BHP Billiton is looking to focus on its core business areas and is going to abandon titanium mining. The Australian mining giant is selling its 37% stake in the South African titanium producer, Richards Bay Minerals. There have also been confirmed reports of cut backs that the mining giant has made in nickel ore production as well.
Newmont Mining is in the situation whereby two overseas companies are hoping to buy its coal tenements. The mining company is selling its coal assets in Queensland which are estimated to hold more than 1.2 billion tones of thermal coal.
Richmont Mines has completed a Canadian $10 million worth private placement with Mr. Bob Buchan. The gold industry veteran has been appointed to the Board of Directors of Richmont Mines following the investment made by him and two of his immediate family members.
By Joel Scanlon
2 Feb 2012
El Condor Minerals has commenced the work program for 2012 at the Horden Lake copper project in Quebec.
By Joel Scanlon
2 Feb 2012
La Ronge Gold, a Canada-based gold exploration company has begun the drilling program at the Preview SW gold deposit, which is situated in North Saskatchewan. Drilling at the deposit has been specifically designed to bring the previous resources to the present standards of NI 43-101 and to extend the mineralized zones at depth and along strike.
By Joel Scanlon
2 Feb 2012
Paramount Gold and Silver, a U.S. based exploration and development company, has announced the latest assay results from the core drilling program, which is being conducted at its San Miguel Project in Mexico.
By Joel Scanlon
2 Feb 2012
Canadian-based public company, Brazilian Gold has announced the assay results for the last 11 holes of the 2010 drilling program conducted on the Surubim project (Jau target), which is located in northern Brazil’s Tapajós region.
Compañía de Minas Buenaventura S.A.A , a Peruvian company, and Alturas Minerals have signed a four-year option agreement relating to Alturas’ Ccaccapaqui gold-silver property located in southern Peru.
By Joel Scanlon
2 Feb 2012
Integra Mining is to acquire a stake in its neighbor Southern Gold. The 10% interest will give it access to the Bulong Gold Project which Southern Gold runs right next to Integra Mining’s flagship Randalls Gold Project in Kalgoorlie in Western Australia.
BHP Billiton may steal a deal from China Machinery Engineering Group in Gabon. As per Gabonese officials the mining giant is close to winning the rights to the Belinga iron ore deposit which is one of the largest iron ore projects in the country.
Is the mining industry affecting the Defence Forces’ ability to protect Australia? The cash strapped Defence Department seems to think so as it regularly loses skilled workers to the more affluent mining companies operating in the country.
By Joel Scanlon
1 Feb 2012
Columbus Gold has begun the phase II drill program at the Overland Pass gold project. This project is situated towards the northern part of Bald Mountain gold mine, which is on the Carlin trend’s southern expansion.
By Joel Scanlon
1 Feb 2012
Superior Copper has drilled four holes at the Kincaid Breccia in later part of 2011. The company has planned to drill additional holes in early 2012.
By Joel Scanlon
1 Feb 2012
Legend Gold, a mineral exploration and development company, has discovered Zone 4, which is a fresh gold bearing zone at Lakanfla.
By Joel Scanlon
1 Feb 2012
Astra Resources has announced that it has received a favorable report for its Philippine iron sands project from the Cagayan River Construction & Development Corporation.
By Joel Scanlon
31 Jan 2012