ANDINA Minerals Inc. (TSX VENTURE:ADM) today announced results from the first six completed drill holes in 2011 at the Ojo de Agua East mineralized zone, situated at the Volcan Project site some 6.5 kms from the known Dorado zone and approximately 4 kms to the north of the proposed Mill and Heap Leach Pad in the Volcan Phase 1 Development Plan.
China's stranglehold on rare earth metals has given jitters to every major economy both developed and developing worldwide after it announced that it would begin restricting export of the minerals last year.
By Joel Scanlon
15 Feb 2011
Paladin Energy (ASX: PDN) has seen its first half net loss grow to $29.5 million as the company revised its production forecast.
Located on the middle fork of the American river near Forest Hill in California, the "Horse Shoe Bar" got its name because of its being naturally shaped like a horse shoe, over a mile and a half around, a few hundred yards wide.
By Dr. Cameron Chai
15 Feb 2011
The largest iron ore producer in Russia is planning to sell 20% of its shares on the London Stock Exchange (LSE). This move of Metalloinvest will expect to value the company at £12.3 billion.
By Joel Scanlon
15 Feb 2011
The Chinese Lunar New Year has seen steel mills stock up on inventory before the holiday period to maintain production. This has led to imports of the three key raw materials for industrial steel production to China rising this month and global prices going up consequently. These raw materials include iron ore, oil and copper.
Korea Resources Corp and Daewoo International Corp have made a non-binding offer to buy the Australian Whitehaven Coal company. Whitehaven is valued at $3.497 billion and has been on the market since late last year. Final bids are expected to be placed by April 2011.
In Kentucky 14 people have had a sit in outside the Governor's office in a bid to convince him to change his stance on mountain top coal mining. The protestors in the Kentucky State Capitol say that they are calling it the "I love the mountains rally". The Governor Steve Beshear said that he would not change his position regarding the issue.
By Dr. Cameron Chai
15 Feb 2011
Diamond Fields International Ltd. (DFI:TSX) has announced that the marine research vessel RV POSEIDON is on the Company's Atlantis II joint venture concession conducting a walk-away, sub-bottom profiling survey using the state-of-the-art Abyss 6000 unmanned autonomous vehicle.
Queiroz Galvao Oleo e Gas, the largest privately-held drilling contractor and provider of drilling and production services in Brazil, today announced that it has named its newly-built, ultra-deepwater dynamically positioned semisubmersible rig, "The Alpha Star".
North American Palladium Ltd. (TSX:PDL)(NYSE Amex:PAL) today released additional drill results from its 2010 exploration program at the Company's gold division in the Abitibi region in Quebec.
Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR)(FRANKFURT:RTW) has announced positive results for the preliminary initial scoping level metallurgical testwork on its Cote Lake Deposit in northeastern Ontario. This testwork was completed by SGS Canada Inc. Mineral Services in Lakefield, Ontario.
Columbus Gold Corporation (TSX VENTURE:CGT) has announced that it has satisfied another condition precedent in its proposed acquisition of the Paul Isnard gold project in French Guiana, first announced on December 3rd, 2010, through completion of its due-diligence on the proposed acquisition.
Colorado-based Connors Drilling and sister company, Sanderson Drilling of Western Australia, today announced they have purchased the assets of the Surface Diamond Division of Swick Mining Services (ASX: symbol SWK) of Australia.
Mandalay Resources Corporation (TSX: MND, MND.WT) has announced that it has commenced commercial production at its wholly owned Cerro Bayo silver-gold mine in Patagonia, Chile, on February 11, 2011, with the shipment of its first concentrate.