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Shear Diamonds and Nunavut Resources Enter Mutual Co-Operation Agreement

Shear Diamonds Ltd. (TSX VENTURE:SRM) has announced the signing of a Mutual Co-Operation Agreement with the Nunavut Resources Corporation.

15 Feb 2011

NuCoal Share Placement Over Subscribed

A $30 million new share sale has been completed by NuCoal to fund studies on its Doyles Creak coal project in Hunter Valley. There was strong support for the placement of shares from new and existing investors.

From NuCoal Resources NL 14 Feb 2011

Record Earnings for BHP Billiton

BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.

From BHP Billiton Plc 14 Feb 2011

Tax Issues for Glencore in Zambia

Glencore International AG’s Mopani Copper Mines may have irregularities in tax submissions as per the director general of the Zambian revenue authority.

14 Feb 2011

SRK Consulting Completes Canadian NI 43-101 Technical Reports for Calais Resources' Properties

CALAIS RESOURCES, INC (Pink Sheets: CAAUF), a development stage mineral exploration company, is pleased to announce that SRK Consulting (U.S.), Inc. has completed Canadian National Instrument 43-101 compliant technical reports for each of Calais' mineral properties located in Colorado and Nevada.

14 Feb 2011

Mandalay Resources Announces 2011 Exploration Program

Mandalay Resources Corporation (TSX: MND, MND.WT) announced today that it has launched a board-approved exploration program for 2011 totaling US$11.7 million and 91,000 metres across its portfolio.

From Mandalay Resources Corporation 14 Feb 2011

Orosur Mining Updates on Exploration Programs in Uruguay and Chile

Orosur Mining Inc. (TSX-V:OMI)(AIM: OMI), a South American-focused gold producer and explorer, announces an exploration update for its Chilean and Uruguayan exploration programs.

From Orosur Mining Inc. 14 Feb 2011

BCY Resources to Acquire Riverside Resources' Three Gold Projects in Mexico

Riverside Resources Inc. (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT:R99) has announced that BCY Resources Inc. (TSX VENTURE:BCY) and Riversides Resources Inc. have entered into an option agreement whereby BCY can acquire a seventy-five percent (75%) interest in Riverside's 100% owned Catrina, Escondida, and Pedernal projects, located in Durango and Zacatecas, Mexico (collectively the "Durango Properties").

14 Feb 2011

Goldcorp Sells Stake in Osisko Mining

Goldcorp Inc. sold its 10.1 % stake in Osisko Mining Corp for $13.75 a share amounting to a total of $530 million in cash. The stock of the company went up by 1% after the announcement.

From Osisko Gold Royalties Ltd 13 Feb 2011

Rio Tinto to Invest $1.2 Billion in Australian and Canadian Iron Ore Operations

Rio Tinto is to invest $1.2 billion to expand mining operations in Australia and Canada. The mining giant intends to spend $933 million on the Marandoo iron ore mine in Australia to prolong its life by another 16 years till 2030. Another $277 million will be invested in the Iron Ore Company of Canada to raise concentrate production capacity by 40% to 26 million tonnes annually.

From Rio Tinto plc 13 Feb 2011