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IMF Urges Australia to 'Save for a Rainy Day'

In a new report the International Monetary Fund (IMF) has warned Australia to save the revenue that it is generating from the mining boom in order to deal with the upcoming challenge of handling an aging population.

1 May 2011

Ethiopian Potash Plans to Begin 15,000 Meter Drill Program

Ethiopian Potash is constructing a field camp and the camp is getting ready to take delivery of the drill crews by the month end and the company expects to begin the 15,000 meter drilling campaign in early May.

30 Apr 2011

First American Silver Enters into Definitive Lease Agreement for Mount Jackson Property

First American Silver has signed a Definitive Lease Agreement with Anthony A. Longo and Pyramid Lake to acquire the Mount Jackson property.

30 Apr 2011

BHP Boss Says China has Unrealistic Expectations on Australian Projects

BHP Billiton boss Marius Kloppers feels that the Chief Executive Officers of China’s state owned companies had unrealistic expectation of how quickly you can commission projects in Australia. He added that the failure of mining investments has made the global prices for commodities stay at record levels.

From BHP Billiton Plc 28 Apr 2011

Queensland Government Under Fire Over Mining Funded Hospital and Upgrades

The Queensland Government has come under criticism by a state MP for agreeing to have health care financed by the mining industry. The Queensland Gas company is going to fund the construction of a new satellite renal unit at Gladstone hospital and upgrades to the operating theatre, as announced by Premier Anna Bligh.

28 Apr 2011

Rio Tinto Inks $700m Guinean Agreement for New Mining Port

In the west African nation of Guinea mining giant Rio Tinto has signed an agreement with the government to construct a new mining port. The agreement was signed by its subsidiary Simfer S.A. According to the deal the company will pay the government US$700 million and gain mining concessions in the country.

28 Apr 2011

Ranger Gold Completes Initial Mapping and Sampling Program at Truman Project

Ranger Gold has completed the preliminary mapping and sampling program at the Truman Project, which is situated in Mineral County, Nevada.

28 Apr 2011

Sentula Mining and Shanduka Resources to Merge

Sentula Mining and Shanduka Resources have decided to merge and form a strong mid-tier coal producing and mining services company. An announcement to this effect was made last week. 627 million new Sentula Mining ordinary shares shall be allotted to Sanduka Resources.

From Sentula Mining Limited 27 Apr 2011

Tata Steel to Stick with Riversdale Mining

Riversdale Mining is being taken over by Rio Tinto but Tata Steel will continue to hold a stake in the coal mining company. B. Muthuraman the Tata Steel Vice Chairman said on Monday that the company would not divest its stake in the Australian miner currently being acquired by Rio.

From Riversdale Mining Limited 27 Apr 2011

Revolver Resources Looks to Reverse Takeover of Oculus Mining

Revolver Resources is hoping to reverse the takeover deal of Oculus Mining S.A. The Toronto Stock Exchange listed company Revolver Resources has halted trading while the required documentation is filed with the TSX Venture Exchange.

27 Apr 2011