China supplies more than 95% of the rare earth minerals needed in the global market. Last year it cut its export quotas for rare earth minerals citing environmental concerns and a crackdown on illegal mining activities. This has caused a shortage of the vital minerals in the world markets.
By Joel Scanlon
20 Jul 2011
OZ Minerals has confirmed a $200 million share buyback after announcing high copper and gold production from the Prominent Hill mine. The buyback is to take place after August 17, 2011 once the half year financial results are announced.
Afferro Mining is planning on raising funds through an institutional placing. The gold and iron ore mining company has projects in Cameroon and Liberia.
By Joel Scanlon
20 Jul 2011
Velocity Minerals, a public company dealing with the acquisition, exploration and the development of gold, molybdenum and other mineral resources, has signed an Access Agreement with the owners of patented claims, known as A claims, which are crucial to the company's Orogrande claim block.
By Joel Scanlon
20 Jul 2011
A mining company based in Canada, SEMAFO has shared the objectives of the exploration program for 2011 with regards to the current delineation drilling project at Mana's Fofina area.
By Joel Scanlon
20 Jul 2011
A mineral exploration company based in Canada, Telferscot Resources has completed the acquisition process of 1830953 Ontario and has gained the right to its exploration projects located in Democratic Republic of Congo’s Kolwezi district.
By Joel Scanlon
20 Jul 2011
Rare Earth Metals has received a preliminary mineralogy report compiled by Dr Anthony Mariano and Anthony Mariano Jr, which details the Rare Earth Element (REE) mineralogy in the core recently drilled from SL-11-03 hole, the Lavergne-Springer Project.
By Joel Scanlon
20 Jul 2011
An international oil and gas exploration company, Kulczyk Oil Ventures has announced that the North Eastern Ukraine- based O-14 exploratory well located in Olgovskoye Field has been cased after having encountered 8 potential gas bearing reservoirs.
By Joel Scanlon
20 Jul 2011
Great panther Silver has acquired four mining concessions in Mexico spread across 1,514 ha.
By Joel Scanlon
20 Jul 2011
Starcore International Mines has proclaimed the drilling results from the western side of the 29 area mantos located at the San Martin mine in Queretaro, Mexico.
By Joel Scanlon
20 Jul 2011
Golden Touch Resources has reported that the assay results have defined additional gold mineralization in the recently drilled holes at the Gjazuj Area in the Rubik Gold Project, Albania.
By Joel Scanlon
20 Jul 2011
Riverstone Resources has announced further results from the current diamond drilling program at the Kao zone.
By Joel Scanlon
20 Jul 2011
Alix Resources in collaboration with Caribou Copper Resources has announced that their work program for 2011 has begun on the Vault Property located in the Whitehorse Mining District.
By Joel Scanlon
20 Jul 2011
Cancor Mines has released additional reports for the recently completed North Tirek exploration program, one of the four gold properties based in Algeria.
By Joel Scanlon
20 Jul 2011
Avino Silver & Gold Mines has updated the progress at the Guadalupe and San Gonzalo deposits. These deposits are located at the Avino property, which is 82 km North East of Durango in Mexico.
By Joel Scanlon
20 Jul 2011