La Preciosa coal mine located in north-eastern Colombia saw an explosion rip through it killing 17 miners. Six miners who survived had serious injuries and four more are missing in the mine, feared dead.
By Dr. Cameron Chai
30 Jan 2011
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.
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.
By Joel Scanlon
30 Jan 2011
Horseshoe Metals Limited has reported that in the phase 2 drilling at its Horseshoe Lights project it had intersected a high grade of copper ore.
By Joel Scanlon
30 Jan 2011
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.
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.
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.
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.
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.
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.
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.
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.
U3O8 Corp. (TSX VENTURE:UWE) has announced that due to strong investor demand for its recently announced private placement of Units, the Company and the Underwriters have agreed to increase the size of the Offering by approximately C$2.8 million.
Gulf Shores Resources Ltd. (TSX VENTURE:GUL)(FRANKFURT:GFU) has entered into an arms length agreement with Crown Point Ventures Ltd. whereby the Company will purchase Crown Point's 47.5% interest in 2,328 acres of Petroleum & Natural Gas rights in the Wapella area of South-East Saskatchewan for a purchase price of CDN$280,000.
Crazy Horse Resources Inc. (TSX VENTURE:CZH) announces that it has completed its brokered private placement announced January 10, 2011 and has issued 8,000,000 common shares, at a price of $1.25 per Share, for aggregate gross proceeds of $10,000,000.