Galahad Metals has completed a surface, induced polarization (IP) or time-domain resistivity survey at its Regcourt gold project, which is located 30 km east of Val-d'Or in Québec.
By Joel Scanlon
4 Aug 2011
Fancamp Exploration has proclaimed that Magpie Mines has obtained the final report and the Phase I metallurgical test work results, which was conducted by COREM, Quebec.
Rio Tinto is likely to post a net profit for its first half in the region of $8 billion. The profits have been bolstered by the hike in prices of iron ore, aluminium, and copper.
China is not too hopeful about its steel production forecasts for the second half of 2011. The China Iron and Steel Association (CISA) highlights the effect that tight monetary policy is having on commodities demand in the nation. Zhang Changfu, vice chairman of the association said that steel production growth will slow down further in the second half of this year.
By Joel Scanlon
3 Aug 2011
Rio Tinto is challenging a High Court ruling that will allow the unions to operate in the iron ore operations it owns in Western Australia. If the ruling holds the unions will be allowed to bargain on issues of pay and work conditions for mine workers in the Pilbara region.
Hong Kong listed Yanzhou Coal Mining Company has decided to buy thermal coal exploration and production companies in Queensland. The Yanzhou Coal Mining Co will spend $202.5 million on acquiring Syntech Resources Pty Ltd and Syntech Holdings II Pty Ltd, from GS Power Holdings.
By Joel Scanlon
3 Aug 2011
National Mineral Development Corporation (NMDC), India’s largest iron ore miner, is currently involved in talks with overseas mining companies in regard to possible takeovers. NMDC Chairman Rana Som said the company had earmarked $500 million for overseas acquisitions this financial year.
By Joel Scanlon
3 Aug 2011
Canaco Resources has released the recent drilling assay from the Magambazi gold discovery at the Handeni project, which is in the United Republic of Tanzania.
By Joel Scanlon
3 Aug 2011
Iron Road has declared that its Stage VI drilling program at the Central Eyre iron project (CEIP) is progressing as planned.
Brenham Oil & Gas has acquired an oil field, which consists of 20 oil wells, and is located on around 700 A land in the Texas-located Permian Basin next to Abilene.
By Joel Scanlon
3 Aug 2011
Black Raven Energy has acquired an 80% working interest in the Adena Field for $15.75 M. The area of this field is 18,760 gross acres located in Morgan County of Colorado and will be operated by the company.
By Joel Scanlon
3 Aug 2011
Lundin Norway, a subsidiary of Lundin Petroleum, and their associates Talisman Energy Norge (Talisman) and Noreco, has submitted a plan for the development and operation (PDO) of the Brynhild field to the Norwegian Ministry of Petroleum and Energy.
By Joel Scanlon
3 Aug 2011
Uranerz Energy has started on-site construction of its Nichols Ranch in-situ recovery (ISR) Uranium Project, which is situated in Wyoming’s Central Powder River Basin in U.S.A.
Freeport McMoRan Copper & Gold, Inc. (FMCG), the world's largest producers of copper, gold & molybdenum, has had an excellent second quarter. Earnings have practically doubled based on soaring metal prices and sales growth in double digits. The company posted a net profit of $1.37 billion.
By Joel Scanlon
2 Aug 2011
Centrex Metals is now one step closer to establishing an export hub on the east coast of the Eyre Peninsula. The Program for Environmental Protection and Rehabilitation for an iron ore mine near Lock was approved by the South Australian government.