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New Jersey Mining Company Recent Progress Gold Production and Mining Development at Golden Chest Mine
New Jersey Mining Company today provided an update of its recent progress at the Golden Chest mine and its plans for future development, gold production and exploration.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
French Nuclear Power, Areva Plans $1.40 billion Uranium Mine in Nigeria
French nuclear power group Areva will press ahead with its plan to build a 1 billion euro ($1.40 billion) uranium mine in Niger despite falling world prices for the fuel, the firm said on Friday.
Mining Companies Shut Down Iron Ore Mine Production
BHP Billiton Cut Iron Ore Mine Production after Samarco Cut 65% output
Samarco, a 50-50 joint venture between BHP and Brazilian giant Vale, on Saturday revealed it would shut down the oldest two of its three pellet plants until mid-January, “at which time the situation in the markets will be reassessed”.
Potash Market as Demand for The Fertilizer Grows, Rio Tinto Says Eyeing 10% of World Potash Market
Rio Tinto Ltd/Plc wants to grab 10 percent of the world potash market as demand for the fertilizer grows in step with biofuel production, Preston Chiaro, chief executive of Rio’s energy and minerals unit said on Friday.
The push into a new commodity comes as Rio’s board fights a $140 billion all-share takeover by rival BHP [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Buffalo Gold and Sargold propose merger
Buffalo Gold Ltd. and Sargold Resource Corporation (”Sargold”) are pleased to announce they have signed a letter of intent (”LOI”) to enter into a friendly merger (”the Transaction”). Under the LOI, all outstanding securities of Sargold will be exchanged for common shares and common share purchase warrants and options of Buffalo.
Highlights of the [...]
Kloppers flags BHP boosting nickel, copper
INCOMING BHP Billiton chief executive Marius Kloppers has flagged further expansions of the group’s copper and nickel operations, along with fiscal discipline when he takes up his post in October.
In a briefing with Credit Suisse analysts, Mr Kloppers said he believed another concentrator could be built at the Escondida copper mine in Chile, while [...]
Scorpio Mining Corporation Makes Production Decision on its 100% Owned Nuestra Senora Project, Sinaloa State, Mexico
Scorpio Mining Corporation (TSX:SPM) is pleased to announce that following review of the positive results from the recently received independent Pre-Feasibility Study (”PFS”) (see news release of June 14, 2007) the Company has been given a mandate by its Board of
Directors to proceed into production.
The PFS projects that the base case cash operating cost of [...]
