Archive for the ‘Mineral’ Category

Alaska’s mineral industry now worth record $4 billion

Monday, November 17th, 2008

The total value of Alaska's mineral industry in 2007 set a new record of approximately $4 billion, up 13.3 percent from the 2006 level, the state Department of Natural Resources announced Nov. 5. The total value combines exploration and development expenditures with production value. The figure is used as a general ...

Mining stocks slide on growth concerns

Friday, October 17th, 2008

Commodity prices sank and analysts tipped future projects were now in doubt. Albert Landman of Tricom Equities said resources had become the poor performers in the market. "It has really fallen away the last couple of months," he said. "The pessimism about slowing world growth affecting commodity prices is being dovetailed by the ...

Golden Dory Resources Corporate and Project Update

Monday, September 29th, 2008

Golden Dory Resources ("Golden Dory") is nowtrading under the ticker symbol (TSX-V: FA). Golden Dory received finalapproval from the TSX Venture Exchange and recently completed thequalifying transaction (reverse takeover of 540 Capital Corporation ofCalgary). The company has commenced exploration programs on its portfolioof uranium, copper and gold properties in the ...

First Quantum sees Zambian deal on taxes

Tuesday, September 23rd, 2008

Canada-listed miner First Quantum Minerals expects Zambia will agree to a compromise on its new mining tax regime in coming months. "We expect to reach a result that everybody is quite happy with," President Clive Newall told a mining conference sponsored by RBC Capital Markets. Mining firms in Zambia have strongly opposed ...

Korean-Filipino mining partnership starts exploration in Sultan Kudarat

Sunday, September 21st, 2008

A Korean investor with local partners in Sultan Kudarat started mining exploration in barangay Kinayao, Bagumbayan town within the 4,500 hectares with approved mineral production sharing agreement (MSPA) issued to FADICASU. The partnership was registered under FMC & GRCO Fadicasu Mining Corp & General Resources Co. Ltd. In an interview with the ...

Baffinland Forms Exploration Joint Venture With Nunavut Tunngavik Inc.

Sunday, September 21st, 2008

Baffinland Iron Mines Corporation announced today that it has signed a joint venture agreement (the "JV Agreement") with the Nunavut Tunngavik Inc. ("NTI") for the exploration and development of minerals within approximately 16,695 hectares of Inuit Owned Lands parcel PI-17 (the "Exploration Area"). The Exploration Area surrounds but excludes Baffinland's ...

Cuervo Resources Trading Symbol Changed to “FE”

Friday, September 19th, 2008

Cuervo Resources Inc. wishes to announce that its trading symbol has changed to "FE" (formerly "IRON") effective as of this date. The Canadian Trading and Quotation System Inc. ("CNQ") is adopting a trading symbol format based on a root symbol of up to three characters plus extensions. Assignment of symbols will ...

Kangaroo Metals confirms Mt Ruby iron ore extension plan

Friday, September 19th, 2008

ABC News reported that Kangaroo Metals Limited has identified further north and south extensions to its Mt Ruby magnetite deposit. Close spaced geophysical data over KML tenement EPM14880 collected by KML Geoscience has been fully processed and followed up by field investigations of the significant features directly around Mt Ruby. Samples ...

Wealth Discovers Outcropping Copper-Gold Porphyry and Uranium Systems on Its 100% Owned Pampa Coria Property, Northwest Argentina

Thursday, September 18th, 2008

Wealth Minerals Ltd. is pleased to announce the results from the initial exploration work program at its Pampa Coria property in north-western Argentina. Catena Target - Porphyry Copper-Gold At the Catena target, 64 samples were collected from a northwest trend measuring approximately 7.5 kilometres by 2.5 kilometres. Results from these initial characterization ...

Morocco Managem to start gold exploration in Sudan

Monday, September 15th, 2008

A Moroccan mining company has won contracts to search for gold in two mineral-rich areas of Sudan, state media reported on Monday. Morocco's Managem MNG.CS signed exploration agreements covering territory in Wadi-Gigiya in Sudan's Red Sea State and Al-Sharif in River Nile State, said the state Suna news agency. Gold has been ...