Ric Stowe the owner of collapsed energy supplier Griffin Coal is drawing millions of dollars in fees from the company even as the company owes over $1 billion to its creditors and staff.
By Dr. Cameron Chai
14 Feb 2011
The Australian Greens are questioning the true stance of the government on the issue of selling uranium to India. The public stance of the government is that the developing nation must sign the nuclear non-proliferation treaty before it is allowed to import uranium from Australia.
By Joel Scanlon
14 Feb 2011
The Andina Copper mine in Chile has resumed full production with mine workers returning to work after heavy rainfall and landslides had prevented access on Feb 11. The state owned mine in central Chile is now functioning normally as per officials.
By Joel Scanlon
14 Feb 2011
Argosy Minerals (ASX:AGY) is hoping to raise Australian $1.49 million via a placement of 14.9 million shares at a rate of $0.10 per share. The funds raised through the placement will be used to develop the iron ore prospects the company owns in Sierra Leone and also as working capital.
By Joel Scanlon
14 Feb 2011
BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.
Glencore International AG’s Mopani Copper Mines may have irregularities in tax submissions as per the director general of the Zambian revenue authority.
By Dr. Cameron Chai
14 Feb 2011
CALAIS RESOURCES, INC (Pink Sheets: CAAUF), a development stage mineral exploration company, is pleased to announce that SRK Consulting (U.S.), Inc. has completed Canadian National Instrument 43-101 compliant technical reports for each of Calais' mineral properties located in Colorado and Nevada.
Corazon Gold Corp. (TSX VENTURE:CGW) has announced that it has begun a 3000 metre core drilling program at its Santo Domingo property in central Nicaragua, located 10 kilometres east of B2Gold's La Libertad mine. Corazon has contracted Rodio Swissboring Nicaragua to complete this first phase of drilling.
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) has announced that it has received assay results from an additional five drill holes from the Company's current 10,000 meter drill program.
Mandalay Resources Corporation (TSX: MND, MND.WT) announced today that it has launched a board-approved exploration program for 2011 totaling US$11.7 million and 91,000 metres across its portfolio.
Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has identified a second potential development project in the Bismarck Sea in Papua New Guinea, to follow its groundbreaking Solwara 1 project currently in the final stages of planning.
QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI) has announced results from an additional 15 diamond drill holes (1,307 m) completed on the 100% owned Bidgood property located in Lebel Township, Kirkland Lake, Ontario.
Orosur Mining Inc. (TSX-V:OMI)(AIM: OMI), a South American-focused gold producer and explorer, announces an exploration update for its Chilean and Uruguayan exploration programs.
Riverside Resources Inc. (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT:R99) has announced that BCY Resources Inc. (TSX VENTURE:BCY) and Riversides Resources Inc. have entered into an option agreement whereby BCY can acquire a seventy-five percent (75%) interest in Riverside's 100% owned Catrina, Escondida, and Pedernal projects, located in Durango and Zacatecas, Mexico (collectively the "Durango Properties").
Batero Gold Corp. has announced the initiation of preliminary metallurgical testing by G & T Metallurgical Services Ltd at Batero's 100%-owned Batero-Quinchia project in Risaralda, Colombia. G & T Metallurgical has been chosen as the preferred partner due to its experience and reputation for excellence.