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Peel Exploration Upbeat on New Discoveries

Peel Exploration Managing Director Rob Tyson is excited about a significant deposit that may be found in the historic May Day mine.

20 Jul 2010

Rio Tinto, Ivanhoe Mines Tussle Over Mongolian Deposit

Rio Tinto wants more than to be a side line partner for Ivanhoe Mines in Mongolia. The Canadian miner Ivanhoe was assisted by Rio to end lengthy and complicated 5 year old negotiations under Mongolian mining law for the largest undeveloped copper deposit in the world.

From Ivanhoe Mines Ltd 20 Jul 2010

Bendigo Mining to Ramp up Exploration Activities

Tasmanian Gold mines are investing more dollars into expanding their exploration activities. The Henty Gold Mine in the north west of Tasmania has 3 exploration licenses covering more than 12 km.

20 Jul 2010

Sichuan Taifeng to Increase Stake in IMX Resources

Sichuan Taifeng has received approval to increase its stake in IMX Resources (ASX:IXR). The Chinese company will also invest in a South Australian iron ore, copper and gold mine. The Foreign Investment Review Board has a...

12 Jul 2010

Taseko Mines Steps Closer to Williams Lake Approval

Vancouver-based Taseko Mines (TSX: TKO, NYSE AMEX: TGB) awaits the British Columbia government’s approval for its proposed open pit mine. The CEO Russell Hallbauer predicted that the cabinet will have a decision on the proposed mining project after it reviewed the environmental threats.

From Taseko Mines Limited 7 Jul 2010

Heemskirk Consolidated Offers $84M for North Queensland Metals

Heemskirk Consolidated Ltd.(ASX: HSK) has offered North Queensland Metals Ltd. (ASX: NQM) a takeover bid valued at $84 million. An offer which the North Queensland Metals Ltd. is urging its shareholders to accept. This o...

6 Jul 2010

Essakane Gold Mine in Burkina Faso Comes Online

The Essakane gold mine in Burkina Faso has been started up by IamGold Corp. six months prior to the planned date of year end 2010. It is the first greenfield project built by IamGold in Africa.

From Iamgold Corp. 5 Jul 2010

Aussie Mining Giants Happy with New Tax Proposal

The big mining companies in Australia have been expressing their approval of the government's cut in the proposed Resources Super Profits Tax. The new compromise tax has been redesigned and renamed under Prime Minste...

From Fortescue Metals Group Ltd 4 Jul 2010

Out With RSPT and in With Minerals Resources Rent Tax

In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has been modified to a 3...

From BHP Billiton Plc 4 Jul 2010