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Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Renco Group Inject $165 million Into Mining Companies
Once the Renco Group injects $165 million into Doe Run Peru, El Brocal Mining Company, Buenaventura Mining Company, Glencore and, among others, Volcan are to supply Doe Run with copper, zinc and lead concentrates worth an estimated $100 million and $75 million in credit. This will allow Doe Run to quickly resume its operations.
British Mining Companies, ATH Resources Report First Half Coal Mining Production and Coal Mine Sale Increase
British mining firm ATH Resources reported strong growth in sales volumes in the first half and forecast annual trading in line with expectations.
China Plans Controlled Australian Mining Asset Make To Bid Australian Mining Industry
Canberra talks tough when companies controlled by the Communist Party of China bid for slices of Australia’s mining industry.
Mining and Energy Companies Investment Delay by Global Financial Crisis
The deepening of the global financial crisis and the sharp drop in energy prices have forced companies to scale back spending and delay projects, with expensive ventures in the Canadian oil sands hardest hit.
Canadian Mining Regulation Slowing Conservation Effort
Environmentalists say Canada’s antiquated mining regulations are slowing conservation efforts and aboriginal land claims by allowing prospectors first dibs on Crown land.
A new report by the International Boreal Conservation Campaign says Canada’s 150-year-old system of free-entry access needs to be replaced.
The campaign is a privately funded initiative supporting boreal forest conservation.
“The free-entry system hearkens back [...]
Mining Companies Stock On U.K. Trade : BHP Billiton, Rio Tinto, Vedanta Lead Decline
U.K. stocks fell, led by BHP Billiton Ltd., the world’s largest mining company, and Rio Tinto Group as metal prices retreated.
Provident Financial Plc, a U.K. lender to lower-income households, dropped after saying 2007 pretax profit before items will fall. Arriva Plc declined after saying 2007 earnings at its rail division will be affected by the [...]
Sierra Leone to review mining contracts
Sierra Leone’s government will review all mining contracts in the West African state to try to clean up corruption and cheating and maximise benefits for the nation, Minister of Mines Alhaji Abubakarr Jalloh said.
“We’re not going to allow our minerals to be a curse to us,” Jalloh told Reuters in an interview this week.
“We are [...]
Mining Stock in European Tradding Market
European mining stocks rallied for a fifth day, paced by BHP Billiton Ltd. and Rio Tinto Group after metal prices rose.
Bayerische Motoren Werke AG led automakers higher after Barron’s said the stock may surge 20 percent. Deutsche Bank AG fell for a third day after Reuters reported Germany’s biggest bank may have to write down [...]
