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Kumba Iron Ore to Fight Government Decision on Sishen Mine

Kumba Iron Ore is to fight the South African government decision to reject its mining bid for the Sishen mine. The Department of Mineral Resources called the bid premature and irregular. However company officials at Kumba Iron say that these are unsubstantiated allegations.

From Anglo American South Africa 30 Jan 2011

Peru Looks to Increase Mining Taxes

In Peru the presidential candidate Alejandro Toledo said that the mining companies need to give more of the revenue they generate to support the nation’s social programs.

30 Jan 2011

Cerrejon Mine Workers Vote in Favour of Strike Action

Cerrejon is a coal mining venture that BHP Billiton, Anglo American and Xstrata own in Colombia. Each company holds 33.3% of stake in the mine. The union of mine workers at the mine have voted in favour of a walkout over wage issues. The National Union of Coal Industry Workers represent 96% of the current employee strength at the mine.

From BHP Billiton Plc 30 Jan 2011

Norsemont Mining Reports Feasibility Study Results from Constancia Copper Project

Norsemont Mining Inc. (TSX: NOM, BVL: NOM) today announced the results of the Feasibility Study optimization on the Company's 100% owned Constancia Copper Project. Ausenco Solutions Canada Inc. led and prepared the FSO and related NI 43-101Technical Report.

From Norsemont Mining Inc. 29 Jan 2011

Olympus Pacific Minerals Hires Local Vietnamese Firm to Conduct Tests on Gold Dore Refining

Olympus Pacific Minerals Inc. (TSX:OYM)(ASX:OYM)(OTCBB:OLYMF)(FRANKFURT:OP6) has announced that it has engaged a local Vietnamese firm to conduct tests on refining our gold doré to 99.99% Au as a result of the imposition of a new 10% export tax on gold products testing below the aforementioned purity levels.

29 Jan 2011

Johnson Matthey Processes Second Gold Shipment from Razor Resources, Utah

RAZOR RESOURCES INC. (OTCBB:RZOR) announces that their second shipment of gold has now been processed through Johnson Matthey at their facility in Salt Lake City, Utah.

29 Jan 2011

Gold World Resources Completes Private Placement of 5,280,000 Units

Gold World Resources Inc. (GDW-TSX Venture) has announced the completion of the private placement of 5,280,000 units at $0.05 with each unit being comprised of one common share and ½ warrant; each full warrant comprised within the units is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share.

29 Jan 2011

Coalcorp Mining Signs Agreement with Formation Metals

Coalcorp Mining Inc. (TSX VENTURE:CCJ.H) announces that it has entered into an agreement with Formation Metals Inc. (TSX:FCO) for the prepayment by Formation of the 12% unsecured convertible debenture in the principal amount of $8 million issued by Formation to Coalcorp on May 6, 2010.

29 Jan 2011

Geomega Resources Closes First Tranche of Non-Brokered Private Placement

Geomega Resources Inc. announces the closing of a first tranche of a non-brokered private placement of units for proceeds of $900,000 with private investors and institutional funds. The securities issued under the Placement are subject to a four month hold period.

29 Jan 2011

Senior Gold Producers Income Submits Final Prospectus for Public Offering of Class A Shares

Brompton Funds Management Limited has announced that Senior Gold Producers Income Corp. has filed a final prospectus for a public offering of Class A shares at a price of $10.00 per Share and a maximum offering size of $125 million.

29 Jan 2011