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Bradken Shares Jump After Recent Acquistions

Bradken (ASX: BKN), an Australian mining equipment supplier, saw its shares rise to $8.64 (+4.73%ý) last week after it announced that it had made some acquisitions that would raise earnings by $28 million.

10 Jul 2011

Match Capital Resources Completes Summer Drilling at Indian Lake Property

Match Capital Resources (Match) has completed the summer drilling program at the Indian Lake property. The company has drilled a total of 1,173 m, totaling nine holes.

8 Jul 2011

SouthGobi Receives Mining License for Soumber Deposit

SouthGobi Energy Resources Ltd. (SGQ.TO) has been issued a mining license for its wholly owned Mongolian operating subsidiary SouthGobi Sands by the Mineral Resource Authority of Mongolia. Shares in the company rose by 5 cents after the announcement to end up at $10.75.

From SouthGobi Resources Ltd 7 Jul 2011

Fortescue Metals Looks to Cut Costs With Driverless Dump Trucks

The Fortescue Metals Group has decided to use robotic dump trucks in the Solomon project being planned for the Pilbara region of Australia's North West. Andrew Forrest’s company will have an automation rollout in Western Australia that is larger than the one operated by rival company Rio Tinto.

From Fortescue Metals Group Ltd 7 Jul 2011

Currie Rose Resources Completes Primary Drill Holes at Mabale Hills Project

Currie Rose Resources has completed the initial three holes of a 10,000 m drill program, which is scheduled for this summer for its two main projects in the Lake Victoria Greenstone belt, Tanzania.

7 Jul 2011

Newcastle Minerals Completes Diamond Drilling Program at Chester Project

Newcastle Minerals has completed a 1,050 m diamond drilling program, totaling four holes at its Chester Project, which is situated in northwestern Ontario, Canada.

7 Jul 2011

Mining Boom Sees Australian Trade Surplus Reach Highs

The Australian mining boom has carried the country’s trade surplus to a seven month high of $ 2.33 billion. As per the Bureau of Statistics this is the revised trade surplus from the $ 1.62 billion in April. The report was released in Sydney on Tuesday and will give a major boost to the nation.

6 Jul 2011

Caterpillar to Invest $120m in Griffin Plant

Caterpillar Inc is all set to increase its investment in the Griffin facility. They will create 200 jobs in Spalding County with their investment of $ 120 million. The money will be spent on machinery, equipment, and upgrades to the existing facility as per Governor Nathan Deal.

From Caterpillar 5 Jul 2011

Calls for Review of Foreign Investment to Maintain Australian Mining Industry

Australian Treasury Secretary Martin Parkinson is concerned about discouraging overseas investment. He feels that politicians squabbling over foreign investors will drive away essential overseas investments in the country if things are not handled with care.

5 Jul 2011

GeoGlobal Resources Finalizes Assignment Agreement

GeoGlobal Resources has concluded the terms of the Assignment Agreement, which has been signed with a third party and has acquired the rights and obligations of the assignment of the third party for a current Drill Rig and Associated Services Contract for a drilling rig, which is semi-submersible.

4 Jul 2011