Dale Ginn, CEO of San Gold Corporation (SGR:TSX || SGRCF:OTCQX) has reported that surface exploration step-out drilling has discovered a significant eastern extension to the 007 zone at a depth below surface of 260 meters (850 feet).
Sterling Group Ventures, Inc. (OTCBB:SGGV)(FRANKFURT:GD7) has reported that it has signed a letter of intent dated November 10, 2010 with Shimen Merchants Bureau to put into production the Shujiatai phosphate property located in Shimen County, Hunan Province, China.
Tanzania Minerals Corp. (TZM: TSX-V) (FRANKFURT: CA87600X1087) has announced the acquisition of two additional properties close to its Mrangi property, located in Northern Tanzania in the Lake Victoria Goldfield.
Timmins Gold (TSX VENTURE:TMM) has announced an increase in the Mineral Reserve and Mineral Resource estimate for its wholly owned San Francisco open pit gold mine located in northern Sonora, Mexico.
Trelawney Mining and Exploration Inc. (TSX VENTURE:TRR)(FRANKFURT:RTW) announces additional drill results from the Cote Lake Deposit on the Chester Project located halfway between Timmins and Sudbury in northern Ontario.
In what will be a historical case South African union mining workers have decided to sue the mine owning relative of President Jacob Zuma. A nephew of the South African president owns that Aurora Empowerment Systems firm. The firm is a black affirmative action investment company which has limited mining exposure.
By Dr. Cameron Chai
16 Nov 2010
Environmental concerns over seabed mining have risen again, this time at the seabed exploration of Groote Eylandt by the mining firm Groote Resources. The mining company has received an exploration licence to look for manganese in the area between the island and the mainland in the Gulf of Carpentaria in northeastern Australia.
By Joel Scanlon
16 Nov 2010
The African National Congress (ANC) is looking at the possibility of nationalizing the South African mining industry with the help of two independently appointed researchers. The irony of this decision is that they want mining companies to help fund the research.
By Joel Scanlon
16 Nov 2010
Nyrstar will take over Farallon Mining in a friendly deal for around $380 million. The European company has offered 80 cents per share for Farallon Mining after close of markets on Monday. The shares last traded at 78 cents on the Toronto Stock Exchange.
By Joel Scanlon
16 Nov 2010
The machinery and engine manufacturer Caterpillar has placed a $7.6 billion takeover bid for another equipment maker, Bucyrus. Currently Caterpillar produces heavy duty trucks and excavators. If the deal with Bucyrus goes through it will add giant electrical shovels and other mining equipment to its catalogue.
ALEXIS MINERALS CORPORATION has reported its third quarter 2010 Financial Statements and Management's Discussion and Analysis for the three month period ended September 30, 2010.
Century Mining Corporation (TSX VENTURE:CMM) reports its financial and operating results for the third quarter and nine months ending September 30, 2010.
Farallon Mining Ltd. (TSX:FAN) announces its financial and operating results for the three months ended September 30, 2010.
Genco Resources Ltd. (TSX:GGC) announces results for the financial period September 30, 2010.
Heatherdale Resources Ltd. (TSXV: HTR) announces a private placement of 6 million units in its capital at a price of $1.00 per unit for gross proceeds of $6.0 million to a number of investors, including Company insiders.