Skyline Gold Corporation (TSX VENTURE:SK), a company engaged in the exploration for high-grade gold deposits and development of its Bronson Slope project at the Snip Gold Mine camp in north western British Columbia's 'Golden Triangle', has announced that it has agreed to acquire 8,775 hectares of mineral tenures from St. Andrew Goldfields Ltd. adjacent and near the Company's current tenure holdings in return for total payment of $1,406,000 subject to receipt of regulatory approval.
Solid Gold Resources Corp. (TSX VENTURE:SLD) has reported that diamond drill core samples are being submitted for assay.
Southern Arc Minerals Inc. (TSX VENTURE:SA) and Newcrest Mining Limited has announced that they have signed a Heads of Agreement involving a joint venture investment in Southern Arc's Taliwang gold-copper property, in the western portion of the Island of Sumbawa, Indonesia.
Tinka Resources Limited (TSXV - TK; Frankfurt - TLD; Pinksheets -TKRFF) Andrew Carter, President, reports that at the Company´s Tibillos copper porphyry property, located in the coastal batholith 65 km east of Ica, Peru, a preliminary mapping survey has been completed.
Troy Resources NL (TSX:TRY)(ASX:TRY) has announced the first gold and silver pour at the Casposo Project as part of commissioning of the refinery section.
Northern Offshore, Ltd. (Oslo Bors: NOF.OL) reported today that the company received notice from Vietgazprom that they will not proceed with the fifth and final well of the five-well drilling program offshore Vietnam.
Mawson Resources Limited (TSX - MAW; Frankfurt - MRY) Mr Michael Hudson, President & CEO, announces the first channel sample results from the Company's 100% owned Rompas gold-uranium project in northern Finland.
The federal treasurer Wayne Swan predicted that Australia would move into its biggest mining boom phase in October, possibly the largest since the 1850s.
By Dr. Cameron Chai
21 Nov 2010
The European Union is seeing the shortage of raw materials as a major risk for the global economy as demand begins to exceed supply. European Union trade chief Karel De Gucht said that no country possessed all the raw materials that it needed.
By Dr. Cameron Chai
21 Nov 2010
China may have competition from the U.S. as a supplier of Rare Earth Elements (REE). The fact that China is currently the world’s largest supplier of Rare Earth Elements with more than 90% of market share was brought home drastically when it put a temporary ban on the export of these minerals some weeks ago.
By Dr. Cameron Chai
21 Nov 2010
Beaconsfield gold mine has managed to avert being sent into administration as its main money lender Minemakers threatened to revoke its $8.5 million loan. Minemakers was unhappy with the debt levels of the Tasmanian mine and wanted restructuring.
By Joel Scanlon
21 Nov 2010
Quadrem, a global mine supply network has been purchased by Ariba Inc for $150 million. The company which was launched a decade ago by 15 metal and mining companies has been sold to supply chain and collaborative business commerce vendor Ariba.
By Joel Scanlon
21 Nov 2010
China Gold International Resources Corp. Ltd. (TSX:CGG) confirmed today that it has filed on Sedar a final prospectus, in respect of the previously announced global offering of 53,660,000 of its common shares concurrent with the Company's public listing of Common Shares on The Stock Exchange of Hong Kong.
Mirasol Resources Ltd. (TSX-V: MRZ, Frankfurt: M8R) has announced that Phase 1 diamond drilling has commenced on its 100% owned, high-grade Virginia Silver Project located in the prolific epithermal Province of Santa Cruz, Argentina.
LOUNOR EXPLORATION INC. reports additional drill results on the Harker Gold Property, located in Harker Twp in the Timmins/Kirkland Lake area.