A modelling scheme carried out by Concept Economics, an economic analysis group, shows that 23,510 direct jobs will be lost across Australia’s minerals industry by 2020 and 66,480 by 2030 as a result of the Federal Government’s Carbon Pollution Reduction Scheme (CPRS). The 2020 figure represents an 11% drop in overall employment in the minerals […]

Semafo is partnering with the government of Burkina Faso to undertake a prefeasibility study to construct a 20 MW solar power station to generate electricity. Semafo is a Canadian-based mining company with gold production and exploration activities in West Africa. It currently operates three gold mines in Burkina Faso, Niger and Guinea. The first phase of […]

QMASTOR has signed contracts with Jim Walter Resources (JWR) for the provision of its Pit to Port.net, Horizon APS and iFuse systems for installation at JWR’s coal mines in Alabama, USA. The contracts cover software licensing across JWR’s corporate group, project services and software maintenance and support for an initial five years.

Osisko Mining Corp has signed a letter of intent with Bowmore Exploration pursuant to which the mining companies are to become strategic partners. Under the terms of the letter of intent, Osisko is to acquire C$3.0 million of a proposed C$4.2 million non-brokered private placement and, upon completion of the private placement; Osisko will have the right […]

“Fears of future inflation and ongoing financial uncertainty saw investors continue to flock to gold in the first quarter of 2009, seeking out its proven wealth preservation qualities,” according to the World Gold Council (WGC). The WGC’s Q1′09 Gold Demand Trends report shows that total demand for gold in Q1′09 rose 38% year on year […]

The mining companies Energy Fuels and Magnum Uranium have entered into a definitive arrangement agreement to implement the acquisition of Magnum by Energy Fuels (originally announced on March 30, 2009). This will result in the combination of Energy Fuels’ 18,630 ha of highly prospective uranium and vanadium properties located in the US states of Colorado, […]