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Medusa Mining Confirms Dividend Payments Out of its Operating Cash Flow

The Directors of Medusa Mining Limited (TSX:MLL)(ASX:MML)(AIM:MML) has advised that at the general meeting of members held this morning the resolution was unanimously passed to amend the Company's Constitution to remove the restriction that dividends can be paid only out of profits of the Company.

From Ten Sixty Four Limited 6 Oct 2010

Fortescue Metals Settles Shipping Dispute

A terminated shipping contract has cost Fortescue Metals Group US$ 3.7 million. The iron ore miner had cancelled a five year shipping contract with Armada in January 2009. The Singapore based Armada then brought arbitration proceedings against Fortescue seeking alleged damages worth US$70 million.

From Fortescue Metals Group Ltd 5 Oct 2010

Talisman Mining to Sell Iron Ore Projects to E-Com Multi Ltd

Talisman Mining (ASX:TLM) is selling two of its iron ore projects to a fellow Perth based company E-Com Multi Limited. The two iron ore projects are at Wonmunna and Uaroo.

From Talisman Mining Ltd. 5 Oct 2010

Record Iron Ore Exports for Fortescue Metals

Fortescue Metals Group (ASX:FMG) hit an all time high in iron ore exports last month loading more ships than it has ever done in the last two and half years of production.

From Fortescue Metals Group Ltd 5 Oct 2010

India's Adani Group Bids for Port of Brisbane

An Indian company is bidding for the $2 billion privatisation of the Port of Brisbane along with two other groups led by Morgan Staley Infrastructure Fund and Global Infrastructure partners respectively.

4 Oct 2010

Affinity Gold Provides Progress Report

Affinity Gold Corp. (AFYG.pk) has released a corporate update regarding the Company's progress over the previous 45 days as well as a look ahead to the coming months.

3 Oct 2010

Ranger Energy Investments to Acquire National Coal Corp

National Coal Corp. (Nasdaq: NCOC), a Central and Southern Appalachian coal producer, announced today that it has agreed to be acquired by Ranger Energy Investments, LLC (Ranger Energy), an acquisition vehicle for Jim Justice, a businessman and operator of Appalachian coal assets.

1 Oct 2010

Rare Earth Magnet Expert Re-Joins Molycorp

Rare earth company Molycorp, Inc. (NYSE: MCP) announced today that one of the world's leading experts in the design and manufacture of permanent rare earth magnets, which are integral to advanced wind turbines, hybrid vehicles, defense systems and computers, is re-joining Molycorp to help direct the Company's re-establishment of magnet manufacturing business in the U.S.

1 Oct 2010

Argentina Imposes Strict Laws on Mining Near Glaciers

The Argentine Congress has passed a law imposing strict limits on mining near glaciers. The law which was passed on Thursday is likely to affect foreign investments in the mining industry in Argentina. It was approved in the Senate by a vote of 35 to 33 with one abstention.

From Barrick Gold Corporation 1 Oct 2010