Australian iron ore mining company Fortescue Metals Group announced on Friday it had signed a land access agreement with the Njamal People for the North Star project in the Pilbara in Western Australia.
MILWAUKEE--(BUSINESS WIRE)-- Joy Global Inc. (NYSE:JOY) ("Joy Global") a worldwide leader in high productivity mining solutions today announced that it has received approval from the Anti-monopoly Bureau of the Ministry of Commerce of the People's Republic of China for its planned purchase of International Mining Machinery Holdings Limited (HKSE:1683) ("IMM"), a leading designer and manufacturer of underground mining equipment in China. These shares represent approximately 41.1% of the outstanding common stock of IMM.
Kinross Gold Corporation (TSX:K)(NYSE:KGC) announced today that its previously disclosed US$200 million non-recourse loan from a group of international financial institutions to finance the increase in Kinross' ownership of the Kupol mine to 100% has been funded.
Mine Site Technologies says the NS50 wireless network switch is the next generation of premier wireless components it has created. It supersedes the WNS (Wireless Network Switch) for application in hard rock mines. The NS50 leverages the proven and widely deployed WNS platform, and expands upon its functionality.
Castle Resources Inc. CA:CRI -1.01% ("Castle" or the "Company") is pleased to announce the completion of the rehabilitation of the 17 km long haulage tunnel that connects the Granduc minesite to the haulage road leading directly to year round port facilities in Stewart, B.C.
Mine communications leaders Mine Site Technologies Pty Ltd, a subsidiary of MST Global Holdings Pty Ltd,(gMSTh), has acquired 100 per cent of the share capital of Nixon Communications (gNixonsh), a network and communications infrastructure provider to the mining, oil and gas, remote construction and Coal Seam Gas sectors.
Shrinking Chinese export quotas and market sentiment have made for unpredictable prices for rare earth elements, but the real opportunity lies with mining stocks.
On November 30, Eric Sprott, chairman of Sprott Inc. and one of the largest holders of physical silver and silver equities globally, issued a call to action to 17 of the world's largest silver producers to limit the sale of the metal until prices increase.
Despite calls for the death of the gold bull market, the precious metal managed to climb $21 higher on Tuesday to settle above the $1,600 psychological level.
This year has been difficult and confusing for many investors in the resource sector.