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33 Miners Trapped in Chilean Copper Mine

The 33 miners trapped in a mine in Chile will have to wait even longer to be rescued due to a fresh cave in. The accident occurred in a San Jose mine near the city of Copiapo in north Chile.

9 Aug 2010

Global Geoscience to Sell Guyra Tenement to White Rock Minerals

Global Geoscience Ltd. (ASX:GSC), an Australian based mineral exploration company, is selling a copper gold project in northern part of New South Wales to White Rock Minerals Ltd.

5 Aug 2010

Xstrata: Big Investments

The global recession seems to be dissipating as more investments get planned for the mining industry. Mining giant Xstrata is all set to invest $ US5.3 billion to build a copper mine in Peru and to expand a coal mine in New South Wales, Australia.

5 Aug 2010

Xstrata Announces Strong Half Yearly Results

Mining giant Xstrata has announced positive half yearly results for 2010. In fact the operating profit in its north Queensland copper division was announced at $167 million, much higher than the profits corresponding to the same period last year.

3 Aug 2010

Newmont Earnings Increase 79%, Quarterly Dividend up 50%

Newmont Mining Corporation (NYSE: NEM), one of the world’s largest gold producers, has announced second quarter adjusted net incomeof $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter.

From Newmont Mining Corporation 28 Jul 2010

Collahuasi Updates Resource Estimate

Compañía Minera Doña Inés de Collahuasi SCM has announced a revised Mineral Resource estimate with an increase to total Mineral Resources and Ore Reserves.

From Anglo American Plc 28 Jul 2010

Freeport McMoRan Copper & Gold Reports Jump in Earnings

Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) has reported a 10% rise in its second quarter earnings.

22 Jul 2010

Rio Alto Mining Gets Go Ahead for Peruvian Gold Mine

Rio Alto Mining Ltd. (TSX:RIO) has received mining permits from the General Bureau of Environmental Affairs (DGAA) of the Ministry of Energy and Mines (MEM) of Peru for the La Arena resource in north central Peru.

22 Jul 2010

Newcrest Announces Jump in Production

Newcrest Mining Ltd. (ASX:NCM) has recorded a 32% increase in its Q4 2009/2010 production. A year ago it produced 397,826 ounces of gold in the same quarter, and this year it produced 526,131 ounces of gold.

From Newcrest Mining Limited 22 Jul 2010

Problems in the Congo for First Quantum Minerals

First Quantum Minerals (TSX:FM), a Vancouver, British Columbia based mining and metals company, is facing a drop in production over the political uncertainty of its future of mining in Congo.

From First Quantum Minerals Ltd. 21 Jul 2010