As per a PricewaterhouseCoopers report the national labor productivity growth in 2010 slowed down to it’s lowest since 2005 for Australia.
By Joel Scanlon
13 Sep 2011
The coal mining company Banpu Pcl from Thailand is to bid for the Australian-based coal explorer Hunnu Coal. Hunnu Coal is focused on Mongolia and had called for a trading halt on its shares last Friday saying that a potentially significant corporate transaction was due on or before Tuesday.
By Joel Scanlon
12 Sep 2011
Paladin Energy has withdrawn $127.2 million from the project finance facility for its Langer Heinrich uranium mine. The project is said to be the fifth biggest uranium mine in the world based on output.
According to global mining giant Rio Tinto, the global demand for refined copper is going to soar over the next decade. The demand for copper by 2020 will rise by close to 40% to 27 million tonnes as per the country director of Rio Tinto in Mongolia, Cameron McRae.
The Premier of Western Australia Colin Barnett has said that the resolution of the Oakajee port and rail development matter is merely weeks away. He said that the project was the most difficult one that he had worked on as Premier in his three years in office, but he was confident that it would commence soon.
By Joel Scanlon
12 Sep 2011
Is the mining industry really the big boon for the Australian economy that it is made out to be? A new report from The Australia Institute questions this. The author of the report and economist Richard Dennis said that the political clout of the mining industry was way out of proportion with its economic reality.
By Joel Scanlon
12 Sep 2011
Magellan Minerals has reported finding a new zone of gold mineralization situated nearly 360 meters north of the Central zone at the ‘Cuiu Cuiu’ project in Brazil. The previously unrecognized zone which has a significant resource estimate has now been named Central North.
By Joel Scanlon
11 Sep 2011
Peel Mining Limited, an Australian company focused on exploring and developing precious, base and specialty metals, has announced that the resource estimate for its Apollo Hill Gold Project is up by 48% after a recent diamond drilling program as compared to the previous estimate of gold resources at the project given in December 2010.
By Joel Scanlon
11 Sep 2011
Pilot Gold Inc. said in a statement that it had found a new bulk tonnage style gold discovery at the Viper Project in north east Elko County in Nevada. The first five drill holes have intersected a widespread sediment hosted, oxide gold and silver mineralization.
By Joel Scanlon
11 Sep 2011
The precious metal gold may not be native to earth but have come from outer space and merged in the core. The geologists at the University of Bristol have put forth a theory that a mammoth meteorite shower over four billion years ago is what brought the precious metals gold and platinum to earth.
By Joel Scanlon
11 Sep 2011
Condor Resources has received the positive results of the reconnaissance sampling program performed at its San Martin sediment property in south Peru.
Orestone Mining has reported the resistivity or induced polarization (IP) survey results from the Captain Porphyry project, containing gold and copper mineralization, situated about 30 km to the southern portion of the Mt. Milligan deposit and to the northern part of Fort St. James in BC.
By Joel Scanlon
9 Sep 2011
Pancontinental Uranium (Pancon) and Crossland Uranium Mines (Crossland) have begun a drill campaign, including 100 RAB holes, at the Buchanan Window prospect that is located in the Chilling project, Australia.
By Joel Scanlon
9 Sep 2011
Evrim Resources has moved the drill team to the Suaqui Verde copper project located in Sonora, Mexico. Inmet Mining, exploration funding associate of Evrim, has scheduled to drill 4,700 m, 12 holes in total.
By Joel Scanlon
9 Sep 2011
San Marco Resources has announced major trenching results from its Tecomate property located in Mexico.