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Xstrata Looks to Expand Mount Isa with Large Multi-Commodity Open Pit Mine

The Swiss mining company Xstrata has decided to start a $47 million study to transform its Mount Isa mining operation. The firm wishes to develop a large multi-commodity open pit mine at the already present mine in north west Queensland. The study is to begin in August and will be completed by early 2013.

11 Aug 2011

Xmet Continues Channel Sampling and Stripping Program at Duquesne-Ottoman

Xmet is continuing a major channel sampling and stripping campaign at the Duquesne-Ottoman property in Quebec.

11 Aug 2011

Sono Resources Expands Aeromagnetic Survey at its Copper-Silver Project, Africa

Sono Resources has expanded the high-resolution aeromagnetic survey at its copper-silver project.

11 Aug 2011

Tao Minerals Updates on Las Aguadas Project in Colombia

Tao Minerals has inked a letter of intent (LOI) to partner with Bullet Holding of Medellin in Colombia and updated about the Las Aguadas project.

10 Aug 2011

Harmony Gold Settles Class Action in U.S.

Harmony Gold Mining Company has settled a claim with the lead plaintiff of a group that claimed the company overstated earnings in 2007. The Johannesburg based Harmony Gold is the third largest producer of gold in Africa and the fifth largest producer of the precious metal in the world.

From Harmony Gold Mining Company Limited 9 Aug 2011

BHP Billiton Acquires HWE Mining

BHP Billiton is to acquire HWE Mining from Leighton Holdings, allowing the mining giant to switch to an owner-operater model at its iron ore mining operations in the Pilbara region. The deal will see Leighton Holdings richer by $735 million. HWE Mining had provided close to 70% of operations on behalf of BHP Billiton on contractual basis.

From BHP Billiton Plc 9 Aug 2011

Baobab Resources Update on Drilling at Tete Project and Massamba Camp

Baobab Resources has provided the details on the exploration works that are ongoing at the Tete iron-vanadium-titanium project and Massamba Camp.

9 Aug 2011

HudBay Minerals Signs Sales Agreement with Solway Group for Fenix Project

HudBay Minerals has signed a definitive agreement with the Solway Group for the sale of 100% interest in the Fenix project.

From HudBay Minerals Inc. 9 Aug 2011

Douglas Lake Minerals Inks Mineral Property Acquisition Agreement with Handeni Resources

Douglas Lake Minerals is a budding mineral exploration firm based in Tanzania, which focuses on the exploration and development opportunities in mining.

9 Aug 2011

Jindal Steel and Power to Use Rio Tinto's HIsmelt at Jharkhand

Jindal Steel and Power Limited are going to use a new technology for smelting iron ore by using non-coking coal in their upcoming plants in the Indian states of Jharkhand and Orissa. Jindal Steel operates a 3.0 million tons a year steel plant in Chhattisgarh state and is setting up a plant of an equal capacity in Jharkhand state.

From Rio Tinto plc 8 Aug 2011