The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
Australia Mining News
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
Miners and explorers are only spending a third of what they did four years ago – and proportion of greenfield exploration are at record lows.
Things are looking up for the Australian coal industry.
The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.
A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.
The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.
The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.
The world's fourth largest miner of the steelmaking ingredient said it also benefitted from declining costs.
The world's number five diversified miner posted its first annual net profit in five years.
While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.
BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.
Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
The Australian coal industry has launched a new coal advertising campaign – Coal: Making the future possible – that highlights the important role coal will play in the world’s future energy mix while reducing emissions.
The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
Majors and juniors swap roles in $7 billion a year mining exploration sector
Restrictions would remain in place for six months, with some mines and areas possibly excluded.
Down 4.7% on Tuesday to five-month low as ultra-cheap Mongolian coal gets trucked into market.
The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.
The Anglo American's unit logged earnings of $607 million for 2016, basically double the $304 million it recorded in 2015.
The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.
Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.
The Australian government has opened the door to using a $5 billion fund designed to attract investment in northern Australia, to develop clean-coal projects.
Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.
Porgera Joint Venture (PJV) and RCT has had a long history of evolving site remote loader capabilities at the Porgera Gold mine in Papua New Guinea over the years. The site’s innovation journey began with RCT’s ControlMaster® Line-of-Sight and has evolved quickly from there.