Canadian junior Aquila Resources buying big in the U.S. zinc market
Canadian Junior miner Aquila Resources Inc. (TSX:AQA) announced this morning it has acquired the Five Mile Lake zinc project near Ely, Minnesota.
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University of Alaska Southeast Installs $800K Underground Mining Simulator
An $800K underground mining simulator has been installed in Juneau in the University of Alaska Southeast - now the only school with an simulator of this kind in the United States, reports Juneau Empire.
The mining center had to look to South Africa for the technology as no outfit in the U.S. builds mining simulation of this sophistication. South African technicians traveled to Juneau to help shake out the bugs and train UAS mining instructors on the technology. The simulator, named Cybermine, was created by ThoroughTec Simulation based in South Africa. It will be used to prepare entry-level miners for hard rock mining jobs and to provide opportunity for seasoned miners to hone their skills.
400 million euros worth of shipwrecked gold and silver coins back in Spain
Associated Press reports that two military planes laden with 17 tons of silver and gold coins recovered from a sunken Spanish galleon have touched down in Madrid.
Molycorp fires up new rare earths plant
Molycorp, the company in the process of expanding and modernizing a mine and processing plant closed down in 2002, this week announced the sequential start-up of its Project Phoenix rare earth manufacturing facility.
UN watchdog suspects Iran is diverting uranium
Iran may be diverting uranium for use in weapons research, according to a report by the UN International Energy Agency (IEA), a nuclear watchdog.
Polish Bogdanka Mine sets production world record with Cat® Plow Longwall
On February 16, 2012, the Polish coal mining company Lubelski Węgiel Bogdanka S.A. smashed the world record for daily production from a plow-equipped longwall, with an output of 24,400 tonnes of coal from a single face.
Soft coal market has Alpha Natural Resources focusing priorities
Alpha Natural Resources took a $.73 billion hit in the fourth-quarter, but the US coal producer, the third largest of coking coal in the world, said it has a strategy to counter weak US coal markets by cutting production and concentrating on met coal used in steelmaking.
Vedanta consolidation to create world’s 7th largest natural resources company
London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.
Success in the DRC: Investors line up for Banro already up 50% in 2012
Banro's Twangiza oxide mine poured its first gold Q4 2011and it owns four additional licences along the same rich gold belt in the east of the country. After bumping up its debt offering to $175 million on Friday the company says it can now start building a second oxide mine.
