Australasian Resources adds 1bn ton to resource

Iron-ore developer Australasian Resources has gained access to a further billion tons of resource at its flagship South Balmoral project, in Western Australia, in a deal with major shareholder Mineralogy. Under the terms of the agreement,...

Balmoral South iron-ore project, Australia

The Balmoral resource is reputedly the world’s largest undeveloped magnetite resource, with the potential to host up to 100-billion tons of magnetic banded iron formation.

$3.3bn pricetag on Balmoral South - Australasian Resources

Perth-based Australasian Resources has revised the capital cost estimate for its flagship Balmoral South iron-ore project, in Western Australia, following a review. The project cost has increased to an estimated A$3.29-billion, compared with the...

Hochschild boosts resources at Peru project

Mexico's Hochschild Mining has increased both resources and grades at the Inmaculada gold/silver project, in southern Peru, the firm said on Friday. Measured and indicated resources increased 59%, to 76-million silver-equivalent ounces, while...

Silver, gold resource more than triples at Peru project

International Minerals and partner Hochschild Mining could produce about 117 000 oz of gold and 4-million ounces of silver a year, from the Inmaculada precious metals project in Southern Peru. International Minerals, which is earning a 70% stake...

Environmental approval granted for Balmoral South project

Perth-based iron-ore developer Australasian Resources has received the final State Government environmental approval for its Balmoral South iron-ore project, in Western Australia. The Balmoral project has now received environmental approval to...

Ecuador's President Correa reassures miners

Several North American mining companies, including Canada's Iamgold, Aurelian Resources and Corriente Resources, met with the President of Ecuador, Rafael Correa, and other top officials on Thursday afternoon. Ecuador's constitutional...