Investment in AZ on potential porphyry copper project

The company announced its investment of US$652 million to support the feasibility study for porphyry copper. The company expects these Pre-feasibility studies to be completed by 2012, and production at the new mine would start by 2020. The indicated goal is to reach a copper production of 500,000 tonnes per annum.

This production increase is surely going to translate into more jobs for Arizona workers. It'll be interesting to watch the current work-force conditions vs. the job market in AZ in 2020.

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CANADIAN COMPANY TO TRADE ON PERUVIAN STOCK EXCHANGE

Canadian mining company Aponquindo Minerals Inc. will begin trading in the Peruvian Stock Exchange under the symbol AQM. The company's Peruvian subsidiary holds options to two projects, a gold-silver prospect and a porphyry copper prospect in Peru.

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Minerals' prices go up - Anglo American profits

LONDON (AP) - Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on the back of high copper, platinum and coal prices.Net profits for the six months through June 30 rose to US$4.3 billion from US$3.38 billion in the same period last year. Revenue rose 13 percent to US$14.53 billion from US$12.88.«The key drivers of this performance were production growth in copper, iron ore, manganese ore, coal and phosphates, continued strength in the commodity price environment and the early benefits of tighter operational discipline across the businesses,» chief executive Cynthia Carroll said in a statement.

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Mining center would boost jobs in Canada

I encourage people to read the article that follows. It is about a community that is actually upset at the government for not allowing a mining center in their neck of the woods. These folks, for a change, are hitting center when they realize the economic development that this mining center can bring to their area. Congrats for knowing what's good for them and their families.

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Responsible mining for miners - coal to save forests

Nigerian environmental experts have called on the government to reintroduce coal mining in a move aimed at solving the country's current power crunch and salvaging its disappearing forests.

WINDHOEK -
Environmentalists in petroleum rich Nigeria, West Africa's economic giant, should be bracing themselves for a major war of words with their radical counterparts from the developed world.
In a surprising sign of defiance to the long-standing conservation tradition, environmental experts have called on the President Umaru Yar'Adua government to reintroduce coal mining to end the country's current energy crunch. The environmentalists are not only concerned about Nigeria's power generation problems, but say the move will help slow down forest losses and desertification.

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Technology: New device makes mining safer

By: MATT HARTLEY
June 18, 2008 at 3:26 PM EDT
Believe it or not, the next evolution in mine safety technology has a lot to do with remote-control garage door openers.
Steve Barrett is president and chief executive officer of Active Control Technology Inc. (ACT), a company that until recently specialized in high-tech remote control garage door openers, but is now on the verge of rewriting the rulebook on mining safety.
If Mr. Barrett has his way, ACT's ActiveMine systems will help mining companies prevent tragedies such as the Sago Mine disaster that killed 12 miners in West Virginia in January, 2006.
Today the Burlington, Ont., company — which took the lead spot in the technology sector of the 2008 TSX Venture 50 ranking — is on its way to becoming one of Canada's rising technology stars by specializing in wireless mesh communications networks that work in the deep, dark recesses of coal mines.

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