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PetroWorth Resources to Drill Oil Well at Lake Ainslie Block Property

The Nova Scotia Department of Energy has given approval to PetroWorth Resources to drill an oil well at the Lake Ainslie Block property, Cape Breton.

22 Sep 2011

Orex Minerals Completes Airborne Geophysical Survey at Barsele Gold Project

Orex Minerals has reported that LeBel Geophysics and Suomen Malmi Oy (SMOY) are engaged with the follow-up ground surveys, as a result of the completion of the aerial geophysical survey for the 2,500 line-km during July 2011 at the Barsele gold project, Sweden.

From Orex Minerals Inc. 22 Sep 2011

Sagebrush Gold Obtains Further Mining Claims from Centerra Gold

Sagebrush Gold has leased 24 mining claims from Centerra Gold. The location of these unpatented mining claims are in the Mt. Springs Mining District, Nevada, and contiguous to the Red Rock 283 claim group, which was purchased by Sagebrush Gold in June, 2011 and began 16,000 ft drilling campaign, totaling 9 holes, in August, 2011.

21 Sep 2011

Discovery Ventures, Major Drilling Group International Ink Contract for La Sarita Project

Discovery Ventures and Major Drilling Group International have inked a drilling contract. The diamond drill program will be started at the La Sarita Project this week.

21 Sep 2011

West Australian Premier Colin Barnett Says China Angry with Australia Over Mining Tax

China will help get Oakajee back on track but it is angry with Australia over its mining tax issues said Premier Colin Barnett. He signed a draft agreement with the Chinese National Development and Reform Commission on behalf of Western Australia for an investment accord to get the stalled Oakajee port and rail project going again.

20 Sep 2011

Stillwater Mining Company Announces Offering of Senior Notes for Peregrine Metals Acquisition

Stillwater Mining is planning to offer $300 million in senior notes to private investors to help fund its acquisition of Peregrine Metals. The offering is non-conditional on the completion of the acquisition of Peregrine Metals.

20 Sep 2011

Jayden Resources Completes Earn-In for Further Interest in Silver Coin Property

Jayden Resources has completed the expense requisites to secure a further 10% interest in the Silver Coin project to bring the ownership of the company to 80% interest.

20 Sep 2011

Indian Energy Company Buys into Hancock Group for $1.26 Billion

Indian company GVK Power has bought a stake in Australian company Hancock Group for $1.26 billion. The Hancock Group is owned by Gina Rinehart and the Indian company is investing in it to secure energy supplies for its future power plants.

19 Sep 2011

Strike Action Stops Work at Freeport-McMoRan West Papua Mine

Freeport-McMoRan Copper & Gold Inc. is experiencing a suspension of mining at the Grasberg mine in West Papua, Indonesia as workers commence a strike that could last over a month as per a labor union spokesman, Juli Parrorongan.

18 Sep 2011

Discovery of Crab Hinders Rio Tinto's Mineral Exploration

A new species of tiny freshwater crab may cause trouble at a Rio Tinto site. The Wilderness Society is asking the federal Environment Minister to halt a $900 million mining exploration program being undertaken by Rio Tinto in Cape York after the discovery of the crab.

18 Sep 2011