Vancouver-based Aurizon Mines now expects to complete a feasibility study on its Joanna gold project in the third quarter of this year, CEO David Hall said on Wednesday. If all goes to plan the company will target its first production from the mine in late 2013, he told analysts on a conference call. ...
Tahoe Resources has received approval from the Guatemalan Ministry of Environment and Natural Resources for an underground exploration programme at the Escobal project in Guatemala. The firm has also acquired the land and surface rights required for the mine and project facilities. Tahoe plans to complete 1,950m of underground excavation work to access drill stations ...
Flinders Mines have jumped in price following encouraging results from its Pilbara iron ore pre-feasibility study. It predicted that stage one of the project would come in at $488 million, with construction slated for the first quarter of 2012 and production expected for the start of 2014. The study outlined a 5 million tonne per ...
Major Japanese utilities may be forced to pay nearly 50 percent more than a year ago for their largest annual thermal coal contracts as floods in Queensland push prices higher, according to an analyst report released Jan 18. The price for the key Japanese fiscal year thermal coal contract could settle at $145 per tonne, ...
US Nickel is purchasing a Ball Mill to begin construction of a 500,000t-per-annum gold processing plant at the Bullant mine project near Kalgoorlie, Australia. The purchase includes associated drives and pumps located north of Leonora, Australia. The company is awaiting shareholder approval and settlement of the Bullant mine acquisition, which is expected next month. Preliminary ...
The Chinese Government is taking measures to tighten pollution standards for rare earth mining in the Inner Mongolia autonomous region. Inner Mongolia government rare earth adviser Yang Wanxi said the draft regulation had been filed with the Ministry of Industry and Information Technology, which is canvassing opinion within the industry on the proposals, reports China ...
Canada’s New Millennium Capital will begin construction work on phase I of its direct shipping ore (DSO) project within the next few months. The company has obtained environmental impact statement approval from the Government of Newfoundland and Labrador, which will allow it to commence the proposed iron ore production by the second quarter of 2012. ...
A life-saving mine safety capsule that can provide emergency shelter for trapped miners has cleared stability tests in Xi’an, Shaanxi province, China. The capsule can provide shelter for 12 people for 120 hours during emergency conditions and protect them from blasts and toxic gas, allowing time for rescue, according to Xinhuanet. Developed by Dongfeng Instrument ...
Spot gold edged higher on Monday, after losing 3,5% in the first week of 2011, as fears over the euro zone debt crisis buoyed appetite for bullion, and bargain hunting in the physical market provided support. Spot gold edged up 0,4% to $1 373,99/oz by 0:347 GMT US gold futures also gained 0,4% to $1 ...