Mountain Province Diamonds Inc. (TSX: MPV, NYSE AMEX: MDM) today announced the results of an independent feasibility study dated October 15, 2010, on the Gahcho Kué diamond project located in Canada's Northwest Territories.
Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) has announced that an interpretation of the results from the recently completed drill program on the Goulagou I gold deposit has significantly increased the size of the mineralized footprint.
Golden Queen Mining Co. Ltd. has announced that it has initiated a drill program on its Soledad Mountain property.
Wealth Minerals Ltd. (TSX VENTURE:WML)(FRANKFURT:EJZ), has announced that it has initiated an aggressive exploration, resource verification and expansion program at its high-grade Rodeo de los Molles rare earth element project in San Luis Province, Argentina.
LOUNOR EXPLORATION INC. reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area.
BonTerra Resources Inc. (TSX VENTURE:BTR) (FRANKFURT:9BR) announces the receipt of its drill permit for the Eastern Extension Property in the Urban-Barry Greenstone Belt of Quebec.
Athabasca Uranium Inc. has announced that it has entered into an agreement with an arm's-length vendor by which the Company has the option to earn a 100% interest in the McGregor Lake Property in northeast Saskatchewan.
Sterling Group Ventures, Inc. (OTCBB:SGGV)(FRANKFURT:GD7) has advised that it has signed two agreements dated October 18, 2010 with Chenxi County Hongyu Mining Co. Ltd. and its shareholders relating to the Gaoping phosphate mine located in Chenxi County, Hunan Province, China and other phosphate resources located in Hunan.
Anglo American mining company headed by CEO Cynthia Carrol reported an increase in its third quarter production for most commodities. In an overall consistent performance the company has seen increased productivity in the quarter ending September 2010.
Papua New Guinea has approved a deep sea mineral mine causing scientists and indigenous people to react with alarm. The new mine is to be run by a Canadian company called Nautilus Minerals. The approval was licensed by the prime minster of Papua New Guinea, Mr Michael Somare today.
By Dr. Cameron Chai
22 Oct 2010
Freeport-McMoRan Copper & Gold Inc has reported a 27% rise in third quarter profits as revenue was boosted by higher metal prices. The spot market prices for gold have risen to record highs and they account for the largest share of the company's revenue despite gold sales volume being less in the third quarter.
By Dr. Cameron Chai
22 Oct 2010
Iron ore exports in India saw the sharpest monthly drop that they have had in 2 years in September as exports dropped by 47%. India shipped 3.02 million tonnes of iron ore in September 2010 as compared to 5.7 million tonnes in September 2009.
By Dr. Cameron Chai
22 Oct 2010
Local opposition in the west Canadian province of Saskatchen to the BHP Billiton bid is growing with premier Brad Wall supporting the levy of a provincial resource transfer tax on BHP Billiton worth Canadian $3 to 6 billion. He said that they have to get the right number to make sure that the revenue of Saskatchewan is protected.
Lara Exploration Ltd. (TSX VENTURE:LRA) has reported that it has signed an Agreement whereby Codelco do Brasil Mineração Ltda., may earn up to a 75% interest in the Company's Liberdade Copper Project, in the Carajás District of northern Brazil.
Reservoir Capital Corp. (TSX VENTURE:REO)(FRANKFURT:ROC)(BERLIN:ROC) has reported that it has completed a Letter Agreement whereby Dublin-based Orogen Gold Limited can earn up to a 75% interest in the Company's Deli Jovan Gold Project by investing $3.5 million in exploration expenditures within 42 months.