Portage Resources has signed a letter of intent (LOI) with Albroock Gold Peru and Airon Peru to buy the Wukakuy properties.
By Joel Scanlon
21 Jun 2011
Redhill Resources has started the additional mapping and sampling work at its Honey Comb Hills Rare Earth Property in Utah. The property is located 20 miles from the west of IBC Advanced Alloys Project, which is also based in Utah.
By Joel Scanlon
21 Jun 2011
Source Gold is a junior mineral exploration firm, which focuses on gold in the Beardmore-Geraldton Gold Camp in Ontario. The company uses advanced exploration techniques at the Vulture Mine site to explore silver and gold.
By Joel Scanlon
21 Jun 2011
Drilling has begun on the Kroda Gold Project that is owned 100% by ABM resources. The Kroda Gold Project is situated in the Company’s Barrow Creek Regional Project about 18 km west of the Stuart Highway and 30 km north of the Barrow Creek town.
By Joel Scanlon
20 Jun 2011
Prices of rare earth elements have doubled over the last two weeks as China begins restrictive mining production and export practices. Since China supplies 95% of the 17 rare earth minerals used in everything from lasers, to plasma televisions to laptop batteries their policies will affect the global market adversely.
By Joel Scanlon
20 Jun 2011
Eramet, the world's 2nd-largest producer of manganese alloys for steelmaking and Mineral Deposits Limited, a Melbourne, Australia based mining company developing the world class Grande Côte Mineral Sands Project in Senegal, West Africa, are to sign up for a joint venture to develop their assets in Senegal and Norway.
By Joel Scanlon
20 Jun 2011
The mining boom has brought prosperity to Australia but just to a select few parts. A fact shown by the annual State of the Regions report that claims that most of the country is missing out in the benefits of the profitable mining industry.
By Joel Scanlon
20 Jun 2011
Anglo Canadian Oil has signed a Pooling-Farm-in Agreement with Quatro Resources.
By Joel Scanlon
20 Jun 2011
Condor Petroleum has reached a depth of 1,150 m in total at the Kiyaktysay North-3 (KN-3) well.
By Joel Scanlon
20 Jun 2011
Centurion Minerals has got two diamond drill rigs to examine several priority targets, which was discovered by the Company at its epithermal gold and porphyry gold- copper prospects in Indonesia.
By Joel Scanlon
20 Jun 2011
The Albanian division of Cabo Drilling, has been awarded a phase II underground drilling contract by Ber Alb SH A, which is a division of the Ekin Maden group situated in Turkey. This contract includes 4,000 m of drilling.
By Joel Scanlon
20 Jun 2011
Tata Steel has decided to sell its 26.72 % stake in Riversdale Mining Ltd for $1.12 billion. The company which is currently controlled by majority stake holder Rio Tinto Jersey Holdings is hoping to de-list.
The Queensland government’s plan to save large parts of land for farming is unacceptable to the mining industry. A study which was commissioned by the Queensland Resources Council based on scientific and peer review evidence found that the criteria for the government’s strategic cropping land policy were not clearly defined.
By Joel Scanlon
19 Jun 2011
Itochu Corp is to invest $1.6 billion in thermal coal operations in Colombia. The deal with Drummond Co. of the United States will give Itochu a 10% stake in the coal mining operations. The deal includes an exclusive right to export the extracted coal to Japan.
By Joel Scanlon
19 Jun 2011
Nevada Governor Brian Sandoval signed a law reducing tax breaks to the mining industry, killing the tax cap that was in the constitution since 1864. The new law needs the state Taxation Department to report each year to the new commission on the expenses and deductions of each mining company operating in the state.
By Joel Scanlon
19 Jun 2011