High tech gadgets like the iPad and flat screen TVs are manufactured using rare-earth elements, which until recently, were put in a strangle hold by China’s near monopolist supply. However, last weekend scientists found large deposits of rare-earth minerals on the ocean floor near Hawaii and Tahiti. Could this be the treasure trove of key [...]
The Peruvian government has revoked the silver mining permit issued to Bear Creek Mining Corp., a Vancouver based company, after weeks of violent protests. As a result of the pulled project license, Bear Creek Mining Corp. has threatened to sue, yet insists a “political solution” is achievable. Investors do not seem to think so as [...]
Last Monday, June 20, the U.S. federal government extended a moratorium on new uranium mining claims in a million-acre buffer zone around the Grand Canyon. The Interior Secretary Ken Salazar enacted a six month moratorium as it awaits the conclusions of an environmental impact statement expected to be completed by the government by the end [...]
China tightened control on rare earth resources, including mining, production and exports, causing prices to more than double in the past two weeks, according to market researcher Industrial Minerals. The cost of dysprosium oxide, used in magnets, lasers and nuclear reactors, has doubled in less than a month, rising from $700 a kg to approximately [...]
The annual Saskatchewan Mining Week kicks off this week with the theme “Mining: Investing in Saskatchewan’s Growth”. The week of events is sponsored by the Saskatchewan Mining Association. The theme is fitting for the state of the Saskatchewan mining industry as it is undergoing a massive boom, which could see $43 billion invested in the [...]
As the world’s population sores and land-based ore bodies and ore grades are slowly depleted, the mining industry is searching for new sources and methods for cost effectively extracting minerals. And as the earth’s final frontier, the ocean floor has yet to be fully explored for mineral deposits. Deep sea mining is garnering interest from [...]
SX-and JSE-listed diamond-mining company Rockwell on Monday reported a diamond windfall, coupled to the news that its ownership of the Tirisano project is now official. The company reported that it had hit a diamond-production jackpot on August 2 when …
THUNDER BAY, ONTARIO and TORONTO, ONTARIO–(Marketwire – Aug. 8, 2011) – PREMIER GOLD MINES LIMITED (TSX:PG) and GOLDSTONE RESOURCES INC. (TSX:GRC)(PINK SHEETS:GRSZF) are pleased to announce that the previously announced acquisition of Goldstone by Pre…
Bullion roared to record highs above $1 700/oz on Monday as an unprecedented downgrade to the US credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar. Both US gold futures and cash gold could rise furth…
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 8, 2011) – International PBX Ventures Ltd. (“PBX” or the “Company”) (TSX VENTURE:PBX) is pleased to report further positive drilling results from ongoing in-fill and resource extension drilling at its 100…
TSX-V Symbol: MXR
OTC BB Symbol: MXROF
Frankfurt: M1D VANCOUVER, Aug. 8, 2011 /PRNewswire/ – MAX Resource Corp. (TSX.V: MXR) (OTCBB: MXROF) ( Frankfurt: M1D) has completed an extensive soil sampling program across a surface area in excess of 5,000 x 2,…
Silver Wheaton, which buys streams of the precious metal from miners, on Monday reported a near ten-times jump in second-quarter net earnings to record US$148.1-million, as a result of higher prices. Attributable production rose 5% to 6.2-million silve…
CALGARY, ALBERTA–(Marketwire – Aug. 8, 2011) – Manson Creek Resources Ltd. (TSX VENTURE:MCK) (‘Manson Creek’) is pleased to announce the successful completion of the first ever diamond drill program on its Virgin Arm gold project located in Newfoundland.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 8, 2011) – Williams Creek Gold Limited (TSX VENTURE:WCX) (“Williams Creek,” or “the Company”) is pleased to announce the results for Drill Hole 11-20, drilled as part of its 2011 exploration program on th…
TORONTO, ONTARIO–(Marketwire – Aug. 8, 2011) – St. Eugene Mining Corporation Limited (TSX VENTURE:SEM) (“St. Eugene” or the “Company”) is pleased to announce positive results from metallurgical test work from the Amisk Gold Project in northeastern Sas…
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 8, 2011) – Invenio Resources Corp. (TSX VENTURE:IVO) (“Invenio” or the “Company”) is pleased to announce commencement of a detailed surface exploration program on the Candle Hills Property, Alaska. Candle…
Trading Symbols TSX – CRJ
NYSE Amex – CGR SASKATOON, Aug. 8, 2011 /PRNewswire/ – Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) (“Claude”) is pleased to announce positive metallurgical and engineering results from testwork at the 15,400 hec…
Gold moved up another $50 or so in Asian markets overnight as realization of the severity of U.S. and Eurozone debt began to sink home. It eased in Europe but so far has stayed above $1700.
ALBUQUERQUE, N.M.–(BUSINESS WIRE)–Santa Fe Gold plans ramp up in Q4 2011 of its Summit silver-gold mine, New Mexico