Rio Tinto is now thinking of moving its ore transportation to driverless trains. The mining giant has lined up an investment of $518 million for such trains. It does cast a shadow on the future of its current 500 plus train drivers in the Pilbara region.
Caledonia Mining Corp is to divest 51% of its Blanket gold mine to Zimbabweans. The $30 million deal was announced on Monday. This agreement allows Caledonia to meet the new foreign ownership rules that came into effect in 2010 in Zimbabwe.
By Joel Scanlon
21 Feb 2012
The Spring Creek Mine near Greymouth, New Zealand has been shut down by safety inspectors. Solid Energy is to explain the mine safety failures before the Department of Labor decides to lift the ban on underground work in the mine.
By Joel Scanlon
21 Feb 2012
IronClad Mining is flush with would be investors as it develops its Wilcherry Hill project. Investors have woken up to the potential of the company as it goes from being the second smallest mining company to developing one of the most advanced iron ore projects in South Australia.
By Joel Scanlon
21 Feb 2012
Integra Mining finds new potential at the Aldiss Gold project. The Australian listed mining company has identified three new gold trends that have the potential of establishing a standalone mining and milling operation at the project.
By Joel Scanlon
21 Feb 2012
Orvana Minerals, a multi-mine copper and gold producer with assets in Michigan, Eastern Bolivia and Northern Spain has announced that the company has received the draft mining permit from the Michigan Department of Environmental Quality for the Michigan-based Copperwood copper project.
Citation Resources, a Canadian mining company based in Vancouver, has announced that the company has positioned a geological field crew at the Biricu Property located in Mexico’s Guerrero Gold Belt in Morelos State as well as inaugurated a reconnaissance exploration program.
By Joel Scanlon
21 Feb 2012
Magma Metals announced that it has started a winter drilling program at the Thunder Bay North project located in northwest Ontario, Canada.
By Joel Scanlon
20 Feb 2012
Carlisle Goldfields, a Canadian-based mining & exploration company with silver and gold projects in Ontario and Northern Manitoba, has announced the assay results from its MacLellan Mine Project located near the Town of Lynn Lake in Northern Manitoba.
By Joel Scanlon
20 Feb 2012
Woulfe Mining, a Canadian company with mining licenses for gold, tungsten, uranium-vanadium and molybdenum in South Korea, has announced the assay results for three sample batches of the Sangdong drilling program completed in 2011. The results will be used to estimate Feasability Study resource.
By Joel Scanlon
20 Feb 2012
Wind River Energy has announced that it has completed certain geological and engineering studies.
By Joel Scanlon
20 Feb 2012
Miocene Metals has declared the extension of the MacKenzie property size by eight times from 36.3 to 299.03 sq. km, after receiving the 2011 summer work program results.
By Joel Scanlon
20 Feb 2012
Hunter Bay Minerals has inked an agreement to conduct diamond drilling for 5,000 m at the Sela Creek project in Suriname.
By Joel Scanlon
20 Feb 2012
All American Gold has reported the update on its Belleville project and has planned the drill program.
By Joel Scanlon
20 Feb 2012
Ecuador does not want to sign a mining deal with Kinross if it means re-negotiating terms, said the Energy Minster, Wilson Pastor. However the Canadian mining company wants to re-negotiate the terms of a tentative agreement for the Fruta del Norte gold project.
By Joel Scanlon
19 Feb 2012