* Review of definitive feasibility study completed
* Capital expenditure of US$173 million
* Production of 55% Ta2O5 synthetic tantalum concentrate (SynCon)
* Project finance progress
* Completion of independent technical review
* Lycopodium appointed as [...]
TORONTO and LIMA, NORSEMONT MINING INC. today announced that the company made a new discovery to the Company for 100 one hundred controlled Constancia copper, molybdenum, silver project in south-eastern Peru. Pampacancha The anomaly was discovered approximately 2.7 kilometers southeast of the Constancia - San Jose deposit and is located in an area where the [...]
MANILA, Philippines - Mining companies lured by attractive prospects in the country, but distrust of local opposition could prevent noise barriers in partnership with government, the country’s natural resources minister said.
The Philippines is located on top of $ 1 trillion worth of unexplored copper, gold, nickel and zinc reserves, and hopes to attract nearly $ [...]
TORONTO, ONTARIO, Strategic Resource Acquisition Corporation, announced it is opening a temporary custody and maintenance at its wholly owned subsidiary Mid-Tennessee zinc mining complex (MTZ).
The decision follows a thorough assessment of many scenarios and projections zinc prices that leave little support for continued operations under the current market price and credit environments. Since production began [...]
LAS VEGAS, NV- Elray Resources, Inc , a technique based gold and precious minerals exploration, is pleased to report to shareholders on the results at its Porphyry Creek project in Cambodia.
Elray resources Porphyry Creek Project is a project of land located about 290 km north of Phnom Penh in an area regarded as having the [...]
Oil prices fell to eight-month low below $ 90 a barrel Monday on the assumption that the dissemination of the financial crisis will exacerbate a global economic slowdown and reduce demand for crude oil.
Significant gains by U.S. dollar against the euro also contributed to the collapse of oil prices.
By midday in Europe, light, sweet crude [...]
Virginia, Minnesota - The mining industry on the Iron Range has yet to feel the effects of the financial crisis that the slowing U.S. economy, but experts say some new projects May be affected.
Officials with Cleveland Cliffs and U.S. Steel said that there was no change in the taconite production at five plants on their [...]
NEW YORK, Oil prices fell Friday as the largest bank failure in the history of the nation and uncertainty about the fate of the $ 700 billion rescue has raised new concerns about of the economy.
As Wall Street awaits clarity from the date on which the relief should come from Washington and the economy continues [...]
TORONTO, ONTARIO, Philex Gold Inc. reports that the board of its parent company, Philex Mining Corporation (PMC) , Approved yesterday the acquisition of 50% over the Boyongan copper-gold porphyry property of the Anglo American Exploration (Philippines) BV ( “Anglo”) for $ 55 million. This acquisition will give the Philex group actually full control of the [...]
With the House of Representatives abandonment of the embargo on new offshore oil drilling on Wednesday and the Senate should soon do the same, Californians are wondering how this will affect drilling off the coast of the state.
The State has the power to determine whether there will be any new drilling off its coast. However, [...]