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Sonora Resources to Buy Group of Claims Surrounding Recently Purchased Silver Properties

Sonora Resources has inked a letter of intent (LOI) to buy the claim groups contiguous to the newly purchased Ayones Property and 49 ha of the La Mazata Silver Mine in Mexico.

20 Aug 2011

Compass Gold to Acquire Remaining 49% of Africa Mining SARL

Compass Gold Corp is planning to buying out the 49% of a gold mining operation called Africa Mining SARL from Transocean Finance Pty Ltd. and Madani Diallo. Compass Gold will swap 30 million units of common shares and purchase warrants for the 49% stake in Africa Mining.

From Compass Gold Corporation 18 Aug 2011

Zijin Mining Looks to Acquire Stake in Kyrgyzstan Gold Miner

Zijin Mining Group wants to buy a 60% stake in Altynken LLC, a Kyrgyzstan based gold mining company. The proposed $66 million bid is subject to approvals from both the Chinese and Kyrgyzstan governments. It filed its intentions to the Hong Kong bourse on Tuesday.

17 Aug 2011

Mount Gibson Iron Makes Ore Deal With Glencore

Mount Gibson Iron has agreed to sell iron ore to Glencore International. The Australian mining company signed a deal with the Swiss trading giant to sell 48% of the mine production of iron ore from its Extension Hill mine in Western Australia. This would roughly equal to 1.44 million mt/year from the mine located 239 km away by rail from the port of Geraldton.

From Mount Gibson Iron Limited 17 Aug 2011

Kinross Fort Knox To Fund Mining Research at University of Alaska Fairbanks

Kinross Fort Knox is to donate close to $1 million to the University of Alaska Fairbanks to help mining engineering research that they are carrying out. The monies will fund graduate research projects as per the dean of the college of Engineering and Mines. Projects that focus on real world mining challenges in Arctic conditions will also benefit from the money.

From Kinross Gold Corporation 17 Aug 2011

Gold Hawk Changes Name to Oracle Mining Corp.

Gold Hawk Resources has changed its name to Oracle Mining Corporation. The Vancouver based company is listed on the TSX Venture exchange and will now have its shares trade under the symbol OMN starting this Tuesday.

16 Aug 2011

Woulfe Mining to Bring South Korean Tungsten Mine Back On-Line

Tungsten

14 Aug 2011

Roxgold Extends Core Drilling Contract for Yaramoko Gold Concession

Roxgold has extended the core drilling contract for 5000 m at the Yaramoko gold concession during mid-September. Moreover, the company is discussing for a further core drilling program of 5000 m later.

12 Aug 2011

Beaufield Resources Completes Field Work at Schefferville Iron Property

Beaufield Resources has completed a month’s field work at the Schefferville iron property in Quebec. It has collected 700 grab-chip samples in total and these samples are being sent for analyzing the iron content.

12 Aug 2011

Aquila Resources Looks to Sell Washpool and Gets Nod for West Pilbara Iron Ore Project

Aquila Resources Ltd is selling its Washpool coal project. Tony Poli, chief executive officer of the company said that dozens of potential buyers were studying the purchase of the asset. The Perth based company hopes to raise AUD $1 billion for the asset.

From Aquila Resources Limited 11 Aug 2011