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Monday, August 18th, 2008
Rio Tinto, the London-based mining group, has signed a memorandum of understanding (MoU) with NMDC, the largest mining company in India, to form an equal joint venture to explore minerals in India and abroad.
"We seek to utilise Rio Tinto's global technology, money, processes and reputation to explore new opportunities in ...
Posted in Drilling, Exploration, Iron, Metal, Mineral, Mining, Mining Technology | No Comments »
Monday, August 18th, 2008
Erdene Resource Development Corp. ("Erdene") (TSX: ERD), a diversified resource company with assets in Canada, the U.S. and Mongolia, today provided an update on the Company's principal projects and plans for 2008 in conjunction with the release of its second quarter financial results.
Highlights:
- Donkin Coal Project: Phase I underground program ...
Posted in Coal, Drilling, Exploration, Mining, Mining Contractor, Mining Investment, Mining Technology | No Comments »
Tuesday, August 12th, 2008
Malawi is on the prowl to extend its trade connections to different corners of the world, west and east.
The small southern African country is hoping foreign investment will help it to become a producer and exporter rather than a consumer and importer economy, as is presently the case.
The Commonwealth Business ...
Posted in Mining, Mining Contractor, Mining Finance, Mining Investment, Mining Technology, Trade & Market | No Comments »
Tuesday, August 12th, 2008
MANY potentially lucrative investments in resources stocks and commodities are well out of bounds for Frank Zhu. As portfolio manager of the Australian Ethical World Trust, his brief is to keep investments "deep green", reflecting environmental and social awareness. "The fund is naturally disdvantaged because we don't have the oil ...
Posted in Mining, Mining Contractor, Mining Finance, Mining Investment, Trade & Market | No Comments »
Monday, August 4th, 2008
Mark Twain’s (who started in Nevada journalism in the days of its Comstock Lode silver boom) old aphorism is spot on at times: “Mine: a hole in the ground with a fool at the bottom and a liar at the top.”
A mining engineering consultant, with over 30 years in the ...
Posted in Coal, Exploration, Mining, Mining Contractor, Mining Technology | No Comments »
Saturday, August 2nd, 2008
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation, ("Eldorado" "the Company" or "we") (TSX:ELD)(AMEX:EGO) is pleased to report on the Company's financial and operational results for the second quarter ended June 30, 2008. "This was the first full quarter of production from our restarted Kisladag mine, ...
Posted in Drilling, Exploration, Mining, Mining Finance, Mining Investment, Mining Technology | No Comments »
Wednesday, July 30th, 2008
It was Jochen Seifert's job to adjust a conveyor belt under Germany's largest coal mine one day in 1959. As the 24-year-old locksmith worked, a crack split the rocks along the mine shaft. Walls caved in, and Seifert was trapped below.
"Hey, locksmith! Are you alive?" his fellow miners yelled. Seifert ...
Posted in Coal, Exploration, Mining, Mining Contractor, Mining Investment, Mining Technology | No Comments »
Sunday, July 20th, 2008
Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold", "the Company") is pleased to announce that it has signed an Exploration Agreement with the Flying Post First Nation ("FPFN") and Mattagami First Nation ("MFN") in order to promote a cooperative and mutually respectful relationship between the FPFN and MFN and the ...
Posted in Exploration, Gold, Mining, Mining Contractor, Mining Investment, Mining Technology | No Comments »
Friday, July 18th, 2008
The World Bank is providing $9.3 million from International Development Association funds for a Mining Sector Technical Assistance Project (MTSA) in Mongolia, aimed at improving the nation's ability to regulate and financially benefit from its burgeoning mining industry, while reducing government corruption.
The World Bank estimated that mining accounted for about ...
Posted in Copper, Exploration, Gold, Mining, Mining Contractor, Mining Finance, Mining Investment, Mining Technology, Trade & Market | No Comments »
Friday, July 18th, 2008
A week and a day for mining and resource companies yesterday as oil led other commodity prices lower for a second day, and major mining groups reported solid quarterly or full year production figures (and half year in the case of Rio Tinto and Woodside).
In Brazil a big share offering ...
Posted in Copper, Exploration, General News, Gold, Mining, Mining Contractor, Mining Finance, Mining Investment, Mining Technology, Trade & Market, Zinc | No Comments »
