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Cudeco Raises $20 Million via Sophisticated Global Investor

Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.

24 Sep 2010

Mandalay Resources Begins Operations at Cerro Bayo, Chile

Mandalay Resources Corp (TSX: MND, MND.WT) has reported that it has begun mining operations at the Chilean mine Cerro Bayo.

From Mandalay Resources Corporation 19 Sep 2010

Gold Futures Power Ahead

No matter what the analysts say about a fake boom, gold seems to be on the rise in the current global economic climate. The price of gold futures in the US rose to a record high for the second time in this week as many investors use it as an insurance against turbulent economy in the world of finance.

19 Sep 2010

Goldcliff Resource Corp Upbeat on Copper Mountain Potential

The company holds 20,503 hectares of land in the Tulameen region near Princeton in British Colombia. This is a combination of 56 mineral claims. The project property is an ideal geological setting for a copper gold mine.

From Goldcliff Resource Corporation 15 Sep 2010

CGA Mining to Expand Production at Masbate Gold Mine

CGA Mining Ltd is looking forward to an increased production from its Masbate gold mine in the Philippines. The processing plant was originally designed to operate at a rate of 4 million tonnes per annum but a recent investment in it is likely to increase the throughput to 6.5 million tonnes per annum.

15 Sep 2010

Rio Tinto Increases Stake in Ivanhoe Mines

Rio Tinto announced that it is increasing its stake in Ivanhoe Mines, a Canadian mineral exploration and development company which is currently developing the world's largest undeveloped copper-gold project in the South Gobi region of Mongolia.

From Ivanhoe Mines Ltd 14 Sep 2010

Caerus Resources Reports on El Cafatel Gold Mine in Colombia

Caerus Resources Corporation (TSX VENTURE:CA) provided an exploration update on its El Cafatel Gold Mine in Colombia.

From Resource Exploration 14 Sep 2010

Ivanhoe's Oyu Tolgoi Mine in Mongolia on Schedule

The construction of Ivanhoe's Oyu Tolgoi Copper Gold complex in Mongolia is proceeding as per schedule. The President and Chief Executive Officer of Ivanhoe Mines Ltd. John Macken said that the successful ramp up to full scale construction was a remarkable achievement by the project's workforce and contractors.

From Ivanhoe Mines Ltd 8 Sep 2010

Eldorado Gold Withdraws Offer for Andean Resources

Eldorado Gold Corporation has withdrawn its takeover bid for Andean Resources. The Canadian gold mining company's president and chief executive Paul Wright made the announcement on Wednesday.

From Eldorado Gold Corporation 8 Sep 2010

Zijin Mining Group Calls Off Platmin Congo Acquisition

The Zijin Mining Group Company has called off the acquisition of Platmin Congo Ltd. after it was saddled with regulatory probes in China over a recent toxic spill.

7 Sep 2010