Newcrest Mining Ltd, Australia's biggest gold company, has delivered a record annual profit and says it is being sought after by third parties to partner on projects as the credit crisis squeezes access to funding. read more »
BHP Billiton Ltd, the world's largest mining company, expects demand for commodities and growth from China to remain strong, after delivering another record annual profit. read more »
Zinc miner Terramin Australia Ltd says it is not operating at a loss unlike some of its peers and that the metal's price will recover from its low levels in coming months. read more »
British mining company Lonmin PLC ramped up its defence against a hostile US$10 billion takeover approach from Anglo-Swiss miner Xstrata PLC on Wednesday, telling shareholders that the offer does not recognize its potential for growth. read more »
Shares in Cameco Corp. (TSX:CCO) dropped more than five per cent Wednesday morning after the company reported increased rates of water flowing into its flooded Cigar Lake uranium mine. read more »
High hydrostatic pressure, difficult geological conditions, ground freezing and many more details about this non-entry underground operation are being provided by Minesites.read more »
OceanaGold will invest $29 million in Philippine copper and gold project Didipio in the next six months, but the firm is also in talks to arrange a merger or a joint venture to further finance the project.
Reports that Tuareg rebels operating in the north of Niger. and which had been targeting uranium mining operations there, had agreed to a ceasefire have been denied by their leaders.
The ongoing strike at three Potash Corp. of Saskatchewan mines has so far had little price impact as fertilizer demand low at this time of year, but if it continues into September this could change.
RBC Capital believes Harmony is slowly starting to deliver after completing its restructuring and expects more operating and cost improvements from the company.
As part of its programme to achieve 75 percent self sufficiency in its iron ore supplies y 2012, steel producer ArcelorMittal has announced it is to buy London Mining Brasil.
Mining Field: Mine LayoutArea: Mine Entries (Rule#54)
As a rule, a belt conveyor operation is more economical than rail or truck transport when the conveying distance exceeds one kilometer (3,281 feet).
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