Great Basin Gold Limited is a Vancouver based company that is hunting for funds in Canada to develop its South African gold project. The company needs $75 million capital to move its Burnstone gold mine to full production capacity.
By Joel Scanlon
6 Feb 2011
Swiss mining giant Xstrata has had a good year and its record production figures for last year support that claim. CEO Mick Davis is naturally pleased with the results, with increased production in coking coal, semi-soft coking coal, nickel and refined nickel leading the way. The company also saw increases in mined copper, lead in concentrate and ferrochrome.
By Joel Scanlon
6 Feb 2011
Xstrata has acquired the remaining 25% stake from Cape Lambert Resources in the Lady Loretta lead zinc project for $30 million. The deal sees Xstrata as the 100% owner of the mining resource post approvals which are expected in the coming months.
The Indian Prime Minster Mr Manmohan Singh announced a Group of Ministers (GoM) headed by Finance Minister Pranab Mukherjee to resolve the “no go” areas in the coal blocks.
The decision was applauded by t...
By Dr. Cameron Chai
6 Feb 2011
Iluka Resources survived the global financial crisis on the basis of its mining royalties from BHP Billiton.
Fronteer Gold shareholders will see the world’s second largest gold producing company, Newmont Mining Corporation, take over the company in a Canadian $2.3 billion deal. This will result in a new company called Pilot Gold.
North Atlantic Resources Ltd. (TSX VENTURE:NAC) has reported that its wholly-owned subsidiary company in the Republic of Mali, North Atlantic Resources SARL, has completed the Convention d'Etablissement for a new 100% owned, convention called Lankafla.
Prodigy Gold Incorporated (TSX VENTURE:PDG) has provided the following update and project timeline for its 100% owned Magino Mine gold project located in Ontario.
QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI)(STUTTGART:QMI) has provided an update on planned activities for the 2011 exploration campaign on its projects located in the Kirkland Lake gold camp.
Rainy River Resources Ltd. (TSX VENTURE:RR) and Northern Superior Resources Inc. (TSX VENTURE:SUP), announce final assay results from the 2010 Phase I diamond drill program and the commencement of their 2011 diamond drilling and geophysical exploration program.
Sierra Resource Group, Inc. has acquired a financing commitment, which the Company believes will enable it to begin the permitting process that is necessary prior to bringing the mine back into production.
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) Robert F. Baldock, the President and CEO of Yukon-Nevada Gold Corp., announces that the Company proposes to raise additional working capital by offering an incentive for the early exercise of eight series of unlisted outstanding share purchase warrants of the Company.
Imperial Metals Corporation (TSX:III), American Bullion Minerals Ltd., ("ABML") and Red Chris Development Company Ltd. has announced they have signed a definitive agreement under which RCDC will acquire all of the issued and outstanding common shares of ABML not presently owned by RCDC.
Talon Metals Corp. (TSX: TLO) has announced the initial results of the drilling program on Target Area 2 at its 100% owned Trairão Iron Project, located in Pará State, Brazil.
SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE:VIO) (FRANKFURT:VL5) announces that it has entered into a letter agreement with Aurvista Gold Corporation in connection with the acquisition by Aurvista of a 100% ownership interest in the Douay property, located in the Abitibi region of Québec.