The job situation in South Australia has improved in the mining sector with mining contractor Thiess being hired to work on OZ Minerals’ Prominent Hill mine.
Rio Tinto is expanding its iron ore operation in Pilbara and is going to spend $3.4 billion to do so. The Western Australia mining operations are to be boosted to help the company meet the target of a 50% increase in iron ore production.
BHP Billiton has hit record earnings boosted by iron ore production. The mining giant with a highly diversified portfolio that includes iron ore, coal, copper, zinc, diamonds, oil and natural gas has posted a profit of US$9.9 billion for the first half of the 2012 financial year.
The government of Chile is getting ready to promote its lithium mining industry by auctioning new lithium mining contracts. Chile is currently the world’s largest producer of copper and also has a quarter of the world’s known deposits of lithium.
By Joel Scanlon
8 Feb 2012
In a historic decision Xstrata and Glencore International have agreed to a merger forming a new company with a market value of $90 billion.
By Joel Scanlon
8 Feb 2012
Copper One has reported the drilling results from the fall 2011 core program conducted at the Lone Mountain project, which is located between operating Tyrone and Chino mines of Freeport McMoran, in USA.
By Joel Scanlon
8 Feb 2012
North American Tungsten (NTC) has released the results from the ongoing underground diamond drilling exploration conducted at the Cantung tungsten mine, Northwest Territories.
By Joel Scanlon
8 Feb 2012
Red 5 Limited, an Australian listed mining company has made a production output forecast of 850,000 ounces of gold over a period of 11 years from the Siana project.
Nevada Gold Corp. has restarted production at its Nevada mine. The Jerrit Canyon gold mining operation in the state had been shut down for installation of new equipment and other maintenance issues since January 6, 2012.
By Joel Scanlon
7 Feb 2012
Premier Gold Mines hopes to acquire two patented claim groups situated in the East Bay ultramafic trend in Red Lake. Both claim groups are close to the Footwall Zone on the East Bay Project. This is an active joint venture that the company runs with partner Red Lake Gold Mines.
Brazil’s Vale SA is restarting work at its Ontario mines after suspending operations last week following the death of a mine worker.
White Tiger Gold has announced the commencement of Long Hole ore production at Lamaque from the North Wall mines.
By Joel Scanlon
7 Feb 2012
Xcite Energy, a fully owned subsidiary of Xcite Energy Resources, has announced that its existing rig contract with British American Offshore, a subsidiary of Rowan Companies has been amended.
By Joel Scanlon
7 Feb 2012
Minco Gold has provided an update on the Tugurige Gold Project. The company had earlier announced that it had entered into a joint venture with 208 Exploration Team, which is a subsidiary of China National Nuclear Corporation through its own 100% subsidiary Minco Mining.
By Joel Scanlon
7 Feb 2012
UK based Cluff Gold has announced that it has entered into a conditional sale and purchase agreement with Orezone Gold Corporation to acquire all the licenses and related property of the Sega Gold Project owned by Orezone Gold, which is located at a distance of 20km from the Kalsaka project owned by Cuff Gold in Burkina Faso.
By Joel Scanlon
7 Feb 2012