The air and sea borders of Guinea have been re-opened by Prime Minister Jean-Marie Dore ending the curfew that had been imposed. The West African nation saw street violence after elections which had led to the imposition of the curfew. The hours of the night time curfew have also been reduced from 6 pm to 6 am to 10 pm to 6 am.
Estrella Gold Corporation (TSX VENTURE:EST) has announced it has established an exploration Alliance with Cliffs Natural Resources Exploration Inc., to explore for Iron Oxide, Copper, Gold deposits in southern Peru.
Augyva Mining Resources Inc. (TSX VENTURE:AUV) and Canadian Century Iron Ore Corporation has announced that Phase II of the drilling program will begin shortly on the Duncan Lake Iron Ore Project located in the James Bay Region of Quebec.
Vector Resources (ASX:VEC) has finished its first drill program in the Earaheedy project located in Western Australia north east of Wiluna. The project is a joint venture with Cazaly Resources (ASX:CAZ) which owns a 50% stake in the project. The drill program has 21 holes planned and the testing of the first one has been promising.
NEVADO RESOURCES CORPORATION (TSX VENTURE:VDO)(FRANKFURT:NSV) has announced additional Iron, Titanium and Vanadium assay results from the recently discovered massive magnetite-ilmenite Leduc Occurrence found during the summer-fall 2010 exploration program on the Company's wholly-owned 646 claims / 355 km2 La Blache Iron-Titanium-Vanadium Property.
Estrella Gold Corporation (TSX VENTURE:EST) has announced the establishment of a Joint Venture with Cliffs Natural Resources Exploration Inc. for the exploration and potential development of the Company's Pampa Poroma Iron Oxide Copper Gold project in Peru.
Rio Tinto is all set to embark on a new Chinese joint venture and expand an existing one in place with Sinosteel. The Sinosteel deal involves extending the existing Channar iron ore joint venture in Australia. The expansion will help produce an extra 50 million tonnes of iron ore.
Archaeologists in Chile say they have discovered the oldest mine in the Americas, an iron oxide mine in northern Chile dating back to 12,000 years.
Rio Tinto is about to make a bid for Riversdale Mining at $15 per share. This would be a $3.5 billion takeover bid made by the British company. There is a likelihood of the move attracting a counter bid from the Brazilian mining giant Vale.
Mining giant Rio Tinto said that the Australian government should not make changes to the mining tax as the resources sector will remain vulnerable to political attention especially since commodity prices remain high.
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