The mining industry has found another metaphorical gold rush and it’s lying at the bottom of the Pacific Ocean. Environmentalists who are worried about the impact of deep sea mining on marine ecosystems are hoping that the large number of firms looking for ocean floor mining permits is not entertained.
By Joel Scanlon
7 Jun 2011
Vancouver based Wesgold Minerals has acquired an option to buy up to 51% in the Cordoba Property. The Colombian mining property has received an initial 11% investment from Minatura International LLC for a sum of $4 million. The property has prospects for iron, copper and gold mineral deposits. Wegold specializes in acquiring and exploring early stage gold projects.
By Joel Scanlon
7 Jun 2011
The mining industry in the U.S. may not have a well established sense of history but the people still do. When a mining company proposed blowing up the historic site of the worker’s uprising at Blair Mountain to gain access to the coal lying below it faced major opposition to its plans.
Mining magnate Clive Palmer has managed to get China to finance his latest project. The Chinese Exim bank will help develop the mine by financing the China First project in the Galilee Basin in central Queensland.
By Joel Scanlon
7 Jun 2011
Ithaca Energy has drilled and cased the last production well at the Athena field.
By Joel Scanlon
7 Jun 2011
Augen Gold has outlined the further two SGH gold anomalies beside the northwest outcrop of its recent North Shore Trend. The location of the trend is in the centre of the South Swayze property of Augen.
By Joel Scanlon
7 Jun 2011
Soltoro has started a drill program that is planned to examine the potential gold at its Chinipas Project in Mexico. A 2,000 m drilling is ongoing at the property, which includes four holes to be drilled during the Phase I program.
By Joel Scanlon
7 Jun 2011
The death of an employee has resulted in a halt in export operations for Rio Tinto from one of its terminals in Dampier iron ore port.
By Joel Scanlon
6 Jun 2011
El Teniente is the fourth largest copper mine in Chile. Its output was halved on Saturday as miners walked off the job due to violent protests made during the week by striking sub-contractors.
By Joel Scanlon
6 Jun 2011
The new Treasury Secretary Martin Parkinson is optimistic about the mining boom lasting about another decade barring global catastrophe.
By Joel Scanlon
6 Jun 2011
Even as the New South Wales government prepares to protest against the carbon tax people took to the streets in a weekend rally to support the tax. The carbon tax is seen as a price for pollution and the people want it to be implemented even as the mining industry screams that it will result in loss of twenty thousand plus jobs.
By Joel Scanlon
6 Jun 2011
Orvana Minerals has announced that Kinbauri España is commissioning the El Valle-Boinás-Carlés (EVBC) gold-copper mine in northern Spain.
By Joel Scanlon
6 Jun 2011
International Millennium Mining (IMMC) is announcing the two additional drill hole results from its Nivloc Silver and Gold Project in Nevada.
By Joel Scanlon
6 Jun 2011
Geo Minerals has engaged UTM Exploration Services of BC to begin the exploration work at its claims next to the Blackwater deposit of Newgold.
By Joel Scanlon
6 Jun 2011
Diamonds North Resources has purchased the Esker gold property in Nunavut. This property covers the gold bearing stratigraphy for many kilometres.
By Joel Scanlon
6 Jun 2011