News Archive for Mining News

Drilling at Serra Intersects 7m @ 6.10g/t Gold at Coringa Project, Brazil

Magellan Minerals Ltd. (TSX VENTURE:MNM) (“Magellan”) is pleased to report results from thirteen additional drill holes from the Serra, Meio and Domingo zones at the Coringa project, Brazil. As with previous holes reported from the 2011 diamond drill program, these are all step-out and exploration holes aimed at expanding the existing resources of 269,450oz of gold in the measured and indicated categories (982,291t @ 8.53 g/t), and 98,224oz of gold in the inferred category (327,054t @ 9.34 g/t). Read more…

Chinalco Rio Tinto Exploration cleared to start business in China

The Rio Tinto and Chinalco joint venture (JV) for exploration in China – Chinalco Rio Tinto Exploration Co. Ltd. (CRTX) – has been officially registered as a business in China. Read more…

Cluff Gold announces significant resource increase at Baomahun

Cluff Gold plc (“Cluff Gold” or the “Company”) (AIM:CLF)(TSX:CFG), the dual AIM/TSX listed West African focused gold mining company, is pleased to announce the results of an independent mineral resource estimate for the Company’s 100% owned Baomahun Gold Project (“Baomahun”) in Sierra Leone. Read more…

Anglo American to divest minority interest in Palabora Mining Company

Anglo American announces that it will participate in the sale process initiated by Rio Tinto to dispose of both companies’ interests in Palabora Mining Company Limited (“Palabora”). Anglo American currently holds a 16.8% effective interest in Palabora. Rio Tinto holds an effective 57.7% in Palabora. Read more…

Peabody Energy and ArcelorMittal Submit All Cash Offer to Acquire Macarthur Coal

Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) today confirm that following the recent completion of due diligence they intend to launch an all-cash off-market takeover bid to acquire all the shares in Macarthur Coal Ltd (ASX: MCC). Read more…

Lundin Mining reports second quarter 2011 results

Lundin Mining Corporation (“Lundin Mining” or the “Company”) today reported net income of $57.7 million ($0.10 per share) for the second quarter of 2011, an increase of $15.4 million from the $42.3 million ($0.07 per share) for the second quarter of 2010. Read more…

Tiex Inc. exploration update on Its Quesnel trough properties, Central British Columbia, Canada

Tiex Inc. (“Tiex” or the “Company”) (TSX-V: TIX) is pleased to issue an update of its exploration work that the Company has initiated on its Horsefly Property in the Quesnel Trough area of central British Columbia. Read more…

Riva Announces Exploration and Drill Results for its Honey Camp Property

Riva Gold Corporation (TSX-V: RIV) (“Riva” or “the Company”) announces results from its mapping, trenching and diamond drill program on its Honey Camp Property.  Three historical vein systems, the Rainbow, Alma and Camp veins,  located within a 2.4 kilometre by 0.9 kilometre area on the Honey Camp Property (the “Area”), were tested by mapping and trenching followed by 16 diamond drill holes totalling 2,886 metres (of which two holes were abandoned due to poor ground conditions). Two additional historical vein systems within the Area, the Brian & Brenda and Sobers Hills veins, were examined by mapping and trenching. The five historic vein systems are all hosted in sheared, quartz-carbonate alteration zones, cross-cutting lavas, tuffs and sediments. Read more…

Arch Coal’s West Virginia Operations Earn Eight State Mine Safety Awards

Arch Coal, Inc. (NYSE: ACI) today announced that its mining subsidiaries earned eight statewide safety awards at West Virginia’s Annual State Council Meeting of the Joseph A. Holmes Safety Association. Read more…

Xinergy Announces Coal Supply Agreement with J.P. Morgan

Xinergy Ltd., (TSX: XRG and XRG.WT) (“Xinergy” or the “Company”), a US Central Appalachian producer of high quality coal, today announced that its wholly owned subsidiary, Xinergy Corp. has signed a long term coal supply agreement (the “Agreement”) with J.P. Morgan Ventures Energy Corporation (“J.P. Morgan”) for the delivery period beginning January 1, 2012 through December 31, 2014.  The Agreement indicates 2,160,000 total thermal tons or 720,000 tons per year from the company’s Raven Crest/Brier Creek mines in West Virginia. Read more…

Scorpio Mining Provides Exploration Update on its Projects in Mexico

Scorpio Mining Corporation (TSX: SPM) (“Scorpio Mining” or the “Corporation”) is pleased to provide an update on exploration activities at its projects in Mexico. The Corporation controls over 29,000 ha in the Cosalá district, Sinaloa, which is host to over 40 known exploration targets but is relatively unexplored by modern techniques. In addition, Scorpio Mining holds two advanced, high-grade silver properties in the Parral district, Chihuahua, that are drill-ready. Read more…

