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Stratabound Minerals Receives Initial Exploration Results from Captain Copper-Cobalt Deposit

Stratabound Minerals Corp. (TSXV: SB) has presented results of its initial exploration program on 50 claims optioned from Commander Resources Ltd. extending north from its Captain/CNE claim groups and CNE Mining Lease near Bathurst, New Brunswick.

17 Feb 2011

Southern Hemisphere Mining Reports Drilling Results from El Arrayan Copper Project in Chile

International mining company Southern Hemisphere Mining Limited (TSX VENTURE:SH)(ASX:SUH) has reported encouraging results from the initial 8-hole reverse circulation drilling program at one of its priority copper exploration projects in Chile, the El Arrayan Project, located in the highly prospective Coquimbo Region.

From Southern Hemisphere Mining Limited 17 Feb 2011

Rio Tinto Eyes Equinox Minerals

Rio Tinto may be focusing on Equinox Minerals as a takeover target. The mining giant is said to be looking at small to medium sized new acquisitions may be happy to get the pure copper play as per analysts at the Royal Bank of Scotland.

From Rio Tinto plc 16 Feb 2011

Australia Loses $60 BN in Mining Revenues

Australia will collect about $60 billion less in mining tax over the next ten years than previously predicted thanks to the changes made in the proposed mining tax last year prior to the elections. The treasury figures say that the original unhampered tax would have collected Australian $99 billion between the financial years of 2012/13 to 2020/21.

16 Feb 2011

Obama Proposes Hard Rock Mining Royalties

President Obama has submitted a new budget proposal to Congress that will charge royalties to mine some hard rock minerals. The budget proposes that new royalties on silver, gold and copper hard rock mining be levied. Then the states getting paid mineral revenues would need to pay back some of it to manage the costs of handling mineral releases.

16 Feb 2011

Azimut Exploration and Aurizon Mines Encounter High Tungsten Grades at Rex South Property

Azimut Exploration Inc. and Aurizon Mines Ltd. announce that high tungsten grades, up to 4.62% W, have been received for check analyses performed on 37 tungsten-bearing grab samples collected during the 2010 field program on the Rex South property, Nunavik, Quebec.

From Azimut Exploration Inc. 16 Feb 2011

Northgate Minerals Reports Updated NI 43-101 Resource Estimate for Kemess Underground Project

Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) has reported an updated NI 43-101 compliant resource estimate for the Kemess Underground Project, located five kilometres north of the Kemess South mine and milling complex in north-central British Columbia.

16 Feb 2011