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Pacific North West Capital Enter Agreement to Buy River Valley PGM Project

Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) has announced that an agreement to purchase the 50% ownership in the River Valley PGM project, currently owned and held in a joint venture with Anglo Platinum Limited, has been completed.

31 Jan 2011

Empire Mining Reports Exploration Progress at Bulqiza Chromite Project in Albania

Empire Mining Corporation (TSX VENTURE:EPC) has provided the following exploration progress report on its Bulqiza chromite project in Albania.

31 Jan 2011

Quantum Rare Earth Developments Acquires Silver Mountain Mines

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) has announced that further to the news release dated April 23, 2010 announcing entry into a definitive agreement and subsequent to receipt of approval from the TSX Venture Exchange on January 11, 2011, it closed the merger and plan of reorganization today, effectively acquiring Silver Mountain Mines Corp., a Nevada corporation.

31 Jan 2011

Ivanhoe Australia Receives $30 Million Capital Approval for Kulthor, Osborne Development

Robert Friedland, Chairman, and Peter Reeve, Chief Executive Officer of Ivanhoe Australia Limited (TSX:IVA)(ASX:IVA), announced today that $30 million of development capital has been approved for the Kulthor/Osborne development on the company's Cloncurry district tenements in Queensland.

31 Jan 2011

Freegold Ventures to Begin Diamond Drilling Program at Golden Summit Project

Freegold Ventures Limited (TSX: FVL Frankfurt: FR4N) has announced a non-brokered private placement of 2,083,333, priced @ $0.48 per Unit.

From Freegold Ventures Limited 31 Jan 2011

Weather Affects Vale's Shipments in Australia and Brazil

The rains in Australia and Brazil have played havoc with shipments for mining giant Vale with 600,000 tonnes of iron ore being delayed from Brazil and 500,000 tonnes of coal being delayed from Australia.

From Vale 30 Jan 2011

Kumba Iron Ore to Fight Government Decision on Sishen Mine

Kumba Iron Ore is to fight the South African government decision to reject its mining bid for the Sishen mine. The Department of Mineral Resources called the bid premature and irregular. However company officials at Kumba Iron say that these are unsubstantiated allegations.

From Anglo American South Africa 30 Jan 2011

Peru Looks to Increase Mining Taxes

In Peru the presidential candidate Alejandro Toledo said that the mining companies need to give more of the revenue they generate to support the nation’s social programs.

30 Jan 2011

Cerrejon Mine Workers Vote in Favour of Strike Action

Cerrejon is a coal mining venture that BHP Billiton, Anglo American and Xstrata own in Colombia. Each company holds 33.3% of stake in the mine. The union of mine workers at the mine have voted in favour of a walkout over wage issues. The National Union of Coal Industry Workers represent 96% of the current employee strength at the mine.

From BHP Billiton Plc 30 Jan 2011

Norsemont Mining Reports Feasibility Study Results from Constancia Copper Project

Norsemont Mining Inc. (TSX: NOM, BVL: NOM) today announced the results of the Feasibility Study optimization on the Company's 100% owned Constancia Copper Project. Ausenco Solutions Canada Inc. led and prepared the FSO and related NI 43-101Technical Report.

From Norsemont Mining Inc. 29 Jan 2011