Cia. Vale do Rio Doce, the world’s largest iron-ore producer, plans to raise output 12 percent with the opening today of a $1.1 billion mine in Brazil, helping to meet soaring Asian demand for the main steel ingredient.
The Brucutu mine in Sao Goncalo do Rio Abaixo, 92 kilometers (57 miles) from Belo Horizonte, in Brazil’s [...]

Commissioner of Mines, Clinton Thompson, has confirmed that the St. Ann Bauxite Company has failed to restore mined-out lands within the stipulated three years.
But Mr. Thompson says the Government is not considering applying the penalties that accompany such breaches.
Restoration schedule
“The aim of the Government is not to collect the penalty but to ensure that the [...]

Thor Mining was up today as the group focused on advancing tungsten-molybdenum and uranium projects in the Northern Territory of Australia updated on its Molyhil project.
The company said the deep reverse circulation drilling program has completed at Molyhil as part of current definitive feasibility study.
Significant widths of Molyhil black rock magnetite skarn have been intersected [...]

This summer BCM Resources Corporation completed mapping and surface sampling on the Shan property located 20 kilometres northeast of Terrace, BC. This program combined with historical data outlined widespread molybdenum mineralization present in float and outcrop over an area of 800m by 500 m.
Molybdenite is present as disseminations around the contacts of finer grained late [...]

Bellhaven Ventures Inc. is pleased to confirm the presence of molybdenum in addition to previously-announced copper and gold mineralization at its Cerro Chorcha porphyry copper deposit in western Panama. Cerro Chorcha, a 242 km(2) concession block located 40 km from the Cerro Colorado porphyry copper deposit, is held by Cuprum Resources, a wholly-owned subsidiary of [...]

Inca Pacific Resources Inc. has initiated a final feasibility study and awarded contracts to engineering firms for the Magistral copper-molybdenum project located in Ancash, Peru. The final feasibility study will be of a form and content that will satisfy the requirements of banking institutions to provide financing to construct a mining operation at Magistral. [...]

Qatar Fertilizer Company (Qafco) has signed an agreement with Jordan Phosphate Mines Co Ltd (JPMC) to increase its ammonia supply to the firm to 130,000 metric tonnes.
Khalifa Abdulla Al Sowaidi, Qafco Managing Director and Waleed Al Kurdi, JPMC Chairman signed the agreement in Amman. During the ceremony Al Suwaidi handed over Qafco’s award “Customer [...]

Mosaic Co., owner of the Four Corners phosphate mine in Manatee County, reported an increase in profits for its fiscal first quarter today, despite a decrease in revenues. The company also named a new chief executive.
Mosaic, which distributes crop nutrients and animal feed products, attributed its 43 percent increase in profits to one-time benefits, such [...]

America Asia Petroleum (OTC Pink Sheet: AAPM) has been cultivating business relationships in China, and is about to benefit from the explosive growth of China’s automobile industry. China, with a population of 1.2 billion, is on track to become an automotive market similar to the USA. The company plans to support that growth by providing [...]

Pundlik Bellary and Joginder pumped in two goals apiece as Bharat Petroleum scored its second straight win to make it to the semifinals of the 17th Lal Bahadur Shastri hockey tournament at the Shivaji Stadium here on Wednesday.
Bellary opened the account early on in the third minute and then scored the final goal of the [...]