Newcrest Mining Ltd (ASX:NCM) is taking on a stake in a joint venture in Papua New Guinea by entering into a deal with Triple Plate Junction Plc.
Gold Reserve Inc. (TSX:GRZ) (NYSE-Amex:GRZ) has announced that it has filed its arbitration claim against the Bolivarian Republic of Venezuela with the World Bank's International Centre for Settlement of Investment Disputes ("ICSID"), in accordance with the provisions of the Canada-Venezuela Bilateral Investment Treaty ("BIT").
Ivanhoe Mines finally has something to be happy about at Oyu Tolgoi. The company has discovered a new mineralized zone at the southern Mongolian mine on Tuesday. The Canadian exploration company has been working on the copper and gold project in Mongolia for almost a decade.
Galaxy Gold, a mining and exploration company, has appealed to the Johannesburg Stock Exchange against the ruling that the company may not list as it does not have possession of new order mining rights.
Claude Resources, a Saskatoon, Canada-based mining company, has been found guilty of polluting the water in Saskatchewan by a provincial court in La Ronge, Canada. The offending Seabee Mine is located near Laonil Lake around 125 km north east of La Ronge and began production in 1991.
YTC Resources (ASX:YTC) has had an excellent start to its exploration activities at the Nymagee Copper Mine in New South Wales.
Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.
Mandalay Resources Corp (TSX: MND, MND.WT) has reported that it has begun mining operations at the Chilean mine Cerro Bayo.
No matter what the analysts say about a fake boom, gold seems to be on the rise in the current global economic climate. The price of gold futures in the US rose to a record high for the second time in this week as many investors use it as an insurance against turbulent economy in the world of finance.
The company holds 20,503 hectares of land in the Tulameen region near Princeton in British Colombia. This is a combination of 56 mineral claims. The project property is an ideal geological setting for a copper gold mine.