Mining, Drilling and Discovery
The action, process or good fortune of discovery or discovering oil, gas or mining deposits. Disclaimer : this page is not intended for any specific nationality or jurisdiction. It is also not intended to solicit clients from any specific jurisdiction including the Republic of Mauritius inter alia.
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Africa Gold Refinery Limited, a Ugandan mining company backed by Belgian investor Tony Goetz & Sons N.V., announced plans to set up a plant in Entebbe,
"According to Reuters, the refinery will cost $20 million to build, will have a production capacity of one tonne of pure gold per month, and will process raw gold produced in countries in the region such as Democratic Republic of Congo and Tanzania."
Farmers have complained that there was rampant sand mining beyond the permitted level at the government-run quarry on the Palar riverbed at Kandaneri and Kavanur villages.N.S. Duraiswamy, a farmer, sa
"Mining of 33,922 units of sand has been permitted in this quarry that is run by the Public Works Department. The quarry was permitted to operate from June 15, 2015 to June 14, 2016."
The world's largest mining firm as ranked by PwC intends to begin using the ethereum blockchain to improve its supply chain processes.
"The world's largest mining firm by market value intends to begin using the ethereum blockchain to improve its supply chain processes."
One year ago the most popular post at MINING.com examined how much longer the bear market in mining would last – compare and contrast.
"With a couple of exceptions – notably potash and uranium – the gains in metals and minerals prices have been broad-based and substantial. The rally in coal and iron ore surprised even the most ardent bulls, while crude oil's recovery has helped to underpin prices for most raw materials."
Aluminum Corp. of China Ltd. will pay shareholders a premium to buy their stock in its Hong Kong-listed unit Chinalco Mining Corp. International as it moves to take the division private.
"Aluminum Corp. of China Ltd. will pay shareholders a premium to buy their stock in its Hong Kong-listed unit Chinalco Mining Corp. International as it moves to take the division private."
The idea is to power the Casino copper-gold mine in the Yukon and Selwyn’s zinc-lead mine in the Yukon-Northwest Territories.
"Vancouver-based Casino Mining Corp., a subsidiary of Western Copper and Gold, and Selwyn Chihong Mining Ltd., have signed a memorandum of understanding with Calgary-based Ferus Natural Gas Fuels Inc. to build a $200 million LNG plant in Fort Nelson, British Columbia."
O grupo norte-americano Anadarko Petroleum estima que o projecto de extracção de gás natural em Moçambique possa iniciar-se em 2022 ou 2023, devendo uma dec
"O grupo norte-americano Anadarko Petroleum estima que o projecto de extracção de gás natural em Moçambique possa iniciar-se em 2022 ou 2023, devendo uma decisão final de investimento ser tomada em 2017, afirmou o presidente executivo da petrolífera."
Gold futures on Friday settle lower, but book the best weekly advance in about two months.
"Gold futures on Friday settled with a loss, but booked the strongest weekly advance in about two months as the precious metal scored a boost from central-bank moves, including the Federal Reserve’s decision to hold off on hiking interest rates in September."
Court hears that mint employee Leston Lawrence made numerous visits to local gold buyer before depositing checks for about C$6,800 ($5,100) each
"A former employee at the Royal Canadian Mint has been accused of smuggling C$180,000 ($137,000) worth of gold out of the high-security facility by allegedly stashing it up his rectum."
The opening of Gahcho Kue in the Northwest Territories will boost Canada’s position as a big player in the industry.
"Canada’s position as a big player in the global diamond industry will be further crystallized Tuesday when it formally opens Gahcho Kue, estimated to be one of the 10 biggest diamond mines in the world."
A Perth-based company uncovers a 104-carat diamond in Angola and believes it is closing in on the original source of the gem.
"Chief executive officer Stephen Wetherall believed the company was on the cusp of discovering the original source of the stones, which could make it a takeover target for some of the largest diamond miners in the world."
Gahcho Kué, a joint venture between De Beers Canada (51%) and Mountain Province Diamonds (49%), is expected to inject $5.2bn into Canada’s economy.
"The mine, estimated to be one of the world’s 10 biggest diamond mines, is the sixth precious rocks operation opened in Canada in the 18 years that the country has mined diamonds."
Located in the Northwest Territories, Gahcho Kué is the biggest diamond mine to come online, anywhere, in more than a decade at a time when global consumer demand for the gem is in flux
" Seen from inside an approaching aircraft, the Gahcho Kué diamond mine seems to materialize out of nowhere, a speck of industrial development amid an endless stretch of low vegetation and tiny lakes imprinted on the northern Canadian rock face. Here, there are no natural points of reference. The view looking out from one side of the mine is nearly indistinguishable from any other."
