The Chinese firm already mines gold next door to a Phoenix deposit.
They are calling the company's shareholders “not to pay the price of ignorance” when it comes to investing in the Solwara 1 deep sea copper, gold mining project in Papua New Guinea.
Operations ceased at Ranger in 2011 and the underground expansion project was the only hope of future mining at the site.
Uranium developer, Toro Energy Limited is pleased to announce the signing of a binding terms sheet with major company shareholder, The Sentient Group that will enable Toro to repay in full its current A$12 million debt facility provided by Macquarie Bank.
A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.
Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.
SNC-Lavalin is pleased to announce that it has been selected by Intrepid Mines Zambia Limited to carry out Phase 1 Early Work Activities on the Kitumba Copper Project Definitive Feasibility Study. The project is located in Mumbwa District in the Central Province of Zambia, approximately 200km west of the capital, Lusaka.
AngloGold Ashanti, the world’s third-largest gold producer, climbed its most in seven months after selling its Cripple Creek & Victor mine to Newmont Mining.
It may reduce the value of its 60% stake in the Samancor Manganese joint venture, as it keeps furnaces shut due to low prices for the commodity.
Iron ore trading at near four-months highs despite sharp drop in Chinese imports, but analysts say rally is "living on borrowed time."
The Minerals Council of Australia has today launched a new website to help better inform the community about Australia's iron ore industry.
The technology groups key focus.
The deal also includes a $5 million contingent payment and a 1% royalty on a recent discovery north of Waihi’s current operations.
Mali, Papa New Guinea, Burkina Faso, Guinea, Tanzania, DRC and Mongolia among countries where gold mining contributed the most to their locals economies, says the World Gold Council.
They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.
China is approaching distressed Australian iron ore miners, hoping to pick them up on the cheap.
BHP Billiton's outspoken chief executive officer believes oversupply will keep global metals prices lower for much longer.
Signs of demand improvement as iron ore imports cover at Chinese ports fall to near two-year low.
A World Gold Council report shows the sector's contribution was greater than the GDP of over 150 different countries and larger than the total value of global overseas aid in recent years.
The dramatic fall was led mainly by the iron ore and coal sectors.
The study, commissioned by Nautilus Minerals, shows seabed copper mining may cause less disruptions to the environment and local communities than terrestrial operations.
One-quarter of the company's workforce.
Contract involves support and project services for more than 170 applications. Empired is based in Perth.
Heavy news indeed for the country known for building the first-of-its-kind transcontinental railway and interstate highway system.
She lost control of the family trust, which holds almost 25% of iron ore miner Hancock Prospecting.
Climate has a strong impact on copper resources, according to a new research by the University of Idaho and the University of Michigan.
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