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Peel Mining Expands Exploration Potential at Mallee Bull in NSW with Permit Acquisition
May 21, 2012
Peel Mining has expanded the exploration potential of its Mallee Bull copper-polymetallic prospect in the highly prospective Cobar Basin with the acquisition of an OZ Minerals permit immediately adjacent to the prospect. The company has also pegged several large tenement areas,…
AngloGold Doubles Reserve Estimate for Its La Colosa Gold Mine Project in Colombia
May 21, 2012
AngloGold Ashanti has raised its reserve estimate for Colombia’s massive La Colosa gold mine project to 24 million ounces, or nearly double the initial estimate of 12.3 million ounces made two years ago. Rafael Herz, president of the South Africa-based gold…
Car-Sized Turtle Found in Colombian Coal Mine
May 21, 2012
Remains of an enormous turtle, which was the size of a Smart car, have been unearthed in a Colombian coal mine. The shell alone of the 60-million-year-old turtle, Carbonemys cofrinii aka “coal turtle,” is large enough to be a small swimming…
Continental Coal Enters Option Agreement to Acquire 50 Percent of Coal Mine in Colombia, $15 Million
May 18, 2012
Continental Coal said it has entered into an exclusive option for the potential acquisition of a 50 percent joint venture interest in a producing hard coking coal mine in Colombia. The move is in line with the company’s strategic objective to…
Xstrata $60 Billion Philippine Mine May Stall at Church Door
May 18, 2012
Xstrata Plc, the world’s fourth- biggest copper producer, risks missing a 2016 target to begin extracting about $60 billion of minerals from its project in the Philippines because of opposition from the Catholic Church. The central government in January rejected the…
Haiti’s New Prime Minister: Mining Laws Being Drafted
May 17, 2012
Haiti’s new prime minister says his government is drafting legislation on a newly emerging mining industry to ensure the impoverished Caribbean nation reaps its fair share. Laurent Lamothe says the legislation will be sent to Parliament soon. He says it will…
Colombia Free Trade Agreement Takes Effect May 15, Expected Growth for Mining Industry
May 16, 2012
The free trade agreement with Colombia, passed by Congress last October, goes into effect. This agreement allows manufacturers to begin reaping the benefits of the Colombian market. The implementation of this agreement presents a major opportunity for manufacturers in the U.S.…
Slater Mining Extends West Khazret Exploration License in Northwest Kazakhstan
May 16, 2012
The Ministry of Industry and New Technology of the Republic of Kazakhstan has extended the Exploration Contract for the West Khazret Gold Project to May 5, 2014 according to Slater Mining Corporation. Following the exploration period, Slater Mining has the exclusive…
TurkPower’s Subsidiary Sibcoal Mining Acquires Coal Field for Development in Kuzbass Region
May 16, 2012
TurkPower Corporation’s wholly owned subsidiary, Sibcoal Mining Corporation, has acquired 100 percent share of a 49-year lease to develop, operate, and mine the Zavyalov Square Part 1 of the Toguchina Coal Field. Zavyalov is an open pit mine with over 100M…
Rising Tungsten Prices Spark New Mining Development Outside China
May 16, 2012
GTSO Resources isn’t alone in exploring new opportunities in the booming global tungsten market: Rising prices and demand for the super-hard metal have sparked new mining activities around the world as manufacturers seek new sources for the critical element outside of…
