Fronteer Gold (TSX:FRG)(NYSE Amex:FRG) reports that drilling has extended a second high-grade gold-silver zone at its 100% owned Northumberland project in Nevada and announces that the contract for the construction of an underground decline has been awarded to J.S. Redpath Corporation.
American Manganese Inc. (TSX VENTURE:AMY)(PINK SHEETS:AMYZF), is reporting that a new NI 43-101 compliant Resource Estimate, which incorporates the results of the 2010 drilling program, shows a substantial increase in the amount of manganese contained in the Artillery Peak Project.
Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces third quarter 2010 production of approximately 23,609 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa.
Mongolian Mining Corp is said to have raised US$651 million (HK$5.05 billion) in its Initial Public Offering (IPO) in Hong Kong. 719.4 million shares were sold in the Ulaanbaatar based mining company at Hong Kong $7.02 per share.
By Joel Scanlon
6 Oct 2010
The employees of the mining company Anglo American are getting cash incentives to settle down in Moranbah QLD Australia.
Golden Chalice Resources Inc. (TSX VENTURE:GCR) has announces drill plans for its wholly-owned Radio Hill Iron-Ore project, the western extension of the Company's Timmins West property.
Queensland Rail has seen enormous investor interest in the planned IPO of freight arm QR National. The Queensland Rail chief Lance Hockridge was addressing a business breakfast in Brisbane when he said that the pre-registration for QR National shares would be closing on Friday.
By Dr. Cameron Chai
5 Oct 2010
A terminated shipping contract has cost Fortescue Metals Group US$ 3.7 million. The iron ore miner had cancelled a five year shipping contract with Armada in January 2009. The Singapore based Armada then brought arbitration proceedings against Fortescue seeking alleged damages worth US$70 million.
AMI Resources Inc. (TSX-V Symbol AMU) has received from Newmont Ghana Gold Limited, a subsidiary of Newmont Mining Corporation (NYSE:NEM) an update on exploration activities with respect to Newmont's option to earn into AMI's Anuoro license in Ghana, West Africa.
Goldgroup Mining Inc. (TSX:GGA) has announced that, further to its news release dated September 14, 2010, a 30,000 metre multi-phase drilling and exploration program at its Caballo Blanco gold project in Veracruz, Mexico has commenced.
In the future rare earth minerals needed by many advanced technologies may literally have to come from the moon. Rare Earth Elements of REEs are quite uncommon and the supply on earth is likely to be insufficient for the demand that it generates.
By Dr. Cameron Chai
5 Oct 2010
The 33 trapped miners in Chile will be rescued before October 15 as per the president Sebastian Pinera. He hoped to be present to see the rescue before he left for a trip to Europe later this month. He is scheduled to be in Europe between October 15 and 22.
By Joel Scanlon
5 Oct 2010
West African focused iron ore company Sphere Minerals Ltd. (ASX:SPH) has confirmed that it has not received any rival bid to the one made by Xstrata to its shareholders.
By Joel Scanlon
5 Oct 2010
Talisman Mining (ASX:TLM) is selling two of its iron ore projects to a fellow Perth based company E-Com Multi Limited. The two iron ore projects are at Wonmunna and Uaroo.
Fortescue Metals Group (ASX:FMG) hit an all time high in iron ore exports last month loading more ships than it has ever done in the last two and half years of production.