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Orica aquire Axis

Axis Mining Technology is a leader in the design, development and manufacture of specialised geospatial tools and instruments for the mining industry. The transaction included the acquisition of 100% of the share capital in the entities that own Axis Mining Technology...

Dark mood as miners baulk at energy costs

The prospect of a global recession and doubts over economic stimulus in China, the world’s biggest user of raw materials, add to the challenges of mining companies as they grapple with energy costs, raising the risk of downsizing and layoffs, however,.none of...

Ledden Copper-Gold project

Mistango River has reached an option agreement to acquire a 100% interest in the Ledden Copper-Gold Project in the Chibougamau District of Quebec. The Ledden property is comprised of 26 contiguous cell claims and is located 15 km from the town of Chibougamau “Our...

Aussies government cashing in

The Queensland government is cashing in $1.2 billion three years early, cementing its decision to hike up mining royalties. According to Queensland Resources Council (QRC), the industry has made $800 million in six weeks and is anticipated to generate the four-year...

Fortescue to spend big in Gabon

 A joint venture (JV) led by iron-ore major Fortescue Metals will invest $90-million on exploring the Belinga iron-ore project, in Gabon, over the next three years. Fortescue announced that the JV, Ivindo Iron SA, in which the company holds an 80% interest, had...