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Mongolia Shortlists Banks for Tavan Tolgoi IPO

The initial public offering (IPO) of the Tavan Tolgoi coal mine will be the largest that Mongolia has ever had. The country has shortlisted four banks for the process. The lucky four which survived the culling from a 150 plus applicants are BNP Paribas, Deutsche Bank, Goldman Sachs and Macquarie Bank.

By Joel Scanlon 27 Feb 2011

Primero Mining Reports Jump in Profits

Primero Mining Corp posted a quarterly profit that came as a surprise. The profits are contributed to higher production and also reflect the first full quarter ownership of a new mine in Mexico.

By Joel Scanlon 27 Feb 2011

Colorado Coal Mine Expansion Challenged

The Elk Creek coal mine in western Colorado had been given permission by the Bureau of Land Management for an expansion but the Sierra Club and the Wild Earth Guardians group are challenging the decision. They have filed an appeal with the Board of Land Appeals registering their opposition.

By Joel Scanlon 27 Feb 2011

Newmont Mining Announces Increase of Attributable Gold Reserves to 93.5 Million Ounces in 2010

Newmont Mining Corporation (NYSE: NEM) today announced it increased attributable gold reserves by 1.7 million ounces to 93.5 million ounces in 2010.

From Newmont Mining Corporation 25 Feb 2011

Galahad Metals Intents to Spin Out 60% Interest in Bottle Creek Exploration into Red Ore Gold

Galahad Metals Inc. (TSX VENTURE:GAX) has announced today its intention to spin out its 60% interest in Bottle Creek Exploration, LLC into a new BC incorporated company called Red Ore Gold Inc., a wholly-owned subsidiary of Galahad.

25 Feb 2011

Capstone Mining Announces Prefeasibility Study Results from Kutcho Project in BC

Capstone Mining Corp. (CS: TSX) today announced that its wholly owned subsidiary, Kutcho Copper Corp., reports the results of the Prefeasibility Study completed by JDS Energy & Mining Inc. on the Company's Kutcho Project located in north-western BC.

From Capstone Copper Crop. 25 Feb 2011

Pele Mountain Resources Completes NI 43-101 Resource Estimate for Eco Ridge Mine Project, Ontario

Pele Mountain Resources Inc. (TSX Venture: GEM) today announced the completion of a NI 43-101 Resource Estimate which for the first time includes both uranium oxide and rare earth oxides at its Eco Ridge Mine Uranium and Rare Earths Project in Elliot Lake, Ontario.

From Pele Mountain Resources Inc 25 Feb 2011

Peregrine Diamonds Yields 96 Larger Diamonds from Chidliak Project in Canada

Peregrine Diamonds Ltd. (TSX:PGD) has reported a coarse diamond size distribution in a 74.4 kilogram sample collected by core drilling from the CH-20 kimberlite located on the 8,580 square kilometre Chidliak project, Baffin Island, Nunavut, Canada.

25 Feb 2011

Red Crescent Resources Announces NI 43-101 Mineral Resource Estimate for Hakkari Zinc Project

Red Crescent Resources Limited (TSX:RCB), a mineral exploration and development company focused on base metals, has announced an initial independent National Instrument 43-101 compliant Mineral Resource Estimate for it's Hakkari Zinc Project in South East Turkey.

25 Feb 2011

TAD Mineral Exploration Receives Multiple Split Core Sample Results from Hazelton Prospect

TAD Mineral Exploration Inc. (TSX VENTURE:TJ) has announced the results from the multiple split core samples that returned >100 ppm tungsten at the Hazelton Prospect in British Columbia.

25 Feb 2011

Lake Shore Gold Reports Underground Drilling Results from Timmins Mine

Lake Shore Gold Corp. (TSX:LSG) today announced results from an additional 72 holes (10,871 metres) of underground drilling at the Timmins Mine. The holes were drilled from platforms on the 260 and 525 levels.

25 Feb 2011

Matamec Explorations Receives Assay Results from Kipawa Deposit in Quebec

Matamec Explorations Inc. (TSX VENTURE:MAT) has announced that assay results have been received for a further eight DDH on its 2010-2011 diamond drilling program on the Kipawa HREE-Y-Zr deposit in western Quebec.

25 Feb 2011

Golden Predator Commences Winter Drilling at Grew Creek Project

Golden Predator Corp. (TSX: GPD) has announced that it has commenced its second winter drill program of 2011 on the Carlos discovery zone at its Grew Creek Project.

25 Feb 2011

Cresval Capital to Begin Exploration Program at Bridge River Project in British Columbia

Cresval Capital Corp. (TSX VENTURE:CRV) reports that the 2011 exploration program, consisting of an airborne geophysical survey over the entire Bridge River claim block followed by a 2500 metre drill program in 9 holes, with a minimum $500,000 budget has been approved and preparations are underway to start exploration immediately after spring break-up.

From Cresval Capital Corp. 25 Feb 2011

Bison Gold Resources Intersects 35 G/T Gold Over 4.73 Metres at Central Manitoba Property

Bison Gold Resources Inc. (TSX VENTURE:BGE) has announced further results from drilling on the Ogama-Rockland trend on the company's Central Manitoba Property.

From Bison Gold Resources Inc. 25 Feb 2011