Legacy Iron Ore is currently looking for $200 million to fund the mine development at its flagship project called Mt Bevan. The iron ore project is situated nearly 100 km to the west of Leonora in central Yilgarn region.
By Joel Scanlon
30 Jan 2012
The troubled international body charged with handling the prevention of sales of blood diamonds has a new chairman. The United States has appointed career diplomat Gillian Milovanovic to take the chair of the Kimberly Process.
By Joel Scanlon
30 Jan 2012
Fortescue Metals Group is hoping that the government approval for a fifth berth at Port Hedland will come in by next month.
Brazilian mining giant Vale SA, has been charged with $5.6 billion in unpaid taxes in Brazil. The world’s largest iron ore producing company plans to lodge an appeal against the decision.
Caterpillar Inc., the world’s largest producer of construction and mining equipment, saw its fourth quarter earnings rise per share to $2.32 as compared to $1.47 last year.
Areva, the French nuclear group, saw a dip of 2.6% in its sales in the last year. The mining unit of the group managed to soften the blow that the company felt in the aftermath of the nuclear disaster in Fukushima in Japan in 2011.
By Joel Scanlon
30 Jan 2012
Micrex Development, a mineral exploration company, declared the progression of the drilling project at its St. Charles magnetite deposit located in Québec. An aeromagnetic survey conducted before revealed a minimum of 30% increase in the deposit’s size.
By Joel Scanlon
30 Jan 2012
MDN, a mining exploration company, has begun the February drilling program on its Nikonga project located in Tanzania. The program will assess two gold-in-soil anomaly trends of 2 km strike length.
By Joel Scanlon
30 Jan 2012
Imperial Metals, a mine development and operating company, has announced the exploration results from the 2011 surface diamond drill program conducted at its Ruddock Creek property, which is situated 155 km northeast of Kamloops in British Columbia.
Northisle Copper and Gold, a Vancouver-based junior resource company, has declared that the Induced Polarization (IP) Survey conducted on the Island Copper Project’s eastern Rupert Block has identified two IP chargeability anomalies in regions of widespread glacial sedimentary cover.
By Joel Scanlon
30 Jan 2012
Sienna Gold has reported the new drill hole results from the Callanquitas structure, which is located at the Igor project in Peru. The company drilled 1637.1 m, totaling five holes.
By Joel Scanlon
30 Jan 2012
Minsud Resources provides an update on new diamond drill program performed at the Chita Porphyry segment, which is situated in the Chita Valley project in Argentina.
By Joel Scanlon
30 Jan 2012
Positive results have been reported by Riverside Resources from excavator trenching reporting assays of up to 1.4 g/t Au.
By Joel Scanlon
27 Jan 2012
Mineral exploration company, Evrim Resources has released the first assay results from the drill program, which is being conducted at the Suaqui Verde project located in Sonora, Mexico.
By Joel Scanlon
27 Jan 2012
Canadian company, Carmax Mining announced that it has obtained the assay results from 16 of the 25 holes, which were drilled on the Bornite Zone and East Zone target regions of its Eaglehead Cu-Mo project in 2011. The Eaglehead Property is situated in northwestern British Columbia.
By Joel Scanlon
27 Jan 2012