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Vedanta Resources Acquires Anglo American Zinc Mine

Vedanta Resources plc (LSE:VED) has bought the Skorpion zinc mine in Namibia from Anglo American group. The $707 million deal is part of the Anglo American sale of its zinc portfolio announced earlier in the year.

From Vedanta Resources plc 7 Dec 2010

Queensland Coal Mines Affected by Heavy Rains

Mines in Queensland, Australia are being affected by flooding caused by heavy rain over the east coast of Australia. With ten years of drought the mining companies had not planned for water management in case of floods. Now the coal mines in the region are flooded and looking more like dams.

7 Dec 2010

Fly in Fly Out Work Brings Violence to Local Communities

There seems to be a higher degree of violence in areas where miners work on a ‘fly in and fly’ out basis in Australia. As per research conducted in Queensland and Western Australia there are more cases of violent assaults in the mining community here than in other states.

7 Dec 2010

Estrella Gold, Cliffs Natural Resources Join to Explore Pampa Poroma Project in Peru

Estrella Gold Corporation (TSX VENTURE:EST) has announced the establishment of a Joint Venture with Cliffs Natural Resources Exploration Inc. for the exploration and potential development of the Company's Pampa Poroma Iron Oxide Copper Gold project in Peru.

7 Dec 2010

Viper Gold Encounters High Grade Gold Values from Corongo Property in Peru

Viper Gold Ltd. (TSX VENTURE:VPR) has reported that it has completed the Phase II exploration program on the Corongo Au-Ag Property located in the Department of Ancash in Peru with final assay results from the Descubridora Zone.

7 Dec 2010

Uragold Bay Resources Buys 26 Claims in Armstrong Gold Property, Quebec

Uragold Bay Resources Inc. (TSX VENTURE:UBR), has announced it has completed the acquisition of 100% interest in 26 claims by map staking and through an exchange of claims with a private vendor for the Armstrong Property.

From HPQ Silicon Inc. 7 Dec 2010

Quantum Rare Earth Developments Assigns Fugro Airborne Surveys for Elk Creek Carbonatite Survey

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK SHEETS:QREDF)(FRANKFURT;BR3) has announced that it has retained the services of Fugro Airborne Surveys Corp. of Ottawa, Ontario for a high-resolution airborne gravity and magnetic survey of the Elk Creek Carbonatite, located in southeast Nebraska.

7 Dec 2010

Thunder Mountain Gold Options to Buy Prospective Cobalt/Gold Property in Idaho

Thunder Mountain Gold, Inc. (OTC Bulletin Board: THMG; TSX-V: THM), a U.S.-based exploration company focused on discovering and defining high grade, high quality precious and base metal resources, announced today that it has optioned a prospective cobalt/gold property in the Idaho Cobalt Belt Trend, located 15 miles southeast of Formation Metal's cobalt project in Lemhi County, Idaho.

From Thunder Mountain Gold Inc. 7 Dec 2010

Salazar Resources Buys Mariana S.A. Comador in Ecuador

Salazar Resources Ltd. (TSX VENTURE:SRL)(FRANKFURT:CCG) - Mr. Fredy Salazar, President and CEO, has announced that Salazar Resources Ltd. has acquired 100% of the shares of Mariana S.A. Comador including its 100% ownership of the 2350 hectare Santiago concession located in the Province of Loja.

From Salazar Resources Ltd. 7 Dec 2010