mineral exploration project – commodity prices – mining stock- trade and market

The company IMX Resources is officially opening its Cairn Hill mine in South Australia’s outback today.

The iron ore and copper mine is south of Coober Pedy and will directly employ 150 people and have a life of up to 20 years.

Premier Mike Rann will be at the opening – an event the company’s managing director, Duncan McBain, says proves that South Australia has a strong future in the resource sector.

“We’ll mine down to about 120 metres below ground level in two small pits,” Mr McBain said.

“Potentially it could go underground...

Zambia’s Lumwana Mining Co. Ltd., a unit of Equinox Minerals Ltd plans to raise copper output through greater efficiency and also plans to build a uranium plant, its managing director said on Wednesday.

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Canadian mining companies are facing allegations of abuse and assault on local citizens in dozens of developing nations.

The companies say they have done nothing wrong – mining copper, gold and other metals brings only prosperity to these poor regions.

Striking copper miners at Chile’s Spence mine said on Wednesday there was no end in sight to a 16-day labor dispute that owner BHP Billiton said has reduced production to a minimum.

“Everything remains the same. The company hasn’t called us, they aren’t willing to negotiate,” said Daniel Ibacache, a union leader at the mine.