Sunshine Oilsands, a Calgary-based oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering in Hong Kong which would have been the biggest in Asia this year.
IAMGOLD Corporation ("IAMGOLD" or the "Company") today announced that it has declared an inferred resource of 466.8 million tonnes at a grade of 1.65% Total Rare Earth Oxides ("TREO") as a result of its 2011 exploration drilling program conducted on the rare earth elements ("REE") zone adjacent to its Niobec niobium mine near Saguenay, Quebec, Canada.
The richest woman in the world, Gina Rinehart, on Wednesday dropped $200 million in "loose change" to more than double her stake in Australian newspaper group Fairfax to add to her shares in a television channel prompting questions about the mining magnate's motivations.
NovaGold Resources Inc. (NYSE Amex:NG)(TSX:NG) ("NovaGold" or the "Company") today announced that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets and J.P. Morgan Securities LLC under which they have agreed to purchase from NovaGold and sell to the public 26,400,000 Common Shares at a price of US$9.50 per Common Share.
Scotgold Resources announced Tuesday it expects to receive a mining lease from the Crown for the Cononish gold and silver project, the only one of its kind in the UK, in May this year. Production could start early in 2013.
While Alberta is showing progress in slowing sexually transmitted infections, oilsands workers and First Nation communities are considered high risk groups.
Osisko Mining on Monday said the company's Famatina project in La Rioja, Argentina, remains stalled almost a month after protesters began blockading the site and marched on the governor's office and in the capital Buenos Aires, sending its stock down 3%
The native group opposing the Prosperity Mine in northern British Columbia has little faith in the just-launched federal environmental review of the project, CTV News reports.
THE glow around South African coal is growing brighter for one Aussie miner. ASX-listed Universal Coal has begun talks with Chinese and Indian groups following approaches to invest in its Berenice-Cygnus coking coal project close to South Africas borde...
African based MCC Contracts has released details of its improved operator training programs which integrate advanced simulator training technology from global supplier Immersive Technologies as a key method of safely training, assessing and measuring performance. Operated from the MCC Learning Centre based in Johannesburg, the simulator based training programs aim to improve Return On Investment (ROI) of a growing equipment fleet by raising the bar on its asset utilisation ratios and operating expenses. Operator competency is declared only once a trainee has completed the full training program which includes the Mining Qualifications Authority (MQA) certification process; a certification the MCC Learning Centre recently achieved training accreditation for by South Africa's Mining Qualifications Authority.