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
Despite the uncertainly over Australia's proposed super mining tax, based on the hung parliament following the elections held on August 21, Rio Tinto, the world's second largest iron ore exporter has given the green light to their iron ore joint venture with Hope Downs Iron Ore.
By Dr. Cameron Chai
31 Aug 2010
A new study published in the journal, Proceedigs of the National Academy of Sciences, confirms fears that Native Canadians have held for some time relating to the mining of oil sands in Alberta.
By Dr. Cameron Chai
31 Aug 2010
Banks are looking to distance themselves from activities that they think may damage their reputations and bottom lines. One such activity of mountaintop mining practices.
The Mongolian coking coal company Mongolian Mining Corp has been approved by the listing committee of the Hong Kong stock exchange. It was formerly known as Energy Resources and runs the Ukhaa Khugdag mine located 245 km from the Chinese border.
By Joel Scanlon
30 Aug 2010
IMX Resources has finally opened its Cairn Hill Mine located 55 km south east of Coober Pedy. The South Australian Premier Mike Rann officially opened the mine which is being seen as the first of the next generation of iron ore miners in South Australia this century.
By Dr. Cameron Chai
30 Aug 2010
Gold is glittering in the country as the Australian production of the precious metal rose to a six year high in the June quarter.
By Joel Scanlon
30 Aug 2010