Regal Resources has signed a definitive purchase agreement with Minquest based in Reno Nevada to fully acquire the Patagonia/Sunnyside project. As per the agreement, Regal Resources will pay a total sum of $800,000 out of which $100,000 will be paid as a non-refundable deposit within three working days of signing the agreement.
By Joel Scanlon
7 Feb 2012
Canadian explorer and producer of gold, Alhambra Resources has announced that it has completed remote sensing and magnetic surveys on an area covering 1,360 km² on the Dombraly-Shirotnaia trend, which is located at the South eastern section of the Uzboy Project area.
By Joel Scanlon
7 Feb 2012
Harvest Natural Resources, a Texas-based independent energy company, has declared that the Al Ghubar North-1 (AGN-1) exploration well located onshore Oman has been drilled to 10,482 ft of total depth (TD).
By Joel Scanlon
7 Feb 2012
C&C Energia has completed and examined the Neme Formation that is located in the Cachalote-1 well in Colombia. The well will be abandoned. Neme sandstone was intercepted for 271 ft in the Cachalote-1 well.
By Joel Scanlon
7 Feb 2012
According to the new research, the mining industry gets a world-first technology for the miners’ safety and better health, enhanced ecological benefits and usage of energy, and production efficiencies.
A development stage mining and exploration company, Solo International has announced the expansion of the Quebec REE project by 60 ha. The additional hectares lie adjacent to Solo International’s Philadelphia Prospect.
By Joel Scanlon
7 Feb 2012
Tigray Resources, a Canadian mineral exploration company has released the report on the diamond drill project at Terakimti. It is part of Tigray’s Harvest Project, a 70 % owned venture with Ethiopian company Ezana Mining Development and spans over six concessions in Ethiopia.
By Joel Scanlon
7 Feb 2012
Mogul Energy, an oil and gas exploration company based in Houston, Texas, has announced the initiation of drilling operations on the fourth well project. The commencement began with the spudding of the Kunitzwell #1, located in the North Pasture Field, San Patricio County.
By Joel Scanlon
7 Feb 2012
The African National Congress (ANC) may have decided that nationalization of all the mines in the country is not financially possible but that has not deterred it from planning a ‘super tax’ on mining.
By Joel Scanlon
6 Feb 2012
Engineering company Downer EDI has been awarded a $570 million contract for providing its services at the Karara iron ore project.
By Joel Scanlon
6 Feb 2012
The government of Zimbabwe has raised the mining and license fees from between 500 to 5000% as per the state controlled local media.
By Joel Scanlon
6 Feb 2012
Technology is catching up with the mining industry. Soon many mining operations in lonely and desolate areas could be carried out by automation with control centers a few hundred kms away in the cities.
By Joel Scanlon
6 Feb 2012
IronClad Mining has hired the former Brockman Resources Managing Director, Wayne Richards. Mr Richards is to join IronClad mining six months after an international search was initiated by the company for a new executive.
By Joel Scanlon
6 Feb 2012
Tanzanian Royalty Exploration has signed a contractual agreement with South Africa-based Consulmet Metals in order to complete a preliminary economic assessment (PEA) of the Kigosi gold project’s gravity recovery unit, located in Tanzania’s Lake Victoria Goldfields.
Grande Portage Resources (GPG) has started the field work at the Merry Widow group of properties in North Vancouver Island.