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Glencore Set for an IPO and a Bigger Chunk of Xstrata

Glencore International, a Switzerland based commodities trader, is all set to announce a partial public flotation. The Initial Public Offering (IPO) for Glencore International will allow it to move towards more acquisitions.

13 Apr 2011

Lundin Mining Board Not in Favour of Equinox Takeover

Lundin Mining is not in favour of the hostile takeover bid from Equinox Minerals. The unsolicited Canadian $4.7 billion bid should be rejected by shareholders if the board of director’s recommendation is to count. Equinox Minerals itself has refused a $6.3 billion offer from China’s Minmetals Resources calling it opportunistic.

From Lundin Mining Corporation 13 Apr 2011

Australian Trade Liberalization Push to Help Non-Mining States

The federal government is going to push free trade in an attempt to improve the economic condition of Australian states that have not benefited by the mining boom. Prime Minister Julia Gillard is going to give a thrust to a new round of trade liberalization to help non-mining states that are struggling to keep pace with the resources boom.

12 Apr 2011

University of Queensland Looks to Clean Up Mine Water

The University of Queensland has awarded an internal fellowship scheme to foster research excellence in applications that deal with water technology issues in the mining industry. It is one of 15 successful applications for the award given to Vice-Chancellor's Senior Research Fellowships.

11 Apr 2011

Geologix Explorations Accelerates Final Option Payment to Buy Tepal Property

Geologix Explorations has released the closing option payment of US$2.3 million property because of the primary vendor and acquires a 100% interest in the 138 km2 property package in Michoacán state, Mexico

11 Apr 2011

Prospero Silver Hires Geotech to Conduct Airborne Survey at Campana and San Luis Del Cordero Projects

Prospero Silver has engaged Geotech, a contractor, to perform a ZTEM (z-Axis Tipper Electromagnetic System) and magnetic helicopter airborne geophysical survey.

11 Apr 2011

Cluff Gold Receives New Gold Exploration Licence for Mamoudouya in Mali

Cluff Gold has received a new licence for gold exploration in Western Mali.

From Cluff Gold plc. 11 Apr 2011

Denarii Resources Signs Joint Venture Agreement with Guyanex Minerals

Denarii Resources is a company that explores and develops mineral resources, which possess a 100% interest in the McNab Molybdenum property situated in Southwest British Columbia, Canada and the Bateman gold and nickel property next to Thunder Bay, Ontario, Canada.

11 Apr 2011

Nevada May Phase Out Mining Tax Breaks

Substantial tax deductions may be phased out for mining companies in Nevada. Lawmakers seem split down party lines on the issue with Democrats not believing that the mining industry is entitled to any special deductions and Republicans saying that the industry was vital to the rural economy in Nevada.

10 Apr 2011

Newmont Mining Links Dividend to Gold Price

Newmont Mining Corporation has decided to link gold prices to the dividend it pays in order to gain more investors. Currently investors are using Exchange Traded Funds (ETF) to buy a share of gold as a hedge to currency devaluation. All investment portfolios prefer to keep some percentage of gold as it is more stable than other investments.

From Newmont Mining Corporation 10 Apr 2011