At the Chambishi Copper Smelter in Zambia about 600 workers have stopped work as they demand higher wages. The joint venture is owned by China Nonferrous Metals Corporation and Yunnan Copper Industry and is situated about 370 km north of Lusaka.
By Joel Scanlon
28 Mar 2011
Brazilian iron ore miner MMX Mineracao e Metalicos SA (MMX) which is controlled by Eike Batista posted a profit for the second consecutive quarter as it expanded its iron ore production.
By Joel Scanlon
27 Mar 2011
The Newmont Mining Corporation board of directors have announced the approval of funds for the Akyem gold project in Ghana. The project has been cleared by the board to the fourth stage in its four gate project review process that will now be somewhat similar to the bankable feasibility approval.
Leighton Contractors, a wholly owned subsidiary of the Leighton Holdings Group, has won two new gold mining contracts, one in Western Australia and the other in the Northern Territory. The combined worth of these mining contracts is $317 million. Shares in the company shot up after the announcement last week.
By Joel Scanlon
27 Mar 2011
The Queensland Resources Council wants the state to ease up and allow more mining exploration. The chief of the Queensland Resources Council Michael Roche said that the horrible environment for mining exploration in the state is getting even worse. The state’s policy settings are going from bad to worse as the Labor government tries to please the Greens by going back on its promises to the mining community.
By Joel Scanlon
27 Mar 2011
Ironclad Mining is making great progress on developing the Wilcherry Hill Iron Ore Project in South Australia. There has been an estimated 69.3 million tonnes of near surface crystalline magnetite ore discovered at Wilcherry Hill. Of this 48 million tonnes is indicated and 21 million tonnes is inferred.
By Joel Scanlon
27 Mar 2011
President Obama seems to be sending out mixed signals as far as fuels and energy generation go. While the Obama administration has been saying that it is tough on dirty fuels the claim falls flat when you hear that Interior Secretary Ken Salazar yesterday announced an enormous expansion in coal-mining in the U.S. About 7,590 million tons of coal currently in federal land in Wyoming will soon be leased to mining companies.
By Joel Scanlon
27 Mar 2011
Australian resources company BHP Billiton is going to make a capital investment of $9.5 billion to expand its Australian iron ore and coal mining operations. The largest miner in the world has now planned to expand its own mines after it failed to take over three acquisition targets in the last year.
Almaden Minerals has announced drilling results from holes TU-11-15 through 17 at Ixtaca zone in Tuligtic property.
Eloro Resources has acquired the Simkar gold property near Val-d'Or, Québec from Megastar Development. Eloro issues 70,000,000 common shares to Megastar for this acquisition.
Astral Mining has commenced Phase I surface exploration program at the Los Crestones epithermal gold-silver project in Sierra Madre gold-silver belt, in Sinaloa, Mexico.
By Joel Scanlon
25 Mar 2011
Petro Vista Energy has begun drilling of Morichito-5B deeper pool exploration and appraisal well at the Llanos Basin in Colombia.
By Joel Scanlon
25 Mar 2011
Great Quest Metals announces mobilization of geologists and drilling of 16 holes at the Sanoukou gold project in western Mali.
Xstrata has been given federal approval for its Wandoan Coal Project which is likely to develop into the largest open cut coal mine in the southern hemisphere.
By Joel Scanlon
24 Mar 2011
The BG Group has decided to halt the construction of the coal seam gas pipeline of its Australian arm QGC. The $15 billion worth Queensland Curtis Island coal seam gas to LNG project has run into a wall thanks to some of its environmental management plans having not been approved. QCG made the announcement about halting work on the pipeline last Thursday.
By Joel Scanlon
24 Mar 2011