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MacDonald Mines to Start 6,000 Meter Drilling Program at Butler Lake and Semple-Hulbert Properties

MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) has announced it will commence a 6,000 meter diamond drill program on its Butler Lake and Semple-Hulbert Properties in the James Bay Lowlands of Northern Ontario.

From MacDonald Mines Exploration Ltd. 15 Feb 2011

Andina Copper Mine Resumes Full Production

The Andina Copper mine in Chile has resumed full production with mine workers returning to work after heavy rainfall and landslides had prevented access on Feb 11. The state owned mine in central Chile is now functioning normally as per officials.

14 Feb 2011

Record Earnings for BHP Billiton

BHP Billiton is expected to post record $15 billion earnings for the six month period pre-tax. This would give the company a $30 billion plus full year result. It has broken the record for biggest profits posted by a company in Britain with this. The last record was set by Shell three years ago when it unveiled profits of $27.5 billion.

From BHP Billiton Plc 14 Feb 2011

Tax Issues for Glencore in Zambia

Glencore International AG’s Mopani Copper Mines may have irregularities in tax submissions as per the director general of the Zambian revenue authority.

14 Feb 2011

Nautilus Minerals Identifies Second Potential Development Project in Bismarck Sea

Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has identified a second potential development project in the Bismarck Sea in Papua New Guinea, to follow its groundbreaking Solwara 1 project currently in the final stages of planning.

14 Feb 2011

Brazil Plans Mining Reform to Boost Production

The Brazilian Mining Industry is going to see legal changes to the old 1968 mining code. The changes would be along the lines of the oil legislation which was passed over the last 15 years taking Brazil from being an importer of oil to a net exporter of petroleum products. The plan is being named the National Mining Plan 2030.

13 Feb 2011

New Gold Announces Updated Reserves and Resources from El Morro Project

New Gold Inc. (TSX and NYSE AMEX: NGD) today announces that Goldcorp Inc., its 70% joint venture partner in the El Morro project, has updated the reserves and resources for the project as of December 31, 2010.

From New Gold Inc. 11 Feb 2011

Red Metal Resources Reports Mining Results from Mateo Project in Chile

Red Metal Resources Ltd. (OTCBB:RMES), a mineral exploration company with copper-gold assets in Chile, today announced a summary of grade results from a contract surface mining program at the Irene showing, part of Red Metal's Mateo project in Chile's highly prospective iron oxide copper-gold belt.

From Red Metal Resources Ltd. 11 Feb 2011

Halo Resources Commences Drilling at Sherridon VMS Property in Manitoba

Halo Resources Ltd. (TSX VENTURE:HLO)(FRANKFURT:HRLN) has announced that the Company has commenced drilling at its' 200 square kilometer Sherridon VMS Property in Manitoba.

11 Feb 2011

Red Crescent Resources to Acquire Sivas Copper Project in Turkey

Red Crescent Resources Limited (TSX:RCB), a mineral exploration and development company focused on base metals, announced that it has entered into a binding agreement with Gensay, a Turkey-based company, to acquire the "Sivas Copper Project" subject to the terms and conditions contained in such Agreement.

11 Feb 2011