, on a best efforts private placement basis, up to 12,820,513 units of the Company at a price per Unit of C$0.39 for gross proceeds to the Company of up to C$5,000,000.
IAMGOLD Corporation (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) today reported that during this past weekend the maintenance team has restarted the semi-autogenous grinding mill at the Company's Essakane Mine in Burkina Faso.
Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) announces financial results for the three and nine months ended September 30, 2010 and provides a brief update on our gold projects and corporate activities. All amounts are in Canadian dollars, unless otherwise stated.
DIAGNOS inc. (TSX VENTURE:ADK), a leader in the use of artificial intelligence and advanced knowledge-extraction techniques, announced today it has signed a contract with Creso Exploration Inc. for the analysis of a large geophysical survey in the Shining Tree region based in Ontario.
Fancamp Exploration Ltd. (TSX VENTURE:FNC) has reported that drilling has begun on its 100% owned McFaulds Lake property.
Crazy Horse Resources Inc. (TSX VENTURE:CZH) a Philippines based mineral exploration company, has announced that further to its news release of November 5, 2010, it has completed the acquisition of a 100% interest in the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines consisting of two exploration permits and three exploration permit applications covering an aggregate area of 11,254 hectares hosting an advanced copper-gold porphyry deposit.
Mawson Resources Limited (TSX - MAW; Frankfurt ) Mr Michael Hudson, President & CEO, announces the company has completed the summer and autumn exploration program as previously disclosed at the Company's 100% owned Rompas gold-uranium project in Finland and provides guidance as to timing of assay results.
Nanika Resources Inc. (TSXV-NKA and FSE: C7X) today announced that assay results from the recent diamond drilling completed on Nanika's 100% owned Red Cliff East Property have not returned any significant mineralization.