Mining Exploration Company News

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Copper thefts become multi-million dollar crime

Gumbreg.org – Investigators are dealing with a multi-million-dollar crime in the Bay Area called “urban mining.” ABC7 took a look at some surveillance video and the weapons being used to catch the bad guys. The favorite target of these thieves is PG&E. You can see just how brazen copper thieves can be. ABC7 exclusively viewed [...]

Tags: copper, copper mining news Filed Under News February 27 2012

Mining on the moon: gold, fuel, and Canada’s possible role in a new space race

Gumbreg.org – Canada could play a key role in a new international space race, with the next sprint to the moon gearing up as an extra-terrestrial gold rush. Industry insiders will be watching closely this week as the heads of the world’s five biggest space agencies get together in Quebec City, where the partners on [...]

Tags: canadian business, gold mining news, Mining business, mining industry, mining news Filed Under News February 27 2012

Blackwater Gold Project, British Columbia, Canada

Owner: New Gold Location: British Columbia, Canada Geology Type: Low sulphide epithermal Mineral: Gold (Au) Resource Base: Indicated: 165 million tons graded at 1.01g/t, inferred: 39 million tons graded at 0.94g/t Start of Production: 2017 Contractors: Inspectorate Exploration and Mining Services, BC Hydro, Falcon Drilling The Blackwater Gold Project is located 160km southwest of Prince [...]

Tags: Blackwater Gold Project, canada gold project, Gold Mining Exploration Filed Under Mining February 25 2012

Indoneseia Mining: Batu Hijau Copper-Gold Mine

Gumbreg.org – Batu Hijau copper-gold mine is located on the Indonesian island of Sumbawa in the province of West Nusa Tenggara, 1,530km east of Jakarta. The Contract of Work for the project is held by PT Newmont Nusa Tenggara (PTNNT), a company owned by Newmont Indonesia (US, 35.44%); Nusa Tenggara Mining Corporation (Japan, 27.56%), PT [...]

Tags: Batu Hijau Copper-Gold Mine, indonesia copper mining, Indonesia gold mining, indonesia mining Filed Under Mining February 25 2012

Gold Price Steady, U.S. Jobless Claims Hit 4-Year Low

Gumbreg.org – The gold price held steady near $1,780 per ounce Thursday morning despite better than expected data on the state of the U.S. labor market. The price of goldclimbed to $1,787 prior to the release of weekly jobless claims, but relinquished its gains after they came in at a four-year low of 351,000. In [...]

Tags: 2012 gold market news, gold market news, gold market price news, gold price today, us gold market news Filed Under Market February 24 2012

Freeport Indonesia workers halt mining

Gumbreg.org – Union official Virgo Solossa said, Thousands of workers at Freeport-McMoRan Copper & Gold Inc’s Indonesia unit stopped working on Thursday following an unresolved dispute with management. The move comes after miners at Freeport Indonesia’s Grasberg, the world’s largest gold mine and second biggest copper mine, returned to work last month after ending a [...]

Tags: freeport gold mining, freeport Indonesia, freeport miner, indonesia copper mining Filed Under News February 24 2012

Canadian Stocks Gain as Oil, Gold Shares Advance; Manulife Falls

Gumbreg.org – Canadian Stocks Gain as Oil, Gold Shares Advance; Manulife Falls, Canadian stocks rose, extending a five-month high, as energy shares gained with oil prices on concern Iran will curb supply and gold producers rallied with the metal. Manulife fell 1.7 percent to C$12.50. Brookfield Asset Management Inc., the country’s largest real-estate company, fell [...]