Mining Business News

RSS

Galantas Gold Plans to Increase Core Drilling Rigs for Omagh Gold Mine

Galantas Gold has prepared arrangements to raise the total number of Core Drilling Rigs to four at Omagh property in Northern Ireland.

6 Apr 2011

Ringbolt Ventures to Apply for Drilling Permits at Lisbon Valley Potash Property

Ringbolt Ventures is holding 70% share in Potash Green Utah and will apply for drilling permits to drill additional six holes on the Lisbon Valley potash project in Utah.

6 Apr 2011

Redhill Resources Completes Purchase Agreement with Blair Naughty for Morgan Property

Redhill Resources has signed the mineral claim purchase agreement with Blair Naughty to buy 100% interest in the Morgan mineral claims, which is situated in the Wicheeda carbonatite belt in Central British Columbia.

6 Apr 2011

VIPR Industries Signs Contract and Engages JICL Consulting for Drilling at Singida Gold Prospect

VIPR Industries has signed a contract and officially hired JICL Consulting of Tanzania to commence diamond drilling at Msangachuki-Londoni, Singida Gold prospect in Tanzania.

6 Apr 2011

Yorbeau Resources Announces Completion of First Two Drill Holes at Rouyn Property

Yorbeau Resources has completed the first two drill holes of 10,000 m drilling at the Augmitto sector of its Rouyn property in Quebec.

6 Apr 2011

Tombstone Exploration Stakes Additional Claims in Arizona

Tombstone is a company engaged in exploration and development of mineral resources It has the mineral rights to the historical land in the Tombstone areas, Arizona. Also, the company has mineral rights to 1,000 acres in Eagleville property in Nevada.

6 Apr 2011

Kinross Gold to Acquire 100% of Kupol

Kinross Gold Corporation hopes to buy a 25% stake in the Chukotka Mining and Geological Company for $350 million. This will give it full ownership of the Russian mining company and accord it full control of the Kupol gold mine in east Russia. The stake is currently owned by the Chukotka Autonomous Okrug.

5 Apr 2011

Mount Gibson Iron Ends Agreement with Shougang Concord

Mount Gibson Iron Ltd has ended its agreement with Shougang Concord International Enterprises. The agreement included the sale of 80% of its mine production to the Chinese steel manufacturing company from the Extension Hill mine. The company did not give any specific reason for the termination of the agreement.

From Mount Gibson Iron Limited 5 Apr 2011

Hunan Nonferrous Looks to Takeover Abra Mining

Abra Mining Ltd shares rose by more than 20% after the company recommended the takeover offer of Hunan Nonferrous Metals Corporation. The Chinese company currently is a majority stockholder of Abra Mining holding 74% shares of the company.

5 Apr 2011

Mexco Energy Acquires Working Interests in Fuhrman-Mascho Field in Texas

Mexco Energy is buying working interests in the 160 gross acres in the Fuhrman-Mascho Field of Andrews County, Texas, for an estimated purchase value of $670,000.

5 Apr 2011