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New World Development to Spin-Off Iron Ore Business

New World Development, a Hong Kong based property developer, is planning to spin-off a Chinese iron ore mining business. The new company will be majority owned by its own infrastructure unit NWS Holdings through a listing on the Hong Kong stock exchange.

1 Feb 2011

Queensland Mining Exports Still Hampered by Adverse Weather

The coal mining industry in Australia is unlikely to return to full production any time soon with cyclones in North Queensland causing even more disruptions. The recent flooding in the state has resulted in the majority of coal mines operating at reduced capacity.

1 Feb 2011

Altona Mining Looks to Raise $70 Million

Altona Mining Limited is hoping to raise $70 million to fund the development of the Outokumpu copper project in Finland along with exploration at its Roseby copper project in Queensland.

From Altona Mining Limited 1 Feb 2011

Canadian Zinc Receives Two Year Extension for Mineral Exploration at Prairie Creek Property

Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) has reported the Mackenzie Valley Land and Water Board has granted a two year extension to Canadian Zinc's Land Use Permit for mineral exploration on the Prairie Creek Property in the Northwest Territories.

1 Feb 2011

Sacre-Coeur Minerals Provides Two Week Extension for Nord Gold

SACRE-COEUR MINERALS, LTD. today announced that it has granted a two week extension for completion of due diligence regarding the proposed acquisition of Sacre-Coeur by NORD GOLD N.V., formerly named SEVERSTAL GOLD N.V. and SEVERSTAL GOLD LLC, affiliates of OAO Severstal (LSE: SVST; RT: CHMF), in accordance with the binding agreement among the parties dated September 21, 2010, as referred to in their joint press release of September 22, 2010.

1 Feb 2011

Arcelormittal and Nunavut Iron Ore Acquisition Take-Up Additional Shares of Baffinland Iron Mines

ArcelorMittal and Nunavut Iron Ore Acquisition Inc. announced today that they have taken-up an additional 8,410,670 common shares of Baffinland Iron Mines Corporation under their outstanding offer of C$1.50 per Common Share and C$0.10 per common share purchase warrants issued pursuant to a warrant indenture dated 31 January 2007 of Baffinland.

1 Feb 2011

Moly Mines Provides Details on Financing Activities at Spinifex Ridge Project

Moly Mines Limited (TSX:MOL)(ASX:MOL) has provided an update on its project financing activities for the Spinifex Ridge Molybdenum / Copper Project.

From Moly Mines Limited 1 Feb 2011

Vale Announces Approval of New Five-Year Collective Agreement by United Steelworkers

Vale has announced that a new five-year collective agreement has been ratified by the United Steelworkers Local 9508 representing mine and mill operations employees at Voisey's Bay, Labrador. The settlement marks the end of the strike that began August 1, 2009.

From Vale 1 Feb 2011

Atlas Copco Wins Order for Mining Equipment from Zimplats Holdings

Atlas Copco (STO:ATCOA)(STO:ATCOB) has received an order for mining equipment from Zimplats Holdings Limited, Zimbabwe, valued in excess of MSEK 170.

From Atlas Copco AB 1 Feb 2011

Kria Resources Receives Permits to Construct and Operate Halfmile Mine in New Brunswick

Trevali Resources Corp. (TSX:TV)(OTCQX:TREVF)(FRANKFURT:4TI) has announced that Kria Resources Ltd. has received both the Industrial Lease and Licence of Occupation from the New Brunswick Department of Natural Resources and the Approval to Construct and Operate from the New Brunswick Department of Environment permit to Construct and Operate the Halfmile Mine and the required permit and mining lease from the New Brunswick Department of Environment granting approval to construct and operate the Halfmile Mine. The receipt of both these permits allows Kria to begin construction activities at the Halfmile mine site.

1 Feb 2011