Aurox Resources has entered into a heads of agreement with Chengde Iron & Steel Group and China Metallurgical Group Corp (MCC). The agreement outlines the principles for a joint venture in relation to the Balla Balla vanadium and iron ore projects, located in the Pilbara region, Western Australia, in addition to proposed share placement, convertible […]

In late August, Golden Star Resources launched its Community Development Endowment Fund to provide a transparent mechanism to fund its community development activities around its mining operations at Bogoso/Prestea and Wassa in Ghana. The fund was launched at a ceremony which hosted the Minister for Ghana’s Western Region, his advisors and the traditional rulers for […]

Kumba Resources and First Quantum Minerals have placed an advertisement in local and international business and trade media regarding the Kipushi mine in the Katanga province of the Democratic Republic of Congo (DRC). First Quantum and Kumba representatives have held constructive discussions with the DRC Minister of Mines on September 9, 2006 in Kinshasa to […]

Metals Economics Group’s (MEG) new in-depth study—Strategies for Gold Reserves Replacement: The Costs of Finding and Acquiring Gold—concludes that the world’s largest gold producers have on average replaced 200% of their total production over the past 11 years at an average cost of $38/oz through a combination of acquisition and exploration. From 1995 to 2004, […]

During the last week of July Dynacor successfully undertook the first tests on the equipments of its tungsten mill at the Pasto Bueno mine in northern Peru, 830 km from the City of Lima. Dynacor’s technical team verified the good working order of the mill’s first section where approximately 70% of the tungsten concentrate […]

The Mongolian Government has established a working group to work with Ivanhoe Mines on a formal Investment Agreement that will confirm a tax, fiscal and legal framework for the development of the Oyu Tolgoi copper-gold mine in Mongolia’s South Gobi region (IM, May 2006, pp30-31). Discussions between Ivanhoe and the working group are anticipated to […]