Rimfire Minerals Corporation announce that in partnership with Inmet Mining, it has commenced the second phase of fieldwork at the Grizzly Property in northwest British Columbia. Phase 2 will consist of 1500 metres of drilling aimed at targets defined by the first phase program which included prospecting, mapping, soil geochemistry and a 32 line kilometre [...]
Aker Solutions was awarded the engineering, procurement and construction management for Kennecott Utah Copper Corporation’s new Molybdenum Autoclave Process (MAP) Project facility. The facility is to be located near Kennecott’s refinery west of Salt Lake City, Utah USA. The value of Aker Solutions’ scope is over USD 33 million out of the project’s estimated capital [...]
Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona.
Pre-feasibility studies are expected to be completed by 2012 with production at the new mine expected to start by 2020, [...]
For major mining companies such as Rio Tinto and BHP Billiton, the future life is a combination of their exploration work and enterprise: to find things on their own, to be approached by other companies in deals , or make acquisitions.
Rio growth with Alcan bought last year and is now off fighting an attempt by [...]
Mega Uranium Ltd. is pleased to announce encouraging results in the first batch of assay results received from 11 holes in the 50 hole, 3895 metre RC/diamond core validation drilling programme undertaken on its Maureen uranium resource in the last quarter of 2006 (see table 1 below). Maureen, located in the Georgetown region of Queensland, [...]
A consortium led by China’s biggest gold miner, Zijin Mining Group Co., has made a 94.6 million pound, or $185.4 million, offer for British copper miner Monterrico Metals PLC, in what could become China’s first outright takeover of an overseas listed company.
The proposed acquisition, announced earlier this week by Monterrico and Zijin, is the latest [...]
Uranium Oil and Gas Ltd, a minerals company targeting a broad range of commodities including uranium and oil has not begun public life the way it might have hoped.
Despite having uranium projects in its portfolio, the company’s shares opened in negative territory at 18.5 cents, down from an initial public offer price of 20 cents, [...]
U.S. Energy Corp. and Crested Corp. , d/b/a USECC, today announced the signing of a Letter Agreement with Kobex Resources Ltd. (TSX Venture Exchange: KBX.V - News) whereby Kobex can acquire a 50% interest in the Companies’ Lucky Jack (formerly known as Mt. Emmons) molybdenum deposit in west-central Colorado (the “Project”).
On October 6, 2006, U.S. [...]
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 [...]
Aurelio Resource Corporation (”Aurelio”) (OTCBB: AULO) is pleased to announce that it has completed, pursuant to an agreement entered into with Aurelio Resources Inc. (”ARI”) and its shareholders dated April 27, 2006, the acquisition of all of the issued and outstanding common stock of ARI, a privately-owned Colorado corporation engaged in mineral development, expansion and [...]
