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EPA Approves Mountaintop Removal Coal Mine in West Virginia


The Environmental Protection Agency has approved a controversial permit with water policy implications for a West Virginia mountaintop removal coal mine.
The permit now goes to the Army Corps of Engineers, which has final authority. The Obama administration has been wrestling with the issue of mountaintop mining’s impact on water quality.

Gold Resource Additional Drill Rig to Accelerates Exploration at El Aguila Project


Gold Resource Corporation is pleased to announce an additional drill rig to accelerate exploration at its El Aguila Project, located in Oaxaca, Mexico.
Gold Resource Corporation expands its exploration program at its El Aguila project signing a new 6000 meter drill contract. GRC’s drill contractor, GeoDrill S.A. de C.V., has delivered the second drill rig to [...]

New Gold Completes Purchase of El Morro


The El Morro project lies in the centre of a huge legal dispute, but New Gold Inc. went ahead and bought it anyway.
Yesterday, the Vancouverbased miner said it closed a transaction to buy 70% of El Morro, a copper-gold deposit in Chile, from Xstrata PLC for US$463-million. It then transferred that stake to Goldcorp Inc., [...]

Report Net Income of International Minerals Corp. In Q2


International Minerals Corporation is engaged in precious metals exploration, development silver and gold mining deposits in Peru and Ecuador.
The company reported quarterly production of 2.7 million ounces of silver and 10,244 ounces of gold from Pallancata Mine. The results showed increased 9% from the previous quarter ended September 30, 2009, which produced 2.5 million ounces [...]

Gold Prices Rises, Profits of Gold Producers Barrick Gold Expected To Rise


Increase in gold prices affect producer profits in gold and gold mining company. One of the largest gold producer Barrick Gold Corp. reported profits in this year will increase sharply, as gold prices rose sharply. In previous years the company suffered a loss of $ 468 million. But this year, profits in the fourth quarter [...]

Future of Global Steel Industry and Changes Iron Ore Prices 2010


Steel companies in several countries concerned about changes in iron ore prices in 2010. Because of the possibility of iron ore prices in 2010 will rise sharply. Some company’s largest iron ore mining has provided a statement of the plan to raise iron ore prices up to 40%. If there is iron ore price increase, [...]

Andes Gold Announced Found Gold High Concentrations in New Roman Mine


President of the Andes Gold Corporation gave a statement about the discovery of high concentrations of gold in New Roman Mine. It is estimated that gold production could reach 15% higher than initial estimate. Exploration activities continue to run, so far has resulted in 9 grams per tonne gold and every day is the expansion [...]

Subsidiary Caledonia Mining Corp. Get Gold Dealership License For Gold Sales Directly


Gold Dealer License is a license granted to a company that produces gold to be exported directly in gold and gold bullion to the refiner. Zimbabwe gold producer Gold mendapatjan hope Licensi dealership will be able to export them directly to a gold refiner ririskiky choice. One of the mining companies operating in Zimbabwe, Caledonia [...]

Yukon-Nevada Gold Continued Gold Mines Exploration In Jerrit Canyon, Nevada


Gold mining company, Yukon-Nevada Gold signed a contract with the developer in Jerrit Canyon mines, Nevada. Mining site to be operated about 50 miles from Elko, Nevada. Mines operated by the United States Queenstake Resources, the mining subsidiary of Yukon-Nevada Gold Corp.
SMD President Ron Guill said, “We are very glad to have chosen to Queenstake [...]