Dr. Cameron Chai

Articles from Cameron

Mine Expansions Create Boom in Mt Isa

The expansion of the George Fisher mine in Queensland, Australia may cost $274 million, but will also provide the Mount Isa region with hundreds of jobs. The zinc mine is one of the largest in the world and is owned by Xstrata. Located in north west Queensland the mine is hoping to produce 30% more zinc after the expansion by 2013.

10 Nov 2010

Randgold Resources Pours First Gold at Ivory Coast Mine

Randgold Resources Ltd. has announced their first gold pour from the Tongon mine in the Ivory Coast. The company had forecast an average annual production of about 277,000 ounces of gold from the mine. The first bar of gold was produced with great ceremony in the presence of government representatives and other dignitaries.

9 Nov 2010

Galaxy Resources Gets Financial Boost from China

Galaxy Resources (ASX:GXY) is getting a financial shot in the arm from two of China's richest men. The money will come from Li Shu Fu, who controls Hong Kong listed carmaker Geely and 44-year-old Wu Yue Ming, the owner of fast-growing conglomerate Fengli.

9 Nov 2010

Collahuasi Copper Mine Running Smoothly Despite Strike Action

The Collahuasi copper mine is said to be running normally even as the workforce strike enters a fourth day as per the joint owners Anglo American and Xstrata.

9 Nov 2010

Zimbabwe Knocked Back by Kimberley Process for Diamond Exports

Zimbabwe has still not managed to get approval from the Kimberley Process Certification Scheme (KPCS) to sell its diamonds from the controversial Marange field. KPCS officials were hoping to reach an agreement by Thursday but this did not materialize.

8 Nov 2010

China Looks to Sure Up Mineral Resources with Domestic Exploration

The Chinese domestic mining industry is set to get a major financial shot in the arm as it gets ready to spend 30 billion yuan or almost 4.5 billion dollars on domestic exploration activities over the next five years. The hunt for domestic mineral deposits is part of an effort by China to reduce its reliance on imported material.

8 Nov 2010

Jewellers Threaten to Boycott Metals from Controversial Alaskan Mine

Alaska's wild salmon industry has received support from Jewellery retailers from the United Kingdom and the U.S.

4 Nov 2010

Canada Rejects Taseko's Planned Gold/Copper Mine

The Canada Government has rejected the $815 million proposed Prosperity gold and copper mine to be located in British Columbia. This decision comes despite the plans of Vancouver based miner Taseko Mines being approved by the provincial government.

4 Nov 2010

Iron Ore Price Negotiations for 2011 Commence

With the proposed joint venture between BHP Billiton and Rio Tinto literally turning to dust in Australia's Pilbara, the main beneficiaries of the collapsed deal appear to be the Chinese.

3 Nov 2010

Weir Group Re-Enters FTSE 100

British engineering company Weir Group has done so well this year that it has re-entered the FTSE 100 Index. Based on a strong financial performance it has also upgraded its profits forecast for the current financial year. According to estimates by analysts the company is expected to report a pre tax profit of about £278 million for the fiscal year 2010.

2 Nov 2010