Ferrex has begun resource drilling at its Malelane iron ore project in the prospective Mpumalanga Province of South Africa. They intend to cover 2,700 meters over 4 months to make the make the first JORC compliant resource by the opening quarter of 2012.
By Joel Scanlon
15 Sep 2011
Indian companies are bidding on iron ore mining contracts in Afghanistan. The mine in question in Bamiyan province is being eagerly bid for despite security issues.
By Joel Scanlon
15 Sep 2011
Rio Alto Mining Ltd announced that the first-quarter pre-production at its La Arena gold oxide mine in Peru was 9,385 ounces of gold. The Vancouver based Canadian company has issued a guidance of between 50,000 to 60,000 ounces for 2011.
By Joel Scanlon
15 Sep 2011
Molycorp Minerals has decided to invest in Boulder Wind Power, a wind turbine maker. The green energy company is trying to raise $35 million in capital by selling convertible preferred stock.
By Joel Scanlon
15 Sep 2011
Lago Dourado Minerals has broadened the identified mineralization at the Querosene zone of Juruena project, Brazil.
By Joel Scanlon
15 Sep 2011
Samaranta Mining has obtained a comprehensive analysis of the new Gamma Spectrometer and Magnetometer survey conducted at four individual blocks, which includes the Guadalupe property. This property is situated besides the north edge of the Frontino Gold Mines, Colombia.
By Joel Scanlon
15 Sep 2011
Ruby Creek Resources has inked agreements for purchasing prospecting licenses of the mineral and mining rights for seven fresh properties, namely DB1, DB2, DB3, the Tunduru North, Tunduru South and the Keigei. All these properties are located adjoining its Gold Plateau project.
By Joel Scanlon
15 Sep 2011
Rockgate Capital has found fresh high-grade silver and uranium area at the North zone’s southwest boundary.
By Joel Scanlon
15 Sep 2011
Critical Elements has discovered a new in-situ mineralization of allanite or colombite, molybdenite and phosphate at its BC Niobium, Tantalum & Rare Earths Elements property.
By Joel Scanlon
15 Sep 2011
Commander Resources has begun the work recently at the Stump Lake gold property, which is situated 25 km to the southern part of Kamloops.
ATAC Resources has released the final results of the 2011 drilling program from its Ocelot lead-silver-zinc discovery.
By Joel Scanlon
15 Sep 2011
A new report from Ernst & Young said that the top risk factor for the mining sector was resource nationalization. The annual report, ‘Business Risks Facing Mining and Metals 2011-2012’, said that the most hindering factor for the minerals industry was going to be nationalization as close to 25 countries come up with new mining laws.
By Joel Scanlon
14 Sep 2011
The government of Zimbabwe and platinum mining firm, Zimplats have finally come to an agreement regarding the new indigenization requirements for indigenization empowerment in the country.
White Tiger Gold Ltd is all set to acquire the Century Mining Corporation after having received approvals from shareholders of both companies involved on Tuesday. Almost 100% votes were cast in favor of the deal by shareholders of White Tiger Gold, while close to 84% of votes cast by Century Mining shareholders were also in favor of the deal.
By Joel Scanlon
14 Sep 2011
Guinea signed a new 106 page updated mining code into law last week. Mines Minister Mohamed Lamine Fofana said that it would root out unconscionable provisions and tone down Chinese investment in the nation.
By Joel Scanlon
14 Sep 2011