SouthGobi Energy Resources Ltd. (SGQ.TO) has been issued a mining license for its wholly owned Mongolian operating subsidiary SouthGobi Sands by the Mineral Resource Authority of Mongolia. Shares in the company rose by 5 cents after the announcement to end up at $10.75.
The Fortescue Metals Group has decided to use robotic dump trucks in the Solomon project being planned for the Pilbara region of Australia's North West. Andrew Forrest’s company will have an automation rollout in Western Australia that is larger than the one operated by rival company Rio Tinto.
The Chinese are worried about the mining reforms that Australia is planning. With the proposed mining tax coming up the Chinese diplomat Ouyang Cheng warned it would be difficult for Australia and China to maintain a healthy and steady economic co-operation unless reforms to foster Chinese investment were made.
By Joel Scanlon
7 Jul 2011
In Zimbabwe the government may take over all mines that do not sell their majority stake to locals by September 2011. This announcement was made by Indigenization and Economic Empowerment Minister Saviour Kasukuwere on state television.
By Joel Scanlon
7 Jul 2011
Following in the footsteps of many resource-rich nations Mozambique is also planning to amend its old mining laws. Mining Minister Esperanca Bias confirmed this in a recent interview, saying the government was having discussions with all stakeholders.
By Joel Scanlon
7 Jul 2011
Golden Predator has reported the last five core hole results from the 2011 winter drill program conducted at the Carlos Zone of Grew Creek Project in Yukon.
By Joel Scanlon
7 Jul 2011
Abcourt Mines has released encouraging diamond drilling results from the four best holes, which was drilled recently at the Tagami property that is immediately to the northern part of the Elder mine.
By Joel Scanlon
7 Jul 2011
Currie Rose Resources has completed the initial three holes of a 10,000 m drill program, which is scheduled for this summer for its two main projects in the Lake Victoria Greenstone belt, Tanzania.
By Joel Scanlon
7 Jul 2011
Treasury Metals has proclaimed the first drilling results from the western target of the Goliath gold project.
By Joel Scanlon
7 Jul 2011
Newcastle Minerals has completed a 1,050 m diamond drilling program, totaling four holes at its Chester Project, which is situated in northwestern Ontario, Canada.
By Joel Scanlon
7 Jul 2011
Duncastle Gold has completed the 2011 initial drill program at its Porphyry Creek project, which is situated 30 km northwest of Smithers, in northwest British Columbia.
By Joel Scanlon
7 Jul 2011
Petrominerales provides exploration updates on Deep Llanos Basin, which includes Corcel, Guatiquia and South Block 31, Colombia.
By Joel Scanlon
7 Jul 2011
Now your rare earth elements may come from the sea rather than from China. A think tank from the New York based Council on Foreign Relations said that it was economically and environmentally unviable, but this has not stopped Japan.
By Joel Scanlon
6 Jul 2011
South African Chamber of Mines is making good progress with wage negotiations with mine workers of the gold mining companies. Dr Elize Strydom is the Chamber of Mines negotiator for the gold mining companies. She said that she was heartened by the unions’ response that they share the Chamber’s concerns about the future of the gold mining industry.
By Dr. Cameron Chai
6 Jul 2011
The Australian mining boom has carried the country’s trade surplus to a seven month high of $ 2.33 billion. As per the Bureau of Statistics this is the revised trade surplus from the $ 1.62 billion in April. The report was released in Sydney on Tuesday and will give a major boost to the nation.
By Joel Scanlon
6 Jul 2011