Focus Ventures Ltd. (TSX-V: FCV.V) has announced that its joint venture partner, Compañia de Minas Buenaventura (NYSE: BVN; "Buenaventura"), has commenced a drill program at the Minas Chanca silver property in Peru.
Arch Coal will pay a $4 million fine for clean water violations at four of its mining operations in three different states. The US Justice Department has charged the company with releasing too much iron, manganese, suspended solids and other pollutants into streams in Virginia, West Virginia and Kentucky.
By Joel Scanlon
2 Mar 2011
The Democratic Republic of Congo is going to lift the ban on mining in the eastern sector in March 2010. The Mines Minister Martin Kabwelulu said on Tuesday that the ban on mining activities and exports that was applied to North Kivu, South Kivu and Maniema would be lifted.
By Joel Scanlon
2 Mar 2011
Western Australian finances have gone from a deficit to an opening surplus of $1.1 billion piggybacking on the higher royalties for iron ore this year. The strong earnings from the mining sector have shown the surplus for the first six months of the 2010-11 financial year.
The government of Papua New Guinea has decided to go ahead with the world's first deep sea mine despite protests from local advocacy groups. The company Nautilus Minerals has been granted a licence in January this year to extract gold and copper from the sea floor.
By Dr. Cameron Chai
2 Mar 2011
In the next financial year Australia will earn $251 billion from commodity exports as per the forecasts from the federal government. With the mining boom looking good for another decade and the prices for farm goods like wheat, cotton and sugar rising the export earnings for the country will most likely rise by 9% compared to the last financial year.
By Dr. Cameron Chai
2 Mar 2011
Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) has announced that it has received an exercise request from Shandong Fulun Steel Company for its 7,000,000 warrants as part of the framework agreement between the two companies (Press Release September 29, 2010) at a price of $0.55.
Beaufield Resources Inc. (TSX VENTURE:BFD) has announced that Actus Minerals Corp. (TSX VENTURE:AAC) has received Exchange acceptance to its option agreement with Beaufield.
Exeter Resource Corporation (TSX:XRC) (NYSE Amex:XRA) (FRANKFURT:EXB) has announced that it has entered into an option agreement with Xstrata Copper to acquire 100% of the Sideral project adjacent to its Caspiche gold-copper porphyry property in the Maricunga gold district of Chile.
Green Technology Solutions, Inc. (OTCBB:GTSO) announced today that its representatives are scouting Mongolia for new rare earth mining claims ideally suited to the company's goals.
The Bureau of Offshore Energy Management, Regulation and Enforcement has approved the first permit to restart deepwater drilling operations in the Gulf of Mexico since the Macondo spill incident, referencing availability of containment solutions like the Helix Fast Response System as a deciding factor in allowing drilling to resume.
Aurion Resources Ltd. (TSX VENTURE:AU) has reported that it has finalized a Definitive Agreement with Gammon Gold Inc giving Gammon the option to earn up to a 70% interest in Aurion's 100% owned 20,827 - hectare La Bandera gold project in Durango, Mexico.
Paramount Gold and Silver Corp. (NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) said today it has reviewed the news release issued by Coeur d'Alene Mines Corporation on February 28, 2011 in which Coeur suggests that the Don Ese structure which Paramount successfully drilled on Paramount's San Miguel Project in northern Mexico in late 2010 may be located on Coeur's concessions.
Commerce Resources Corp. (TSXV: CCE) (FSE: D7H) (OTCQX: CMRZF) has announced that it has begun mobilizing field crews in advance of the 2011 winter/spring drill program at the Ashram Rare Earth Element Zone located at the Eldor Property in northeastern Quebec.
Cortez Gold Corp. (TSX VENTURE:CUT) has provided an update on surface exploration sampling carried out on the Petlacala Gold-Silver Project, Guerrero State, Mexico.