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Goldex Resources Enters into Contract with Kluane Guatemala for El Pato Property

Goldex Resources has contracted Kluane Guatemala to perform an impending 5,000 metre drilling program at its El Pato property in Guatemala.

17 May 2011

Cabo Drilling Receives Drill Rigs Contract from Curis Resources

Cabo Drilling has received two drill rigs contract and to drill a minimum of 7,500 feet at the Florence copper project of Curis Resources.

11 May 2011

Daulton Capital Acquires Gold Property in Papau New Guinea

Daulton Capital has purchased 750,000 hectares in Papau New Guinea, which is rich in gold.

10 May 2011

GoldCorp to Remain Focussed on Precious Metals

GoldCorp Inc is reaffirming its commitment to precious metals. The chief executive officer of GoldCorp, Chuck Jeannes said that with their growth profile intact for the next five-plus years, it gave them the opportunity to try to continue that growth organically and through early-stage acquisitions, rather than going out and paying full price for a fully developed asset.

8 May 2011

UBS Names New Boss for Metals and Mining in Asia Pacific

Campbell Stewart has been named the head of Metals and Mining for UBS for the Asia Pacific region for investment banking. Mr Stewart is currently the head of investment banking for UBS in Melbourne besides heading the resources team for Australia. His new appointment will let him continue working based in Australia keeping his old roles while taking on the new one.

8 May 2011

Glencore Gears Up for IPO

Glencore is gearing up for its initial public offering (IPO) in London this year and it’s being highly anticipated by the market.

5 May 2011

Auric Mining Signs LOI to Buy Homestead Tonopah Gold in Nevada

Auric Mining has signed a Letter of Intent (LOI) to purchase Homestead Tonopah Gold, which is situated at Carson City in Nevada.

5 May 2011

IronClad Mining Looks at Switching to Floating Harbour

IronClad Mining Ltd had signed an agreement with Sea Transport Corporation to use a multi-user port facility concept developed by Sea Transport Corporation.

4 May 2011

Concerns Over South Africa's Ability to Manage Mining Industry Properly

In South Africa the National Union of Minerworkers is worried that the Department of Mineral Resources (DRM) may be unable to fully regulate the mining industry in the nation. In its national executive committee meet, on Tuesday, it said that it had serious concerns about the DRM being able to handle the new online system that it had opted for.

4 May 2011

ESCO Corporation Set for Initial Public Offering

ESCO Corporation has filed for an Initial Public Offering with U.S. regulators on Monday. The mining equipment component maker is looking to list stock on Nasdaq under the ESCO symbol. It hopes to raise $175 million plus from the sale of its shares on the market.

3 May 2011