10 Chinese coal producers have joined a UN program to promote the development and deployment of clean coal technologies. The move aims to reduce emissions and environmental pollution. But some analysts believe it will take a while for China to reduce its reliance on coal.
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Wesdome Gold Mine plans to improve the performance of gold production in 2009. The company hopes to achieve gold production of 90,000 ounces of gold. In August, Wesdome has produced 80,000 ounces of gold reached the gold. Read More…
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent shareholder in the country’s largest diamond miner, Murowa, in which Rio Tinto has 78 percent shares.
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Caza Gold Corp. announces that it has entered into a formal agreement to purchase two gold exploration property packages located in Chihuahua, Mexico from Exmin Resources Inc.
The Company is purchasing Exmin’s 100% interests in 49 mineral properties totalling 47,433 hectares, known as the Moris Exploration properties, in the Moris gold district of western Chihuahua where Hochschild Mining plc owns and operates the 25,000 oz per year Moris open pit, heap leach gold mine.
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Gold prices rose sharply for six weeks, gold prices reached 10 percent. But gold mining shares declined. Analysts expect investors still doubt the gold price increase can last long, so the investors take a step to wait until the price of gold reached the highest prices and stable.
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Newmont Mining Corporation announced today the first gold pour at its Boddington mine in Western Australia. In addition, the Company has trucked its first shipment of copper concentrate from the mine to the port in Bunbury. The event marked the commencement of gold production at Boddington after the first production of copper concentrate in August. Read More…
Border region Peru, Bolivia and Brazil is an area that has a source of potential gold mine for mining companies to exploration. Many mining companies are mining exploration. Gold mining is mining that contributed quite a lot for the three countries. Last year 10 percent of recorded gold production from the Peruvian gold mining area borders the three countries. Read More…
Anglo American PLC Group, the world’s fourth-largest diversified mining group, is exploring copper and gold deposits in several areas of Cordillera region, a ranking official of the company said today.
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Eldorado Gold Corp. said Monday the due diligence conditions in a $2-billion deal to buy the rest of Australia’s Sino Gold Mining Ltd. have been satisfied.
The two companies said Sino Gold shareholders will vote on the deal by late November and it is expected to close in early December. Read More…
Australia’s Medusa Mining, Ltd. has allotted more funds this year to explore adjacent areas in its gold mine in northeastern Mindanao, following the discovery of a new gold prospect.
In a disclosure to the Australian bourse, the miner said yesterday that around A$17 million would be spent for exploration projects in the fiscal year 2009-2010 that began in July, higher than the A$15-million budget last year. Read More…
