World Mining Exploration News

Gold mining company Ventana Gold Corp. announces drilling results from several holes that are targeted at a comparable structure MASCOTA zone La La Bodega on gold exploration projects in Colombia. 146 holes encountered 14.0 meters grading 14.18 grams per tonne gold, starting at a depth of 296.0 meters. The hole was drilled at minus 50 degrees inclination near the 9550 and found a significant new mineralized zone appears to contain high-quality parallel structure, hydrothermal breccias. It is located about 325 meters into the footwall and the main La southeast MASCOTA structure.

To ensure the sample is found to have gold content of gold ore a good Ventana has strict standardization of QA / QC program in place to monitor the chain-of-custody of samples and including the insertion of blank, duplicate, and certified reference standards in each batch of samples. Read the rest of this entry »

Kiska Metals Corporation, Monday announced the discovery of mineralized zones in the Mountain Island, which lies about 23 kilometers south of the deposit resource area of Whistler. After a five-hole drilling is completed in the year 2009 drilling program returned 0.68 g / t gold ore for more than 382.9 meters. Back pit the top interval, drilled 150.0 meters long, on average 0.72 g / t gold and less than 106.9 meters 280.0 meters crossing to the edge of the hole average of 1.22 g / t gold. Copper results pending and will be announced when received. Island Mountain is different from the target porphyry deposits that host Whistler a NI43-101 resource filled show 1:31 million gold equivalent ounces and inferred resources of 4:44 million ounces of gold.

“The discovery of gold ore in the Island Mountain on our first hole of this program is very encouraging for the company,” said Jason Weber, President and CEO of Kiska. Read the rest of this entry »

Newmont Mining Corp., One of the largest gold mining company in the world, has announced net profits revenues from gold industry of U.S. $ 1.97 billion at the beginning of this year.

Admission is comprised 5.125 percent in 2019 because the principal amount and $ 900 million 6.25 per cent in 2039 because the principal amount of $ 1.1 billion. Newmont received net result of approximately $ 1.97 billion after deducting discounts and estimated production costs.

For that Newmont Mining Corp.., Planning to project development company, adding working capital, and the possibility of acquiring companies that have been observed lately.
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We have many new investors interested in gold mining industry as a good prospect and provide asset protection if there is inflation. According to the observing world’s major mining company Newmont Mining Corp, an increase in investment in gold mining sector as the prospect of rising inflation.

Gold is a new investment category for reenergized people in these investments, there are approximately U.S. $ 700 billion in gold investment and it represents only 0.58 percent from U.S. $ 140 trillion of global investment.

“Gold also acts as a hedge against inflation and even though we are in the midst of a recession in the world who sniff inflation already in the air,” Chief Executive Officer of Newmont Mining Corp.., Richard O’Brien said the industry briefings in Melbourne Australia. Read the rest of this entry »

Once again a surprise place in the world mining investment company, a major gold mining companies in Canada, Kinross announced that it has invested U.S. $ 1 billion for development projects, gold mines in Chile. That is developing a gold mine with an existing Maricunga by creating a new location at Lobo Marte.

Chilean government support Kinross gold mining companies to make mining projects only, but must still follow the rules on the protection of water, because water is scarce in the area known as the Atacama. So that these companies must provide their own water for their needs. For that Kinross executives are doing research to find sources of water and also take into account desalinated sea water. Read the rest of this entry »

Back happening buying shares of gold mining companies, namely Vatukoula Gold Mines has sold 125 million new shares to Canadian Zinc Corporation with an investment of 1.5 million Pounds Sterling. This has resulted in increasingly strong position of Canadian Zinc Corporation in the Gold Mining Stock.

Vatukoula Gold Mines is a gold mining company in the UK listed on the AIM Market of London Stock Exchange, and currently owns and operates the Vatukoula Gold Mine located in Fiji, an island which has a high grade gold deposit.

Canadian Zinc Corporation Investment in Vatukoula Gold Mines is to increase the production of the annual average in order to reach 100,000 ounces at the beginning of the year 2011 will, as promised by the Vatukoula Gold Mines in the early discussions before buying shares. Read the rest of this entry »

One of the major mining company Anglo American has plans to double coal production to support the steel making in America in the year 2018 if their proposal is approved by the U.S. Senate.

They are “Anglo American” will also focus on the production of coal mining around Queensland, Australia, Ian Cockerill, as Chief Executive dikatankan Anglo’s coal units, at a mining conference hosted by investment bank Credit Suisse.

Anglo American, and indeed a large coal mining company that produces thermal coal for power generation in the world, as well as thermal coal will be exported to china and in 2009 again started exporting thermal coal to Asia. Read the rest of this entry »

Crude oil for October delivery fell $ 1.91 to settle at $ 68.05 a barrel on the New York Mercantile Exchange. this led to the loss of a contract Monday $ 2.78 to settle at $ 69.96, which means that crude oil has fallen nearly 6 percent in the week.

But on Tuesday, energy prices seem to be improving after the Institute for Supply Management, a trade group of purchasing executives, analyzing the manufacturing index to rise to 52.9 in August.

Bounce Tuesday energy prices and short-lived both equity and energy markets just before noon reversed. Phil Flynn, analyst questioned whether PFGBest manufacturing report gives a distorted image of the economy.

Even though most energy experts believe the government will report the serial-down in gasoline and crude stocks Wednesday as part of a weekly report, the level remained very high and driving season comes to a close. Read the rest of this entry »