Aspire International, Inc. (Pink Sheets:APIT) announced today that it has entered into a letter of intent to acquire the Guilin Gold GuangXi Gold deposit located in the northern part of GuangXi Province in southern China, an inferred resource of 1.29 million tonnes, with additional potential to further expand the resource, up to an estimated 1 million ounces.
Mining is no longer the high mortality profession that it once was in South Africa. The Chamber of Mines has recorded a 24 % drop in mining related deaths in 2010.
Lumwana Mining Company, a subsidiary of Equinox Minerals, raised its copper production from 109,413 tonnes in 2009 to 146,690 tonnes in 2010.
EMED Mining's recent IPO in Canada was oversubscribed and has raised Canadian $2.4 million. The company is focused on exploring and developing resources of copper and gold.
San Marco Resources Inc. (TSX VENTURE:SMN) has announced it has signed an agreement with Golden Minerals Company (AUMN: NYSE Amex) (AUM: TSX) to acquire a 22 hectare concession adjacent to San Marco's wholly-owned La Buena gold-silver project in Mexico.
Solid Resources Ltd. (TSX Venture: SRW; Frankfurt: YRS) announced today that the company has commenced its 2011 Drill Program on its Doade-Presqueira property located in Northwestern Spain, 25 km east of the port city of Pontevedra.
American Paramount Gold Corp. (OTCBB:APGA) has reported the CSAMT geophysical survey data collection phase of the survey at the Company's Capgold epithermal gold & silver project is complete.
Cornerstone Capital Resources Inc. (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today that it has concluded a Definitive Agreement with its joint venture partner that will allow diamond drilling to commence immediately on the Gama Prospect, located in the NW portion of the Company's flagship Shyri Gold-Copper Project in southern Ecuador.
The freight rates for shipping lines are dropping despite record rise in commodity prices. Leasing costs for capesizes, 1000-foot-plus ships, which haul iron ore and coal may go down 34% to their lowest prices since 2002 in the present year as per a survey conducted by Bloomberg.
The floods in Queensland are affecting its mining sector adversely. Projects worth $2 billion are facing delays and additional costs as the floods cause work disruptions in many mines across the state. Many mines have had to cease production on a temporary basis or shut down completely due to the heavy rains.
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