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Tata Steel to Sell Stake in Riversdale Mining

Tata Steel has decided to sell its 26.72 % stake in Riversdale Mining Ltd for $1.12 billion. The company which is currently controlled by majority stake holder Rio Tinto Jersey Holdings is hoping to de-list.

From Riversdale Mining Limited 19 Jun 2011

Nevada Governor Reduces Tax Breaks for Mining Industry

Nevada Governor Brian Sandoval signed a law reducing tax breaks to the mining industry, killing the tax cap that was in the constitution since 1864. The new law needs the state Taxation Department to report each year to the new commission on the expenses and deductions of each mining company operating in the state.

19 Jun 2011

Comment by MP Don Randall Lands Him in Hot Water

A comment by Western Australia Liberal MP has taken the media by storm. When MP Don Randall said that the mining industry was being ‘pussy whipped’ by Julia Gillard he would not have expected his comment to be the beginning of such a controversy. Or perhaps he did.

19 Jun 2011

Dios Exploration Executes Diamond Drilling at Shipshaw Carbonatite Complex

Dios Exploration is executing the diamond drilling again at the Shipshaw carbonatite complex, which are a few kilometers away from the Niobec mine in Quebec.

From Dios Exploration Inc. 18 Jun 2011

Cap-Ex Ventures Receives Preliminary Survey Data from Redmond and Block 103 Properties

Cap-Ex Ventures has got and interpreted the primary data from the latest Airborne FALCON Gravity Gradiometer and High Sensitivity Magnetometer survey at the Redmond and Block 103 properties in the Labrador Trough, Quebec.

18 Jun 2011

Monster Mining Starts Airborne Geophysical Survey at Keno-Lightning Project

Monster Mining has begun an airborne geophysical survey at its Keno-Lightning project near Keno City in Yukon.

18 Jun 2011

Velocity Minerals Resumes Geochemical Soil Survey at A-claims in Idaho

Velocity Minerals has recommenced a geochemical soil survey at its A-claims in the Orogrande mining district, Idaho.

From Velocity Minerals Ltd. 18 Jun 2011

Warramboo Iron Ore Project a Step Closer

Iron Road Ltd, an independent, South Australian focused iron ore project developer, is ready to build a major magnetite iron ore project on the Eyre Peninsula in South Australia. The community around Warramboo has traditionally been a farming region but if the open cut mine is established it would convert to a mining zone.

From Iron Road Limited 16 Jun 2011

Cabo Drilling Receives Drilling Contract for Redford Iron Ore Property

Cabo Drilling has received a contract to drill 13,000 m at Ridgemont Iron Ore’s Redford iron ore property, which is situated in Vancouver Island, BC.

From Cabo Drilling Corp. 16 Jun 2011

Rio Tinto Set to Expand Pilbara Operations

The Rio Tinto Group has approved the expansion of its iron ore operations in Australia. The company is to invest $676 million over the next six months to profit from ever growing global thirst for iron ore. The funds have been sanctioned to enhance work on port and rail engineering projects in the Pilbara region.

15 Jun 2011