Mining Exploration News

Tata Steel Celebrates 100 Yrs Of Iron Ore Discovery

Tata Steel this week celebrated 100 years of discovery of iron ore at Joda in Keonjhar district of Orissa.
According to a press note issued by Tata Steel, iron ore at Joda was first discovered by SN Sarma, a geologist with Tata Steel in 1909. From discovery to a sustained holistic development, the saga of Joda [...]

Thelon decision rattles exploration industry

A controversial recommendation to reject a bid for uranium exploration in the Thelon River Basin will hurt the Northwest Territories, mining industry players say.
The Mackenzie Valley Environmental Impact Review Board recently recommended that Indian and Northern Affairs Minister Jim Prentice turn down an application by Ur Energy Inc. to explore for uranium about 300 kilometres [...]

Nuinsco Reports 2006 Financial Results, Provides Summary of Activities

Nuinsco Resources Limited (TSX:NWI – News; www.nuinsco.ca) today announced the filing of its financial statements and MD&A for the fiscal year ended December 31, 2006. Significant accomplishments during the year included:

Uranium
- Increased the size of the Diabase Peninsula uranium property in Saskatchewan’s Athabasca Basin to approximately 21,900 hectares and completed two drill programs that returned [...]

Petro-Power and the Nuclear Renaissance

With global demand for energy constantly rising and supplies contracting (or at least failing to keep pace), the world is being ever more sharply divided into two classes of nations: the energy haves and have-nots, says Michael Klare.
Not “Islamo-fascism” but “Energo-fascism” — the heavily militarized global struggle over diminishing supplies of energy — will dominate [...]

Gold Rush Plunges Undersea as Miners Scour Pacific (Correct)

(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks [...]

Human Ingenuity Trumps Status Quo

For those who worry that the earth is running out of oil, the discovery of a vast new petroleum reserve deep below the Gulf of Mexico is an important lesson about human beings’ ability to adapt to a changing world.
The question of how much of the world’s oil remains to be pumped has become the [...]