Medallion Resources Ltd has announced that it would be acquiring existing holdings of the reddish-brown phosphate mineral Monazite that contains rare earth metals as part of its new strategy. Medallion has also decided not to invest more funds into the exploration of the Eden Lake property in Manitoba, Canada.
Image Resources is beginning their feasibility study on the North Perth Basin Heavy Mineral Project in Western Australia. The company owns the property outright and hopes to begin production by 2014. This is supported by the Scoping Study completed in August 2011.
Eramet, the world's 2nd-largest producer of manganese alloys for steelmaking and Mineral Deposits Limited, a Melbourne, Australia based mining company developing the world class Grande Côte Mineral Sands Project in Senegal, West Africa, are to sign up for a joint venture to develop their assets in Senegal and Norway.
The ban on sand mining in non-coastal regulatory zone areas of Ratnagiri and Sindhudurg have been lifted for two years. The Ministry of Environment and Forests has announced that the ban was temporarily lifted on Monday. The lifting of the ban will bring relief to builders in the Indian state of Maharashtra who have been facing a shortfall of sand for construction purposes.
The Queensland Resources Council wants the state to ease up and allow more mining exploration. The chief of the Queensland Resources Council Michael Roche said that the horrible environment for mining exploration in the state is getting even worse. The state’s policy settings are going from bad to worse as the Labor government tries to please the Greens by going back on its promises to the mining community.
Matamec Explorations Inc. (TSX VENTURE:MAT) has announced that assay results have been received for a further eight DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.
The mining industry may face an acute shortage of manpower in the next few years as per a report from professional services organization Deloitte. The report said that the industry will need 58,000 more workers by 2020 to maintain the production levels that the industry has at present.
The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
Mr Kevin Rudd was warned by Australian Government solicitors (AGS) that there might be legal problems with the proposed mining Resources Super Profits Tax (RSPT) as per new evidence which came to light yesterday during a Senate estimates hearing.
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