Mining Business News

RSS

Roca Mines Holds Meeting to Discuss Development and Operating Plans for MAX Molybdenum Mine.

Roca Mines Inc. (TSX-V: ROK) announces that a review meeting was held on January 31, 2011 with British Columbia's Chief Inspector of Mines and staff/consultants from the mines inspection branch to discuss development and operating plans for the MAX Molybdenum Mine.

2 Feb 2011

Brazilian Gold Signs Option Agreement to Acquire Santa Julia Gold Project in Brazil

Brazilian Gold Corporation (TSX VENTURE:BGC) has announced they have signed an option agreement through their wholly owned subsidiary, Regent Brazil Holdings Ltd., to acquire 100% of the Santa Julia gold project located approximately 43 kilometres north of the town of Novo Progresso, which is situated along the Santarem – Cuiabá (BR-163) highway in Pará state, northern Brazil.

From GoldMining Inc. 2 Feb 2011

Santa Fe Gold Provides $200,000 Loan to Columbus Silver

Santa Fe Gold Corporation (OTCBB: SFEG) announced it has loaned S$200,000 to Columbus Silver Corporation (TSXV: CSC) in connection with the Memorandum of Understanding dated September 24, 2010, under which the two companies set out agreed terms for completing a business combination.

From Santa Fe Gold Corporation 2 Feb 2011

SearchGold Forms JV with Swala Resources for Gueguere Property in Burkina Faso

SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) has announced that it has entered into an joint venture agreement dated January 28th 2011, with Swala Resources plc on the Gueguere Gold Property located in Burkina Faso, West Africa.

2 Feb 2011

Fronteer Gold Sells its Uranium Assets to Paladin Energy

Fronteer Gold Inc. (TSX:FRG)(NYSE Amex:FRG) announces today that it has completed the sale of 100% of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold, to Paladin Energy Ltd. (TSX:PDN)(ASX:PDN) pursuant to an Asset Sale Agreement which was entered into on December 17, 2010.

2 Feb 2011

Aben Resources Partners with Eagle Plains Resources to Buy Two Mineral Exploration Properties, Yukon

Aben Resources Ltd. (TSX VENTURE:ABN) (FRANKFURT:E2L) has announced that its has entered into an Acquisition Agreement with Eagle Plains Resources Ltd. (TSX VENTURE:EPL) to acquire a 100% interest in two non-contiguous mineral exploration properties known as the Hit and Justin projects, covering approximately 459 hectares, located in the eastern Yukon Territory.

From Eagle Plains Resources Ltd. 2 Feb 2011

New World Development to Spin-Off Iron Ore Business

New World Development, a Hong Kong based property developer, is planning to spin-off a Chinese iron ore mining business. The new company will be majority owned by its own infrastructure unit NWS Holdings through a listing on the Hong Kong stock exchange.

1 Feb 2011

Queensland Mining Exports Still Hampered by Adverse Weather

The coal mining industry in Australia is unlikely to return to full production any time soon with cyclones in North Queensland causing even more disruptions. The recent flooding in the state has resulted in the majority of coal mines operating at reduced capacity.

1 Feb 2011

Altona Mining Looks to Raise $70 Million

Altona Mining Limited is hoping to raise $70 million to fund the development of the Outokumpu copper project in Finland along with exploration at its Roseby copper project in Queensland.

From Altona Mining Limited 1 Feb 2011

Canadian Zinc Receives Two Year Extension for Mineral Exploration at Prairie Creek Property

Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) has reported the Mackenzie Valley Land and Water Board has granted a two year extension to Canadian Zinc's Land Use Permit for mineral exploration on the Prairie Creek Property in the Northwest Territories.

From Canadian Zinc Corporation 1 Feb 2011