Mining Business News

RSS

Canadian International Mineral Buys Mineral Claims in Prairie Lake Properties, Ontario

Canadian International Mineral Inc. (CIN - TSX.V) has announced that, subject to the acceptance of the TSX Venture Exchange, it has acquired a 100% interest in mineral claims located in the Thunder Bay Mining Division, Ontario, known as the Prairie Lake North/South and Prairie Lake West Properties, approximately 40 kilometers north-east of Terrace Bay, Ontario.

2 Dec 2010

Iron Ore Production Kicks Off at Spinifex Ridge

Moly Mines (TSX,ASX:MOL) owned Spinifex Ridge has commenced production. The mine is located 50 km north east of the Marble Bar in the Pilbara region of Western Australia. The crushing and screening processing plant has been completed and commercial iron ore production has now begun.

From Moly Mines Limited 1 Dec 2010

Kinross Gold to Invest Heavily at Mauritania Mine and School

Kinross Gold Corporation announced that it would commit $10 million over the next three years to develop a mining school in Mauritania. Tye Burt the president and chief executive officer of the company said that the mining school and training centre would be useful to the mining community.

From Kinross Gold Corporation 1 Dec 2010

Stillwater Mining Completes Marathon PGM Acquisition

Stillwater Mining Company has completed its acquisition of Marathon PGM Corp. Each common share of Marathon PGM was exchanged for 0.112 common shares of Stillwater Mining. The takeover was given an approval of 99.98% shareholders of Marathon PGM.

1 Dec 2010

Rhino Resource Partners' First Illinois Coal Mine Receives Permit

Rhino Resource Partners LP (NYSE: RNO) announced today that the Illinois Department of Natural Resources has granted a permit to its subsidiary, Taylorville Mining LLC, for an underground coal mine just outside of Taylorville, Illinois.

1 Dec 2010

Stillwater Mining Acquires Marathon PGM

Stillwater Mining Company (NYSE: SWC) and Marathon PGM Corporation (TSX : MAR) jointly announced today the completion of the acquisition of Marathon PGM by Stillwater.

1 Dec 2010

Latin American Minerals Buys Chiriguelo Rare Earth Elements Project in Paraguay

Latin American Minerals Inc. (TSX VENTURE:LAT) has announced the acquisition of a 100% interest in the Chiriguelo Project in northeast Paraguay.

From Sterling Metals Corp. 1 Dec 2010

Ethos Capital Gets Options to Acquire Two Gold Properties White Gold District, Yukon

Ethos Capital Corp. (TSX VENTURE:ECC) has announced that it has obtained the option to acquire a 100% interest in two prospective gold properties located approximately 120 km south of Dawson City, Yukon.

1 Dec 2010

Focus Ventures Signs Option Agreement to Purchase Santa Rosa Mine in Peru

Focus Ventures Ltd. (TSX-V: FCV.V) has announced that it has signed an Option and Purchase Agreement to acquire the Santa Rosa Mine, a high-grade Ag-Zn-Pb deposit located 100km north of the Peruvian capital, Lima, and 70km southeast of Focus' Minas Chanca silver project.

1 Dec 2010

Big Red Diamond Signs Option Agreement to Buy Four Properties in Carbo Area, BC

Big Red Diamond Corp. (TSX VENTURE:DIA) has announced that it has entered into an option agreement to acquire 100% interest in four properties located in the Carbo area of north-eastern British Columbia.

1 Dec 2010