ArcelorMittal today announces that a scoping study has identified the potential to utilize ArcelorMittal Mines Canada’s existing infrastructure system and to increase annual production of iron-ore concentrate to 30 million tonnes per annum.
The Australian reports on a potential clash of visions in the Tasmanian rainforest, where 10 new mines are proposed and 58 exploration licences active.
Potash Corporation of Saskatchewan dropped 3.4% when markets opened on Thursday, after revising its earnings guidance for the year and announcing a 26% drop in earnings.
Mr. Renaud Hinse, President and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:AML)(FRANKFURT:AML) (the "Company"), is pleased to announce that a 43-101 update report on the Elder mine and Tagami property, gold resources, prepared by Mr. Jean-Pierre Bérubé, P. Eng., geological consultant, shows a substantial increase.
Steele Resources Corporation (the "Company", "SRC") (OTCBB: SELR) reported today that it has executed formal documents for the acquisition of the Billali Gold and Silver Mine located in the Steeple Rock mining district in western New Mexico.
Patagonia Gold (LON:PGD) (TSX:PAT), an Argentina-focused gold and silver producer, said today it achieved rapid progress in 2011 and is on track towards its goal of producing 200,000 ounces of gold per year by 2015.
Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of the sky.
Gemcom Software International Inc., the largest global supplier of mining software solutions, today announced that it has released the latest version of Gemcom Surpac™, the world’s most popular geology and mine planning software.
SilverCrest Mines jumped as much as 9% on Thursday on higher than usual trading volumes, after announcing silver production doubled and gold output tripled at its Santa Elena mine in Mexico.
The metal's characteristic price volatility – why traders often refer to it as the 'devil's metal' – is a deterrence for investors and silver had an especially torrid 2011.