Venezuela’s National Assembly Mining Subcommittee Chairman told miners this week that only concessions pertaining to inactive mining contracts will be voided under the nation’s new mining law.
Quoted in Vheadline.com, National Assembly Deputy Jose Ramon Rivero told a group of miners that the new law will void those contracts that were issued by CVG up to [...]

Glencar Mining plc has today announced the results of a first pass, reverse circulation drilling programme at the Sanankoro target, in the Bokoro concession in southern Mali.
Borehole BKRC007 returned an intersection of 21 metres grading 1.12 grams per tonne gold between 16 and 37 metres downhole depth.
The Bokoro concession is one of three concessions being [...]

Franklin Mining, Inc. is pleased to announce today the significant value estimated by the COMIBOL reports on the Cerro Rico Mine reserves. It is believed to hold over 33 million ounces of silver. San Pedro (the fourth vein) reserves are projected to be over 11 million ounces of silver. The results were provided by the [...]

For Evy Hambro, who manages the world’s biggest mining fund at Merrill Lynch & Co., small is profitable.
Hambro steered the $6.6 billion fund to the best performance this year among 270 peers tracked by Standard & Poor’s by increasing investments in small and mid-sized companies. Shares of Hambro’s top performers, Perilya Ltd. of Australia and [...]

Aurora Energy Resources Inc., a company in which Altius holds a 19.9% interest as Aurora’s second largest shareholder, today reported further significant drill results from its ongoing drilling program on the Michelin deposit in the Central Mineral Belt uranium project in Labrador, Canada.
A copy of the Aurora news release is provided below in its entirety. [...]

The just completed fiscal year’s last tender for the purchase of the mineral tantalum floated by the Ethiopian Mineral Development SC (EMD) has been awarded to the Chinese company, Ningxia Non Ferros Metal Import and Export Corporation, on June 17, 2006.
Ningxia was the highest bidder paying 865,456 dollars for 20.332tn of tantalum. Central Africa Mining [...]

Inmet Mining Corp.’s (TSX:IMN) second-quarter profit soared to $132.1 million from $31.6 million a year ago, as sales were given a boost by higher metal prices.
That amounted to $2.74 per share for the three months ended June 30, compared with 75 cents per share for the same period last year, the company said Tuesday.
Sales more [...]

Aquiline Resources Inc.is pleased to announce further results from its 2006 exploration drilling program at its 100% owned Calcatreu gold-silver project in Rio Negro Province, Argentina. The objective of the program was to identify areas with potential for the development of additional resources in the immediate vicinity of the Vein 49 \ Nelson deposits which [...]

Minco Mining & Metals Corporation has decided not to proceed with the proposed distribution of up to 6.5 million Minco Silver Corporation (”Minco Silver”) common shares held by the Company (the “Proposed Distribution”).
The Proposed Distribution has proven to be a complex and costly process, particularly to the Company’s US shareholder base, and would have subjected [...]

Western Canadian Coal on Monday announced the start-up of its $180-million Wolverine mine in northeastern B.C. and the signing of a long-term port agreement with Ridley Terminals Inc. in Prince Rupert.
“Start-up is proceeding well and the plant is processing hard coking coal,” said Western Coal CEO John Hogg. “Our operations staff and contractors have done [...]