NMC Resource has released the excellent assay results of the drilling program at the main zone, which is between the levels 257 m and 217 m in the NMC Moland Mine, South Korea.
IronOne has begun the diamond drilling program at its Maguse River iron project. Two drill rigs are being used in this program. The location of this project is about 60 km to the north of the Arviat coastal town, southern Nunavut.
By Joel Scanlon
25 Aug 2011
Firebird Resources has reported the primary drilling results from its current program at the Buzzard project in South Carolina. The company obtained the drill results of the initial hole from a 2000 m drill campaign.
By Joel Scanlon
25 Aug 2011
Sigdo Koppers, an industrial engineering conglomerate based in Chile, has agreed to buy Magotteaux Group, a Belgian mining and cement services company for the sum of $ 790 million. The acquisition deal follows the sale of 64% stake Sigdo Koppers held in appliance manufacturer Compania Tecno Industrial SA. The stake was sold to Electrolux AB, the Swedish home appliance making company.
By Joel Scanlon
24 Aug 2011
Perseus Mining is an Australian company focused on West African gold resources. Shares in the company went up as it announced its first pouring of gold from the Central Ashanti Gold Project in Ghana.
A group of nuclear opponents are beginning a trek from Wiluna to Perth to protest against the uranium mining industry in Western Australia. The 1250 km march is being led by the group that calls themselves Walk Away From Uranium Mining.
By Joel Scanlon
24 Aug 2011
Hugo Chavez has signed the law that makes the nationalization of the country’s gold mining industry legal. The signing took place at a ministerial meeting broadcast by state media. The natural law reserves the exploration and management of gold, as well as the connected activities, to the state.
By Dr. Cameron Chai
24 Aug 2011
Prophecy Platinum has released the assay results of the initial holes from its 2011 drill campaign at the Wellgreen project. The company has intersected 0.43% NiEq over 472.6 m of mineralization from the surface to the footwall contact in the borehole WS11-184.
By Joel Scanlon
24 Aug 2011
Ethiopian Potash (EPC) has completed five drill holes at the Danakil project, which is 481 sq. km in Ethiopia. The company is drilling the sixth hole and has drilled 1,000 m in total, of the proposed 15,000 m diamond drilling campaign at the project.
By Joel Scanlon
24 Aug 2011
Lions Gate Metal is a junior resource firm based in Canada, which focuses on the acquisition, exploration and development of the advanced and early phase copper projects.
By Joel Scanlon
24 Aug 2011
Cabo Drilling has secured a 6,000+ m drilling contract from the Puddle Pond Resources to drill at the Molypeak and Horn-Mesher projects at Lloyd's Lake, which is located in south-central Newfoundland.
By Joel Scanlon
24 Aug 2011
Sand mining in Cambodia is being seen as a major hurdle for the environment. The serene rivers tend to become an industrial nightmare with flotillas of dredgers operating 24 hours a day, scooping up sand and piling it onto ocean-bound barges.
By Dr. Cameron Chai
23 Aug 2011
Avocet Mining has increased its estimates for mineral resources at the Inata gold mine by 59%. The gold mining company has previously said that the mine in Burkina Faso has resources of 3.36 million ounces of gold. The announcement pushed up the shares of the company by 10%
Canadian company Silvercorp Metals Inc is hoping to buy a 90% stake in two Chinese mining companies through its subsidiary company Henan Found Mining. The buyout will cost Silvercorp Metals $ 10 million. Silvercorp Metals has a 77.5 % stake in Henan Found Mining Company.
The African National Congress has been thinking about the nationalization of mines in South Africa for some time now, and it does not make the investors happy. While the South African ruling party has said that 26% of the mining industry ownership needs to be transferred to African owners by 2014, the investors fear that they may ask for more.
By Joel Scanlon
23 Aug 2011