Teck Resources Limited has reached a tentative agreement with union negotiators to end a two month strike in the Elkview metallurgical coal mine. Located in western Canada the Teck Resources owned mine is the largest of the six coal mines owned by the company.
Hong Kong-based base metals company Minmetals Resources (HKSE:1208) hopes to make a takeover bid for Equinox Minerals, an international mining company that is dual listed in Canada and Australia. The bid from the Chinese company may put the target’s hope to acquire Ludin Mining into jeopardy.
By Joel Scanlon
4 Apr 2011
Coal in northeast British Columbia has attracted the attention of a consortium of Chinese investors. The Chinese group hopes to develop three underground coal mines in the area to help secure the key raw material it needs for its steel industry. The ambitious project would cost U.S.$1 billion and create about 6,000 jobs directly and indirectly associated with the mines.
By Joel Scanlon
4 Apr 2011
As per industry research company BIS Shrapnel civil construction work will increase by around 20% over the next two years thanks to the surge in mining operations and flood reconstruction work. However skilled workers from Western Australia may end up leaving as major projects like Pluto LNG and Sino Iron Ore end. The work will pick up again in 2012 as new iron ore and gar projects get ramped up.
By Joel Scanlon
4 Apr 2011
Pitchstone Exploration has received the latest analytical results from reverse circulation (RC) drilling program at the Marble Ridge zone. This is a calcrete-hosted uranium mineralized zone on the Dome property in Namibia.
By Joel Scanlon
4 Apr 2011
QMC Quantum Minerals and Cassius Ventures have completed five drill holes on Carrot River project, where one (P6) is on the Bullet gold target, three holes (P1, P2, P3) on the Bay Whopper gold zone and one (P12) to analyze the Geotech air-borne TEM anomaly on Nickel zone.
By Joel Scanlon
4 Apr 2011
Cream Minerals has released assay results for the drill holes DH 1– 01-11 and DH 1– 02–11 drilled at Nuevo Milenio Silver-Gold Project.
By Joel Scanlon
4 Apr 2011
Legend Gold will begin an extensive drilling program at its Lakanfla project (Lakanfla) in the Republic of Mali, West Africa.
By Joel Scanlon
4 Apr 2011
Kalahari Greentech announces negotiating a Joint Venture Agreement with Franklin Mining to begin an operation for silver, lead and zinc recovery at Escala Mina I in Bolivia.
By Joel Scanlon
4 Apr 2011
VHGI Holdings and VHGI Gold have announced the addition of 24 new claims to the Sun Gold Project situated between Prescott and Mayer, AZ, U.S.A. Now the area of the claim site is above 500 acres compared to the former 80 acres.
By Joel Scanlon
4 Apr 2011
BonTerra Resources has continued drilling on ice and land at its Eastern Extension project.
Arcus Development Group has commenced an airborne magnetometer survey at its Dawson Gold project area.
By Joel Scanlon
2 Apr 2011
UnionTown Energy is nearly completing the definitive agreement to buy a 1,480-acre oil and gas property in the Madison structure in Montana.
By Joel Scanlon
31 Mar 2011
FormCap is a rising exploration and development firm in the oil and gas sector. The company has signed the Farm-out agreement for oil and gas exploration in the Peco Area of Alberta on March 16, 2011.
By Joel Scanlon
31 Mar 2011
Treasury Metals has released additional drilling results from the present 20,000 metre diamond drilling program at Goliath Gold Project.
By Joel Scanlon
31 Mar 2011