Mining Business News

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Mining Industry Looks to Automation‎

Technology is catching up with the mining industry. Soon many mining operations in lonely and desolate areas could be carried out by automation with control centers a few hundred kms away in the cities.

6 Feb 2012

IronClad Mining Hires Former Brockman Resources Boss

IronClad Mining has hired the former Brockman Resources Managing Director, Wayne Richards. Mr Richards is to join IronClad mining six months after an international search was initiated by the company for a new executive.

6 Feb 2012

Tanzanian Royalty Exploration Inks Agreement to Complete PEA of Surface Rubble Deposit

Tanzanian Royalty Exploration has signed a contractual agreement with South Africa-based Consulmet Metals in order to complete a preliminary economic assessment (PEA) of the Kigosi gold project’s gravity recovery unit, located in Tanzania’s Lake Victoria Goldfields.

From TRX Gold Corporation 6 Feb 2012

Newmont Mining Looks to Offload Australian Coal Assets

Newmont Mining is in the situation whereby two overseas companies are hoping to buy its coal tenements. The mining company is selling its coal assets in Queensland which are estimated to hold more than 1.2 billion tones of thermal coal.

From Newmont Mining Corporation 2 Feb 2012

Richmont Mines Completes Private Placement with Bob Buchan

Richmont Mines has completed a Canadian $10 million worth private placement with Mr. Bob Buchan. The gold industry veteran has been appointed to the Board of Directors of Richmont Mines following the investment made by him and two of his immediate family members.

2 Feb 2012

Integra Mining to Acquire Stake in Southern Gold

Integra Mining is to acquire a stake in its neighbor Southern Gold. The 10% interest will give it access to the Bulong Gold Project which Southern Gold runs right next to Integra Mining’s flagship Randalls Gold Project in Kalgoorlie in Western Australia.

From Iondrive 1 Feb 2012