The copper-uranium-gold-silver project has a 100 year mining life, so a glitch this year was unlikely to sway a company that thinks well ahead, the CEO of the Olympic Dam Taskforce said Tuesday.
Trading in the stock was halted in a circuit breaker around lunchtime after falling 57.6% over doubts about its finances and is now worth less than tenth of what it was in July last year.
Australian company Crusader Resources Ltd. will invest $400 million in a gold mining project located in the Currais Novos region in Brazil’s north-eastern state of Rio Grande do Norte. The project is expected to be one of the biggest gold mines in the country.
The Montreal Gazette interviews Gevorg Mkhitaryan, owner of a small diamond polishing operation, who was part of a group of about 60 Armenian diamond cutters and polishers brought to the Northwest Territories to work in Canada's Yellowknife’s nascent diamond processing industry.
Diamond's extensive mining experience of Diamond V Associates, could make the company a strong ally in GTSO's mission to bring new sources of tungsten online.
African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.