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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

Olympus Pacific Minerals Hires Local Vietnamese Firm to Conduct Tests on Gold Dore Refining

Olympus Pacific Minerals Inc. (TSX:OYM)(ASX:OYM)(OTCBB:OLYMF)(FRANKFURT:OP6) has announced that it has engaged a local Vietnamese firm to conduct tests on refining our gold doré to 99.99% Au as a result of the imposition of a new 10% export tax on gold products testing below the aforementioned purity levels.

29 Jan 2011

Johnson Matthey Processes Second Gold Shipment from Razor Resources, Utah

RAZOR RESOURCES INC. (OTCBB:RZOR) announces that their second shipment of gold has now been processed through Johnson Matthey at their facility in Salt Lake City, Utah.

29 Jan 2011

Gold World Resources Completes Private Placement of 5,280,000 Units

Gold World Resources Inc. (GDW-TSX Venture) has announced the completion of the private placement of 5,280,000 units at $0.05 with each unit being comprised of one common share and ½ warrant; each full warrant comprised within the units is exercisable for a period of 12 months at an exercise price of $0.10 per warrant share.

29 Jan 2011