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The Biggest Mining Company, BHP Billiton Selling 28% of Iron Ore Mine Production at Forecast Decline in Contract Prices
BHP Billiton Ltd., the world’s largest mining company, sold 28 percent of its iron ore output at cheaper spot prices after customers deferred deliveries ahead of a forecast decline in contract prices.
Teck Cominco Interest Andacollo Gold Mine Production Agree To Pay $300 Million Royalti Transaction
Teck Cominco Limited announced today that Compania Minera Carmen de Andacollo has agreed with Royal Gold Inc. to sell an interest in the gold production from the Andacollo mine for US$300 million.
Chile’s Copper Mining Company, Codelco May Synergies Between Los Bronces and Andina Copper Mines
State copper giant Codelco and global miner Anglo American Plc are seeking synergies between the Los Bronces and Andina copper mines, rich back-to-back deposits along the Andes mountain range in central Chile, the nation’s mine minister said on Friday.
Mining Industry Development, EPA Grants Plans Invest $7M To Develop Methane Reduction, Clean Energy
Through the Methane to Markets partnership, EPA is making up to $7 million in grants available for innovative international projects and activities. The agency expects to award up to 40 cooperative grants agreements ranging from approximately $100,000 to $700,000.
Valencia Begins Resource Definition Drilling at the Cachinal Silver Project
Valencia Ventures Inc. (TSX VENTURE: VVI) is pleased to report that a significant 15,000m resource delineation drill program has begun at its Cachinal silver project in Chile to in-fill recent high grade silver intersections in the Northern Extension target. The Company plans to spend approximately $4.0 million on the second phase of the 2007 drill [...]
Global Gold Uranium Commences Airborne Survey on Cochrane Pond
Global Gold Corporation (OTCBB: GBGD) is pleased to announce that its wholly owned subsidiary, Global Gold Uranium, LLC, has commenced an airborne radiometric and magnetic survey over the Cochrane Pond uranium property located in southern Newfoundland. The survey is expected to take approximately four weeks to complete and will be followed by a prospecting program.
Global [...]
Global Gold Holds Annual Meeting
Global Gold Corporation (OTCBB: GBGD), an international gold mining, development and exploration company with mining properties in Armenia, Chile and Canada, held its annual shareholders meeting as noticed last Friday. With almost 80% of all outstanding shares represented in the voting process, shareholders re-elected the current Board of Directors by an over 99% favorable vote. [...]
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 [...]
Meridian Gold announces first quarter highlights
Meridian Gold Inc. (”Meridian Gold” or the “Company”) is pleased to announce highlights from the first quarter 2007.
Highlights include:
– Consolidated gold production of 70,900 ounces of gold, which exceeded the Company’s internal budgets, and 1.6 million ounces of silver.
- Commencement of mining at the Company’s Rossi project with Barrick [...]