A Sociedade Mineira de Catoca registou resultados líquidos de 116,3 milhões de dólaresno ano passado, com a aplicação de novas medidas operacionais perante a queda do preço da matéria-prima no mercado internacional.
"A Sociedade Mineira de Catoca registou resultados líquidos de 116,3 milhões de dólaresno ano passado, com a aplicação de novas medidas operacionais perante a queda do preço da matéria-prima no mercado internacional."
A “De Grisogono” até há bem pouco tempo, nem meia dúzia de meses, era uma pequena empresa onde trabalhavam 150 pessoas, em Plan-les-Ouates, perto de Genebra, na Suíça.
"A razão é uma pedra, grande, um diamante que aterrou na sua mesa como que caída do céu ou por encanto, dando origem a uma mega festança que reuniu 700 VIP’s, modelos de “passerelle” e actrizes, organizada em Maio por ocasião do Festival de Cinema de Cannes no Eden Roc e com ampla mediatização na imprensa internacional."
A agЖncia Fitch desceu o `rating` da dьvida soberana de Angola para `B`, mantendo-se abaixo da escala de investimento, ou `lixo`, com perspetiva de ...
"Na última ação de `rating` sobre Angola, em março, a Fitch tinha já descido a Perspetiva de Evolução da avaliação da dívida soberana do país para "Negativa", antevendo-se esta reavaliação, face ao anterior `B+`, divulgada sexta-feira ao final do dia, conforme avaliação programada."
* Mining NPL at 6.77 pct in July vs 3.82 pct a year ago* C.bank gov says concerned about rising overall NPLs* Banks raise provisions, cut loa
'Gross non-performing loans (NPL) in Indonesia's mining and quarrying industry rose for the fourth month in a row to 6.77 percent of total loans in the sector in July, according to Indonesia's Financial Services Authority. That compares with 3.82 percent a year earlier.'
Peters council is considering allowing unconventional gas drilling, or fracking, only in areas that are zoned industrial. Property in the township that is zoned industrial includes about 140 acres around Valley Brook Road toward the Lawrence section, in the western part of Peters. Council is expected to vote Monday on revising its ordinance to allow unconventional drilling as a conditional use in industrial areas. Previously, Peters had in place a zoning overlay district that would have permitted drilling to take place on large portions of land that were zoned R-1, agricultural. However, the state constitution does not permit drilling — an industrial operation — in residential zoning districts, officials said. “Zoning districts are intended to contain only compatible uses,” township
'Council is expected to vote Monday on revising its ordinance to allow unconventional drilling as a conditional use in industrial areas. Previously, Peters had in place a zoning overlay district that would have permitted drilling to take place on large portions of land that were zoned R-1, agricultural.'
Chronic underinvestment in platinum mines has exacerbated supply crunch.
'Now a major auditing firm is warning that subdued supply due to chronic under-investment in the platinum industry could result in shortages of the metal used mainly in jewellery and autocatalysts.'
'Hurricane chief executive Robert Trice said: “Our efforts during the first half to bring on board sufficient funding to deliver a two-well drilling programme this year came to fruition in May, with the investment of £52.1million by Kerogen (Capital) and other institutional investors.'
Apart from conducting door-to-door surveys, the study teams are also digging up existing and past policies on the issues for a better understanding of the failures of previous governments.
'The AAP has drawn up small teams of local leaders and domain experts to conduct detailed studies on the three issues and a consolidated report is likely to be drafted by next month. “Our teams are talking to all the stakeholders who are affected by these issues. Mining, for example, is a complex issue in Goa and there cannot be an arbitrary stand on it. '
By Seth Borenstein Associated Press Scientists used radar from satellites to show that five Texas earthquakes, one reaching magnitude 4.8, were caused by injections of wastewater in drilling for oi…
'In 2012 and 2013, earthquakes — five of them considered significant — shook East Texas near Timpson. A team of scientists for the first time were able to track the uplifting ground movements in the earthquake using radar from satellites. A study in the journal Science on Thursday says it confirms that these were not natural, something scientists had previously said was likely using a more traditional analysis.'
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'What is perhaps more interesting and revealing is to compare the price of GLD itself against this XAU index. This chart shown next is GLD (blue line, left scale) and XAU (red line, left scale) and the ratio between them (green line, right scale). GLD and XAU are set to 100 at Nov. 8, 2014.'
MĂĄxima AcuĂąa was awarded the 2016 Goldman Environmental Prize, for her fight against the expansion of a mine in Peru by U.S. mining giant Newmont.
'Máxima was awarded the 2016 Goldman Prize for her fight against the expansion of the Yanacocha Mine, a subsidiary of Colorado-based mining giant Newmont and Peruvian-based mining company Buenaventura. The hitmen that attacked Máxima and her partner, Jaime Chaupe, were reportedly hired by the mining companies.'