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Atlas Copco Bags Order from Fresnillo for Underground Drill Rigs for Silver Mining

Atlas Copco has received an order from Fresnillo PLC, Mexico valued at approximately MUSD 45 (MSEK 300).

From Atlas Copco AB 10 Feb 2011

Vantex Resources Acquires Galloway Project

The management of Vantex Resources Ltd (TSX VENTURE:VAX) has announced that the last required payment in order to finalize the acquisition of the Galloway project was made to the sellers of the property.

10 Feb 2011

Rio Grande Mining Signs LOI with Tru Vision

Rio Grande Mining Corp. (TSX VENTURE:RGV) has provided the following corporate update. The Company has signed a non-binding letter of intent with Tru Vision Corp., a private British Columbian company, which contemplates the acquisition of all of the shares of Tru Vision by the Company.

10 Feb 2011

Rio Alto Mining Acquires La Arena Gold-Copper Project in Peru

Rio Alto Mining Limited (TSX VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DBFrankfurt:MS2) has announced that it has exercised its option and has acquired 100% of La Arena gold-copper project located in north-central Peru upon payment of the exercise price of US$49 million cash.

10 Feb 2011

Linear Metals Seeks to Earn 80% Interest in Three Mineral Exploration Concessions in Kenya

Linear Metals Corporation (TSX:LRM) has announced the completion of an agreement with East African Pure Gold Limited and B&M Mining Company Limited, both privately-held companies, to earn an initial 80% interest in three mineral exploration concessions located in the country of Kenya.

10 Feb 2011

First Gold Exploration Discovers Near Surface Tantalum-Rich Zone at Rose Deposit

First Gold Exploration Inc. (TSX VENTURE:EFG) (OTCQX:FGEXF) (FRANKFURT:F12) has reported that diamond drilling on the Hydro showing has resulted in the discovery of a near surface tantalum-rich zone that returned significant results for three holes.

10 Feb 2011

Newmont Plans to Double African Gold Production

Newmont Mining Corporation hopes to more than double its gold production in Africa by 2015. The projects in Ghana will help the company to produce 1.2 million ounces as per a senior executive of the company.

From Newmont Mining Corporation 9 Feb 2011

Semafo Expands Burkina Faso Gold Production

Semafo Inc. announced this week that it was expanding the yearly capacity of the processing plant at its mine in Burkina Faso. The Mana Mine will see an extra 26,000 to 30,000 ounces of gold being produced for the company which is based in Montreal. This is the fourth phase of plant expansion at the mine.

From SEMAFO Inc. 9 Feb 2011

Acadian Mining to Sell Assets to Selwyn Resources

Acadian Mining Corp has signed a letter of intent with Selwyn Resources Ltd. to sell its zinc and lead assets in Canada. The miner has decided that it wishes to focus on gold exploration only. The sale of the assets will generate Canadian $10 million for the company.

9 Feb 2011

Lithium Submits Drill Permit Application for Cortez Lithium Prospect in Nevada

Lithium Corporation (OTCBB: LTUM) has announced it has recently submitted a drilling permit application to the BLM field office in Battle Mountain, Nevada.

9 Feb 2011