Canadian International Mineral Inc. (CIN - TSX.V) has announced that, subject to the acceptance of the TSX Venture Exchange, it has acquired a 100% interest in mineral claims located in the Thunder Bay Mining Division, Ontario, known as the Prairie Lake North/South and Prairie Lake West Properties, approximately 40 kilometers north-east of Terrace Bay, Ontario.
Ascot Resources Ltd. (TSX VENTURE:AOT) has announced the results for the fourth, fifth and sixth holes (MM-10-04, 05, 06) on the Mt. Margaret property in the St. Helens Mining District of Skamania County in Washington State.
Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU) has reported to its shareholders today the results contained in a news release of Goldgroup Mining Inc. (TSX:GGA).
Moly Mines (TSX,ASX:MOL) owned Spinifex Ridge has commenced production. The mine is located 50 km north east of the Marble Bar in the Pilbara region of Western Australia. The crushing and screening processing plant has been completed and commercial iron ore production has now begun.
Australian listed company Bathurst Resources (ASX:BTU) is looking forward to developing an open cut coal mine in the Buller region of the west coast of South Island in New Zealand. The company says that the mine would have the highest safety and environmental standards.
By Joel Scanlon
1 Dec 2010
The Saudi Arabian mining joint venture of Ma'aden-Alcoa announced plans to create the first fully integrated aluminium smelter and food grade sheet rolling mill in the kingdom. There are sixteen financial institutions which will provide the $1.9 billion funding required for the project.
The Indian coal deficit will be all the more evident in the coming year. India is currently facing acute coal shortage and will be required to import fuel in even larger quantities in the future. The shortage in the next fiscal year will reach 104 million tonnes as per Sriprakash Jaiswal, the Indian Coal Minister.
By Dr. Cameron Chai
1 Dec 2010
A proposed nickel mine in northern Tasmania is being seen as a source of economic boom for the region. Proto Resources (ASX:PRW) has shown interest in Barnes Hill, near Beaconsfield for the last few years. The company have now been granted a license for an open cut nickel mine in the region.
By Joel Scanlon
1 Dec 2010
Kinross Gold Corporation announced that it would commit $10 million over the next three years to develop a mining school in Mauritania. Tye Burt the president and chief executive officer of the company said that the mining school and training centre would be useful to the mining community.
Stillwater Mining Company has completed its acquisition of Marathon PGM Corp. Each common share of Marathon PGM was exchanged for 0.112 common shares of Stillwater Mining. The takeover was given an approval of 99.98% shareholders of Marathon PGM.
By Joel Scanlon
1 Dec 2010
Platinex Inc. (TSX VENTURE:PTX), is providing additional historic data, as compilation proceeds on the Company's Caswell prospect.
QUEENSTON MINING INC. has announced results from an additional 66 surface diamond drill holes (21,474 m) from the 2010 drill program completed on the 100% owned Upper Canada property located in Gauthier Township, Kirkland Lake, Ontario.
Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that it has commenced iron ore production at Spinifex Ridge, 50km northeast of Marble Bar in the Pilbara of Western Australia.
Lydian International Ltd. (TSX:LYD), a gold-focused mineral exploration and development company, today announced further results from drilling and at its Amulsar gold discovery in Armenia.
Full Metal Minerals (TSX VENTURE:FMM) has announced the 2010 drilling results from the Company's 5,096 meter core drilling program from the Fortymile Silver-Lead-Zinc Property in Eastern Alaska.