The Canadian gold mining company Banro Corporation is to commence gold production at its mine in Congo by October this year. The Twangiza mine in the Democratic Republic of Congo is expected to produce 120,000 ounces of gold by January 2012.
By Joel Scanlon
29 Sep 2011
President Ollanta Humala of Peru has signed three bills that will in effect raise mining taxes in the country. With this signing on Wednesday Humala fulfills a campaign promise to increase royalties on the lucrative mining sector in Peru.
By Joel Scanlon
29 Sep 2011
As per ResourceStocks magazine Australia is the 7th best nation for mining in the world. The annual World Risk Survey results were released on Thursday. They show an amazing leap from 26th place for Australia in 2010 to 7th place in 2011.
By Joel Scanlon
29 Sep 2011
BHP Billiton said that the resources industry in Australia will create many jobs over the next five years. They are expecting a demand for 170,000 workers to hit the industry nationwide providing ample job opportunities to the local communities.
Steele Resources Corporation is a small California-based firm which has re-opened a defunct mine west of the town of Pony in western Montana. The Cameron Park based company has started removing piles of waste rock from the old Atlantic and Pacific mine.
By Joel Scanlon
28 Sep 2011
The U.S. Army Corps of Engineers has asked the Houston based environmental consulting firm Cardno ENTRIX to perform an environmental impact study for the Haile gold mine located near Kershaw.
Empire Mining Corp. have announced the discovery of a continuous copper and gold anomalous zone in the Southwest Zone of the Demirtepe project in Turkey.
By Joel Scanlon
28 Sep 2011
ArcelorMittal South Africa has still to find a black empowerment partner as it breaks off talks to sell 26% interest in the company to a group of black investors known as the Ayigobi Consortium, which included a son of the South African President Jacob Zuma.
By Joel Scanlon
28 Sep 2011
Namakwa Diamonds has sold all mining and exploration operations in Congo to a company led by its management team. This sale in the Democratic Republic of Congo is part of a major restructuring exercise.
By Joel Scanlon
28 Sep 2011
Prophecy Platinum has obtained the drilling results from the Wellgreen PGE-Ni-Cu project. It has intersected 0.47% NiEq over 457 m that contains 0.72 g/t Platinum+Palladium+Gold (Pt+Pd+Au) from the surface to the footwall and also 1.03% nickel, 0.74% copper, 3.14 g/t Pt+Pd+Au over 17.8 m in the hole WS11-188 in this large mineralization.
By Joel Scanlon
28 Sep 2011
Platinex has announced the ongoing development of the rock and till sampling campaign at the Shining Tree property in Ontario. Based on the positive basal till sampling campaign during 2008-2011, the company has sampled the targets to the inferred source by employing the fine fraction of tills that were examined for gold and other elements.
Parlane Resource has provided details on its multiphase exploration campaign at the Big Bear project. The company has obtained the results from the first phase of the stream sediment-sampling campaign and has sent phase II soil samples to the laboratory.
By Joel Scanlon
28 Sep 2011
Midlands Minerals has engaged the Ghana-based Geodrill to perform a fresh drill campaign at its Kaniago gold project, Ghana.
Marifil Mines has commenced a phosphate exploration campaign at the Neuquen sedimentary basin in Argentina. Based on the results of the reconnaissance sampling program, the company has applied for two mining claims, totaling 7,700 ha area.
By Joel Scanlon
28 Sep 2011
INV Metals has reported the 2011 drilling results from the Okohongo deposit, which is a copper-silver deposit situated in the Kaoko property, northwest Namibia.
By Joel Scanlon
28 Sep 2011