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
A comment by Western Australia Liberal MP has taken the media by storm. When MP Don Randall said that the mining industry was being ‘pussy whipped’ by Julia Gillard he would not have expected his comment to be the beginning of such a controversy. Or perhaps he did.
By Joel Scanlon
19 Jun 2011
Midlands Minerals has announced the reverse circulation (RC) drill results from the Kaniago west zone. This is one of three zones in a strike length of 7 km that is targeted for drilling at the Kaniago-Abore-Keegan trend.
Dios Exploration is executing the diamond drilling again at the Shipshaw carbonatite complex, which are a few kilometers away from the Niobec mine in Quebec.
Cadillac Ventures has reported the initial assay results from the hole CV-11-05 drilled at the Thierry Mine project. This last deep hole CV-11-05 was drilled at depth into the tooth shaped void of the project.
By Joel Scanlon
18 Jun 2011
Salazar Resources is a mineral resource group that is carrying out the exploration and development of new high-potential areas in Ecuador.
Cap-Ex Ventures has got and interpreted the primary data from the latest Airborne FALCON Gravity Gradiometer and High Sensitivity Magnetometer survey at the Redmond and Block 103 properties in the Labrador Trough, Quebec.
By Joel Scanlon
18 Jun 2011