American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter into a joint venture with International Tower Hill Mines Ltd., in respect of ITH’s high grade Terra Gold Project in Alaska. Pursuant to the letter of intent, Terra Gold Corp. (“Terra”), an Alaskan subsidiary of AMC and Raven Gold Alaska Inc. (“Raven”), a subsidiary of ITH, will form a joint venture...
Alcoa Inc. and Aluminum Corporation of China to Explore Strategic Ventures
Chinalco and Alcoa jointly announced today that the two companies intend to explore opportunities to expand their commercial relationship by identifying strategic ventures that will benefit from the companies’ complementary strengths in bauxite, alumina, aluminum and fabricated products. “Alcoa is a respected leader in our industry and a valuable friend. We intend to grow our friendship and...
The Rio Tinto Plc Company Profile Comments on the Company’s Outlook for the Forthcoming Periods Both on Strategic and Financial Point of Views
Research and Markets has announced the addition of the “Rio Tinto Plc – Company Profile” company profile to their offering. Company Profile will assists individual investors, managers and companies in evaluating opportunities, trends, market innovations, and selecting appropriate information solutions in order to make effective decisions. The report has been made after extensive research...
Diavik Diamond Mine first quarter update
Diavik Diamond Mines Inc. (DDMI), operator of the Diavik Diamond Mine, is pleased to provide this first quarter update. Diavik continued to build on its strong safety record with zero lost time injuries, two medical treatments and an all injury frequency rate of 0.37 during the first quarter of 2008. DDMI was notified that for its excellent 2007 safety record, Diavik has been selected to receive the...
Australian Minister Says Let Market Decide On Iron Ore Pricing
The outcome of annual iron ore contract price negotiations between Australian suppliers and Chinese buyers must be decided by market forces, Australian Trade Minister Simon Crean said Saturday. China wanted the status of a market economy, which Australia previously formally recognized during trade negotiations, so it must recognize that the market will determine prices, he said. “No one likes...
Indonesia plans to limit mining areas
Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment. Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn more from the sector, particularly as strong demand from China and India is...
Cyclone forms off Australia, oil drillers on watch
A powerful category-three cyclone has formed off the northwest coast of Australia and is likely to move south or southeast, potentially threatening production at some offshore oil fields. Australia’s Bureau of Meteorology said on Wednesday that tropical Cyclone Pancho was located 1,208 km (750 miles) west of the Exmouth region at 4 p.m. local time and warned of winds above 55 knots with “very...
Anglogold eyes uranium potential in Australia
Booming uranium prices could tempt Anglogold Ashanti Ltd. , the gold mining arm of Anglo American , into uranium exploration in Australia, a company executive said on Wednesday. Anglogold, which already mines some uranium as a by-product from gold mines in South Africa, was looking at the potential for yielding uranium from the Tropicana gold prospect in Western Australia state, said Graham Ehm, regional...
BP, Rio Tinto Venture to Develop Clean Coal Energy
BP Plc and Rio Tinto Plc formed a joint venture, Hydrogen Energy, to develop technology for producing power from coal, oil and natural gas without emitting the gases blamed for global warming. Rio will pay $32 million to BP to form the equally owned venture, which includes two planned BP hydrogen-fuel projects in Scotland and California that will cost at least $1 billion each. “Projects such...
Xinfa’s Australian investment hunts more bauxite
Cape Alumina Pty Ltd., part owned by Chinese aluminium group Chiping Xinfa Huayu Alumina Co Ltd., has gained approval to look further afield for bauxite in Australia, underscoring China’s hunger for the raw aluminium-making material outside its borders. Cape Alumina is prospecting in Australia’s bauxite-rich Cape York region, where world No.2 miner Rio Tinto Ltd./Plc. also has mining operations. Australia’s...
Latest Mining News
Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
Subscribe to Mining Top News Newsletter
Sign up to receive daily email updates of Mining Top News headlines. Enter your email address below:
Mining Top News - Exploration and Mining Industry News
