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Xstrata Bids for Australian Iron Ore Co. Sphere Minerals

Xstrata is keen on setting up a global iron ore unit as it looks to making more acquisitions. The company has begun the process of creating its own iron ore division by making a US$520 million bid for Sphere Minerals Ltd (ASX:SPH).

10 Nov 2010

Mine Expansions Create Boom in Mt Isa

The expansion of the George Fisher mine in Queensland, Australia may cost $274 million, but will also provide the Mount Isa region with hundreds of jobs. The zinc mine is one of the largest in the world and is owned by Xstrata. Located in north west Queensland the mine is hoping to produce 30% more zinc after the expansion by 2013.

10 Nov 2010

Sandstorm Resources Signs Purchase Agreement with Brigus Gold for Black Fox Gold Mine

Sandstorm Resources Ltd. (TSX VENTURE:SSL) has announced that it has entered into a gold purchase agreement with Brigus Gold Corp. (TSX: BRD).

From Sandstorm Gold Royalties 10 Nov 2010

Aurion Resources Signs Agreement with Genesis Gold to Buy New Property in Nevada

Aurion Resources Ltd. (TSX VENTURE:AU) reports that it has acquired a new gold property, called Logan Pass, in Lincoln County, Nevada.

10 Nov 2010

American Paramount Gold Seeks Acquisition of Kisita Gold Mine Property in Uganda

American Paramount Gold Corp. (OTCBB: APGA) announced today that they have entered into a letter of intent to acquire the Kisita Gold Mine Property, an operational gold property four hours northwest of the capital city of Kampala in Uganda.

10 Nov 2010

Klondike Gold to Secure $2 Million from Private Placement; to Use Proceedings for Drilling at Irishman Project

KLONDIKE GOLD CORP. (TSX VENTURE:KG) has announced that it proposes to raise up to $2,000,000 by way of a brokered private placement through the issuance of up to 10,000,000 units at a price of $0.20 per unit.

From Klondike Gold Corp. 9 Nov 2010

Ivernia Reports Higher Revenue in Q3 2010

Ivernia Inc. (TSX:IVW) today reported revenue of $37.3 million for the third quarter of 2010, compared to $0.2 million for the same period last year.

9 Nov 2010

Golden Star Resources Q3 Gold Sales Decreases

Golden Star Resources Ltd. (TSX:GSC)(NYSE Amex:GSS)(GSE:GSR) has reported its third quarter financial and operational results for 2010.

From Golden Star Resources Ltd. 9 Nov 2010

Gold Hawk Resources to Invest Private Placement Proceedings on Oracle Ridge Copper Mine Property

Gold Hawk Resources Inc. (TSX VENTURE:GHK) announces today that it closed a non-brokered private placement for 6,000,000 common shares at a subscription price of $1.25 per common share, for aggregate gross proceeds of $7.5 million.

9 Nov 2010

Frontier Rare Earths Signs Underwriting Agreement for Initial Public Offering

Frontier Rare Earths Limited today announced that it has filed a final prospectus with the securities regulatory authorities in each of the provinces and territories of Canada other than Québec in connection with the proposed initial public offering of units by Frontier.

9 Nov 2010

Mining Business News

Xstrata Bids for Australian Iron Ore Co. Sphere Minerals

Mine Expansions Create Boom in Mt Isa

Sandstorm Resources Signs Purchase Agreement with Brigus Gold for Black Fox Gold Mine

Aurion Resources Signs Agreement with Genesis Gold to Buy New Property in Nevada

American Paramount Gold Seeks Acquisition of Kisita Gold Mine Property in Uganda

Klondike Gold to Secure $2 Million from Private Placement; to Use Proceedings for Drilling at Irishman Project

Ivernia Reports Higher Revenue in Q3 2010

Golden Star Resources Q3 Gold Sales Decreases

Gold Hawk Resources to Invest Private Placement Proceedings on Oracle Ridge Copper Mine Property

Frontier Rare Earths Signs Underwriting Agreement for Initial Public Offering

Scientific Review Exposes Critical Risks in Deep-Sea Mining Proposals

Deep Sea Conservation Coalition Responds to Trump Administration’s Push for Fast-Tracked Deep-Sea Mining

STRIKING GOLD! Diamond Drilling Unearths Grades of 17,240 g/t GOLD at the Crown Prince Gold Project Near Meekatharra, WA

American Pacific Commences Drill Program at the Madison Copper-Gold Project in Montana

New Study Reveals How Geometallurgy is Reshaping Sustainable Gold Mining

Predicting Coal and Rock Mass Strength with Drilling Signals: An AdaBoost Approach

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Thermo Scientific™ ARL™ X900 Simultaneous/Sequential XRF Spectrometer

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