Namibia is expecting about $3.5 billion worth of investments into its mining sector over the coming five years. As per the Mines and Energy Minister Isak Katali, the mining industry accounts for 15% of its total economic output in terms of GDP in the financial year ending March 2011.
By Joel Scanlon
21 Apr 2011
Mongolia is now set to make its mark on the global mining stage. The nascent industry has been receiving expressions of interest from international investors ever since the riches beneath the Gobi desert have been discovered.
By Joel Scanlon
21 Apr 2011
Mining giant Xstrata is hoping to expand its operations at the Ernest Henry mine in Queensland by buying two copper tenements from Exco Resources.
By Joel Scanlon
21 Apr 2011
The Australian Treasurer Wayne Swan spoke to the Queensland Media Club and told them that there would be no rivers of gold from the mining industry in the upcoming budget.
By Joel Scanlon
21 Apr 2011
Sandstorm Gold has received positive assay results from seven new drill holes at the Aurizona mine, which is possessed and run by Luna Gold.
By Joel Scanlon
21 Apr 2011
Mercer Gold is continuing additional testing on the latest drilling at its Guayabales Gold Project, near Marmato town.
By Joel Scanlon
21 Apr 2011
Manson Creek Resources has announced that the exploration program for 2011 is ongoing at the Virgin Arm gold project in Newfoundland. The company will begin a comprehensive soil sampling program for the 18.6 line kilometer.
By Joel Scanlon
21 Apr 2011
Castle Peak Mining has entered into an agreement with Reflex Drilling and has moved a diamond drill rig to the high-preference targets on the Nkwanta concession.
By Joel Scanlon
21 Apr 2011
Benton Resources has purchased 100% interest in the Abernethy gold project. This project is situated 10km southwest of Kenora, Ontario.
By Joel Scanlon
21 Apr 2011
Meadow Bay Gold has released the drilling results from its Colorback gold project, which is situated between Pipeline and Hilltop Gold deposits of Barrick, Nevada.
By Joel Scanlon
21 Apr 2011
The Prime Minster of New Zealand announced that NZ$3.5 million would be contributed by the government to Greymouth events centre as a tribute to miners who died at Pike River.
By Joel Scanlon
20 Apr 2011
Montero Mining and Exploration has asked Mintek, a South African research center to develop a rare earth element extraction process flow sheet for its flagship project. Montero’s main project is the Wigu Hill exploration project in Tanzania.
By Joel Scanlon
20 Apr 2011
Newcrest Mining has cut down its guidance for gold output for the full year thanks to flooding and suspension of mining operations at the Bonikro mine.
Capstone Mining Corporation (TSX:CS) announced on Sunday that it has decided to acquire the Far West Mining Ltd company.
Leighton Holdings (ASX:LEI) has won a mining service contract as part of a joint venture in Botswana. The 66 month contract is worth AUD$586 million and is at the richest diamond mine in Botswana. The Australian company is the world’s largest contract miner and holds 60% of the contract.
By Joel Scanlon
20 Apr 2011