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Extract Resources Seeks Clarification from Namibia

Extract Resources is a uranium explorer hoping to conduct business in Namibia. The company has said that it will be seeking clarification from the Namibian government on comments that were made by it regarding plans to assign almost all mining and exploration rights to the state owned mining company.

1 May 2011

INV Metals Updates on Exploration Drilling at Rio Novo and Itaporã Properties

INV Metals has announced an update on exploration at the Rio Novo property in the Carajás County, Brazil and the Itaporã property in the Pará state, Brazil.

30 Apr 2011

Wildcat Silver Releases Additional Assay Results from Hermosa Property

Wildcat Silver has released two additional step-out hole results from its Hermosa property in Santa Cruz County, Arizona.

27 Apr 2011

Barrick Gold Acquires Equinox

In a bid to diversify and grow Barrick Gold has stepped into the copper market by masterminding a $7.14 billion aquisition of Equinox Minerals. In a move that shook up the mining industry the Canadian miner said that it was planning to expand its potential gold and copper reserves by buying Equinox Minerals on Tuesday. This puts rest to Minmetals’s takeover bid for the company which was of $7.3 billion value.

From Lundin Mining Corporation 26 Apr 2011

Cadan Resources Completes Definition Drilling at Comval Property

Cadan Resources has completed resource definition drilling at its Tagpura porphyry skarn, which is present on the Comval property in East Mindanao, Philippines.

25 Apr 2011

Indicator Minerals Begins 5,000m Drilling Program at Mohave Copper Project

Indicator Minerals has begun a 5,000m core drilling campaign at its Mohave Copper Project, which is situated in north-western Arizona.

25 Apr 2011

Western Sierra Mining Signs Tentative Agreement to Expand Silver Cord Mine

Western Sierra Mining had signed a tentative agreement with the owners in order to develop the Silver Cord mine, which is situated in central Arizona.

From Western Sierra Resource Corporation 25 Apr 2011

Quadra FNX Mining Discovers High Grade Copper at Sudbury

Quadra FNX Mining Ltd proclaimed the discovery of a significant resource at its Victoria copper and nickel project. The project located in Sudbury is stated to have about 3.4 billion pounds of contained copper with higher than usual grades found in the district.

21 Apr 2011

Namibia Expecting $3.5 Billion Mining Investments

Namibia is expecting about $3.5 billion worth of investments into its mining sector over the coming five years. As per the Mines and Energy Minister Isak Katali, the mining industry accounts for 15% of its total economic output in terms of GDP in the financial year ending March 2011.

21 Apr 2011

Mongolia All Set for Mining Boom

Mongolia is now set to make its mark on the global mining stage. The nascent industry has been receiving expressions of interest from international investors ever since the riches beneath the Gobi desert have been discovered.

21 Apr 2011