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Political Uncertainty Forces Newcrest Mining to Suspend Operations at Ivory Coast Mine

Newcrest Mining Company has decided to suspend mining operations at the Bonikro mine in Ivory Coast. This is a result of the tensions prevalent in the country after the disputed elections which were held recently.

From Newcrest Mining Limited 6 Dec 2010

Discovery of Ancient Mine in Chile

Archaeologists in Chile say they have discovered the oldest mine in the Americas, an iron oxide mine in northern Chile dating back to 12,000 years.

By Joel Scanlon 6 Dec 2010

Rio Tinto Looks to Acquire Riversdale Mining

Rio Tinto is about to make a bid for Riversdale Mining at $15 per share. This would be a $3.5 billion takeover bid made by the British company. There is a likelihood of the move attracting a counter bid from the Brazilian mining giant Vale.

From Vale 6 Dec 2010

Talison Lithium Commissions of Stage I Expansion at Greenbushes Lithium Operations

Talison Lithium Limited (TSX:TLH) announces the early commissioning of the Stage 1 expansion at the Greenbushes Lithium Operations and an update on the Stage 2 expansion.

From Talison Lithium 6 Dec 2010

Moly Mines Receives Approval to Complete Spinifex Ridge Project Financing

Moly Mines Limited (TSX:MOL)(ASX:MOL) has announced that the immediate parent entity of Hanlong Mining Investment Pty Ltd has received the key Chinese government approval in the process toward completing the financing for the Spinifex Ridge Molybdenum/Copper Project.

From Moly Mines Limited 6 Dec 2010

Maurel + Prom Updates on Initial Exploration at Kianika-1 Well in Tanzania

The Kianika-1 well on the Mandawa PSA in Tanzania has reached the planned depth of 3,040 m. The targeted carbonates of Mid Jurassic Mtumbei formation have been found and with good reservoir characteristics, which confirms the interest for this play in this region.

6 Dec 2010

Mirabela Nickel Provides Updates on its Nickel Production

Mirabela Nickel Limited has provided a production update for October and November 2010.

6 Dec 2010

Ivanhoe Energy to Begin Testing Program at Zitong-1 And Yixin-2 Wells in China

Southwest China have been successfully drilled to total depth. The Zitong-1 well reached total depth at 4,294 metres (14,088 feet) in the Xu2 Formation and the Yixin-2 well reached total depth at 4,165 metres (13,661 feet) in the Xu3 Formation.

6 Dec 2010

Gryphon Resources Announces Research on Global Demand for Lithium

Gryphon Resources Inc. (OTC Bulletin Board: GRYO) today reported that research into worldwide demand for lithium show mixed near term demand, but mid and long term trends appear strong.

6 Dec 2010

Sterlite Industries Buys Skorpion Zinc Mine in Namibia form Anglo American

Sterlite Industries Limited today announces the completion of the acquisition of the Skorpion Zinc Mine in Namibia from Anglo American plc for a cash consideration of approximately $707 million.

6 Dec 2010

Vale SA Inaugurates Copper Project in Chile

Vale SA the Brazilian mining giant is now mining copper in Chile. It inaugurated the Tres Valles project on Thrusday, which will be Vale’s first copper project in the country. The Tres Valles project is expected to produce 18,500 metric tons of copper cathodes or large sheets of 99.99% pure copper.

From Vale 5 Dec 2010