Buenaventura is Peru’s largest publically traded precious metals mining company. Known as Compania de Minas Buenaventura S.A.A. it recently announced that its Board of Directors had approved full funding for the Conga Project located in Peru.
Woulfe Mining Corp announced that it would be able to develop the Sangdong project in South Korea for half the estimated cost. The tungsten-molybdenum project can be developed for an estimated $135 million. The estimate last year was for a cost of $289 million and it was targeting a 2.4 million tonne per annum production.
By Joel Scanlon
28 Jul 2011
Aquila Resources and Vale have decided to resume shipping coal from their mine in Queensland. Aquila Resources said that despite the coal being allowed to be shipped from Isaac Plains mine it was to seek legal action to claim damages for the cancellation of earlier shipments.
The investigator in charge of looking into illegal mining activities in Karnataka, Santosh Hegde has accused the Chief Minister B.S. Yeddyurappa and other ministers of taking bribes from companies involved in the scandal.
By Joel Scanlon
28 Jul 2011
Coyote Resources has begun an auger drilling campaign at the Tonopah Extension Mine property.
By Joel Scanlon
28 Jul 2011
Typhoon Exploration has updated about the advancement of the exploration program at the Fayolle property to its financial community and shareholders.
By Joel Scanlon
28 Jul 2011
NV Gold is progressing a 2011 follow up drilling campaign at the Afgan-Kobeh gold project, which is situated in Eureka county, Nevada.
By Joel Scanlon
28 Jul 2011
With the strike at BHP Billiton’s giant Escondida copper mine in the Atacama Desert, Chile continuing with no signs of abating the prices for copper continued to rise in London. Worldwide speculation over supply shortages are fueling prices right now rather than actual demand.
The new chief executive of Fortescue Metals Group said that a royalty deal with Aboriginal land owners at the Solomon mine in Western Australia was out of the question. Neville Power said that it was not going to happen because they knew it's not going to do any good for the community.
Cleveland Mining Company Limited announced the results of its drilling exploration program at the O Capitão Gold Project targeting the Dona Maria Garimpo. They have discovered significant gold bearing mineralization approximately 10 km away from the Premier Gold Project of the company.
By Joel Scanlon
27 Jul 2011
The Zijin Mining Group is to buy another 138.35 million shares of Norton Gold for $29.998 million. The Chinese company is buying the shares in the Australian gold producer in a bid to increase their gold reserves.
Iluka Resources is to resume mining operations at its Eneabba project located in the Mid West of Western Australia. The project was halted in 2010 due to low grades of ore and lower margins. Mining is likely to resume by end of the year at the project. The company will also restart its synthetic rutile kiln 3 for a commercial campaign.
Grizzly Discoveries has filed for a permit to acquire a new industrial and metallic mineral in Alberta enclosing around 4,672 ha to increase its present land assets of over 2.4 million acres for the Alberta potash project. The location of the permit is 67 km northeast of the Medicine Hat City along the Saskatchewan boundary.
AMEX Exploration has received all the essential license and permits for the drilling program at the Nueva Escondida property.
By Joel Scanlon
27 Jul 2011
Douglas Lake Minerals has started the diamond drilling program at its Kwandege’s Handeni West gold target.
By Joel Scanlon
27 Jul 2011