In a desperate race against time rescue workers in China are trying to reach 11 trapped miners in the Pingyu coal mine in Central China.
By Dr. Cameron Chai
18 Oct 2010
The proposed joint venture between BHP Billiton and Rio Tinto has finally been laid to rest in the face of regulatory opposition coming in from Europe and Asia. The joint venture located in Western Australia would have created the world's largest iron ore exporter.
The copper business development manager of Rio Tinto, Matthew Holcz feels that planned copper mining projects would be unable to meet the demand for the metal in the next decade.
The Mexican mining industry faces a new threat from drug cartels. According to the Mexico Mining Chamber some mining firms engaged in exploration in remote areas have shuttered some projects due to the rising costs of security. The isolated mountain regions in Mexico are where drug traffickers grow marijuana and heroin poppies.
By Dr. Cameron Chai
17 Oct 2010
Australian oil and gas exploration and production company Santos Ltd (ASX:STO) is on a mission to raise money. After a sale of 700 million Euros worth of hybrid notes last month it has priced an additional 300 million Euros worth of notes this month.
Fortescue Metals Group is facing rising production costs along with the rise of the Australian Dollar. The Chief Financial Officer of Fortescue, Stephen Pearce said that the strengthening Australian dollar has continued to have an impact over the quarter, given that approximately 70 per cent of the operating costs are in Australian dollars.
Ante5, Inc., a Delaware corporation entered into an asset purchase agreement with Twin City Technical, LLC, a North Dakota limited liability company, and Irish Oil and Gas, Inc., a Nevada corporation to acquire Sellers' right, title, and interest in mineral leases on approximately 3,712 net acres in consideration for a total of $2,969,648 of cash, payable in full at the closing, plus 5,011,281 shares of the common stock of the Company.
Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC) has announced an updated mineral resource estimate at its Pine Creek project area in the Northern Territory of Australia with a significant upgrade of inferred mineral resources to indicated mineral resources and also an increase in the overall estimates of both indicated mineral resources and inferred mineral resources.
Apache Corporation (NYSE, Nasdaq: APA) said today that three successful wells appraising the Balnaves-1 discovery in License WA-356-P offshore Western Australia will trigger development planning by subsidiary Apache Julimar Ltd Pty.
EI Systems has announced that the United States Patent and Trademark Office has granted a patent-pending status for their web-based Rail Manager service. Clients use Rail Manager to track the status and location of railcars within large industrial sites and short-line rail yards.
The Board of Guinness Exploration Inc., (OTC Bulletin Board: GNXP), announced today two significant agreements which set the stage for funding development of the Charlotte Project (formerly named the "Nantawa Project") in the Mount Nansen area of the Whitehorse Mining Division, of the Yukon Territory.
Lake Shore Gold Corp. (TSX:LSG) and Hochschild Mining plc (LSE:HOC) today announced that they have entered into an agreement with RBC Capital Markets, BMO Capital Markets and CIBC World Markets through which the Syndicate will purchase 109,000,000 of the common shares of Lake Shore Gold held by Hochschild, on a bought deal basis, at a price of C$3.60 per share for sale to the public.
Golden Predator Corp. (TSX: GPD) has announced final 2010 results from its Clear Creek project, including 3 additional diamond drill holes and 20 additional reverse circulation holes from the Contact, Saddle, Josephine and Bear Paw Zones.
ION Geophysical Corporation (NYSE: IO) today announced that it has acquired 6,500 km of regional seismic data for sponsoring E&P clients in the Danmarkshavn basin offshore Northeast Greenland, adding to the 5,300 km of data the company acquired there last season.
The U.S. Department of Labor's Mine Safety and Health Administration today announced the release of a proposed rule on lowering miners' exposure to respirable coal dust in all underground and surface coal mines. The proposed rule is the latest element of MSHA's "End Black Lung – Act Now" campaign.