Andrew Twiggy Forrest of the Fortescue Metals Group has a lot to smile about. The company has recorded a jump of 76% in profits in the full year net profit this year. The Fortescue Metals Group reported net profit of $ 1.022 billion on higher iron ore prices.
The South African Minister for Mining Susan Shabangu announced on Thursday that no decision was to be made on the shale gas prospecting issue until next year.
By Joel Scanlon
21 Aug 2011
By Joel Scanlon
Aquila Resources and Vale SA have been granted a mining lease by the government of Queensland for their Eagle Downs coal mine. The Eagle Downs coal project is located in the Bowen Basin. The board of d...
VMS Ventures has provided the details of its Copper project near Snow Lake in Manitoba.
By Joel Scanlon
20 Aug 2011
Sonora Resources has inked a letter of intent (LOI) to buy the claim groups contiguous to the newly purchased Ayones Property and 49 ha of the La Mazata Silver Mine in Mexico.
By Joel Scanlon
20 Aug 2011
NuLegacy Gold has begun drilling at the Coal Canyon as part of its current 10,500 m drilling campaign at its Red Hill prospect.
By Joel Scanlon
20 Aug 2011
NQ Exploration has released the drilling results of three holes from the Lac Shortt project, which is situated approximately 150 km to the southwest of Chibougamau in Quebec.
By Joel Scanlon
20 Aug 2011
Creso Exploration has proclaimed the results of eight drill holes, 1393 m in total, from the Matona, Tyrrell, Porphyry Lake and Hare Lake options at the Shining Tree district.
By Joel Scanlon
19 Aug 2011
Diamonds North Resources has commenced the 2011 exploration campaign at the Hepburn property, which is situated in the Northwest Territories.
Teslin River Resources has completed a reverse circulation (RC) drilling program at the Mustang property, which is situated 20 mi southeast of Gabbs in Nevada.
By Joel Scanlon
19 Aug 2011
Castle Resources is a junior mineral development firm based in Toronto and focuses on advanced and high-quality projects.
By Joel Scanlon
19 Aug 2011
Advanced Explorations (AEI) has reported the additional drilling results from the Tuktu iron ore project, which is situated in Nunavut, Canada.
By Joel Scanlon
19 Aug 2011
Aben Resources has begun a Phase I diamond drilling program, totaling 2,000 m, at its 4,114 acre Justin gold project, located in western Yukon.
By Joel Scanlon
19 Aug 2011
The next time you look at the flame of a candle think about tiny diamond particles that contribute to its brilliance. As per Dr Wuzong Zhou from the St Andrews University there are 1.5 million diamond nanoparticles in a candle’s flame. A fact that the Chinese who invented the first candle more than 2,000 years ago could not have possibly known.
By Joel Scanlon
18 Aug 2011
There is a considerable dependence at present for Rare Earth Elements (REEs) on China at present. Given that it supplies more than 95% of the world’s needs that is hardly surprising. However the dependence on China may be on the decline as many nations struggle to develop their own resources to diminish the hold of the Chinese monopoly on these rare elements.
By Joel Scanlon
18 Aug 2011