Mining Business News

RSS

Churchill Natural Resources Ends Talks with St. Eugene OverTartan Lake

St. Eugene Mining Corp. said that private equity firm Churchill Natural Resources Partners had retreated from a potential bidding war with St. Eugene’s biggest share holder Claude Resources over the Tartan Lake gold mine.

From SSR Mining Inc 19 Jul 2011

Chile Reshuffles Cabinet, Names New Mining Minister

Chilean President Sebastian Pinera has named a new Mining Minster after a cabinet reshuffle. Hernan de Solminachhas been appointed as the new mining minister, he was previously the Public Works Minister. Fernando Echeverria will take over the post of Energy Minister.

19 Jul 2011

Minera IRL Reports Prefeasibility Study Results of Ollachea Project

Minera IRL has reported the prefeasibility study results of the Ollachea Project in Peru.

19 Jul 2011

ADX Energy Granted Offshore Exploration Permit in Italy

ADX Energy has announced the completion of the award process for the marine exploration permit license d 364 C.R-.AX in Italy. The nearby exploration permit d 363 C.R-.AX is under claim by ADX.

19 Jul 2011

Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine

Kimberley Metals has reported that following the receipt of interest expressions from several parties for the off take of the copper concentrate from the Mineral Hill mine, the company is presently completing a preliminary sales agreement for six months. Penfold is supporting the company in this process.

19 Jul 2011

Hanlong Mining Looks to Take Over Sundance Resources

Hanlong Mining Investment wants to takeover Sundance Resources. The Chinese mining company is the largest shareholder of Sundance Resources holding 18% stake in the company. In the takeover bid it has offered a price of 50 cents a share.

From Sundance Resources Limited 18 Jul 2011

UraStar Energy Signs LOI with Mosquito Consolidated Gold Mines

UraStar Energy has signed a letter of intent (LOI) with Mosquito Consolidated Gold Mines to acquire the BlackPoint gold-silver project. This project includes 896 A and is situated in the Battle Mountain-Eureka gold trend and 7 km north of the Eureka town in Nevada.

18 Jul 2011

Lucara Diamond Advances AK6 Diamond Mine Construction in Botswana

Lucara Diamond is advancing the AK6 diamond mine construction located in Botswana, on time and has completed more than 60% of construction. The South Africa steel industry’s ongoing industrial action has delayed the delivery of steel for the project.

From Lucara Diamond Corp. 18 Jul 2011

Fortescue Ponders Hong Kong, Shanghai Listings

The Fortescue Metals Group is now considering a listing on the Hong Kong or Shanghai stock exchanges as per its Chief Executive officer Andrew Forrest. The third largest iron ore mining firm in Australia has decided that it would be the best way to cement ties with steel mills in China.

From Fortescue Metals Group Ltd 17 Jul 2011

AngloGold Ashanti to Sell Savuka Mining Area to DRDGold

AngloGold Ashanti has decided to sell about 390,000 square meters of its Savuka mining area to Blyvooruitzicht Gold Mining. The deal will bring cash to the tune of 35 million Rand (US$5.1 million) allowing the company to deal with their operating cash flow problems in the distressed DRDGold unit.

17 Jul 2011