BACANORA MINERALS LTD. (TSX VENTURE:BCN) has announced the initiation of a drilling campaign in the recently acquired lithium project of "La Ventana", located in eastern Sonora, Mexico.
The world's biggest aluminium and alumina producer, RUSAL has partnered with Indian company Gujarat Foils Ltd. to set up an alumina refinery and aluminium smelter in the Kutch district of Gujarat state, India. The total investment in this endeavour will add up to 140 billion rupees.
By Joel Scanlon
30 Nov 2010
The company is believed to have acquired a 37% stake in the Vlakplaats coal mining project for US$ 13.8 million from the Australian company Continental Coal.
By Joel Scanlon
30 Nov 2010
Rubicon Minerals Corp saw its share price rise more than 33% as it reported that the Phoenix gold project of the company may have up to 4 million ounces of gold. Located in Red Lake in Ontario the deposit is close to Goldcorp’s Red Lake mine in north western Ontario.
By Dr. Cameron Chai
30 Nov 2010
Yamana Gold has said that it is likely to boost production at two new gold mines it owns. New discoveries made during exploration may raise the level of the production estimated at the feasibility study stage.
By Dr. Cameron Chai
30 Nov 2010
Work at the St Andrew Goldfields Ltd owned Holt gold mine has come to a halt. The mine located east of Timmins in Ontario was damaged in part in an accident on Friday afternoon. No mine workers were injured in the accident.
Leucadia National Corporation (LUK - NYSE) announced today that it has reached a binding agreement with Inmet Mining Corporation (IMN - TSX) providing for the acquisition by Inmet of Leucadia's 30% indirect equity interest in and subordinated sponsor loans to the Cobre Las Cruces copper mining project for total value of US$480 million.
European Goldfields Limited (AIM: EGU / TSX: EGU) has announced highly encouraging exploration results from its initial drilling programme in Turkey.
Rio Tinto has enhanced its strong iron ore position, with new drilling results and ongoing assessment of assets in the Pilbara revealing a 2.0 billion tonne addition to the Mineral Resource base.
New Pacific Metals Corp. (TSX VENTURE:NUX) announces its unaudited consolidated financial results for the first quarter ended September 30, 2010.
Minera IRL Limited (TSX:IRL)(AIM:MIRL)(BVLAC:MIRL) the Latin American focused gold mining, development and exploration company, has announced a resource upgrade at the contiguous Minapampa and Minapampa East Zones, Ollachea Project, Southern Peru.
Golden Peaks Resources Ltd. (TSX: GL) has reported that it has received conditional acceptance for the acquisition of Indonesian-focused gold exploration company Reliance Resources Limited.
Skyline Gold Corporation (TSX VENTURE:SK), a company engaged in exploration for high grade gold deposits and development of its Bronson Slope project at the Snip Gold Mine camp in north western British Columbia's 'Golden Triangle', has announced that it has received TSX-Venture Exchange approval to acquire 8,775 hectares of mineral tenures from St. Andrew Goldfields Ltd. adjacent and near the Company's current tenure holdings in return for total payment of $1,406,000 in common shares or a combination of common shares and cash.
Peregrine Metals Ltd. (TSX:PGM) has announced the SEDAR filing of the Technical Report- Altar Project, San Juan Province, Argentina, dated October 4, 2010.
Pure Nickel Inc. (TSX: NIC, OTCBB: PNCKF) today reported that its option partner in central Manitoba on the Tower Property, Rockcliff Resources Inc. (TSXV: RCR), has announced that the preliminary drilling has continued to intersect high grade copper-gold mineralization.