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Thiess Wins $1BN Mining Contract at OZ Minerals’ Prominent Hill

The job situation in South Australia has improved in the mining sector with mining contractor Thiess being hired to work on OZ Minerals’ Prominent Hill mine.

From OZ Minerals Limited 8 Feb 2012

Red 5 Pours 1st Gold at Siana, Philippines

Red 5 Limited, an Australian listed mining company has made a production output forecast of 850,000 ounces of gold over a period of 11 years from the Siana project.

From Red 5 Limited 7 Feb 2012

Nevada Gold Re-Starts Production at Jerritt Canyon‎ Gold Mine

Nevada Gold Corp. has restarted production at its Nevada mine. The Jerrit Canyon gold mining operation in the state had been shut down for installation of new equipment and other maintenance issues since January 6, 2012.

7 Feb 2012

Premier Gold Acquires Stake in Red Lake‎

Premier Gold Mines hopes to acquire two patented claim groups situated in the East Bay ultramafic trend in Red Lake. Both claim groups are close to the Footwall Zone on the East Bay Project. This is an active joint venture that the company runs with partner Red Lake Gold Mines.

From Equinox Gold Corp. 7 Feb 2012

Minco Gold Gives Update on Tugurige Gold Project

Minco Gold has provided an update on the Tugurige Gold Project. The company had earlier announced that it had entered into a joint venture with 208 Exploration Team, which is a subsidiary of China National Nuclear Corporation through its own 100% subsidiary Minco Mining.

7 Feb 2012

Cluff Gold to Acquire Orezone Gold Corp’s Sega Gold Project

UK based Cluff Gold has announced that it has entered into a conditional sale and purchase agreement with Orezone Gold Corporation to acquire all the licenses and related property of the Sega Gold Project owned by Orezone Gold, which is located at a distance of 20km from the Kalsaka project owned by Cuff Gold in Burkina Faso.

7 Feb 2012

ANC Proposed Mining Super Tax Meets Opposition

The African National Congress (ANC) may have decided that nationalization of all the mines in the country is not financially possible but that has not deterred it from planning a ‘super tax’ on mining.

6 Feb 2012

Zimbabwe Mining Fees 'Skyrocket' 5000%

The government of Zimbabwe has raised the mining and license fees from between 500 to 5000% as per the state controlled local media.

6 Feb 2012

Tanzanian Royalty Exploration Inks Agreement to Complete PEA of Surface Rubble Deposit

Tanzanian Royalty Exploration has signed a contractual agreement with South Africa-based Consulmet Metals in order to complete a preliminary economic assessment (PEA) of the Kigosi gold project’s gravity recovery unit, located in Tanzania’s Lake Victoria Goldfields.

From TRX Gold Corporation 6 Feb 2012