Mano River aims to boost New Liberty gold tally
Vancouver– Mano River Resources (MNO-V, MANA-L) has begun a new round of drilling on its New Liberty gold project, in northwestern Liberia, aimed at increasing the resource.
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South African power crisis shuts down mines (February 04, 2008)
Vancouver — A nationwide energy crunch in South Africa has hit the country’s powerful mining sector hard, with major gold, platinum and diamond producers suspending operations as a precautionary meas…
Coro forges ahead in Argentina, Chile
SITE VISIT Uspallata, Argentina — Coro Mining (COP-T) is a company on a mission. The junior explorer debuted on the market in mid-2007 and plans to be a mid-tier base…
Chile courts juniors to boost exploration
Santiago, Chile — Already home to most of the world’s largest mining houses, Chile is now seeking to raise its profile among the minnows of the industry to turn around a relative decline in explorati…
Ecuador revokes hundreds of mining licences (February 04, 2008)
Hundreds of mining concessions have been annulled in Ecuador by the country’s leftist government, which is preparing to pass a new mining law later this year.
Ecuador’s windfall profits tax deepens uncertainty (February 04, 2008)
News in December that Ecuador was following in the footsteps of Mongolia and Thailand with a windfall profits tax on miners has left the industry reeling with uncertainty.
Xstrata gives $150,000 to Northern College
Xstrata Nickel has announced plans to donate $150,000 over three years to trade-focused Northern College, in Ontario.
EDITOR’S PICKS: TOP STORIES OF WEEK 4
The spectacular failure of South Africa’s state-owned electricity supplier, Eskom, to provide power to the nation’s industrial sector was easily the most significant event in the global mining industr…
INTERNATIONAL QUOTES (February 04, 2008)
Australia ( A$) Jan 29 Jan 15 Change Bendigo Mining 0.35 0.38 – 0.03 Centamin Egypt 1.43 1.51 – 0.08 Emperor Mines 0.07 0.07 0.00 Kingsgate Cons. 4.60 4.90 – 0.30 Lio…
First Quantum raises copper production 24%
Vancouver — First Quantum Minerals (FM-T, FQM-L) produced roughly 500 million lbs. (226,693 tonnes) of copper in 2007 — 24% more than the previous year — buoyed by record fourth-quarter output of a…
Investors say Tanzania a safe bet on gold
After South Africa and Ghana, Tanzania is Africa’s third-largest gold producer. That’s not a bad ranking for a country about the size of Texas.
Pan African aims to prove up Madagascar gold
Pan African Mining (PAF-V, PAFRF-O) is doing its part to build on the mining momentum taking hold of Madagascar.