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
Mantra Resources will begin uranium mining in the Selous Game Reserve late next year. The Australian mining company will be operating in the south of Tanzania on a UNESCO heritage site. The wildlife sanctuary is the second largest in the African continent spread over 54,600 square kilometers.
By Dr. Cameron Chai
6 Jul 2011
Horizonte Minerals has started a 3,000 m diamond drilling program at its Falcao gold project in the Carajas mining district, Brazil. This project is a joint venture (JV) with AngloGoldAshanti, wherein the operator is Horizonte.
New Guinea Gold (NGG) has obtained the diamond drilling results of holes, KVD026 and KVD027, located in the Kavursuki zone. This zone is situated on strike with the Sinivit Mine and extends 1.5 to 2.0 km to the north.
By Joel Scanlon
6 Jul 2011
American Manganese has obtained the results of seven drill holes from its 2011 drilling program at Artillery Peak Manganese deposit. The results of the initial 20 drill holes have been formerly reported on June 2011.
Ecometals is speeding up its diamond drilling program at the Rio Zarza Gold Project in Southern Ecuador in view of field inspections by Expert Epithermal Consultant, Dr. Stuart Simmons.
By Joel Scanlon
6 Jul 2011
Bolero Resources has begun the ground work at the Red Chris South prospect, which is situated in northwest British Columbia, adjacent to Red Chris copper-gold discovery of Imperial Metals.
By Joel Scanlon
6 Jul 2011
In the Australian city of coal and steel, Wollongong, the community protests afresh for the new carbon pollution tax. Prime Minister Julia Gillard’s pollution levy is met with hostile opposition here. Located 50 miles south of Sydney in New South Wales the city of Wollongong has a population of 300,000 people.
By Joel Scanlon
5 Jul 2011
Caterpillar Inc is all set to increase its investment in the Griffin facility. They will create 200 jobs in Spalding County with their investment of $ 120 million. The money will be spent on machinery, equipment, and upgrades to the existing facility as per Governor Nathan Deal.
Australian Treasury Secretary Martin Parkinson is concerned about discouraging overseas investment. He feels that politicians squabbling over foreign investors will drive away essential overseas investments in the country if things are not handled with care.
By Dr. Cameron Chai
5 Jul 2011
Mayor Mike Brunker wants the Queensland government to drop royalties on bauxite to entice international investment. His main aim is to keep the refinery in Queensland to ensure the related jobs don’t suffer.
By Dr. Cameron Chai
5 Jul 2011
GeoGlobal Resources has concluded the terms of the Assignment Agreement, which has been signed with a third party and has acquired the rights and obligations of the assignment of the third party for a current Drill Rig and Associated Services Contract for a drilling rig, which is semi-submersible.
By Joel Scanlon
4 Jul 2011
OGX Petróleo e Gás Participações (OGX) has discovered the existence of hydrocarbons in 1-OGX-47-RJS well’s Santonian section, in Santos Basin’s shallow waters, in the BM-S-59 block. The company has a 100% working interest in this block.
By Joel Scanlon
4 Jul 2011