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Northern Lion Gold Starts Airborne Geophysical Survey at Republic of Cyprus’ Western Permits

Northern Lion Gold has begun the aerial geophysical survey at its western permits, located in the Republic of Cyprus. Geotech Airborne Malta has been engaged by the company to conduct a versatile time-domain electromagnetic (VTEM) helicopter-borne geophysical survey at line spacings of 100 m for 850 line-km and will also enclose 80 sq. km.

From Northern Lion Gold Corp. 9 Dec 2011

Xstrata's Cloncurry Mine Commences Underground Operations

The new underground copper mine near Cloncurry, Queensland, Australia being developed by Xstrata saw work commence this week. The previous open cut mining site is being converted into an underground operation in a bid to extend the life of the mine until 2024.

7 Dec 2011

Great Quest Metals Completes Limited Rotary Air Blast Drilling at Tilemsi Project

Great Quest Metals has announced the completion of a 48-hole limited rotary air blast drill campaign at the Tilemsi phosphate project, East Mali. The company limited this phase II drill campaign to the Tarkint Est concession.

From Great Quest Metals Ltd. 7 Dec 2011

Whitehaven Coal and Aston Resources Talk Merger

Whitehaven Coal Ltd and Aston Resources Ltd are considering a merger. The two Australian coal mining companies have been discussing a potential merger but there have been no definite decisions taken as yet said the team from Whitehaven Coal on Monday.

From Whitehaven Coal Limited 5 Dec 2011

Cape Lambert Resources Looks to Sell Sierra Leone Iron Ore Project

Cape Lambert Resources is likely to sell its Marampa iron ore project in Sierra Leone soon. The mine which has been put up for sale has attracted many interested buyers including the Chinese, said the managing director of the company, Tony Sage.

From Cyclone Metals Ltd 5 Dec 2011

Geologix Explorations Completes Airborne Geophysical Survey at Tepal Project

Geologix Explorations has completed an aerial geophysical survey over the complete area of Tepal project.

5 Dec 2011

Mariana Exercises Option Over Santa Cruz IAMGOLD JV, Argentina

Mariana Resources Limited has exercised its option to acquire the 30% interest held by IAMGOLD Corporation in the Santa Cruz Joint Venture, to take Mariana's interest from 70% to 100%, subject to an IAMGOLD royalty of 1.5% of net smelter returns.

From Iamgold Corp. 30 Nov 2011

Rio Tinto Succeeds in Bid to Acquire Hathor Exploration

Rio Tinto today succeeded in its bid to acquire Hathor Exploration and will move towards completing the transaction. All of the conditions of the offer, made through an indirect wholly-owned Canadian subsidiary, have been satisfied.

From Rio Tinto plc 30 Nov 2011

Columbus Gold Sells Summit Gold Project to Agnico-Eagle for $8.5 Million

Columbus Gold Corporation has announced that it has sold its interest in the Summit gold project in Nevada to Agnico-Eagle (USA) Limited for US$8.5 million.

From Agnico-Eagle Mines Limited 30 Nov 2011

Boart Longyear Provides 2011 Guidance

Boart Longyear has confirmed its current full-year 2011 guidance of US$1.9 billion revenue and US$330 million EBITDA. Depending on the start date of various holiday shutdowns, 2011 performance may exceed both figures, given the current strength of market demand.

From Boart Longyear 30 Nov 2011