An initiative has been set up with uranium industry representatives and some of Australia’s foremost indigenous leaders to establish a dialogue group to explore areas of common interest. The representatives have formed the group to inform and shape the industry’s contribution to indigenous economic development.

Sustained investor interest in gold over the course of 2008 helped push dollar demand for the asset to $102 billion, a 29% increase on 2007 levels, according to figures recently published by World Gold Council’s (WGC), Gold Demand Trends publication. Identifiable gold demand in tonnage terms rose 4% on previous year levels to 3,659 t. WGC: […]

New World Resource Corp, a Canadian based mining exploration company, has finalised the letter of intent with Gonzalo Miranda Salles for the joint venture (JV) agreement on the Pastos Grande lithium project. The JV has a term of 20 years and the initial participation interests are 99% for the company’s subsidiary, New World Bolivia and […]

The Northwest Mining Association (NWMA) has applauded the US congress’ decision to pass the H.R.1 American Recovery and Reinvestment Act of 2009. This new act will, according to NWMA, create thousands of good-paying jobs in the west with the help of funding for the remediation of abandoned mine lands. The bill provides $125 million to […]

Olympus Pacific Minerals, a gold producer operating two mines in central Vietnam, recorded its highest gold production month during December 2008. The initial three-month trucking and toll treatment trial of ore through the company’s Bong Mieu plant from its second mining operation at Phuoc Son has proved to be successful and recent plant modifications with […]

RBC Capital Markets, a global investment bank, recently attended the Indaba mining conference in South Africa, where the company noted some key comments from the conference on gold and diamond investment. RBC says, “like the Livingstone conference, gold dominated the scene. Mixed sentiment prevailed on just how bullish you could be on gold, although even the […]