Argosy Minerals (ASX:AGY) is hoping to raise Australian $1.49 million via a placement of 14.9 million shares at a rate of $0.10 per share. The funds raised through the placement will be used to develop the iron ore prospects the company owns in Sierra Leone and also as working capital.
By Joel Scanlon
14 Feb 2011
BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.
Glencore International AG’s Mopani Copper Mines may have irregularities in tax submissions as per the director general of the Zambian revenue authority.
By Dr. Cameron Chai
14 Feb 2011
CALAIS RESOURCES, INC (Pink Sheets: CAAUF), a development stage mineral exploration company, is pleased to announce that SRK Consulting (U.S.), Inc. has completed Canadian National Instrument 43-101 compliant technical reports for each of Calais' mineral properties located in Colorado and Nevada.
Corazon Gold Corp. (TSX VENTURE:CGW) has announced that it has begun a 3000 metre core drilling program at its Santo Domingo property in central Nicaragua, located 10 kilometres east of B2Gold's La Libertad mine. Corazon has contracted Rodio Swissboring Nicaragua to complete this first phase of drilling.
Eagle Hill Exploration Corporation (TSX VENTURE:EAG) has announced that it has received assay results from an additional five drill holes from the Company's current 10,000 meter drill program.
Mandalay Resources Corporation (TSX: MND, MND.WT) announced today that it has launched a board-approved exploration program for 2011 totaling US$11.7 million and 91,000 metres across its portfolio.
Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has identified a second potential development project in the Bismarck Sea in Papua New Guinea, to follow its groundbreaking Solwara 1 project currently in the final stages of planning.
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.