Shear Minerals announced that winter exploration drilling on the Liege Diamond Project located in Northern Alberta, Canada, has commenced. Three initial priority targets have been selected for drill testing and are suggestive of kimberlite based on a
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mend fences with if he tried to regulate the pace of development in the Canadian province’s vast oil sands, analysts said on Friday. Ron Liepert, whom Premier Ed Stelmach named as head of the key energy department this week, told a newspaper that Alberta
minister will not use legislation or regulation to control the pace of development in the Canadian province’s oil sands, his spokesman said on Friday. Earlier, in a newspaper interview, Energy Minister Ron Liepert mused about moving away from a policy
Bloomberg News A mix of coal, natural gas and other fossil fuels will still supply 68 percent of the nations energy needs in 2034, according to one projection. A quarter century from now the United States’ reliance on fossil fuels will have declined
Huge news from Oregon today : Portland General Electric is planning to shut down the state’s only coal plant by 2020, years earlier than expected. From the Oregonian : Based on its analysis of carbon and natural gas prices, however, PGE maintains
ET NEW YORK, NY–(Marketwire – 01/15/10) – Andes Gold Corporation. (Pinksheets: – ) announced today that it has concluded the acquisition of the ‘Roman Mine’ a neighboring property. The company is pleased to announce that the negotiations for the
VANCOUVER, B.C. – Zincore Metals Inc. (TSX:ZNC) announced Friday it has entered into an option agreement to acquire two Pembrook Mining Corp. zinc-lead properties in Canada and Peru. Zincore can earn a 100 per cent interest in Pembrook’s Cariboo project
Trading activity on the London Metal Exchange was relatively flat in 2009 but it still represented the second highest trading volume in the Exchange’s history. A total of 111.9 million lots were traded, down a modest 1% on 2008′s 113.2 million total. The
Investors shunned the larger precious-metal producers in London this week, while gold minnows proved to be the stars of AIM. On the Main Board, International Ferro Metals had the largest increase. The South African ferrochrome producer is releasing a
Cazaly Resources Ltd plans to begin a full feasibility study for development of its Parker Range iron-ore project in Western Australia’s Yilgarn region. This follows a prefeasibility study which indicated it could support output of 4Mt/y of fines product
Metallurgical Corp of China Ltd (MCC) will reportedly make a US$200 million investment in Australian billionaire Clive Palmer’s private company Resourcehouse. If confirmed, the financing will boost development of Mr Palmer’s A$7.5 billion (US$7 billion)
Belgium-based Nyrstar NV has approached Australian zinc-lead-silver producer CBH Resources Ltd, regarding a potential takeover, valuing CBH at A$220 million (US$203 million). CBH made the admission, which Nyrstar confirmed, following media speculation of
Consolidated Thompson Iron Mines Ltd has entered into an agreement to issue US$100 million senior secured bonds to Marret Asset Management Inc, effectively replacing a standby facility previously announced in May 2009. The new agreement will increase the
The Cullinan diamond mine, owned by Petra Diamonds Ltd, will nearly triple production in the next decade under the expansion plan currently being implemented. According to a trading update from Petra, production at the South African mine will increase
There has been a marked improvement in optimism amongst mining companies in North America during the quarter to end-December. However, most executives are still very concerned about their ability to secure finance and retain the confidence of
minister will not use legislation or regulation to control the pace of development in the Canadian province’s oil sands, his spokesman said today
Medoro Resources announced that infill drilling is now underway at Zona Alta of the Marmato gold property, Colombia. Three drills are currently working at the project with a further two drills expected to be up and running by the end of January.
Crazy Horse Resources announced it has entered into a letter of intent dated January 14, 2010 with Asian Arc Minerals Corp. , to purchase Asian Arc Mineral’s 100% interest in two mining exploration permit applications covering the Kayapa Copper-Gold
OTTAWA (AFP) – Canada should consider reining in development of its booming oil sands, the world’s second largest reserve behind Saudi Arabia, Alberta’s new energy minister said in an interview published Friday. “I believe we have an opportunity to sit
Terra Ventures announced surface sampling results carried out in partnership with Novus Gold on Novus’s REN gold property in the Northwest Territories, Canada. This sampling program traced gold mineralization and iron formation over a length of 7
Newcastle Mineral announced that it has negotiated an option to purchase a 100% interest in five mineral claims covering approximately 1,960 acres in Ontario’s Dona Lake Township, Canada, adjoining the Company’s previously-optioned claims announced