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Martin Ferguson: Government Has Not Reneged On Any Royalty Deal

Resources Minister Martin Ferguson said that the Australian federal government was not responsible for the latest mining tax row.

From BHP Billiton Plc 12 Dec 2010

Lundin Mining Suspends Operations at Aguablanca Mine in Spain

Mining operations are being curtailed by Lundin Mining Corp at its Aguablanca Mine in Spain due to very heavy rains.

From Lundin Mining Corporation 12 Dec 2010

Galaxy Resources to Acquire James Bay Project from Lithium One

Lithium One Inc. (TSX VENTURE:LI), has reported that it has signed a Memorandum of Understanding ("MOU") with Galaxy Resources Limited (ASX:GXY) of Australia, under which Galaxy can acquire up to 70% of the James Bay lithium pegmatite project in Quebec through an earn-in and joint venture agreement. Subject to the necessary approvals, the Company expects to close this transaction with a Definitive Agreement before Dec 24, 2010.

From Galaxy Resources Limited 10 Dec 2010

Prospectors and Developers Association of Canada Announces Award Winners for 2011

Prospector Shawn Ryan will receive the Bill Dennis Award for prospecting success, the Prospectors and Developers Association of Canada (PDAC) announced today. Ryan is one of six awards winners to be honoured at an awards evening on Monday, March 7, 2011, in Toronto during the association's annual international convention (March 6-9).

10 Dec 2010

Rio Tinto Selects Services Procurement Platform of Fieldglass

Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, today announced Rio Tinto (NYSE: RIO), a leading international mining company, is live on its award-winning services ...

10 Dec 2010

Barkerville Gold Mines Inks Project Agreement with Lhtako Dene Nation

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) announces that it has entered into a Project Agreement with the Lhtako Dene Nation (Red Bluff Indian Band) ("Lhtako") of Quesnel, British Columbia. The parties will mutually benefit in the development of Barkerville's 100 percent-owned Bonanza Ledge Property located in the Cariboo Mining District of British Columbia.

From Barkerville Gold Mines Ltd. 10 Dec 2010

Papua Wants to Refine its Own Gold

Papua New Guinea (PNG) hopes to build its own gold refinery which would be operated in a joint public and private partnership.

9 Dec 2010

Australian Mining Tax Changes Rattle BHP and Rio Tinto

The two large Australian mining companies BHP Billiton and Rio Tinto are unhappy about the changes being written into the mining tax post-election. This was made evident to the Senate select committee that is investigating the proposed Minerals Resource Rent Tax (MRRT) in Melbourne.

From BHP Billiton Plc 9 Dec 2010

Fortescue Metals Launches $800 Million Bond Sale

To fund a mine expansion the Australian company Fortescue Metals Group Ltd is planning a $800 million bond sale. The money from the funds raised will be used for infrastructure expansions of the company's operations in the Pilbara region of Western Australia.

From Fortescue Metals Group Ltd 9 Dec 2010

REC Minerals to Conduct Geophysical Survey at Borden Lake South Gold Property

REC Minerals Corp. (TSX VENTURE:REC) has announced that it has entered into a contract with Geotech Ltd. to carry out a VTEM (helicopter-borne versatile time-domain electromagnetic) geophysical survey over its recently acquired 10,240 acre Borden Lake South gold property.

9 Dec 2010