VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Entrée Gold Inc. (TSX:ETG)(NYSE Amex:EGI)(FRANKFURT:EKA) ("Entrée" or the "Company") has received assay results from three additional deep diamond drill holes on the 100% owned Ann Mason copper molybdenum porphyry deposit in the Yerington district of Nevada. Drilling continues to return long intercepts (448 metres to 814 metres) averaging from 0.35% to 0.43% copper equivalent ("CuEq"). Higher grade mineralization, including intervals greater than 0.60% CuEq, is present in these holes, as shown in Table 1 below. Hole locations and cross sections can be viewed at www.entreegold.com.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 30, 2011) - Empire Mining Corporation (TSX VENTURE:EPC) ("Empire") is pleased to provide an update on the Demirtepe Project in western Turkey where drilling by Empire has consistently encountered significant grades and intervals of copper-gold-silver and molybdenum skarn mineralization in the Main Zone, including Discovery Hole DTH-001 which intersected2.02% copper, 0.96 g/t gold and 21.64 g/t silver over 47.35 m from 112.2 m to 159.55 m, including 8.0 m of 9.1% copper, 4.68 g/t gold and 95.3 g/t silver.
Radio Free Europe reports an increase in world prices for base metals has made a 60-year old German-owned mining company the largest corporate taxpayer in Armenia.
Data from the positively Soviet-sound State Revenue Committee released on Tuesday show the Zangezur Copper and Molybdenum Combine paying more than 15 billion drams ($41 million) in various taxes and duties in the first half of this year, compared to just 5.5 billion drams the same period last year.
Thompson Creek announced revenue for the second quarter of 2011 was $190.9 million, up 28.6% from $148.4 million in the second quarter of 2010.
Revenue for the first six months of 2011 was $397.6 million, up 44% from $276.2 million for the same period in 2010.
Sales volumes for the second quarter of 2011 were 10.8 million pounds, up 25% from 8.6 million pounds in the second quarter of 2010. Sales volumes for the first six months of 2011 were 22.4 million pounds, up 30.4% from 17.2 million pounds for the same period in 2010.
A copper mine proposed for southern Arizona is stuck in limbo while federal regulatory agencies decide whether to grant the mining company a permit.
Canadian Business said Monday that Rosemont Copper is waiting for the U.S. Army Corps of Engineers to grant or deny a permit for the mine, located on a mix of private and public land in the Santa Rita Mountains some 30 miles southeast of Tucson.
China has discovered its largest molybdenum deposit containing 2.2 million tons of the silvery metal, which ranks the second largest in the world, in east China's Anhui province.
Anhui Geology and Mineral Resources Bureau estimate the deposit in Jinzhai county has 1.275 billion tons of ore which contains 2.2 million tons of molybdenum, said Wu Yulong, head of the bureau.
Canada’s mining industry continues to rally from the recent global recession, with this year’s production currently exceeding that of 2010, reports government department Natural Resources Canada (NRCan).
Fluor Corp said on Wednesday it won a contract from Quadra FNX Mining Ltd for work on its new Sierra Gorda copper and molybdenum project in Chile.
Fluor said it booked $1 billion for the project in the Atacama Desert in the second quarter, and its work will include providing engineering, production and construction management services for the mine's processing plant.
Moly Mines Ltd (MOL.TO: Quote) (MOL.AX: Quote) said it got loans totalling $494 million from China Development Bank Corp(CDB) for the construction of its Spinifex Ridge molybdenum and copper project in Western Australia.
The miner said the loans will include a $454 million syndicated loan. CDB will also provide the company with a $40 million working capital loan.