Tuesday, July 23, 2013

Miners eye sea as land resources diminish

October 30, 2009 by · Leave a Comment 

The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]

Uranium Resources plans to buy out Tanzania JV partners

October 30, 2009 by · Leave a Comment 

Aim-listed uranium exploration company Uranium Resources plans to raise £1,6-million by December to fund a proposed A$2,9-million cash-and-share deal to acquire its Tanzanian uranium projects joint-venture partners. It would acquire the share capital of WML Uranium Holdings and Western Metals Tanzania, which were subsidiaries of the Indago Group, for A$2,5-million in cash and A$400 000 [...]

Impressive new platinum group resource figures from Duluth

October 30, 2009 by · Leave a Comment 

The Duluth complex in Minnesota, U.S. hosts one of the world’s great polymetallic metals deposits and one of the key players is Canadian junior, Duluth Metals, which has just announced updated precious metals resource figures. Read more….

SNR aims to start large-scale coal sales by mid-2010

October 29, 2009 by · Leave a Comment 

Strategic Natural Resources (SNR), which owned 74% of South Africa’s Elitheni Coal, had achieved its first revenues from coal sales and had made “significant progress” towards starting large-scale coal sales by the second half of 2010. SNR CEO Richard Latham on Thursday noted in a statement to shareholders that the Aim-listed company had continued to [...]

Vedanta unit Sesa Goa under fraud investigation

October 29, 2009 by · Leave a Comment 

India’s Sesa Goa, a $5-billion unit of London-listed metals group Vedanta Resources, is being investigated by the Indian government for financial and other irregularities. India’s largest iron-ore exporter said on Thursday it and its unlisted Sesa Industries (SIL) subsidiary were under investigation by the Serious Fraud Investigation Office (SFIO), and the probe had to be [...]

Vedanta Resources unit investigated by fraud

October 29, 2009 by · Leave a Comment 

Sesa Goa is being investigated by the Indian government for financial and other irregularities Read more….

Rockwell hires former Pamodzi GM as operations chief

October 28, 2009 by · Leave a Comment 

Former Pamodzi Gold East Rand GM Graham Chamberlain would take up the position of COO at JSE- and TSX-listed Rockwell Diamonds from November 1. Rockwell CEO John Bristow on Wednesday said that Chamberlain’s mix of engineering, mineral resource and financial training, as well as extensive operational experience in the senior and mid-tier mining sector would [...]

Sylvania’s September quarter PGM output up 36%

October 28, 2009 by · Leave a Comment 

South Africa-focused Sylvania Resources on Wednesday reported that platinum group metal (PGM) production for the quarter ended September had increased by 36% compared with the previous quarter. Sylvania said in a statement that it produced 5 558 oz of PGMs, compared with the 4 074 oz produced in the June quarter. The increase in production [...]

More Coins, Articles and Features Added to Coin Collecting News Web Site

October 27, 2009 by · Leave a Comment 

(San Antonio, TX) – CoinCollectingNews.org was originally designed as a quick hub where interested parties could learn about the latest coin news from leading sources. While this feature continues as the site’s trademark, Coin Collecting News recently expanded to offer brand new resources and more than 150 pages of quality information relevant to the hobby [...]

Chinese gold jewellery sales predicted to soar

October 27, 2009 by · Leave a Comment 

Sales of gold jewellery will see double-digit growth in China by the end of 2009, it has been predicted. Speaking to Bloomberg, Hong Kong Resources Holdings chairman Kennedy Wong said his company had recorded a 16 per cent rise in gold and other jewellery in China in the first nine months of the year.The news [...]

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