Newcrest Mining Ltd. (ASX:NCM) has recorded a 32% increase in its Q4 2009/2010 production. A year ago it produced 397,826 ounces of gold in the same quarter, and this year it produced 526,131 ounces of gold.
Canadian Gold mining company Argonaut Gold (TSX:AR) has recorded an increase of 57% in gold production in the second quarter. Argonaut produced 10,062 oz of gold during this time frame.
By Dr. Cameron Chai
21 Jul 2010
First Quantum Minerals (TSX:FM), a Vancouver, British Columbia based mining and metals company, is facing a drop in production over the political uncertainty of its future of mining in Congo.
The National Mining Association (NMA), representing the interests of mining industry in the U.S., filed a law suit Tuesday against the U.S. Environmental Protection Agency (EPA) and the Army Corps of Engineers, claiming the agencies are "unlawfully obstructing permitting of coal mining operations" in Central Appalachia.
By Joel Scanlon
21 Jul 2010
Confusion over New Zealand's mining rules are causing the mining industry heartache. The recent change on the stance of mining on conservation land by the government has not gone down favorably.
By Joel Scanlon
20 Jul 2010
BHP Billiton (ASX:BHP) says that despite its petroleum and iron ore divisions having both achieved their annual production records, the mining giant is continuing to err on the side of caution about the short term outlook for the global economy.
Aquarius Platinum (ASX: AQP) shares which had tumbled yesterday after the government in North West Province, South Africa proposed rules limiting 'carve out' of underground mine caverns, recovered today.
By Joel Scanlon
20 Jul 2010
Santos (ASX:STO) has secured loans worth $2 billion from nine banks for its liquefied natural gas (LNG) plants in central Queensland and Papua New Guinea. The construction of the Gladstone project in Australia and the new one in Papua New Guinea are expected to benefit from the loan.
Paladin Energy Ltd (ASX:PDN) is in talks to take over NGM Resources Ltd (ASX: NGM). NGM is a diversified mineral exploration company with a focus on uranium and base metals.
Chevron has signed a deal to supply liquefied natural gas (LNG) to a Korean Gas company from its Wheatstone project off the Pilbara in Australia's North West.
Iluka Resources (ASX:ILU) has seen a 53 % growth in revenues in the second quarter of 2010. The sales revenues before hedging have reached $229 million. A year ago sales revenue were at $124 million.
Fortescue Metals Group Ltd. (ASX:FMG) has reported a hike in iron ore shipments in the June quarter this year as compared to the year before. FMG has shipped 11.04 million tonnes of ore in the June Quarter in 2010 which is a 36 per cent increase from the corresponding figures of last year.
The upcoming Australian Federal elections may decide the fate of the controversial mining law in Australia. While mining industry heads do not wish to publically politicize the situation, they are privately hoping for a change of government.
By Dr. Cameron Chai
20 Jul 2010
Troubles ahead for Indian steel giant Arcelor-Mittal and South Africa's Kumbra Iron Ore in the ongoing contractual dispute between the two companies. The dispute is turning into an all out war between the South African steel industry and the Indian company.
By Joel Scanlon
20 Jul 2010
A potential copper and gold deposit in Balochistan, Pakistan has attracted a fresh investment of $3.2 billion via a joint venture. The joint venture comprises of Barrick Gold Corporation from Canada and Tethyan Copper Company from Chile.