Mining and Exploration

Even though the need to have properly inflated tires is widely understood, it is an area that is often ignored—but there is help at hand.

A tire blowout on a freight truck is disruptive enough, what with time lost for both the driver and vehicle, not to mention irate customers with unfulfilled delivery schedules. But just imagine how much devastation an unexpected tire problem would be on some of the mining industry’s earth moving vehicles.

Larry W. Reaugh, president and chief executive officer of American Manganese Inc., provides corporate guidance for advancing its 100 percent owned Artillery Peak Manganese Project (Mohave County, Arizona) in light of the pending filing of the amended technical report.

A relative newcomer to the tire business, Eurotire is making room for itself in a crowded marketplace.

Imagine the situation: a new name in off-road tires for the mining industry is trying to break into a market dominated by three of the biggest brands in the world. At the other end of the spectrum, customers are losing faith in unknown brands thanks to masses of inferior Chinese tires flooding the market and failing to live up to expectation.

In a land where mining is centuries old, one of the country’s most productive 21st century practitioners is focusing on operating sustainably, responsibly—and profitably.

Inevitably, there are many superlatives to be heard in any discussion about the Goldcorp operations in Mexico. In a country with such a long tradition in mining as Mexico, Goldcorp is the most important producer of gold, zinc and lead there has ever been. Even with silver, Goldcorp is a close second to the country’s largest producer.

Australia’s Sundance Resources has accepted a takeover offer from China’s Hanlong (Africa) Mining Investment.

Hanlong will acquire 100 per cent of the company for A$0.45 per share, a lower price than previously offered last October.

India’s GVK has been granted environmental approval for its Alpha Mine and Rail Project in Queensland, Australia.

Following a four-year long assessment process, Australia’s federal environment minister Tony Burke has given an approval decision to construct and operate the Alpha Coal Mine and a railway line between the mine and the port at Abbot Point, near Bowen.

The role of junior exploration companies is to find something to mine; but there is one such company planning to use the finds it has made to transform into a major mining operation.

Canada’s Barrick Gold Corporation has confirmed that it is in discussions with China National Gold Group Corporation regarding the sale of its holding in African Barrick Gold (ABG).

The talks are at a preliminary stage, the company said.

Australia’s Origin Energy has announced the commencement of drilling at the Mbawa prospect offshore Kenya.

Drilling at the prospect is expected to take about 60 days, which will reach a total depth of 3,250 metres subsea in water depths of 864 metres.

The Mbawa joint venture consists of operator Apache Kenya, which holds a 50 per cent interest; Origin Energy, with 20 per cent; Pancontinental Oil and Gas, with 15 per cent; and Tullow Kenya, which holds 15 per cent.

The drilling is being carried out by Apache on behalf of the joint venture.

A group of mining companies has agreed to work with Canadian National Railways (CN) on a feasibility study into the construction of a proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range.

CN customers Cliffs Natural Resources Inc, Labrador Iron Mines Holdings Ltd, New Millennium Iron Corp, Cap-Ex Ventures Ltd, and Alderon Iron Ore Corp have committed to help CN and its partner in the venture La Caisse de dépôt et placement du Québec.