After Aboriginal Affairs and Northern Development Canada finished the clean up at the Colomac gold mine site, mining company Merc International has acquired the property. The mine was previously owned by Royal Oak Mines when it went bankrupt.
Anglo American is planning to sell its stake in the Amapa iron ore project in northern Brazil. It is considering selling its majority stake in the project so that it can concentrate on the development of its Minas - Rio project in the south of Brazil.
Newcrest Mining is seeing its share value plunge this week after the grades at three of its mines in Australia were revealed to be diminishing. The shares came down 85 cents to rest at $30.22 on Tuesday, rising to $31.65 at midday Wednesday (AEST).
Eldorado Gold is to buy European Goldfields in a cash-cum-shares deal worth Canadian $2.4 billion. Eldorado will acquire all of the issued and outstanding common shares of European Goldfields with an arrangement under the Yukon Business Corporations Act.
African nations have decided to use the wealth that comes in from the mining industry for the development of the weaker sections of their economies.
Iron ore prices are constantly rising and will fuel the Australian resources boom for at least one more year as per the Bureau of Resources and Energy Economics.
Employment opportunities in the mining sector in Western Australia are growing steadily. The Australian Bureau of statistics has shown that total mining employment has hit 100,000 in the state and is likely to rise.
Wildcat Exploration has completed the early drilling campaign that includes three holes, totaling 510 m, on two targets located at the Burntwood property. This property is situated in the productive Thompson Nickel Belt.
Fire River Gold Corp. has decided to shut down its operations at the Nixon Fork gold mine in Alaska as bad weather was delaying flights with fuel supplies. The temporary shut down was imperative as the fuel supply had been delayed for three days.
The long dispute over the native title with the Kalkadoon people seems to be finally drawing to a conclusion. The claim which was made twenty years ago deals with about 40,000 square km of area spread over Boulia, Mount Isa, McKinlay, Cloncurry and Carpentaria shires.
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