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Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Oil surge, mining sector to prop up Toronto stocks
Toronto’s main stock market index was poised to open higher on Monday amid takeovers in the mining sector and record oil prices, ahead of a U.S. interest rate decision later in the week.
Energy shares, which account for about 30 percent of the TSX index, were expected to show leadership after the price for U.S. crude [...]
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 [...]
General Metals Update: Independence Mine Phase 1 Drilling Targets Identified to Define Open Pit Ore Reserve and Pave Way for Near Term Production
General Metals Corporation, The Company has identified its Phase 1 shallow drilling targets. The Independence Shallow Target and the North Target will be drilled in six discrete sections, which allows for an open pit ore reserve to be developed a section at a time. The first section to be drilled is on the Independence shallow [...]
Metals Bubble Poised to Burst on Increasing Supplies (Update2)
Copper, nickel and lead, the best performing commodities in the past four months, may be the worst by year-end.
On Wall Street, the chorus is getting louder that rising metal supplies are outpacing demand. From Goldman Sachs Group Inc. to JPMorgan Chase & Co. to Societe Generale, there are warnings of a mania that is showing [...]
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Uranium Mining Set to Resume 2,400 Feet from a Liberty Star Pipe Target in Its North Pipe Super Project; and Progress on Elle Joint Venture
-Liberty Star Uranium & Metals Corp. (the “Company”) is pleased to announce that it has changed its name, effective at the open of trading April 16, 2007, from Liberty Star Gold Corp. The new stock symbol is LBSU. The name change was made to reflect the Company’s current concentrated efforts on its North Pipes Super [...]
Liberty Star Announces Current Land Position and Number of Owned Uranium Pipe Targets, North Pipes Super Project, Arizona
Liberty Star Gold Corp (the “Company”), is pleased to announce that as of now the Company has acquired, by staking, over 1,500 federal lode mining claims and two State Mineral Exploration Permits in Arizona. These lands cover at least 293 breccia pipe targets (Pipes) which have the potential to bear uranium. This completes our [...]
Liberty Star – XState Resources Ltd. – Elle Uranium Drilling Program to Start February 15, 2007
Liberty Star Gold Corp is pleased to announce that the Elle Joint Venture with XState Resources Limited has engaged a specialized air rotary drill. This drill is designed so that a true vertical hole can be drilled through the cobbles and boulders of the three targeted uranium bearing collapse breccia pipes without significant deviation. [...]
