10 Chinese coal producers have joined a UN program to promote the development and deployment of clean coal technologies. The move aims to reduce emissions and environmental pollution. But some analysts believe it will take a while for China to reduce its reliance on coal.
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Brisas mine is a mine run by mining company Gold Reserve Inc. Gold Reserve mining company has invested $ 300 million to develop Brisas copper and gold mine. Venezuela government mining plan for the development of Brisas gold and copper will be conducted by a joint venture between the Venezuelan government and Rusoro Mining Ltd. Read More…
Egypt ASEC is Egyptian mining company that focuses on mining exploration. ASEC Egypt has made a deal to buy 10 percent shares of the company that holds the GMA Resource gold mining operation rights Algeria. The acquisition, Read More…
Wesdome Gold Mine plans to improve the performance of gold production in 2009. The company hopes to achieve gold production of 90,000 ounces of gold. In August, Wesdome has produced 80,000 ounces of gold reached the gold. Read More…
Anglo American has started reorganizing since taken over in 2007. Anglo will reset the company management and will sell a number of mining assets owned by Anglo. Assets to be sold mines zinc mining, steel production assets Scaw Metals. Read More…
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent shareholder in the country’s largest diamond miner, Murowa, in which Rio Tinto has 78 percent shares.
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Caza Gold Corp. announces that it has entered into a formal agreement to purchase two gold exploration property packages located in Chihuahua, Mexico from Exmin Resources Inc.
The Company is purchasing Exmin’s 100% interests in 49 mineral properties totalling 47,433 hectares, known as the Moris Exploration properties, in the Moris gold district of western Chihuahua where Hochschild Mining plc owns and operates the 25,000 oz per year Moris open pit, heap leach gold mine.
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Gold prices rose sharply for six weeks, gold prices reached 10 percent. But gold mining shares declined. Analysts expect investors still doubt the gold price increase can last long, so the investors take a step to wait until the price of gold reached the highest prices and stable.
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Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only emerging market where he isn’t selling right now, he is no longer buying new Chinese shares, and says he is now only investing in China indirectly through commodities investment.”
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Newmont Mining Corporation announced today the first gold pour at its Boddington mine in Western Australia. In addition, the Company has trucked its first shipment of copper concentrate from the mine to the port in Bunbury. The event marked the commencement of gold production at Boddington after the first production of copper concentrate in August. Read More…
