Mining industry
Avrupa Minerals Ltd., a junior exploration and development company, has made significant progress in its exploration projects in Portugal and Kosovo. The company, which has a proven track record of discovering valuable mineral deposits, is actively engaged in aggressive exploration using a prospect generator model. Through its subsidiary, MAEPA, Avrupa
Mining industry
Newmont Mining Corp reported a 76% increase in net income to $2.3 billion or $4.63 per share in 2010, compared to $1.3 billion or $2.66 per share in 2009. The company's attributable gold production reached 5.4 million ounces, with copper production increasing by
Mining industry
Batero Gold Corp., a Vancouver-based precious and base metals exploration and development company, has announced its most significant drill results to date at the Batero-Quinchia Project in Risaralda Department, Colombia. The company's 100%-owned project has yielded impressive results, confirming the presence of porphyry mineralization and extending the
Mining industry
Northgate Minerals Corporation has released an updated NI 43-101 compliant resource estimate for the Kemess Underground Project, located in north-central British Columbia. The new resource estimate captures all drilling completed to November 2010 and has exceeded initial expectations, with a significant increase in gold and copper content. The project'
Mining industry
Canadian stocks closed the week with mixed results, with the S&P/TSX Composite Index losing 0.18 percent for the week, despite a decline in the energy sector on Friday. The index measuring the energy sector on the Toronto Stock Exchange lost 1.06 percent, with major players
Mining industry
Sunridge Gold Corp. has announced the engagement of Snowden Mining Industry Consultants Inc. and GBM Minerals Engineering Consultants Ltd. to conduct a prefeasibility study on its combined Emba Derho, Adi Nefas, and Gupo copper-zinc-gold deposits in Eritrea. The study will consider a centralized process plant using flotation for base metal
Mining industry
Estrella Gold Corporation, a "Prospect Generator" focused on gold in Latin America, has announced the granting of 665,000 incentive stock options to its directors, officers, and staff as part of its dual strategy to generate new prospects and increase its inventory of gold resource ounces. The stock
Mining industry
As the extractive sector grapples with the complexities of social and environmental risk management, a significant knowledge gap has emerged between CSR professionals and effective risk management frameworks. To address this challenge, Ethical Corporation is set to launch its second Social & Environmental Risk Management and Implementation conference, gathering industry
Mining industry
Vedanta Resources PLC has reported a significant increase in copper production in Zambia, with a 21% jump in the company's third-quarter output in the country. The improvement was primarily due to enhanced operations at Nchanga, where production at open pits and tailings leach operations rose. This achievement is
Mining industry
Quadra FNX Mining, a copper producer with operations in Canada, the U.S., and Chile, faced a significant decline in stock value after disappointing its investors with a less-than-expected production outlook. The company cited challenges with an acid-leaching process used to separate copper from ore as the primary reason for
Mining industry
The Vietnam Gold Traders Association has requested the Ministry of Finance to lower the export tax on gold and gold jewelry from 10% to zero, citing concerns over the nation's growing trade deficit and potential smuggling. The association argues that the high tax rate is discouraging exports and
Mining industry
NovaGold Resources Inc., a leading precious metals company, has filed a formal offer to acquire all of the outstanding shares of Copper Canyon Resources Ltd. as of January 18, 2011. Under the terms of the offer, Copper Canyon shareholders will receive 0.0425 of a NovaGold common share for every
