Mining Exploration News
June 26, 2009 Filed under Mining Companies, Mining Production, Oil Gas Mining
Brazilian mining company Vale S.A. on June 24, announced founding a consortium with Biopalma da Amazonia S.A. to produce biodiesel beginning in 2014 from dende palm oil. In the announcement, Vale said the consortium will be the biggest producer of palm oil in the Americas, with an investment of $500 million in the project, $305 million provided by Vale.... [Read more]
Read MoreOre Mining
Brazilian Vale: fine iron ore settlement price down 28.2%LONDON (MarketWatch) — Brazilian mineral extractor Vale, said that it has concluded...
Chinese steel group opposes BHP-Rio Iron Ore joint ventureChina’s steel industry group said Tuesday it opposes a proposed venture between...
Northwest Pipe Company Announces $11 Million OrderNorthwest Pipe Company on Monday June 8, 2009, reported that it has received a commitment...
Read MoreOil Gas Mining
Vale to produce palm biodieselBrazilian mining company Vale S.A. on June 24, announced founding a consortium with...
Gastar Exploration Announces Initial Production From Multi-Lateral Production Pilot in AustraliaGastar Exploration Ltd.–(June 18 /PRNewswire)– announced that the aggregate...
Whiting Petroleum prices preferred offering at $100 a shareDENVER (AP) - - Whiting Petroleum Corp. said late Wednesday it has priced its offering...
Read MoreCopper Mining
Freeport-McMoRan Copper & Gold Reaches Its 2009 High, Matching Copper’s MoveFreeport-McMoRan Copper & Gold (FCX) climbed above $60 a share for the first time in 2009, as shares of the metals giant keep pace with the improvement in the trading price of some underlying metals. Copper prices moved up to their highs for the calendar year, getting up to $5200 in London Merc trading, the highest its reached since mid-October.... [Read more]
China Nonferrous Metal Mining Corp. (CNMC) invest $400 million in Zambia’s Luanshya Copper MinesChina Nonferrous Metal Mining Corp. (CNMC) on Saturday pledged to invest $400 million in Zambia’s Luanshya Copper Mines (LCM) after formally taking over the running of the mines, officials said. Mines and Minerals Development Minister Maxwell Mwale said CNMC would also develop the Mulyashi project, which previous owners of LCM had said could start... [Read more]
Inmet Announces First Copper Production at the Las Cruces MineTORONTO, - Inmet Mining Corporation is a Canadian-based global mining company that produces copper, zinc and gold, announced June 3, 2009 that at 11:00 a.m.Seville time, Cobre Las Cruces S.A. produced the first copper cathodes from its hydrometallurgical process plant. Las Cruces resumed mining activities at the bottom of the mine pit on April 29th... [Read more]
Mining giant Grupo Mexico offers $2.9 billion for AsarcoMining giant Grupo Mexico offers $2.9 billion for Asarco; tops bid by India’s Sterlite Grupo Mexico SAB offered $2.9 billion Tuesday to regain control of Arizona-based Asarco LLC and pull it out of bankruptcy protection, topping a bid from India’s largest copper producer. The two mining giants are seeking Asarco’s assets, including... [Read more]
Kinross Gold Corporation Invest in MillrockMillrock Resources Inc. announced that Kinross Gold Corporation has made a private placement in the Company in the amount of Cdn$350,000. The placement consists of a purchase of 2,187,500 Units at Cdn$0.16 cents per Unit. Each Unit is comprised of one Millrock share and one half share purchase warrant. Each whole warrant may be exercised at a price... [Read more]
Read MoreGold Mining
Newmont Mining completes acquisition of Boddington gold mine projectSYDNEY -(Dow Jones Newswires)- Newmont Mining Corp. (NEM) Friday said it has completed the acquisition of the remaining 33.3% interest in the Boddington gold mine in Western Australia from AngloGold Ashanti...
Midway Gold announces Mineral Resource estimate for the Golden Eagle ProjectMidway Gold Corp. (”Midway”) is pleased to announce a Mineral Resource estimate for the Golden Eagle Project, Washington. Using a 0.020 ounce per ton (opt) gold cut-off, the Indicated resource...
General Metals Corporation completes baseline environmental surveys required for the permitting and engineering program of the Independence projectGeneral metals corporation General Metals Corporation (the “Company”) (OTC.BB: GNMT) (Frankfurt: GMQ) completed the baseline environmental surveys recently. These surveys are part of the aggressive...