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06 Feb 12 - Business Mining And Drilling News

Police remove coal protesters from drill site
The anti-coal protesters chained themselves to a coal drilling rig at a site near Bacchus Marsh, this morning. The move forced Mantle Mining to shut the drill down. The company has been conducting test drilling at the site since last year and plans to ...

Are robots the future of the WA mining industry?
But innovation would likely only come after long runs of trial and error and at considerable cost to miners, according to a privately commissioned report.

Wildcat announces substantial resource increase at Hermosa - Includes new ...
To-date the Company has completed approximately 49045 metres of a planned 51850 metre drill program. This 2012 mineral resource estimate includes drill and assay data up to mid-September 2011, which accounts for only 54% of the planned drill program.

Premier Gold Mines Acquiring Stakes in Red Lake
THUNDER BAY - Business Now - Premier Gold Mines (TSX:PG) have announced the company has entered into agreements to acquire 100% interest in two key patented claim groups located on the East Bay Ultramafic Trend in Red Lake.

Copper One Intersects 135 Meters of 0.36% Copper and Triples the Size of the ...
TORONTO, ONTARIO, Feb 06, 2012 (MARKETWIRE via COMTEX) -- Copper One Inc. /quotes/zigman/572737 CA:CUO -3.33% (the "Company" or "Copper One") is pleased to announce the results for the fall 2011 core drilling program for its 100% owned Lone Mountain ...

Mining chiefs get it together at Cape Town's Indaba
AFTER a happy summer hibernation, Garimpeiro's attention has turned to South Africa where the annual Mining Indaba conference is in full swing in Cape Town.

eResearch starts Century Iron Mines at "Speculative Buy", with $3 target
Century Iron Mines is an exploration company with four groups of properties located in James Bay, Quebec, and the Labrador Trough iron ore camp in the Canadian province of Newfoundland and Labrador.

Tuesday's London broker comment corner; Goldman Sachs and JP Morgan Cazenove ...
Today, the firm revealed results from the company's first drill programme at the project in south-west Ireland. Barite is an industrial mineral that has many uses, it is most commonly used as a weighting agent in drilling and as a filler in paint.

CONSOL Energy Adds 517 Bcf from Drilling in 2011; Achieves Drill Bit Finding ...
6, 2012 /PRNewswire via COMTEX/ -- During 2011, CONSOL Energy Inc. /quotes/zigman/190880/quotes/nls/cnx CNX -0.80% announced net proved reserve adds through extensions and discoveries of 517 Bcf.

Tax Exemption May Aid Businesses, Stress Va. localities
Two bills, still in committee, would alter the way Virginia classifies and taxes machinery used in manufacturing, mining, water well drilling, processing, broadcasting, dairy, dry cleaning and laundry businesses. Such machinery currently is subject ...

Finding Fundamentals Key to Gold Investing: Byron King
Apart from buying Red Back Mining, Kinross bought Underworld Resources in the Yukon and Aurelian Resources in Ecuador. Do you believe that was the wrong strategy?

Foraco appoints Chief Operating Officer
6, 2012 /CNW/ - Foraco International SA (TSX: FAR) (the "Company" or "Foraco"), a leading global provider of mineral drilling services, announced today the appointment of Chief Operating Officer ("COO") Claude Durocher. The company has created this ...

Pinestar Gold Inc. Announces the Start of Access Road Construction for a ...
The Company will now immediately start road construction to provide access for a diamond drill program on the Lajualas system which is expected to start later this month.

Minfocus Exploration Starts Winter Program at Nipigon Reefs
/quotes/zigman/8400505 CA:MFX 0.00% ("Minfocus") is pleased to announce that it has commenced site preparations to undertake a winter drilling program on its optioned Seagull North claims which form part of its Nipigon Reefs project in northwestern ...

Discovery of more tanzanite to extend mining by 30 years
The firm, which owns TanzaniteOne's mining licence said in a statement that the upgrade, technically extends the life of the project by 30 years.

NZ mining consent system 'encourages delay', Bathurst says
The company has four drilling rigs working in the Escarpment area and will spend $2.2 million over the next two years to identify coal-bearing areas, and will be taking part in a “bio-blitz” initiative next month with Forest & Bird to catalogue ...

Tanzanian Royalty Announces High Grade Assay Results From Drilling Programat ...
SOUTH SURREY, British Columbia, Feb 06, 2012 (BUSINESS WIRE) -- Tanzanian Royalty Exploration Corporation is pleased to report additional high grade assay results from the ongoing reverse circulation and diamond drilling program at its Buckreef Gold ...

Lake Victoria Reports Additional Encouraging Gold Assays from Kiabakari East ...
VANCOUVER, British Columbia, Feb 06, 2012 (BUSINESS WIRE) -- Lake Victoria Mining Company, Inc. (lvca:OTCBB) ("Lake Victoria" or the "Company") is pleased to report encouraging trench results from Kiabakari East prospect, including, but not limited to, ...

Banro Announces US$125 Million Debt Financing
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza oxide mine and development of four additional major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre long Twangiza-Namoya gold ...

New Jersey Mining Company Finds High Grade Vein and Announces Start of ...
KELLOGG, Idaho, Feb 2, 2012 (GlobeNewswire via COMTEX) -- New Jersey Mining Company /quotes/zigman/4156226 NJMC 0.00% is pleased to announce that an exploration crosscut in the northern part of the Golden Chest mine has intersected a vein that assayed ...