Zone Resources has reported that the Ontario-based Discovery Diamond Drilling has moved a drill rig to the Labrador Trough for commencing the diamond drill program at the Zone Land Package.
By Joel Scanlon
31 Aug 2011
The Romanian government is looking to revive mining at Rosia Montana which is said to be the largest gold and silver resource in Europe. However there is considerable opposition to the plans for open pit mines in the region as it will destroy ancient heritage sites and the present day environment.
By Joel Scanlon
30 Aug 2011
Woulfe Mining Corporation has decided to speed up the evaluation of the Muguk gold mine in South Korea. The mine was closed in 1997 due to a low gold not making it a viable mining operation. It is now being revived by the company.
By Joel Scanlon
30 Aug 2011
The Royal Canadian Mounted Police (RCMP) are investigating a Calgary based mining company for bribery allegations in Mexico. The Blackfire Exploration Ltd company is said to have made monthly ‘pay offs’ to the local mayor for a mine they operate in the Mexican state of Chiapas, to prevent protestors from interrupting the mining operations.
By Joel Scanlon
30 Aug 2011
Uranium explorer Australian-American Mining is facing an aggressive campaign run by Canadian firm Crosshair Exploration & Mining. The Canadian company has been trying to swap Australian-American Mining‘s North American uranium leases for a pile of Crosshair Exploration & Mining’s stock.
By Joel Scanlon
30 Aug 2011
Resolute Mining has announced a net profit of $61.39 million for the year ending June 30, 2011. The company has made an impressive comeback over the last 12 months compared to the $37.17 million loss that it reported in the previous year.
Argus Metals has completed the Phase I reconnaissance program at the "core" 60 sq. km claim block of the Iron King project. The company has discovered long iron magnetite outcrops trend of 2 km in the west part of the project along with a central iron unit, which is mapped to having a true width of 25 m over >300 m.
By Joel Scanlon
30 Aug 2011
Cougar Oil and Gas Canada has purchased a further three land sections at an Alberta Provincial Government land sale.
By Joel Scanlon
30 Aug 2011
Levon Resources has confirmed that the Cordero 43-101 resource is now outlined by the offset grid drill program at the Cordero project, which is situated 35 km to the northeast part of Hidalgo Del Parral in Mexico.
Taku Gold has currently completed the deep auger-type soil sampling phase of the exploration campaign at the Portland property during 2011.
Vantex Resources will commence a drill program at the Moriss showing, which is located in the Galloway project in Rouyn-Noranda. The company will begin the program in early September 2011.
By Joel Scanlon
30 Aug 2011
In a massive crackdown on illegal coal mines China shut down 1,289 such mines last year. The nationwide effort was undertaken to cull the illegal production of coal in the country. 86 people have also arrested on criminal charges related to mine safety.
By Joel Scanlon
29 Aug 2011
The Ghana Environmental Journalists Association complimented the government and its partners for reviving the Ghana Diamond Company.
By Joel Scanlon
29 Aug 2011
Three out of 26 miners trapped in a flooded mine pit in China were rescued on Saturday. The mine in Northeast China's Heilongjiang province was flooded on Tuesday as 45 miners were working in the pit.
By Joel Scanlon
29 Aug 2011
Australia’s BlueScope Steel has let 1,000 employees go as it exits the export business thanks to a 1 billion dollar loss that the company has incurred. In response to the event the boss of the Australian Workers Union, Paul Howes said that Dutch disease was crippling Australia’s economy.
By Joel Scanlon
29 Aug 2011