Osisko Mining Corporation gave fresh data on its Malartic mine in Quebec based on a recently concluded resource estimation. The Montreal based mining company used the services of independent consultants G Mining Services to disclose the revised annual mine production plan.
Mining contractor NRW Holdings has bagged a contract from Rio Tinto for earthworks and primary civil works in the Pilbara region. The $160 million worth 12 month contract will see work at the Brockman project and the Western Turner Syncline project.
By Joel Scanlon
1 May 2011
Medusa Mining has announced that it has produced 25,114 ounces of gold in the March quarter. The Philippines focused Australia and Canadian listed miner said that gold production costs were US$191 per ounce after being recovered from an average grade of 11.58 g/t gold ore.
Extract Resources is a uranium explorer hoping to conduct business in Namibia. The company has said that it will be seeking clarification from the Namibian government on comments that were made by it regarding plans to assign almost all mining and exploration rights to the state owned mining company.
By Joel Scanlon
1 May 2011
In a new report the International Monetary Fund (IMF) has warned Australia to save the revenue that it is generating from the mining boom in order to deal with the upcoming challenge of handling an aging population.
By Joel Scanlon
1 May 2011
Sandvik Mining and Construction and Shandong Energy Machinery Co. in Xintai, Shandong Province, China, have signed an agreement to form a 50/50 owned joint venture for the production and sales of coal mining equipment.
Esperanza Resources has commenced drilling at the Pucarana project. The company has planned to drill 2,500 meters totaling 10 diamond-drill core holes.
By Joel Scanlon
30 Apr 2011
Treasury Metals has announced the addition of a third drill rig to the Goliath Gold project. The company is extending the ongoing 20,000 metre diamond drill program to 30,000 metres.
INV Metals has announced an update on exploration at the Rio Novo property in the Carajás County, Brazil and the Itaporã property in the Pará state, Brazil.
By Joel Scanlon
30 Apr 2011
Goldeye Explorations has begun a 2,500 to 3,000 metre diamond drill program on April 27, 2011 at its Shining Tree project in northeastern Ontario.
By Joel Scanlon
30 Apr 2011
Ethiopian Potash is constructing a field camp and the camp is getting ready to take delivery of the drill crews by the month end and the company expects to begin the 15,000 meter drilling campaign in early May.
By Joel Scanlon
30 Apr 2011
First American Silver has signed a Definitive Lease Agreement with Anthony A. Longo and Pyramid Lake to acquire the Mount Jackson property.
By Joel Scanlon
30 Apr 2011
Frontier Mining announced that it was restarting the mining and crushing operations at the Koskuduk mine. The gold mining operations at Koskuduk had been shut down in November 2010 for the winter season. The mine was scheduled for a May opening but with good weather having played a major role the mine is being restarted a week earlier.
BHP Billiton boss Marius Kloppers feels that the Chief Executive Officers of China’s state owned companies had unrealistic expectation of how quickly you can commission projects in Australia. He added that the failure of mining investments has made the global prices for commodities stay at record levels.
The Queensland Government has come under criticism by a state MP for agreeing to have health care financed by the mining industry. The Queensland Gas company is going to fund the construction of a new satellite renal unit at Gladstone hospital and upgrades to the operating theatre, as announced by Premier Anna Bligh.
By Joel Scanlon
28 Apr 2011