Indian Environment Minister Jairam Ramesh has agreed to consider approval of proposed mining projects that had obtained the stage 1 forest clearance before 2010. This was after immense pressure was brought about by the coal ministry and the ministries of power and steel. He also ruled out reviewing the classification of ‘No Go’ areas for coal mining.
By Joel Scanlon
10 Apr 2011
Drill testing at the Tarkine mine in Tasmania has begun. The Tasmania Magnesite company undertaking drilling operations is a subsidiary of Beacon Hill Resources. There has also been considerable displeasure over opening up the world’s largest temperate rainforest to mining operations.
By Joel Scanlon
10 Apr 2011
Substantial tax deductions may be phased out for mining companies in Nevada. Lawmakers seem split down party lines on the issue with Democrats not believing that the mining industry is entitled to any special deductions and Republicans saying that the industry was vital to the rural economy in Nevada.
By Joel Scanlon
10 Apr 2011
Newmont Mining Corporation has decided to link gold prices to the dividend it pays in order to gain more investors. Currently investors are using Exchange Traded Funds (ETF) to buy a share of gold as a hedge to currency devaluation. All investment portfolios prefer to keep some percentage of gold as it is more stable than other investments.
United American Petroleum has announced that the recently drilled Rosser #4 well at its Bastrop County, Texas property is online and generating.
By Joel Scanlon
8 Apr 2011
Mountainview Energy has acquired a part of Great Northern et al's interest in the Snoose Coulee field sited in Liberty County, Montana.
By Joel Scanlon
8 Apr 2011
Lithium Exploration has purchased 60% possession of the five mining areas in the Salta province, northwest Argentina.
By Joel Scanlon
8 Apr 2011
August Energy has purchased mineral lease claims in the 'Long Canyon gold trend'. The company has acquired 320 acres of major mineral lease properties, around the 15 BLM claims situated in the western part of the new Long Canyon gold trend, Nevada.
By Joel Scanlon
8 Apr 2011
Sundance Resources announced that developing its Mbalam iron ore project would cost $4.6 billion to develop. The project in central West Africa needs infrastructure and the completion of a definitive feasibility study for the initial stage of the project.
Hunter Valley residents have decided to take on the New South Wales Lands Minister Ashton Coal and White Mining. Residents of Camberwell , an Upper Hunter Valley village have decided to legally fight the state government over the decision to revoke control of the local common.
By Joel Scanlon
7 Apr 2011
Century Mining Corp has stopped operations at its San Juan gold mine in Peru. The milling and processing operations have been suspended after an order was passed by the Peruvian government. The Canadian company said that the suspension came after the Peruvian government’s aired concerns about permitting tailings dams at the site.
Rio Tinto has now amassed a 49.53% stake in Riversdale Mining. The increased offer of $16.50 per share has helped them gain support for a takeover by the Riversdale Mining board in the absence of a superior offer.
Forte Energy, an international uranium company, has reported the assay results of the final two holes from the 7000m reverse circulation (RC) drilling and the first four hole results from the 1500m diamond drilling at the A238 uranium prospect in northern Mauritania.
By Joel Scanlon
7 Apr 2011
Hunter Bay Minerals has engaged Terraquest to carry out an airborne geophysical survey at its Sela Creek project in eastern Suriname.
By Joel Scanlon
7 Apr 2011
Passport Potash will be expanding the exploration program at Holbrook Basin, Arizona because of the option agreement signed with Ringbolt Ventures.