St. Eugene Responds to Announcement of Approach by Churchill Natural Resources Partners for Tartan Lake Gold Mine Project

St. Eugene Mining Corporation Limited (TSX VENTURE:SEM) (“St. Eugene” or the “Company”) announces that Churchill Natural Resources Partners (“Churchill”) has conditionally offered to purchase 100% of the Tartan Lake Mine gold property (“Tartan Lake”) from the Company in exchange for a cash payment of $4 million and a net smelter return royalty of 1% of production from Tartan Lake. Read more…

Argex Mining Announces NI 43-101 Compliant Technical Report Completed on La Blache

Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) Argex Mining Inc. has completed and released a NI 43-101 compliant Technical Report for the La Blache titanium project. The report is available now on SEDAR. Read more…

American Mining Corporation Completes Initial $500,000 payment to Win-Eldrich for Modification and Expansion of the Ashdown Mill

Win-Eldrich Gold Inc. (“WEG”), a wholly owned subsidiary of Win-Eldrich Mines Limited (“WEX”) (TSXV:V), and American Mining Corporation (“AMC”), a Nevada corporation (OTCQB: AMCM), are pleased to announce that AMC has completed the initial cash payment to WEG of US$500,000 with the support of its consultant Versatech Capital For Mining. On March 24, 2011, the two companies entered into a Letter of Intent (“LOI”) in which they agreed to create a new limited liability company (“LLC”) for the purpose of doubling the capacity of the 100 ton per day Ashdown milling facility in northern Nevada to 200 tons per day, and then sharing equally in the proceeds from contract milling for existing high grade gold resources in Nevada. To complete its 50% buy-in to the new LLC, AMC will contribute an additional US$1.5 million to WEX and purchase and move a 100 ton per day mill circuit to Ashdown facility, which will be installed by the new LLC. Read more…

Mawson West Announces Positive Feasibility Study for Kapulo Project

Mawson West Ltd. (TSX:MWE) (“Mawson” or the “Company”) is pleased to announce positive feasibility study results supporting the development of an open cut mine at its Kapulo copper project (the “Kapulo Project”) in the Democratic Republic of the Congo (“DRC”). The feasibility study was compiled by Coffey Mining Pty Ltd. (“Coffey”) with the participation and contribution of Sedgman Ltd. (“Sedgman”). Unless otherwise indicated, all figures are in US dollars. Read more…

Plateau Mineral to commence first phase of production at little prince mine property

Plateau Mineral Development, Inc. (“Plateau Metals”). (Pink Sheets: PMDP) announced today it has finalized the production schedule for its newly acquired Little Prince Mine located in the extremely rich north western slope of Breece Hill, Leadville, Colorado. The aggressive initial program calls for the immediate re-opening of the mine with production levels to the mill reaching sixty (60) tons a day with the first 12 to 18 months.  Read more…

Commerce Resources Corp. Drills 2.10% TREO over 586.92 metres including 3.00% TREO over 36.99 metres at the Eldor Property, Quebec

Commerce Resources Corp. (TSXV: CCE), (FSE: D7H), (OTCQX: CMRZF) (the “Company” or “Commerce”) is pleased to report the assay results for the first four of seven drill holes completed during the 2011 winter drilling program at the Ashram Rare Earth Element (“REE”) Zone at the Company’s Eldor Project in northern Quebec. Read more…

Northgate Minerals provides update on construction and exploration activities at Young-Davidson

Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to provide an update on the progress of building its 100% owned Young-Davidson mine located near the town of Matachewan, in northern Ontario. Read more…

California Gold Corp. commences 2011 exploration program at Gold-Tellurium Project in Sonora, Mexico

California Gold Corp. (the “Company” or “California Gold”) (OTCBB: CLGL) has commenced its 2011 exploration program at its AuroTelurio project near the city of Moctezuma in Sonora, Mexico. The Company can earn up to an 80% interest in this project by spending $US3-million over a four-year period on the exploration and development of concessions covering 18,840 acres (7,621 hectares) surrounding the holdings of First Solar, Inc., and other mining groups in three directions. Read more…

Grand Canyon area excluded from uranium claims

US secretary of the interior Ken Salazar has announced the withdrawal of 1 million acres of federal lands near the Grand Canyon National Park in the USA from hard rock mining claims for six months, prior to a planned 20-year exclusion. Read more…

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