Arian Silver Corporation (TSX VENTURE:AGQ)(AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is has announced the commencement of a new 10,000m drill programme at its 100% owned San José Property, Zacatecas, Mexico.
Bravo Gold Corp. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today that it continues to extend mineralization at the Homestake Silver deposit, located on its 100 percent owned Homestake Ridge Project in NW British Columbia.
Canamex Resources Corp. (TSX VENTURE:CSQ) has begun a program of reverse circulation drilling at its Bruner project located in central Nevada, 32km north of the Paradise Peak Mine and 68km northwest of the Round Mountain Mine.
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) has announced further excellent results from its ongoing 2010 drilling program at Ketza River.
Rosatom, the Russian state owned nuclear corporation, has offered cooperation to Indian companies interested in developing uranium deposits in Russia or other third world countries. This follows the announcement in April of a Russian-Indian joint venture for prospecting and mining uranium by RIA Novosti.
By Joel Scanlon
22 Nov 2010
The Chinese have cracked down on illegal mining activities of rare earth elements (REE). The Ministry of Land and Resources began a cleanup campaign on a national level to sort out illegal mining of REEs. This had led to some panic that the supply of the REEs would get affected.
By Joel Scanlon
22 Nov 2010
The state owned mining company Corporacion Nacional del Cobre de Chile is all set to build a new mine in the north of the country. The world’s largest copper producing firm is going to invest $2.2 billion in the Ministro Hales mine which will be located in Antofagasta.
By Joel Scanlon
22 Nov 2010
Empire Resources (ASX:ERL) has discovered new outcrops of nickel and copper sulphide at Yuinmery, south Western Australia. Dubbed as the Constantine prospect, the ironstone outcrop has traces of anomalous nickel, copper, cobalt, platinum and palladium. It is about 350 meters in length and 48 meters in width.
Clive Palmer, the mining billionaire, has turned around the Townsville mining company Queensland Nickel within a space of two years. The nickel refinery went from losing $10 million per month to making a $100 million profit this year.
By Dr. Cameron Chai
22 Nov 2010
The Treasury Secretary Ken Henry defended the new mining tax before a Senate committee in Canberra that is investigating the new taxes that the Gillard government has planned. This includes the Minerals Resource Rent Tax (MRRT) which has subsequently evolved into a more complex tax to accommodate specific mining industry requests and government needs.
By Joel Scanlon
22 Nov 2010
Close on the heels of the ordeal of 33 Chilean miners trapped in an underground copper mine, yet another tragedy has struck the mining industry. 29 men are trapped down the Pike River coal mine in New Zealand. There has been no contact with the miners since an explosion ripped through the Pike River colliery. Naturally occurring methane gas is thought to have caused the coal mine explosion. High levels of gas have been detected near mine ventilation shafts.
By Dr. Cameron Chai
22 Nov 2010
Centerra Gold Inc. (TSX:CG) today has clarified the status of its Mongolian Licenses, in particular, the Company's principal Gatsuurt hardrock mining license which is not on a list of alluvial licenses to be revoked.
Valterra Resource Corporation (CNSX:VTA)(FRANKFURT:3VA) previously reported on June 18, 2009 that Lawrence Page, Q.C. of 1100 – 1199 West Hastings Street, Vancouver, British Columbia V6E 3T5, together with Manex Investments Inc. and Manex Resource Group Inc., companies at the same address as Lawrence Page, Q.C. and over which Lawrence Page, Q.C. exercises control and direction, had acquired shares and units through the facilities of the Canadian National Stock Exchange and through Private Placement purchases, at prices ranging from $0.09 to $0.30 and beneficially owned 3,604,333 common shares representing 13.14% of the outstanding capital of the Company.
Renaissance Gold Inc. (TSX VENTURE:REN) has reported that it has entered into an exploration earn-in agreement with Rose Gold LLC, a subsidiary of Navaho Gold Pty Ltd of Brisbane, Australia on the Company's Rose Mine silver/gold exploration property located approximately 8 miles west of the city of Eureka in Eureka County, Nevada.
Silver Quest Resources Ltd. (TSX VENTURE:SQI) has announced that it has entered into an option agreement to acquire a 100% interest in 316 quartz mineral claims covering approximately 6,400 hectares known as the Rude Creek Property.