London-listed Coal of Africa and various environmental groups buried the hatchet on Thursday to work together to preserve Mapungubwe in northern South Africa near the company's controversial Vele opencast project. Construction of the coking coal mine was halted and the Australian company fined $1.3 million because it did not comply with aspects of environmental laws, but the green coalition has now agreed to drop all legal action. Coal of Africa Limited closed at 49.52 pence in London on Thursday up 8.2% on the previous day.
Gareth Hatch, co-founder of Technology Metals Research LLC, gives us the lay of the land in the rare earth sector. Many variables […]
Today I’m talking with Rock Lefrancois, P.Geo., President and Chief Operating Officer for NioGold Mining Corp TSX.V-NOX.
Premier Christy Clark is about to find out her plans to chip away at the mountain of bureaucracy facing mining developments in British Columbia won't be an easy climb if environmental groups have any say in the matter. Opening eight new mines is a ...
VICTORIA - Premier Christy Clark is about to find out her plans to chip away at the mountain of bureaucracy facing mining developments in British Columbia won't be an easy climb if environmental groups have any say in the matter. Opening eight new...
The Globe & Mail reports local authorities in the Pakistani province of Balochistan refused to meet Tethyan Copper, a joint venture between Chile’s Antofagasta and Barrick Gold, for talks before rejecting a bid for one of the world's richest deposits of gold and copper at a remote site in the dry hills near the Afghan-Pakistan border, known as Reko Diq. Tethyan Copper said a “summary decision” by the restive province to reject a mining lease application for its Reko Diq project breached local rules and Pakistani law and has now filed a "notice of dispute." The company submitted a feasibility study earlier this year that indicated 22 billion lb of copper and 13 million oz of gold at the site. The Balochistan decision now paves the way for a Chinese consortium to construct a mine and processing facility.
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."
TransCanada Corp. (TSE:TRP), the company behind the $7 billion Keystone XL pipeline project, has reached a deal with the state of Nebraska to reroute the proposed pipeline around an environmentally sensitive aquifer. The decision was announced late Monday at a news conference from the Nebraska state legislature. A bill was earlier introduced that would divert the pipeline away from the ecologically sensitive Sandhills area. Under the deal reached today, and to be voted on Tuesday, the state will pay for studies to find a new route to avoid the Ogallala aquifer which provides water for millions of people in the area.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2011) - Blind Creek Resources Ltd. (TSX VENTURE:BCK) ("the Company" or "Blind Creek") reports that reconnaissance drilling at the Wann River Project in the Atlin Mining Division of northern British Columbia intersected multiple gold and silver veins grading up to 11.3 g/t gold and 226 g/t silver over 1 meter intersections, 4 kilometres south of the past producing and historic Engineer gold-silver mine.