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Afghanistan Looks for Mining Investors

Afghanistan is looking forward to exploring its mineral resources with the help of Indian investments. Wahidullah Shahrani, Minister of Mines for Afghanistan is also hoping that the road shows being held in New York and London will also attract new investments in Afghanistan.

11 Nov 2010

Mining Boom Not Great for Australian Manufacturing Base

The burgeoning demand by the mining industry for equipment is actually not a boon for the manufacturing industry. Unable to meet the huge demand companies like Caterpillar are looking to import equipment from Mexico rather than construct it in Australia.

From Caterpillar 11 Nov 2010

Mercer Gold and KTTM Arranges Geophysical Survey at Guayabales Gold Project in Colombia

Mercer Gold Corporation (OTCQB: MRGP, AN4.F Frankfurt) announces that it has entered into an arrangement with KTTM Geophysics of Medellin, Colombia to perform 20 line kilometers of magnetometry and VLF-R surveys on Mercer's Guayabales Gold Project in the Caldas Department of Colombia near Marmato.

11 Nov 2010

First Majestic Acquires Real Estate Interests Regarding Real de Catorce Silver Project, Mexico

First Majestic Silver Corp. (TSX:FR)(OTCQX:FRMSF)(FRANKFURT:FMV)(WKN:A0LHKJ) has announced the closing today of the acquisition of all the real estate interestsincluding the original mill and infrastructure and underlying royalties and bonuses which were associated with the Real de Catorce Silver Project in San Luis Potosi State, Mexico.

From First Majestic Silver Corp. 11 Nov 2010

Banro Announces Construction of Twangiza Gold Mine, Congo

Banro Corporation (NYSE AMEX - "BAA"; TSX - "BAA") reports that construction of its wholly-owned Twangiza "Phase I" gold mine in South Kivu Province, Democratic Republic of the Congo, is proceeding quickly and that the Company remains on schedule to begin commercial production in the fourth quarter of 2011.

11 Nov 2010

Xstrata Bids for Australian Iron Ore Co. Sphere Minerals

Xstrata is keen on setting up a global iron ore unit as it looks to making more acquisitions. The company has begun the process of creating its own iron ore division by making a US$520 million bid for Sphere Minerals Ltd (ASX:SPH).

10 Nov 2010

Mine Expansions Create Boom in Mt Isa

The expansion of the George Fisher mine in Queensland, Australia may cost $274 million, but will also provide the Mount Isa region with hundreds of jobs. The zinc mine is one of the largest in the world and is owned by Xstrata. Located in north west Queensland the mine is hoping to produce 30% more zinc after the expansion by 2013.

10 Nov 2010