Intergra Mining (ASX:IGR) has raised $40 million in a placement of 83.3 million shares priced at 48 cents a piece. The placement was majorly oversubscribed and it was managed by BBY Limited. Integra Mining was first listed in the Australian Stock Exchange in 2001.
By Joel Scanlon
22 Feb 2011
The deal for the project located in the James Bay region in northern Quebec was approved of by the Grand Council of Crees and the Cree Regional Authority unanimously on February 3. This was a week after the deal was formally approved of by the Waskaganish community.
Taseko Mines Limited (TSX: TKO) (NYSE Amex: TGB) has reported that it has submitted a new Project Description for its Prosperity Gold-Copper Project with the Government of Canada.
Minera IRL Limited, (TSX:IRL) (AIM:MIRL) (BVLAC:MIRL) the Latin American focused gold mining, development and exploration company, announces the results of scout drilling at the Pan de Azucar prospect in Patagonia, Argentina.
Innocent Inc. (OTCBB: INCT) has announced it has entered into a material definitive agreement with Steele Resources, Inc. (OTCBB: SELR) to acquire 50% of the Mineral Hill Gold Exploration Project.
Sunridge Gold Corp. (TSX VENTURE:SGC) has announced that, as part of a recently announced prefeasibility study on the Asmara North deposits, the Company has started an 8,500 meter drilling program at the Emba Derho copper-zinc-gold deposit.
Norsemont Mining Inc. (TSX: NOM, BVL: NOM) today announced the filing on SEDAR of a Technical Report required under National Instrument 43-101 in respect of the Feasibility Study Optimization for the Company's Constancia copper-molybdenum-silver porphyry project in southern Peru.
Greg Myers, Ph.D., President and CEO of Caza Gold Corp. (TSX VENTURE:CZY)(FRANKFURT:CZ6), has announced that the Company has identified and acquired by staking 100% interests in eleven new properties covering multiple large hydrothermal alteration zones similar in size and nature to the high sulfidation gold alteration system found on the Company's Los Andes gold property in Nicaragua.
Extract Resources and Rio Tinto are talking about developing the Husab Uranium project owned by Extract Resources in Nambia jointly with Rio’s nearby Rossing Uranium mine. The Australian company said that it would be able to capture potential synergies if this were to happen.
Centamin Egypt Limited ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY), the gold mining group with operations in Egypt, notes the press speculation with regard to operations at its Sukari mine.
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BHP Billiton Chief Executive Officer Marius Kloppers thinks that making acquisitions is still very much on the cards for the mining giant. Its hostile takeover bid for Rio Tinto in 2008 may not have worked and its PotashCorp takeover bid may have been shot down by the Canadian government but they are still looking forward to new opportunities.
A petition to oppose a 100% 'fly-in, fly-out' mine in the Central Highlands, Queensland has been tabled by Ted Malone the member for Mirani.
By Dr. Cameron Chai
21 Feb 2011
With record profits announced by BHP Billiton and the alleged loss of tax funds due to the renegotiation of the new mining tax, there has been a call by the Australian Greens to impose a higher tax on mining companies.
In Peru there has been a strong crackdown on illegal mining activities. The nation’s security forces launched a planned offensive this weekend against illegal gold mining that is constantly damaging the Amazon habitat.
By Joel Scanlon
21 Feb 2011
As announced on December 13, 2010, Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) signed a non-binding term sheet with a major copper mining company in relation to its KSK Contract of Work copper project in Kalimantan, Indonesia.