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BHP Submits Olympic Dam Expansion Environmental Report

The final environmental report for the expansion of the Olympic Dam project has been submitted as per schedule by BHP Billiton. This keeps the project on track for a final approval to be given in the latter half of next year.

From BHP Billiton Plc 5 Dec 2010

Rio Tinto CEO Warns Australian Government on Mining Tax Changes

Mining giant Rio Tinto said that the Australian government should not make changes to the mining tax as the resources sector will remain vulnerable to political attention especially since commodity prices remain high.

From Rio Tinto plc 5 Dec 2010

African Gold Uses Private Placement Proceedings to Explore its Gold Projects

AFRICAN GOLD GROUP, INC. (TSX VENTURE:AGG) has announced that its brokered private placement of up to $12 million of units at a price of $0.70 per Unit has been fully-subscribed.

From Toubani Resources 4 Dec 2010

Scorpio Mining Completes Geophysical Evaluation at La Verde Project

Scorpio Mining Corporation (TSX: SPM), has announced that evaluation of several geophysical drill targets has been completed. Seven holes were drilled for a total of 2,555 metres.

4 Dec 2010

Estrella Gold Uses Private Placement Proceedings for Regional Andean Gold Exploration Program

Estrella Gold Corporation (TSX VENTURE:EST) has announced it has closed a non-brokered private placement offering of 2,000,000 units at $0.50 per Unit for gross proceeds of $1,000,000.

4 Dec 2010

Aurcana Reports 2010 Q3 Financial and Operating Results

Aurcana Corporation (TSX VENTURE:AUN) has announced its financial and operating results for the three months ended September 30, 2010.

From Aurcana Silver Corporation 4 Dec 2010

Rio Tinto Signs MoU with Chinalco for Joint Exploration in China

Rio Tinto and Chinalco today signed a non binding Memorandum of Understanding to establish a landmark exploration joint venture in China.

4 Dec 2010

Columbus Gold to Buy Paul Isnard Gold Project in French Guiana

Columbus Gold Corporation (TSX VENTURE:CGT) has announced that it has entered into a definitive option agreement to acquire the Paul Isnard gold project in French Guiana which includes the 2 million ounce Montagne D'Or gold deposit.

4 Dec 2010

Anglo Pacific Group Acquires Brazilian Iron Ore Royalty from Beadell Resources

Anglo Pacific Group PLC (LSE: APF) (TSX: APY), the natural resources royalty company, today announces the completion of the Brazilian iron ore royalty acquisition from Beadell Resources Limited for a sum of A$31.25million in cash.

From Ecora Resources PLC 4 Dec 2010

Quantum Rare Earth Developments Receives Final Acceptance to Buy Elk Creek Property

Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(PINK SHEETS:QREDF)(FRANKFURT:BR3) has announced receipt of final acceptance from the TSX Venture Exchange for the acquisition of all of the issued and outstanding shares of 0805904 B.C. Ltd. 0805904 B.C. Ltd. owns all the issued and outstanding shares of Elk Creek Resources Corp., a private Nebraska corporation which holds exploration lease and option to purchase agreements with the underlying property owners, to explore, evaluate and acquire the Elk Creek carbonatite property in southern Nebraska.

3 Dec 2010