BLM approves Newmont mine expansion
May 30, 2011 by goldguru · Leave a Comment
The US Bureau of Land Management has issued a record of decision approving plans by Newmont Mining to expand its Genesis-Bluestar operations on the Carlin Trend in Nevada.
Newmont’s Genesis project will involve expanding the existing Genesis open pit and developing a new pit, Bluestar Ridge, backfilling the Bluestar and Beast pits, and then partially backfilling the Genesis pit as mining progresses.
Canada Lithium gets permit for blighted Quebec project
May 30, 2011 by goldguru · Leave a Comment
Canada Lithium Corp (CLQ), which earlier this month cut resources at its Quebec project by about one-third after discovering errors in the model, said on Monday the La Corne Municipality had awarded the company permits to build surface infrastructure at its flagship project.
The company also said it would finish a 50-hole drilling programme, which it started this month, in June.
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Gokhran has sufficient palladium to continue exports in 2012 – report
May 30, 2011 by goldguru · Leave a Comment
A Russian finance ministry official told Interdax the state repository has sufficient stocks of palladium to continue exports in2012
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Hindalco to raise $1.77bn for Orissa Aluminium project
May 30, 2011 by goldguru · Leave a Comment
The Indian firm says it plans to soon raise the debt to help fund its Aditya Aluminium project in eastern state of Orissa
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Indonesia in the spotlight as coal demand grows
May 30, 2011 by goldguru · Leave a Comment
As demand for coal grows in India and China, Indonesia’s coal supplies are likely to come more and more into the spotlight
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Workers strike at CSN iron ore mine
May 30, 2011 by goldguru · Leave a Comment
According to a union representative, workers at the Brazilian miner’s Casa de Pedra iron ore mine went on an open-ended strike over the weekend
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Torex eyes five million ounces gold at Morelos
May 30, 2011 by goldguru · Leave a Comment
A new round of drilling results lends support to resource expansion at Torex’s Morelos project in Mexico where it hopes to define at least five million ounces gold.
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Steady commodities give promise of firmer TSX opening
May 30, 2011 by goldguru · Leave a Comment
Steady commodity prices could result in Toronto’s main stock index opening higher than expected.
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Eskom interrupts power supllies to BHP to manage shortages
May 30, 2011 by goldguru · Leave a Comment
Eskom has been managing its power shoratage by interupting supplies to BHP’ aluminium smelters.
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Silver turnover on COMEX has tripled this year against 2010
May 30, 2011 by goldguru · Leave a Comment
Trading volumes show that, this year at least, the silver market is nowhere near as much smaller than gold as is often suggested
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