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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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"The Northern China import price of 62% Fe content ore enjoyed another day of solid gains on Friday to trade up 2.1% at $68.00 per dry metric tonne according to data supplied by The Steel Index."
The hottest province for mining exploration is not Ontario, Quebec, or even the Yukon. It is actually Newfoundland, where a staking rush has quietly taken over the province.
'Newfoundland’s champion moves towards gold production'
A data de entrega do relatório de auditoria a três empresas públicas que contraíram empréstimos com aval do Estado foi adiada para 12 de Maio, depois de ter estado inicialmente prevista para 31 de Março e mais tarde para 28 de Abril.
"A data de entrega do relatório de auditoria a três empresas públicas que contraíram empréstimos com aval do Estado foi adiada para 12 de Maio, depois de ter estado inicialmente prevista para 31 de Março e mais tarde para 28 de Abril, informou a Procuradoria-Geral da República (PGR) de Moçambique."
Chevron earned an adjusted $1.23 per share in the first quarter versus expectations for EPS of 86 cents.
"Chevron posted a strong earnings beat as the oil major continued to cut costs and benefited from higher oil prices."
President Donald Trump has a few paths to open more U.S. waters to offshore drilling, but little opportunity to take shortcuts.
"President Donald Trump is expected to take action on Friday to open more offshore areas to oil and gas drilling, in part by reversing his predecessor's attempt to permanently protect large swaths of U.S. waters."
$2 billion La Colosa project boasts reserves of over 25m ounces of gold.
"World number three gold mining company AngloGold Ashanti (NYSE:AU) is halting plans to develop its $2 billion La Colosa project in Colombia after voters in a referendum held in the central Tolima region overwhelmingly opted for a ban."
Deal creates one of the largest diamond mines in West Africa.
"The deal, which will allow for mining the combined and contiguous Tongo and Tonguma concessions, creates one of the largest diamond mines in West Africa."
An area east of Bayfield could be a testing ground for an innovative technology developed by BP American Production Company that hold
"An area east of Bayfield could be a testing ground for an innovative technology developed by BP American Production Company that holds the possibility of opening previously inaccessible areas to oil and gas development."
Low-cost platinum group metals (PGMs) producer Sylvania Platinum’s Sylvania Dump Operations (SDO) is on track to meet, and possibly exceed, full-year guidance of 63 000 oz to 65 000 oz of PGMs. The SDO delivered 17 096 oz of PGMs in the third quarter, ended March 31.
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
"Silver output rose thanks mainly to the contribution of the first phase of its San Julián mine in Mexico."
Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a State controlled mine holding company, for more than $100-million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in industries from nanotechnology to oil and gas, is waiting for final government approval for the acquisition of the 17.25% stake directly held by the government, said two of the people who asked not to be identified as the information has not been made public. A minority shareholder group welcomed Sapir’s investment, without giving further detail.
London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana. Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province and extend to the end of March 2020. Those in the CKGR cover 3 135 km 2 and those in the Orapa area cover 482 km 2, localities selected after a review of historical data.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.
"BMI Research expects the commodity to drop to $70 a tonne this year, $55 in 2018, and decline to $46 by 2021."
A sede do Natrabank, definido como o primeiro banco de recursos naturais de África, foi sexta-feira inaugurada em Luanda.
"A instituição, o mais recente banco autorizado a operar em Angola, tem como presidente do Conselho de Administração Celeste de Brito e irá actuar nas áreas da infra-estruturas, energia e águas, bem como da agricultura, de acordo com a agência noticiosa Angop."
Diamond giant De Beers’ rough diamond production increased by 8% to 7.4-million carats in the first quarter of the year, reflecting the contribution of the Gahcho Kué mine, in Canada. The joint venture mine reached commercial production on March 2 and contributed 600 000 ct to De Beers’ production for the quarter.
"The joint venture mine reached commercial production on March 2 and contributed 600 000 ct to De Beers’ production for the quarter."
Diversified major Anglo American, led by CEO Mark Cutifani, posted a strong operational performance in the quarter ended March 31, with higher output achieved for most of its products, except copper and nickel. South African coal production increased 9% to five-million tonnes in the first quarter of this year, boosted by productivity improvements at most mines. the miner noted that its outlook remained unchanged at 29-million tonnes to 31-million tonnes for the full year.
There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%, the UK’s 1.3%, Germany’s 1.2%, France’s 1.0% and Japan’s 0.8%. During the period 1992 to 2002, China’s average annual real GDP growth rate had been 9.8% (India’s had been 5.8%). (These figures are fro
"The price of coking coal plunged again on Friday with the industry benchmark price tracked by the Steel Index dropping 9% or $26.10 to $263.40 a tonne as supply disruption following tropical storms in Australia begin to ease."
Production for the first three months of the year slumped 37% compared with the same period of 2016.
"Iron ore exports from Rio’s operations in Australia were also dented by cyclones and bad weather conditions in Q1."
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
"Vale's iron ore output hit a fresh record high in Q1 as its massive S11D mine in the Amazon continued to ramp up."
" The Northern China import price of 62% Fe content ore slumped again on Monday to trade down 3.7% at $64.60 per dry metric tonne according to data supplied by The Steel Index."
Dozens of people flock to the Bong Mieu mine every day to extract gold
" News reports from Vietnam suggest that the country’s Deputy Prime Minister Truong Hoa Binh has taken to heart complaints about environmental destruction caused by illegal gold mining in the Bong Mieu area."
GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia
" La Mina is located approximately 6 km southeast of GoldMining’s Titiribi site in the central
When it comes to growth, some of Australia's biggest mining companies are thinking small and teaming up with juniors to explore prospective ground.
"When it comes to growth, some of Australia's biggest mining companies are thinking small."
From April 18 to 20 in Sudbury, Workplace Safety North (WSN) hosts about 300 attendees at the annual provincial Mining Health and Safety Conference
"The annual Mining Health and Safety Conference, which begins Apr. 18 in Sudbury, will bring together Ontario’s mining industry to share knowledge and innovations regarding safety programs and hazards specific to mining. "