Riversdale Mining is being taken over by Rio Tinto but Tata Steel will continue to hold a stake in the coal mining company. B. Muthuraman the Tata Steel Vice Chairman said on Monday that the company would not divest its stake in the Australian miner currently being acquired by Rio.
By Joel Scanlon
27 Apr 2011
Revolver Resources is hoping to reverse the takeover deal of Oculus Mining S.A. The Toronto Stock Exchange listed company Revolver Resources has halted trading while the required documentation is filed with the TSX Venture Exchange.
By Joel Scanlon
27 Apr 2011
By Joel Scanlon
27 Apr 2011
Quantum Rare Earth Developments has started drilling operations at the Elk Creek Carbonatite project in southeastern Nebraska.
By Joel Scanlon
27 Apr 2011
Dejour Energy has announced that it will drill a primary well vertically to analyze the Mancos/Niobrara prospective at its 7,000-acre leasehold in Rio Blanco County, Colorado.
By Joel Scanlon
27 Apr 2011
Trelawney Mining and Exploration has submitted the technical report on the Cote Lake deposit in Chester property, Canada to regulatory authorities. Roscoe Postle Associates has prepared this report dated on April 21, 2011.
Bering Exploration has commenced the process, which is to be approved by the Texas State to perform drilling operations in Texas. The company is anticipating the approval in the subsequent thirty days.
By Joel Scanlon
27 Apr 2011
Wildcat Silver has released two additional step-out hole results from its Hermosa property in Santa Cruz County, Arizona.
By Joel Scanlon
27 Apr 2011
Mart Resources, Midwestern Oil and Gas and SunTrust Oil have announced positive preliminary assay results from the first zone at UMU-7 well, which is situated in the Umusadege field, onshore Nigeria.
By Joel Scanlon
27 Apr 2011
Estrella Gold has begun a 2,500 meter core drilling program at its Pucarana gold project in southern Peru.
By Joel Scanlon
27 Apr 2011
The Minnesota Department of Natural Resources is to begin an action of 621 parcels of land for mineral leases on Thursday. This is in spite of landowner concerns regarding the issue. The opponents of the process feel that the state is allowing too much prospecting too fast and there may be severe repercussions.
By Joel Scanlon
26 Apr 2011
Crowflight Minerals said that it had received permission from the Mine Safety Branch of the Manitoba Government to resume its operations at the Bucko Lake Nickel Mine on April 22, 2011.
By Joel Scanlon
26 Apr 2011
The ban on sand mining in non-coastal regulatory zone areas of Ratnagiri and Sindhudurg have been lifted for two years. The Ministry of Environment and Forests has announced that the ban was temporarily lifted on Monday. The lifting of the ban will bring relief to builders in the Indian state of Maharashtra who have been facing a shortfall of sand for construction purposes.
By Joel Scanlon
26 Apr 2011
In a bid to diversify and grow Barrick Gold has stepped into the copper market by masterminding a $7.14 billion aquisition of Equinox Minerals. In a move that shook up the mining industry the Canadian miner said that it was planning to expand its potential gold and copper reserves by buying Equinox Minerals on Tuesday. This puts rest to Minmetals’s takeover bid for the company which was of $7.3 billion value.
Wayne Swan the Australian Treasurer said in his weekly economic note that the Budget would be focusing on spending cuts. He said that the government would be required to cut down on expenses as the current mining boom will place inflationary pressures on the economy.
By Joel Scanlon
26 Apr 2011