QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI) has announced results from an additional 15 diamond drill holes (1,307 m) completed on the 100% owned Bidgood property located in Lebel Township, Kirkland Lake, Ontario.
Orosur Mining Inc. (TSX-V:OMI)(AIM: OMI), a South American-focused gold producer and explorer, announces an exploration update for its Chilean and Uruguayan exploration programs.
Riverside Resources Inc. (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT:R99) has announced that BCY Resources Inc. (TSX VENTURE:BCY) and Riversides Resources Inc. have entered into an option agreement whereby BCY can acquire a seventy-five percent (75%) interest in Riverside's 100% owned Catrina, Escondida, and Pedernal projects, located in Durango and Zacatecas, Mexico (collectively the "Durango Properties").
Batero Gold Corp. has announced the initiation of preliminary metallurgical testing by G & T Metallurgical Services Ltd at Batero's 100%-owned Batero-Quinchia project in Risaralda, Colombia. G & T Metallurgical has been chosen as the preferred partner due to its experience and reputation for excellence.
Did you ever want to experience the working conditions of a mine without actually having to work in one? Now a museum in Leicestershire may be able to provide tourists with just that experience. Some ex-coal miners are helping the Snibston Discover Museum in Coalville recreate a coal face and pit pony stable as part of its popular colliery tour.
By Joel Scanlon
13 Feb 2011
South Africa may be scaring its mining community with talks of the nationalization of mines but global diamond mining and trading giant De Beers is not bothered. The South African unit of the world’s largest diamond producing company is confident that a 10 billion Rand mine expansion project will be approved by the government.
By Dr. Cameron Chai
13 Feb 2011
Goldcorp Inc. sold its 10.1 % stake in Osisko Mining Corp for $13.75 a share amounting to a total of $530 million in cash. The stock of the company went up by 1% after the announcement.
Colombia is riding high on the new set of international investments in its gold bullion resources with a number of Canadian junior miners entering the field. In fact gold is generating more revenue for the country than its signature cash crop of coffee.
By Joel Scanlon
13 Feb 2011
Rio Tinto is to invest $1.2 billion to expand mining operations in Australia and Canada. The mining giant intends to spend $933 million on the Marandoo iron ore mine in Australia to prolong its life by another 16 years till 2030. Another $277 million will be invested in the Iron Ore Company of Canada to raise concentrate production capacity by 40% to 26 million tonnes annually.
The Brazilian Mining Industry is going to see legal changes to the old 1968 mining code. The changes would be along the lines of the oil legislation which was passed over the last 15 years taking Brazil from being an importer of oil to a net exporter of petroleum products. The plan is being named the National Mining Plan 2030.
By Dr. Cameron Chai
13 Feb 2011
Americas Energy Company-AECo (OTCBB: AENY) has announced that Recoal, LLC has agreed to operate as one of our contract surface miners on both our Artemus Project and Hwy 92 Project in Southeast Kentucky.
Dutch Gold Resources, Inc. (Pink Sheets:DGRI) today announced that State of Montana Department of Environmental Quality issued the company an exploration license for its Basin Gulch project. Drilling will commence in March 2011.
New Gold Inc. (TSX and NYSE AMEX: NGD) today announces that Goldcorp Inc., its 70% joint venture partner in the El Morro project, has updated the reserves and resources for the project as of December 31, 2010.
Red Metal Resources Ltd. (OTCBB:RMES), a mineral exploration company with copper-gold assets in Chile, today announced a summary of grade results from a contract surface mining program at the Irene showing, part of Red Metal's Mateo project in Chile's highly prospective iron oxide copper-gold belt.
Sage Gold Inc. (TSX VENTURE:SGX) has completed six drill holes of the 12 drill hole program in the first phase of drilling on the western extension at the Clavos mine in Timmins, Ontario.