World Mining Exploration News

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. (more…)

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. (more…)

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. (more…)

Two large mines company Full Metal Minerals (TSX VENTURE: FMM) and Mosam Capital Corp. (TSX VENTURE: MOS.P) today announced that the mine exploration work has begun on the Mount Andrew iron-oxide copper-gold (IOCG) Project, located in Southeast Alaska. Expected exploration in the Mount Andrew mine can produce iron-oxide copper-gold with a high percentage.

Mine exploration program was started from a study and review of geological mapping and sampling when doing a IP / resistivity programs over the prospect area, to test for disseminated sulphide body working under the historic mines in the Mount Andrew. Shallow drilling campaign has been cut before the high grade intervals of copper and gold and adjacent to the existing work in which several historic mines and prospects are. This program is estimated to cost $ 200,000 and will be financed by Mosam and began in 2009.
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Mining Companies in Tokyo on Wednesday, Sumitomo Metal said that the company has purchased 16.5% stake in Nickel Asia Corp. of the Philippines with a price around $ 39 million, because the attempt to improve global competitiveness.

Tokyo-based company into the league formalization of existing relationships with Nickel Asia. This example is the provision of nickel ore by a subsidiary of Asia, Rio Tuba Nickel Miming Corp., to Sumitomo of the Philippines-based nickel refinery joint venture, Coral Bay Nickel Corp.

Earlier this year, Coral Bay Nickel build second factory in the country to double its output of nickel intermediate products to 22,000 tons per year.
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As shown the world that economic growth is very fast, as well as the gold industry that has been explored by the company that is developing. Very high investor preference for companies with advanced-stage assets in secure jurisdictions. Companies with large assets in Mexico many countries who are interested to invest in gold mining areas of mining regulations for environment-friendly and promising geology.

Mexico is a country of a very good investment for the mining of gold, but also have many junior mining companies. Some of them have interesting assets in the mining area was established. Canadian Venture and Frankfurt listed Oroco Resource Corp. (TSX.V: OCO, Frankfurt: 0R6) recently announced preliminary results from Phase Two field program began last month in the Cerro Prieto project in Sonora, Mexico.

In the year 2009 exploration program results have confirmed extension of the mineralised zone at least 900 meters north of the previously described Oroco in 2008 by drilling and trenching program. (more…)

For Ken Saro-Wiwa Jr., returned to Nigeria from exile in 1999, the trial could provide bittersweet vindication of his father campaign. “My father always said that one day Shell would be on trial, “said Mr. Saro-Wiwa, who now works as an adviser to the government on community issues. “it’s important for those involved in the conspiracy against my father to be held to account. It’s a communal exorcism, if you like, for Shell to account and bear responsibility for what it did.”

The elder Mr. Saro-Wiwa, who founded the Movement for the Survival of the Ogoni Peoples in 1990, was one of the most vocal critics of Shell for the damage done to the delta communities, including gas flaring and the destruction of mangroves to make way for pipelines.

According to the lawsuit, a Shell official identified Mr. Saro-Wiwa as being “influential” in organizing the protest and sought the assistance of the Nigerian government to silence him.
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Fourteen years after the execution of the Nigerian author and activist Ken Saro-Wiwa by Nigeria’s former military regime, Royal Dutch Shell will appear before U.S. District Court in New York to answer charges of crimes against humanity in connection with his death.

The trial, scheduled to begin Wednesday, will examine allegations that Shell sought the aid of the former Nigerian regime in silencing Mr. Saro-Wiwa, a vociferous critic, an addition to paying soldiers who carried out human rights abuses in the oil-rich but impoverished Niger Delta where it operated.

Shell strongly denies the charges. But the trial is the latest in s series of cases aimed at some of the world’s biggest oil companies, asserting misdeeds in developing countries where they were once seen as unassailable. Oil companies are being sued on charges of environmental damage, collusion with repressive governments and contributing to human rights abuses, among others. (more…)