Thirty years after the consortium, Soc Miniere de Tenke Fungurume (SMTF), led by Charter Consolidated, walked away from Tenke Fungurume in the DRC, Phelps Dodge board of directors has given conditional approval to develop the initial mining project at the Tenke Fungurume copper/cobalt concession in Katanga Province. SMTF was awarded the concessions in 1970 and […]

Political risk appears to have reared its ugly head in an unfortunate manner in Iran at the Mehdiabad zinc project. Lundin Mining (International Mining, Januray 2007), which has a 7.5% indirect interest in the project though its holding of 19.9% in Union Resources, describes Mehdiabad as the world ranked No. 1 zinc project. Controversially, Union […]

Dragon Mining has made some interesting finds at its Orivesi mine in Finland. High-grade gold results were obtained from the first nine drill holes of an underground diamond core drilling programme designed to confirm existing resources of the Sarvisuo lode system. Best results received to date include 4.4 m grading 18.17g/t gold, 8.15 m grading […]

Canadian Royalties and Osisko Exploration have been recognized by the Quebec Mineral Exploration Association for achievements in advancing projects and new discoveries. Canadian Royalties has been named Quebec Entrepreneur of the Year 2006 at the Annual Conference of the Quebec Mineral Exploration Association. This award recognizes Canadian Royalties’ achievements in advancing its Raglan South nickel […]

GL&V (Dorr-Oliver Eimco) has purchased all the shares of the process equipment supplier Krebs International, thereby completing one of its largest acquisitions ever. GL&V says that having achieved an average annual revenue growth of 33% over the past three years, Krebs International will provide it with estimated additional revenues of $110 million during the first […]