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Gold Mining Company, Alamos Gold’s Reported Gold Mine Exploration Increase 21 Percent From Sonora Mine, Mexico
In March of this year, Alamos Gold announced an increase of 21 percent in proven and probable reserves at its 100% owned Mulatos gold mine in Sonora Mexico. Coincident with the reserve increase was a decrease in measured and indicated resources of 14 percent (as those moved up into the reserve category), but an increase [...]
US Copper Mining Company, Asarco LLC Slowdown Copper Mine Exploration in Texas
US copper miner Asarco LLC shut its rod and cake plants in Amarillo, Texas and is planning periodic slowdowns at the copper refinery beginning next week as a response to depressed market conditions, the company said.
Asarco Mining Company Find More $10.5 billion Copper Mines
Asarco mining is seeking more than $10.5 billion from Americas Mining Corporation, Asarco’s Mexican parent — in the form of the return of a stake it had in two lucrative Peruvian copper mines.
Asarco also wants $1.7 billion in dividends it collected in recent years from those mines.
On the line will be a chance for a [...]
Mexico Mining Boom
Regional myopia is a widespread failing. Say “ Mexico” in Europe and the word game usually brings up “holidays”. The other side of the Atlantic it would probably be “cheap labour”. Only in Canada is “mining” Mexico’s main claim to fame. Yet Mexico is one of the oldest mining countries in the world, and it [...]
Strathmore Completes LOI With Nu-Mex Uranium for US $18 Million Commitment at Dalton Pass, New Mexico Uranium Project
Strathmore Minerals Corp. (TSX VENTURE: STM) is pleased to announce that its subsidiary, Strathmore Resources (US) Ltd. (”Strathmore” or “the Company”), has completed a Binding Letter of Intent (”LOI”) to enter into an option and a joint venture with Nu-Mex Uranium Resources Inc.(”Nu-Mex”) to explore and develop Strathmore’s Dalton Pass properties (the “Dalton Pass” project).
The [...]
U.S. Energy Corp. Announces a Stock Buy Back Program; Reviews Corporate Development Plans
U.S. Energy Corp. (Nachrichten), a diversified natural resource exploration company announced today that it will initiate a share buy back program. The Company is also pleased to provide its corporate development strategy along with several project updates as follows.
Share Buy Back Program
The Board of Directors of USEG has approved a share buy back program for [...]
World’s mining firms dig in perilous terrain
The world’s biggest mining companies, hungry for metals increasingly tapped out in developed countries, are plunging into risky new terrain. Mining executives are setting up operations in some of the most violent, politically turbulent places, like the Tenke Fungurume copper and cobalt mine Phelps Dodge approved here in December.
Expatriate homes for the Tenke staff have [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Southern Copper Corp.: Skyrocketing Metals Prices Drive Profits
From northern Mexico to the Andes Mountains in Peru, Southern Copper Corp. mines enough copper to be the world’s fifth-largest copper producer. The Phoenix-based company, which is controlled by Grupo Mexico S.A.B. de C.V., owns four open-pit copper mines, three metallurgical processing facilities and five underground mines that produce various metals, including copper, zinc, silver [...]
