ECU Silver Mining has announced the high-performance deep hole diamond drill position that turned up at the Velardeña Property on March 23, 2011.
By Joel Scanlon
15 Apr 2011
Silver Dragon Resources has announced that its 40% equity owned joint venture, Sanhe Sino-Top Resources and Technologies, has started permitted exploration for this year at its three properties in Northern China.
By Joel Scanlon
15 Apr 2011
ESM Refiners, a subsidiary of Casey, has started due diligence to buy the properties for exploration and mining at the Oriental area in Paraguay.
By Joel Scanlon
15 Apr 2011
Australian miners seem to be working ‘high’ on a drug similar to cannabis. The substance called Kronic is marketed as, “the closest thing to legal weed on the market”. Made in New Zealand, Kronic can be bought legally and is undetectable via on site drug tests.
By Joel Scanlon
14 Apr 2011
Oz Minerals has announced a 2% rise in first quarter of copper production. From the Prominent Hill mine the company output 25,708 tonnes of copper in the quarter, this is higher than the 25,185 tonnes of copper in the previous quarter.
Junior Canadian miner Pacific Iron Ore is looking at selling strategic assets to help boost its share price. The company has hired financial advisory firm AltaCorp Capital Inc to help them identify and evaluate alternatives that would enhance its shareholder value.
By Joel Scanlon
14 Apr 2011
Whitehaven Coal Ltd is an Australian coal mining company that put itself up for sale last October. Whitehaven says that a number of parties have submitted formal proposals for the company and it is now in discussion with a number of these parties to determine which proposal is likely to be recommended by the board of directors.
Physics of Geological Processes (PGP) is a Norwegian Center of Excellence with the mission to obtain a fundamental and quantitative understanding of the complex patterns and processes of the Earth. PGP has a major initiative to understand the deformation of and transport in tight rocks. This has applications to hydrocarbon source rocks, gas and oil extraction from shales and CO2 sequestration.
At this year's AAPG show, Carl Zeiss and Ingrain Inc. announced a further strengthening of their collaboration. With the purchase of an additional AURIGA® CrossBeam® FIB-SEM workstation, Ingrain has broadly increased its capacity for analysis of shale rock properties at the pore scale.
Fortescue Metals Group (FMG) was affected by the recent bad weather in Australia as heavy rains saw it shipping 11.5 % less iron ore in the March quarter this year as compared to the previous year.
Glencore International, a Switzerland based commodities trader, is all set to announce a partial public flotation. The Initial Public Offering (IPO) for Glencore International will allow it to move towards more acquisitions.
By Joel Scanlon
13 Apr 2011
Century Mining Corporation has restarted its milling operation at the San Juan gold mine in Peru. Ggold milling had been suspended two weeks ago after the suspension order was given by the Peruvian Government. The suspension had been ordered as the government was concerned about the permission and construction of the tailings areas for the company.
Lundin Mining is not in favour of the hostile takeover bid from Equinox Minerals. The unsolicited Canadian $4.7 billion bid should be rejected by shareholders if the board of director’s recommendation is to count. Equinox Minerals itself has refused a $6.3 billion offer from China’s Minmetals Resources calling it opportunistic.
The approval of the $800 million phosphate mine in the outback of Queensland will put pressure on housing in the area. The phosphate mining lease approved by the state government will allow Legend international Holdings to operate two of its mineral reserves in the north of Mount Isa.
By Joel Scanlon
13 Apr 2011
The federal government is going to push free trade in an attempt to improve the economic condition of Australian states that have not benefited by the mining boom. Prime Minister Julia Gillard is going to give a thrust to a new round of trade liberalization to help non-mining states that are struggling to keep pace with the resources boom.
By Joel Scanlon
12 Apr 2011