The Papua New Guinea mining and petroleum industry is worried about the changes that have been proposed to the mining laws in the country. The government is reviewing existing laws to revert ownership of resources on, as well as under the land and seabed to the traditional owners.
By Joel Scanlon
22 Aug 2011
Cypress Development has signed a second amending contract with. Robert Marvin,an independent consultant, in which the company received a work extension at the Twenty-One Silver-Gold claims, which is situated in west central Nevada-based Mineral County from July to December, 2011.
By Joel Scanlon
22 Aug 2011
Golden Hope Mines has provided details about its summer diamond drilling program in Southeastern Quebec, during 2011. The primary drilling is for six holes, around 2800 m in total.
By Joel Scanlon
22 Aug 2011
CBM Asia Development has proclaimed that Medco Energi has obtained the final data of gas content from Core Laboratories for the CBM-SE-04 well, which is situated at the South Sumatra-based Sekayu coalbed methane production sharing contract.
By Joel Scanlon
22 Aug 2011
Lundin Petroleum has started the drilling program at the Batu Hitam prospect, which is situated in Block PM308A. This block is located offshore at the the east coastline of the Peninsular Malaysian Peninsula.
By Joel Scanlon
22 Aug 2011
Brixton Metals has commenced exploration at its Kahilt property, which is situated about 160 km to the northwest part of Anchorage in Alaska.
By Joel Scanlon
22 Aug 2011
Economic tensions made gold process surge by 2% to a new high of nearly $ 1830 an ounce on Thursday. The bullion went for its seventh straight weekly gain hot on the heels of the Dow Jones industrial stock plunging 5% and crude oil falling 7%.
By Joel Scanlon
21 Aug 2011
Exxaro Resources is the second largest producer of coal in South Africa and the diversified miner wants to increase its share in iron ore as well. As of now the company does not produce iron ore on its own and is evaluating projects in West Africa and Australia where it can take on an interest in a venture to boost its earnings.
By Joel Scanlon
21 Aug 2011
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