Buenaventura’s Uchucchacua Mine Labor Strike

Compania de Minas Buenaventura S.A.A., Peru’s largest publicly-traded precious metals mining company announced today that the National Federation of Mining Unions began a strike today at 00.00 hours. The duration of the strike is undefined and is related to the modification of the workers’... Read more..

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Aultra Gold Inc. Announces Corporate Actions to Secure First Round of Financing

Aultra Gold Inc. (OTC BB:AGDI.OB) is pleased to announce that the Company has initiated the process of securing funding to advance the Company’s gold projects. Negotiations have been initiated, and the Company expects to be able to disclose the completion of this funding within the next 45 days.... Read more..

Unico, Inc. Announces Reverse Stock Split and New Trading Symbol

Unico, Incorporated (OTC BB:UCOI.OB), a natural resource company in the precious metals mining sector, today announced a reverse split of its issued and outstanding common stock on the basis of one share of common stock to be issued for each 500 shares issued and outstanding. Unico has been assigned... Read more..

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Freeport-McMoRan Copper & Gold Inc. Declares Quarterly Cash Dividends on Common and Preferred Stocks

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX ) declares the following quarterly cash dividends payable on August 1, 2008 to holders of record as of July 15, 2008: * $0.4375 per share of FCX’s Common Stock (NYSE: FCX ). * $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred... Read more..

Taseko Purchases $100 Million in Mining and Milling Equipment

Taseko Mines Limited (”Taseko” or the “Company”) is pleased to announce that it has finalized negotiations for the purchase of the key mining and milling equipment required for the Phase III expansion at its 100% owned Gibraltar copper-molybdenum mine. The Company has entered... Read more..

Coeur Announces U.S. Supreme Court Agrees to Review Ninth Circuit Court Ruling on Kensington Tailings Permit

Coeur d’Alene Mines Corporation announced that the U.S. Supreme Court has granted the State of Alaska and Coeur Alaska’s Petitions for a writ of certiorari to review a Ninth Circuit Court of Appeals decision relating to the Kensington 404 tailings permit. The announcement came after the State of... Read more..

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Mining firm to ship 450,000 MT of nickel ore to Australia

The Platinum Group Metals Corp. (PGMC) mine sites in Surigao and Isabela will ship at least 450,000 metric tons of nickel ore to Australia before the end of the third quarter this year. The mining firm’s mine site in Cagdianao, Surigao del Norte, is scheduled to ship at least six boatloads of 50,000... Read more..

Tag: pgmc niclel mine at cadianao surigao del norte, pgmc iligan city, product sharing agreement in mining, news about nickel ore loading, pgmc surigao del norte

Company wants to resume gold mining near Garnet

The company that owns the Garnet mining district says rising gold prices have led it to consider reopening mining operations around the Garnet Ghost Town. Aaron Charlton runs the Grant Hartford Corporation. He says the company started exploratory surface testing and drilling for high-grade gold veins... Read more..

Cardero Intersects Significant Near-Surface Silver Mineralization at La Poma Project, NW Argentina

Golden Star Resources Ltd. announced that the cost of power from the national grid in Ghana will be increased as a result of higher world oil prices. A decision of the Public Utilities Regulatory Committee (PURC) has been made public announcing an increase of power rates to high voltage customers, particularly... Read more..

Minera Andes Exploration program increases the size of the Los Azules porphyry copper target

Minera Andes Inc. is pleased to report that the final results from core holes drilled during the 2007-2008 exploration field season at the Los Azules porphyry copper project confirm that the copper target is open to the north. Several positive indicators including hole AZ-08-37A drilled at the northern... Read more..