Mining Business News

RSS

GeoGlobal Resources Finalizes Assignment Agreement

GeoGlobal Resources has concluded the terms of the Assignment Agreement, which has been signed with a third party and has acquired the rights and obligations of the assignment of the third party for a current Drill Rig and Associated Services Contract for a drilling rig, which is semi-submersible.

4 Jul 2011

OGX Discovers Occurrence of Hydrocarbons in OGX-47 Well

OGX Petróleo e Gás Participações (OGX) has discovered the existence of hydrocarbons in 1-OGX-47-RJS well’s Santonian section, in Santos Basin’s shallow waters, in the BM-S-59 block. The company has a 100% working interest in this block.

4 Jul 2011

Proposed Mining Tax Not Good for Australia: New Report

In another setback to the mining tax proposed by the federal government a senate inquiry found that it would affect Australia’s competitiveness and should be cancelled. The Western Australia Liberal senator and committee’s chairman Mathias Cormann summarized the findings on the minerals resource rent tax (MRRT) in Perth.

30 Jun 2011

Castillian Resources to Conduct Titan 24 Survey at Hope Brook Gold Property

Castillian Resources has engaged Quantec Geoscience to perform a Titan 24 survey at its Hope Brook gold property in Newfoundland.

30 Jun 2011

Typhoon Exploration Begins Airborne Surveys at Fayolle Property

Typhoon Exploration commences the airborne electromagnetic and magnetic geophysical surveys at the Fayolle property.

30 Jun 2011

IUCN Looks to Protect World Heritage Sites from Mining

The International Union for Conservation of Nature (IUCN) has called for a mining ban across all world heritage sites. The leading conservation group is an advisor body to the UNESCO on natural sites.

29 Jun 2011

Bob Brown Claims Mining Profits End Up Overseas

The Australian Greens leader Bob Brown said that the majority of mining profits are heading out of the country. He based his statement on a report that found that $50 billion will be paid in dividends to foreign owners over the next five years by the mining industry.

29 Jun 2011

Puma Exploration Acquires Additional Private Land at Nicholas-Denys Project

Puma Exploration has acquired additional private land, which is adjacent to the location of the previous mine facilities at its Nicholas-Denys silver project, New Brunswick.

29 Jun 2011

Beaufield Resources Completes Drilling Program at Tortigny Deposit

Beaufield Resources has completed the present drilling phase at its Tortigny zinc-copper-silver deposit, which is situated 100 km north of Chibougamau in Quebec.

29 Jun 2011

Canada’s Assembly of First Nations Hosts Summit on Energy and Mining

Canada’s Assembly of First Nations (AFN) is hosting the International Indigenous Summit on Energy and Mining this week from June 26 to 29. The Assembly of First Nations National Chief Shawn Atleo and the National Congress of American Indians President Jefferson Kee will launch the first-ever international indigenous energy and mining summit in Niagara Falls.

28 Jun 2011