Brazilian mining company Vale has been granted a preliminary environmental license for its S11D mine, an extension of the company's giant Carajas complex, which is posed to be the world’s largest iron ore mine.
When completed, Vale's new project will put emissions well below government regulated limits, to 45 kilotonnes versus the regulatory limit of 66 kilotonnes per year. This reduction is in addition to the 90% reduction in sulphur dioxide emissions Vale has incorporated since 1970 and will serve to complement the ongoing success story that is the re-greening of the Sudbury region.
Vale is providing funding to Millrock for research and exploration along the Alaska Peninsula porphyry belts. Vale may earn 65% interest by expending US$3.5 million for exploration on the project over a three-year period.
After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.
The Mozambican government is urging the Brazilian mining giant Vale to sell on the local stock exchange (BMV) 10 percent of its venture in Moatize in the northwestern province of Tete.
Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of abnormal levels of carbon monoxide in the mine.
Brazil's federal public ministry in Para state has filed legal action demanding that operations be halted at Onça Puma, a nickel mine in the northern Brazilian state owned and operated by Vale SA (NYSE:VALE).
Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.
Highlights from the latest batch of results include: JMDH49 with 172 metres at 1.57% CuEq* (136 to 308m, 1.33% Cu and 0.36 g/t Au);JMDH25 with 552 metres at 0.75% CuEq* (48 to 600m, 0.45% Cu and 0.43 g/t Au) and JMDH39 with 412 metres at 0.65% CuEq* (38 to 450m, 0.47% Cu and 0.26 g/t Au).
Stricter environmental rules on new mining projects, combined with soaring labour costs, are making Vale SA, the world's leading iron ore exporter, less competitive against Australian rivals Rio Tinto and BHP Billiton.