Canadian explorer Rugby Mining (TSX:RUG) is to acquire up to 60% interest in the Comita porphyry copper gold project in Colombia. The company is entering into an agreement with Rio Tinto, which currently owns the project.
By Joel Scanlon
12 Oct 2010
Xstrata Technology's IsaMills have been selected for the new magnetite processing circuit being developed at Xstrata Copper's Ernest Henry Mine in Queensland, Australia. The new circuit is part of the planned upgrade at the minesite as it transforms its mining operations from open pit to underground mining.
India is looking abroad to secure its uranium supply by acquiring mines outside the country. With nuclear energy emerging as viable option which could help meets the growing needs of energy for the world it was important for India to be prepared.
By Joel Scanlon
12 Oct 2010
General Moly, the U.S. molybdenum producer, announced that it had been told by Sichuan Hanlong Group (Hanlong) that the Chinese company has received formal approval from the Chinese National Development and Reform Commission (NDRC) to invest in General Moly.
By Joel Scanlon
12 Oct 2010
The Rio Tinto and BHP Billiton iron ore joint venture in the Pilbara region is still a live issue despite recent claims that Rio Tinto is poised to abandon the project.
Westgold has completed a scoping study on its maiden JORC compliant 1.0M gold equivalent ounce resource at Rover 1 as a preliminary assessment of its commercial viability and to determine the requirements for detailed feasibility study estimates.
Terramin Australia (ASX:TZN) looks set to build its zinc mine in northern Algeria. The Tala Hamza zinc and lead project is located near Bejaia and will be the world's first block-cave zinc mine.
Big Bear Mining Corp. (OTC Bulletin Board: BGBR), a U.S. based exploration and development company focused on the acquisition and development of gold and other precious commodity projects, announced today the results from preliminary exploration in Red Lake Claims in Western Ontario.
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) has announced that it has entered into a Definitive Acquisition Agreement with Ra Resources Ltd. to acquire 100% of its outstanding securities.
MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) has announced that it has closed the non-brokered, private placement financing of $3,430,800 with HudBay Minerals Inc. (TSX:HBM) announced on October 6, 2010.
Pan American Goldfields Ltd (OTCBB:"MXOM") has announced that the installation of the ball mill and additional flotation capacity has been completed at the Cieneguita project mill in Chihuahua, Mexico by the Company's partner, Minera Rio Tinto.
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) has announced that it has intercepted 305 meters at 1.03 grams per tonne gold (1,000 feet at 0.030 oz per ton gold) including 174 meters at 1.35 grams per tonne gold (571 feet at 0.039 oz per ton gold) in hole SP10-016 at its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.
USPR, Inc. announced today additional assay results from the 2010 drilling program on the Company's Solidaridad project in the southern Michoacán province of Mexico.
Mr. Renaud Hinse, president and C.E.O. of Abcourt Mines Inc. (TSX VENTURE:ABI)(BERLIN:ABI)(FRANKFURT:ABI) has announced that excellent results have been obtained in surface diamond drilling at the east end of the Elder Gold Property.
Kingsman Resources Inc. (TSX VENTURE:KSM) has announced the start of a diamond drill program on their Luxor Molybdenum Project, located 27 kilometers northeast of Barriere, British Columbia. The diamond drill program should begin on or about October 15th. R.J. Beaupre Drilling Ltd. will carry out the drilling.