Mining Business News

RSS

Cliffs Natural Resources Misses Q3 Estimates, Profits Still Soar

Cliff Natural Resources (NYSE:CLF) has cut its full year coal sales forecast and missed the third quarter profit that analysts had estimated. However that does not mean that the company is not doing well. The Cleveland based company is the largest producer of iron ore in North America.

From Cleveland-Cliffs Inc 29 Oct 2010

Lara Exploration Seeks Funding from Avanco Resources for Nickel Sulphide Exploration

Lara Exploration Ltd. (TSX VENTURE:LRA) has reported that it has signed a Letter of Intent whereby Avanco Resources Ltd., may fund nickel sulphide exploration in order to earn a 75% interest in the Company's Conceição License Block, in northern Brazil.

From Lara Exploration Ltd. 28 Oct 2010

Orex Minerals Enters Agreement to Buy Northland's Barsele Gold Project in Sweden

Orex Minerals Inc. (TSX VENTURE:REX) has announced that it has signed an agreement with Northland Resources S.A. (TSX:NAU)(OSE:NAUR) to buy Northland's Barsele Gold project in Sweden.

From Orex Minerals Inc. 28 Oct 2010

Chile to Change Mining Royalty Rates

Chile is to make royalty changes in the mining industry, however Mining Minister Laurence Golborne dismissed fears that overseas investments would be affected. He said that the planned changes would not punish investment.

From BHP Billiton Plc 28 Oct 2010

Controversial Canadian Mining Bill Defeated in Parliament

The Canadian Parliament has defeated a bill known as C- 300 that was introduced by John McKay of the opposition Liberal Party. The bill was introduced in February 2009.

28 Oct 2010

Coeur d'Alene Mines Receives Approval for Extending Silver, Gold Mining Operations at Rochester Mine

Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) announced today that the Bureau of Land Management has issued a positive Decision Record for Coeur's Rochester Mine in Nevada to extend silver and gold mining operations by several years with new production ounces expected to begin being recovered in the fourth quarter of 2011.

From Coeur Mining, Inc. 27 Oct 2010

Ivanhoe Mines Starts Counter-Claim in Arbitration Proceeding with Rio Tinto

Robert Friedland, Executive Chairman and Chief Executive Officer of Ivanhoe Mines (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), announced today that Ivanhoe Mines has delivered a statement of defence and initiated a counter-claim as part of an ongoing arbitration proceeding launched by Rio Tinto on July 9, 2010.

From Ivanhoe Mines Ltd 27 Oct 2010

Redstar Gold Buys Larus Project in Nevada

Redstar Gold Corp. (TSX VENTURE:RGC) has announced it has acquired a new 100%-owned property along the prolific Cortez gold belt in central Nevada.

From Heliostar 27 Oct 2010

Western Uranium Starts New Company to Explore Copper-Gold in South America

Western Uranium Corporation (TSX VENTURE:WUC) has announced that it has established a new corporate entity to conduct exploration activities in South America.

27 Oct 2010

Rockland Minerals Announces Airborne Geophysical Survey on Retty Lake Property

Rockland Minerals Corp. (TSX VENTURE:RL) reports that the helicopter-borne Time-Domain Electromagnetic and Magnetic survey on its 100% optioned Retty Lake Cu-Ni-PGE property near Schefferville, Quebec has provided new, high-resolution geophysical data, which will greatly assist in defining exploration targets.

27 Oct 2010