The Aluminum Corporation of China Ltd (Chinalco) is getting into a joint venture involving rare earths. The company is set to buy a controlling stake in the rare-earth subsidiary of the state-owned Guangxi Nonferrous Metals Mining Group.
By Joel Scanlon
12 Apr 2011
Moly Mines have secured finances for developing the Spinfex Ridge molybdenum copper mine. Hanlong Mining, the majority shareholder in the project, has managed to obtain a $500 million financing facility from the China Development Bank for the project located in Western Australia.
The University of Queensland has awarded an internal fellowship scheme to foster research excellence in applications that deal with water technology issues in the mining industry. It is one of 15 successful applications for the award given to Vice-Chancellor's Senior Research Fellowships.
By Joel Scanlon
11 Apr 2011
Geologix Explorations has released the closing option payment of US$2.3 million property because of the primary vendor and acquires a 100% interest in the 138 km2 property package in Michoacán state, Mexico
By Joel Scanlon
11 Apr 2011
Prospero Silver has engaged Geotech, a contractor, to perform a ZTEM (z-Axis Tipper Electromagnetic System) and magnetic helicopter airborne geophysical survey.
By Joel Scanlon
11 Apr 2011
Golden Reign Resources is a mineral exploration group involved in exploring the San Albino-Murra property situated in Nueva Segovia, Nicaragua.
By Joel Scanlon
11 Apr 2011
Cluff Gold has received a new licence for gold exploration in Western Mali.
By Joel Scanlon
11 Apr 2011
Denarii Resources is a company that explores and develops mineral resources, which possess a 100% interest in the McNab Molybdenum property situated in Southwest British Columbia, Canada and the Bateman gold and nickel property next to Thunder Bay, Ontario, Canada.
By Joel Scanlon
11 Apr 2011
The Ranger uranium mine has been mining on a lease inside the Kakadu National Park for 30 years. Now following the Japanese Fukushima nuclear fiasco the traditional land owners say that they do not want uranium mining to continue on their land. The Mirarr people want the Jabiluka uranium deposit to not be mined and included into the national park protection area.
By Joel Scanlon
10 Apr 2011
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