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Nalco Shoots for African Uranium

After failing to acquire the copper mine in Namibia with Hindustan Copper, Indian company Nalco, Asia's largest, and one of the world's leading aluminium companies, has now decided to shoot for uranium assets in the African country.

6 Sep 2010

Newcrest Mining Seeking New Mergers and Acquisition

After acquiring Lihir Gold for $10 billion, Newcrest Mining is now looking for fresh mergers and acquisition opportunities in the Asia-Pacific and West Africa regions.

From Newcrest Mining Limited 6 Sep 2010

Call to Ban Prosperity Mine Proposal Gaining Momentum

The call to reject the Prosperity Mine proposal has received strong support from the Union of British Colombia Indian Chiefs in Canada. It is also supported by the Tsilhqot'in Nation, Esketemc First Nation, Canoe Creek Band and the Northern Shuswap Tribal Council.

From Taseko Mines Limited 3 Sep 2010

Ascot Resources Hoping to Drill Near Mount St Helens Volcano

Ascot Resources, a Canadian mining company is hoping to drill near Mount St. Helens to determine if it is a viable site for mining minerals. The site is about 12 miles from the volcano.

From Ascot Resources Ltd. 2 Sep 2010

Chile to Reform Mining Tax

Chile is reforming the mining tax on the mining industry and as the world’s largest producer of copper it will be able to raise close to a billion dollars over the next three years if the new tax bill is passed.

1 Sep 2010

Lundin Mining Sitting on More Copper Reserves Than it Thought

Toronto-based Lundin Mining, a diversified base metals mining company has boosted its copper reserves and resources at its Nerves-Corvo mine in Portugal as per its six monthly update. The Toronto based mining company reported its resource and reserve estimates on June 30 for its European and African mines.

From Lundin Mining Corporation 1 Sep 2010

Singapore Exchange Considers Offering Non-Ferrous Metal Futures for Trading

The Singapore Exchange Ltd is considering offering non-ferrous metal futures contracts for trading on its derivitives market.

31 Aug 2010

Historic Deal Sees Mining Royalties Paid to Canadian Aboriginal People

In a historic first, the government of British Columbia, Canada has agreed to share taxes collected from a new mine with the aboriginal people who are the traditional land owners of the region where the mine will be located.

From New Gold Inc. 26 Aug 2010

OZ Minerals Posts $405 Million Profit

As the signs of financial recovery continue to affect the mining industry OZ Minerals presented a net profit for the six months ending 30 June 2010 at $405.7 million. A marked improvement compared to the $580.7 million loss it reported in the corresponding period last year.

From OZ Minerals Limited 25 Aug 2010

Problems Ahead for Tampakan Copper Gold Project

The ban on open pit mining in the Philippine province of South Cotabato will be pushed through unless a court issues a restraining order or if local lawmakers craft a new directive. Gov. Arthur Pingoy Jr. said.

24 Aug 2010