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Bullion Monarch Mining Income Third Quarter Report : Revenues Increased 49 percent, Increase Volume from Newmont Mining Operation
Precious metals royalty and resource development company, Bullion Monarch Mining announced record quarterly revenue of US$1.5 million for the company’s third quarter ended January 31, 2010, up approximately 49% from the same period in 2009.
The jump in revenues was due to increased grades and volume at the Leeville underground gold mine in Nevada’s Carlin [...]
Troy Resources Lost Up 2.23 million at Andorinhas Gold Mine, Brazil
Perth-based junior Troy Resources has lost up to $2.23 million worth of gold in a robbery at its Andorinhas mine in Brazil, the company announced yesterday.
According to Troy, a group of armed robbers took three employees hostage on the road leaving the mine before returning to the Andorinhas site where approximately 2,000 ounces of gold [...]
Brazil Invests Multi-Billion Dollar for Natural Resources in Africa
Brazil, South America’s largest economy, is riding the growing tide of investment in Africa.
In fact, it is boldly poised to edge out other newly emerging economies such as hina and India with multi-billion dollar investments in natural resources. In Africa, once remote regions of Mozambique are reportedly turning into boomtowns, bustling with migrant workers and [...]
China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
Brazil Government Charge of Iron Ore Export Tax to Iron Ore Exporters
Brazilian government plan implementation costs of iron ore export tax to exporters of iron ore. Application of the tax costs aimed at increasing domestic investment, especially domestic steel production increase.
MMX Mining Company Plans To Increase Iron Ore Production Capacity In 2015
MMX mining company plans to increase iron ore production capacity in 2015. To achieve the target production capacity of mining company MMX will invest $ 1.2 billion. Iron ore production capacity is planned 33.7 million tonnes per year. Currently MMX iron ore production reached 9 million tons per year.
Planned investment for the expansion of Southeastern [...]
Vale SA Interested To Invest In Lithium Mining Exploitation Project In Bolivia
Bolivia has largest lithium mining potential in the world. Some mining companies have submitted proposals to offer joint exploration lithium mine owned by Bolivia.
Bolivia Salar de Uyuni, Potosi salt flat located in the province, known to contain about half the world’s 11 million metric tons of lithium reserves,
Argentina Hopes To Be Largest Lithium Producer In The World
Lithium mining resources in Argentina gives hope to the Argentina government to become the largest lithium producer in the world. Increased production of lithium in Argentina was marked by the opening of lithium mine in northwestern Jujuy province in late 2010.
Brazilian Government Plans Increase Iron Ore Export Tax 5 Percent
The Brazilian government while studies to increase the possibility of iron ore export tax to 5 percent. But the Brazilian government faced problems with the company’s largest iron ore mining in Brazil, Vale. The Brazilian government criticized the policy of the mining company Vale, as Vale not increase investment in Brazilian country.
