HUDSON RESOURCES INC. (TSX VENTURE:HUD)(OTCQX:HUDRF) has announced the discovery of a new zone of high-grade rare earth mineralization at the ST19 Zone, located nine kilometers south of the flagship ST1 Zone on the Company's Sarfartoq Rare Earth Element Project in Western Greenland.
HARTE GOLD CORP. (TSX VENTURE:HRT)(FRANKFURT:H4O) has announced that it has confirmed a new gold discovery on its Sugar Zone Property located 60 kilometres east of the Hemlo Gold Camp in Ontario, Canada.
First Majestic Silver Corp. (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) has announced the closing today of the acquisition of all the real estate interestsincluding the original mill and infrastructure and underlying royalties and bonuses which were associated with the Real de Catorce Silver Project in San Luis Potosi State, Mexico.
GlobeStar Mining Corporation (TSX:GMI) today announced the latest results from its ongoing diamond drilling program at the Cerro de Maimón Mine.
BMB Munai, Inc. (NYSE Amex: KAZ) announced today that oil production has commenced from a directional wellbore, drilled on the Kariman-3 well.
Adventure Gold Inc. (TSX VENTURE:AGE) has announced the initial results of prospecting work and mapping carried out recently on its wholly-owned Granada Extension property which is located along the Cadillac - Larder Lake Fault in the southern part of the Rouyn-Noranda mining camp, Quebec.
Banro Corporation (NYSE AMEX - "BAA"; TSX - "BAA") reports that construction of its wholly-owned Twangiza "Phase I" gold mine in South Kivu Province, Democratic Republic of the Congo, is proceeding quickly and that the Company remains on schedule to begin commercial production in the fourth quarter of 2011.
Jaxon Minerals Inc. reports that the 2010 diamond drill core program has commenced at the Nox Fort Project near Salmo, B.C.
Buchans Minerals Corporation (BMC-TSX-V) has announced that it has commenced a 2,100 metre drill program on its Buchans North high grade massive sulphide prospect.
Alexandria Minerals Corporation (TSX-V: AZX; Frankfurt: A9D) reports today on assay results from six holes on its Akasaba Au-Ag project in Val d'Or, Quebec, including a high grade intersection, in hole IAX-10-88, of 11.65 g/t Au over 0.75 m, as part of a wider intersection grading 2.14 g/t Au over 9.0 m at a shallow 175 m depth.
African Gold Group, Inc., (TSX VENTURE:AGG) has reported the analytical results for 23 near surface (oxide) reverse circulation drill holes from AGG's Kobada, Mali gold project.
ArcelorMittal has offered $433 million to Baffinland Iron in a deal which is favourably viewed by both the board and major shareholders.
By Joel Scanlon
10 Nov 2010
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).
By Joel Scanlon
10 Nov 2010
The Royal Bafokeng nation is delighted to see one of its companies, Royal Bafokeng Platinum Company, listed on the Johannesburg Stock Exchange. It is a South African mining company which is owned by an ethnic group that lives in north of the country. The Platinum mining company saw its stock shoot up on the first day of trading raising nearly $440 million.
By Joel Scanlon
10 Nov 2010
The brilliant rescue of 33 miners in Chile made headlines just a few weeks ago, but mine workers were not quite as lucky at the San Esteban Mining Company’s copper mine Los Reyes in Chile. Located in the same region a few kilometres away the mine lost two workers in an explosion and subsequent cave in.
By Joel Scanlon
10 Nov 2010