Hyderbad, Aug. 9 The Andhra Pradesh Government is contemplating to float a joint venture company with equal stake from Andhra Pradesh Mineral Development Corporation (APMDC) and National Mineral Development Corporation (NMDC).
The proposed joint venture is meant to focus exclusively on exploration of iron ore and gold deposits.
A foreign joint-venture company plans to invest up to $3 billion in Pakistan in a copper and gold mine, the venture's chief executive said on Tuesday. Tethyan Copper Co Ltd, a joint venture between Canada's Barrick Gold and Chile's Antofagasta Plc, one of the world's largest copper miners, has been granted an exploration license for the Reko Diq site in Balochistan.
The death toll from a fire at an abandoned South African gold mine rose to at least 61 on Tuesday, making it the country's worst such disaster in recent memory at an illicit mine.
The fire has raged for days at the mine, owned by Harmony Gold Mining Co., in the central Free State province whose many disused mines hold enough deposits to attract illegal mining syndicates.
An underground fire in an abandoned shaft has apparently killed 36 people who were illegally mining, the Harmony Gold Mining Company said Monday. The company said the bodies were brought to the surface by other illegal miners over the weekend at the Eland shaft in central South Africa.
Protesters in Peru, angry over the handling of a mercury spill, have blocked the road to one of Latin America's largest gold mines, Yanacocha, which is running low on crucial supplies, sector sources said on Wednesday.
SANTIAGO: An ambitious gold mining project in northern Chile, high up in the Andes close to ancient glaciers, is finally getting under way amid the economic downturn despite fears from environmentalists.
May 5: The exploration team have unearthed gold mines at Betamcherla and Pattikonda in Kurnool district here.
According to sources, two international companies will carry out the mining activities here. Though the Central government has given permission to one of these companies, another company is awaiting clearance, the sources said.
Pedro Ferreira spends his days and nights in a cramped, steamy tunnel under the damp earth of the Amazon rain forest, chipping away at a wall of rock glittering with traces of gold.
