Rainy River Resources has reported the assay results of the palladium and platinum from the fresh nickel discovery, which is located at the Rainy River gold project in northwestern Ontario. The company is carrying out the diamond drill program for 170,000 m during 2011.
By Joel Scanlon
1 Oct 2011
NQ Exploration has announced that its partner Murray Brook Minerals (MBM) is prepared for the commencement of the initial field work at the Duncan Ouest project. This work is performed under the agreement terms, in which MBM can obtain a 50% interest in the project.
By Joel Scanlon
1 Oct 2011
Aquila Resources has updated the exploration program and has announced preliminary assay results from the Reef Gold project in Wisconsin, USA.
By Joel Scanlon
30 Sep 2011
Taku Gold has reported the comprehensive deep auger soil sampling results, which was completed over several grids formed all through the Sulphur property. The location of the 536-claim property is around 45 km to the south of Dawson City, Yukon.
Glencore International AG is hoping to step into a joint venture in Hong Kong with local mining firms NiHAO Mineral Resources International Inc. and AGP Industrial Corporation. The $2 million project was disclosed to the Phillippine Stock Exhcnage by NiHAO.
By Joel Scanlon
29 Sep 2011
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