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Trouble Brewing for Freeport-McMoRan in Indonesia

As the government of Indonesia renegotiates contracts for mining with multi-national miner Freeport-McMoRan Copper & Gold, there are demands to up the royalties that are earned from the mining company.

22 Feb 2012

Orvana Receives Draft Mining Permit for Michigan-based Copperwood Project

Orvana Minerals, a multi-mine copper and gold producer with assets in Michigan, Eastern Bolivia and Northern Spain has announced that the company has received the draft mining permit from the Michigan Department of Environmental Quality for the Michigan-based Copperwood copper project.

From Orvana Minerals Corp. 21 Feb 2012

Magma Metals Begins Winter Drilling Program at Thunder Bay North Project

Magma Metals announced that it has started a winter drilling program at the Thunder Bay North project located in northwest Ontario, Canada.

20 Feb 2012

Miocene Metals Extends Size of MacKenzie Copper-Gold Property

Miocene Metals has declared the extension of the MacKenzie property size by eight times from 36.3 to 299.03 sq. km, after receiving the 2011 summer work program results.

20 Feb 2012

RBA Says Mining Boom Good for All Australia

As per the Reserve Bank of Australia’s Deputy Governor, the mining boom has benefited more than just Western Australia and Queensland.

19 Feb 2012

Strait Gold Receives Approval for Drilling Program at Alicia Project

Strait Gold has announced that Teck Peru, a subsidiary of Teck Resources, has given the approval for a primary 15 hole drilling program at its Alicia project in Peru. The total cost of the exploration is $2 million. Based on the results, the company has planned to drill additional 30 holes.

17 Feb 2012

Nevsun Resources Reports Final Assays from Hanging Wall Copper Zone

Nevsun Resources has announced the assay results from the last thirty-five infill holes drilled at the hanging wall copper zone, which is located in its Bisha mining license, Eritrea. The location of the hanging wall copper zone is immediately towards the western part of the Bisha Main deposit.

17 Feb 2012

Bonaparte Resources Reports 2011 Surface Exploration Results from Hooch Property in Yukon

Bonaparte Resources has declared results from the 2011 surface exploration program conducted at its Hooch property in southwest Yukon. This property is located 25 km south-southeast of the Hopper property and 14 km east of the Aishihik Lake road.

17 Feb 2012

Significant Copper and Silver Deposits in the Lions Gate Property

Lions Gate Metals has confirmed the continuous availability of copper and silver mineralization in the depth and length of the Main and East zones of the Poplar Copper-Gold-Silver Porphyry Property.

15 Feb 2012

Himalayan Capital Begins Phase I Drill Program at La Higuera Project

Himalayan Capital, a mineral exploration company, has begun the phase I drill program at its La Higuera copper-gold project, Chile. The drilling program has been accelerated, as it was suggested in the Himalayan’s NI 43-101 technical report regarding the property.

15 Feb 2012