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Hanlong Mining Looks to Take Over Sundance Resources

Hanlong Mining Investment wants to takeover Sundance Resources. The Chinese mining company is the largest shareholder of Sundance Resources holding 18% stake in the company. In the takeover bid it has offered a price of 50 cents a share.

From Sundance Resources Limited 18 Jul 2011

UraStar Energy Signs LOI with Mosquito Consolidated Gold Mines

UraStar Energy has signed a letter of intent (LOI) with Mosquito Consolidated Gold Mines to acquire the BlackPoint gold-silver project. This project includes 896 A and is situated in the Battle Mountain-Eureka gold trend and 7 km north of the Eureka town in Nevada.

18 Jul 2011

Lucara Diamond Advances AK6 Diamond Mine Construction in Botswana

Lucara Diamond is advancing the AK6 diamond mine construction located in Botswana, on time and has completed more than 60% of construction. The South Africa steel industry’s ongoing industrial action has delayed the delivery of steel for the project.

From Lucara Diamond Corp. 18 Jul 2011

Fortescue Ponders Hong Kong, Shanghai Listings

The Fortescue Metals Group is now considering a listing on the Hong Kong or Shanghai stock exchanges as per its Chief Executive officer Andrew Forrest. The third largest iron ore mining firm in Australia has decided that it would be the best way to cement ties with steel mills in China.

From Fortescue Metals Group Ltd 17 Jul 2011

AngloGold Ashanti to Sell Savuka Mining Area to DRDGold

AngloGold Ashanti has decided to sell about 390,000 square meters of its Savuka mining area to Blyvooruitzicht Gold Mining. The deal will bring cash to the tune of 35 million Rand (US$5.1 million) allowing the company to deal with their operating cash flow problems in the distressed DRDGold unit.

17 Jul 2011

Northgate Minerals and Primero Mining to Merge

Northgate Minerals Corp. and Primero Mining Corp. decided on merging to resolve problems on both sides. Northgate Minerals will give 1.5 shares for each share of Primero Mining. The share exchange will be worth Canadian $370 million. The combined market capitalization of the new company will be approximately Canadian $1.2 billion.

17 Jul 2011

Empire Mining Announces Primary Underground Drilling Results from Bulqiza Project

Empire Mining has reported the initial underground diamond drilling results from the Bulqiza chromite project in Albania.

16 Jul 2011

Pilot Gold Proclaims Conclusion of Earn-in Option for Gold Springs Project

Pilot Gold has proclaimed that High Desert Gold (HDG) has concluded its earn-in option agreement for the Gold Springs gold project at the boundary of Nevada and Utah.

14 Jul 2011

Caterpillar Finalizes Bucyrus Acquisition

After Caterpillar completed its $8.8 billion acquisition of Bucyrus on Friday it announced the start of a new mining equipment division in Milwaukee. The acquisition deal was announced last December. The president of the new division Steve Wunning said that there were great times ahead for the newly merged company.

From Caterpillar 13 Jul 2011

Hewlett Packard Helps MMG Compute in the Cloud

Hewlett Packard (HP) is making it easier for the Minerals and Mining Group (MMG) to communicate in-house in a multi million dollar IT transformation. When MMG took over OZ Minerals it had two infrastructure backbones. Then adding to the confusion was the fact that OZ Minerals had been formed by merging Oziana and Zinifex.

From OZ Minerals Limited 13 Jul 2011