Mining News

RSS

Nyrstar to Acquire Farallon Mining

Nyrstar will take over Farallon Mining in a friendly deal for around $380 million. The European company has offered 80 cents per share for Farallon Mining after close of markets on Monday. The shares last traded at 78 cents on the Toronto Stock Exchange.

By Joel Scanlon 16 Nov 2010

Caterpillar Looks to Acquire Bucyrus

The machinery and engine manufacturer Caterpillar has placed a $7.6 billion takeover bid for another equipment maker, Bucyrus. Currently Caterpillar produces heavy duty trucks and excavators. If the deal with Bucyrus goes through it will add giant electrical shovels and other mining equipment to its catalogue.

From Caterpillar 16 Nov 2010

Alexis Minerals Announces 17.9% Increase in Q3 Revenue

ALEXIS MINERALS CORPORATION has reported its third quarter 2010 Financial Statements and Management's Discussion and Analysis for the three month period ended September 30, 2010.

16 Nov 2010

Century Mining Reports Loss for Q3

Century Mining Corporation (TSX VENTURE:CMM) reports its financial and operating results for the third quarter and nine months ending September 30, 2010.

From Century Mining Corporation 16 Nov 2010

Farallon Mining Q3 Net Income Decreases Sequentially

Farallon Mining Ltd. (TSX:FAN) announces its financial and operating results for the three months ended September 30, 2010.

16 Nov 2010

Genco Resources Processed 16,568 Tonnes of Ore at La Guitarra Mine During Q3

Genco Resources Ltd. (TSX:GGC) announces results for the financial period September 30, 2010.

16 Nov 2010

Heatherdale Resources Uses Private Placement Proceedings for Exploration at Niblack Property in Alaska

Heatherdale Resources Ltd. (TSXV: HTR) announces a private placement of 6 million units in its capital at a price of $1.00 per unit for gross proceeds of $6.0 million to a number of investors, including Company insiders.

16 Nov 2010

Andina Minerals Updates on Surface Geochemical Reconnaissance at Pampa Buenos Aires Project

ANDINA Minerals Inc. has reported that its joint venture partner at the Pampa Buenos Aires project, Iron Creek Capital Corp. has released information concerning surface geochemical reconnaissance on the 27,000 Ha property, located approximately 15 km southwest of Yamana's El Peñón silver/gold mine in the Antofagasta Region of Chile.

16 Nov 2010

Empire Mining Begins Drilling at New Demirtepe Target in Bursa Porphyry Project

Empire Mining Corporation (TSX VENTURE:EPC) has announced that drilling has commenced at its Bursa copper-molybdenum-gold porphyry project in western Turkey.

16 Nov 2010

Fronteer Gold Announces Drilling Results from Long Canyon Gold Project in Nevada

Fronteer Gold reports that ongoing drilling has returned the best intercept to date at its wholly owned Long Canyon gold deposit in Nevada.

16 Nov 2010

Gold Bullion Reports Positive Metallurgical Results from Granada Gold Property

Gold Bullion Development Corp. (GBB, TSX.V) has reported that it has received positive Phase 1 metallurgical results from its 100% owned Granada Gold Property in northwestern Quebec.

16 Nov 2010

Great Panther Encounters Five Silver-Gold Mineralization Zones at San Ignacio Mine Property

GREAT PANTHER SILVER LIMITED (TSX:GPR) has announced that the second surface diamond drill hole at the San Ignacio Mine property, Guanajuato has intersected five zones of silver-gold mineralization below those of the previously reported veins in hole ESI10-01.

16 Nov 2010

Harmony Gold Plans Initial 3,000 Meter Drilling Program at Caribou Project

Harmony Gold Corp. (TSX VENTURE:H) has announced that it has started a geological review and audit of data on the Caribou Gold Project with the objective of developing a diamond drilling program for 2011.

16 Nov 2010

Condor Resources Reports Encouraging Results from Chavin Polymetallic Property

Condor Resources Inc. (TSX VENTURE:CN) has announced that it has received an encouraging progress report on its 100% owned Chavin polymetallic property from joint venture partner Minera Silex Peru SRL , a subsidiary of Golden Minerals Company (TSX:AUM)(NYSE Amex:AUMN).

From Condor Resources Inc. 16 Nov 2010

Anglo Aluminum Intersects 46.81% Aluminum Oxide over 8 M at Mamou-Dalaba Project

Anglo Aluminum Corp. has announced positive results from the initial drill campaign on its 100%-owned Mamou-Dalaba Bauxite Project in Guinea, West Africa.

16 Nov 2010