Exploration
M&A
Lake Shore, West Timmins complete tie-up
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TSX-listed Lake Shore Gold has completed its acquisition of junior West Timmins Mining, the companies announced on Friday.
West Timmins shareholders received 0,73 of a Lake Shore share for each share of West Timmins, under a deal first announced...
By: Liezel Hill
7th November 2009
DIAMONDS
Rio Tinto to fund some exploration on JV Tshikapa project
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TSX- and JSE-listed Africa-focused diamond explorer BRC Diamondcore has signed a letter of intent with diversified giant Rio Tinto’s mining and exploration arm, whereby Rio Tinto would fund the exploration of certain parts of the joint venture...
6th November 2009
EXPLORATION
Goldstone granted Senegalese exploration license
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Aim-listed junior gold explorer GoldStone Resources has been granted an exploration license for its Sangola project by the Senegalese Ministry of Mines.
GoldStone said in a statement that it would now be able to start exploration activities for...
6th November 2009
PERU
Miner asks Peru to remove protesters from its site
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Ares, a mining company run by Hochschild Mining, asked the Peruvian government on Thursday to remove protesting community members from one of its exploration projects -- the latest in a long string of conflict.
Townspeople living near the Azuca...
By: Reuters
6th November 2009
IRON-ORE – 2
Australian iron-ore minnow eyeing 2Mt/y by 2011
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Australian iron-ore minnow FerrAus is working towards becoming a mid-tier producer of two million tons a year by 2011.
By: Jonathan Faurie
6th November 2009
Exploration
New plant and railway put Mozambique on the road to recovery
0 COMMENTS
Mozambique’s government announced that South African company Tsozo Refinery will spend $17,5-million to build a plant, which will process about 40 kg of gold every three hours, in Mozambique. Authorities have also granted the firm an exploration...
By: Petronel Smit
6th November 2009
CANADA
Goldcorp mulls openpit, more milling capacity at Red Lake
0 COMMENTS
Canada's second-biggest gold miner, Goldcorp, expects to have a clearer picture by the end of next year of what its historic Red Lake camp, in north-west Ontario, will look like in the longer term, CEO Chuck Jeannes said on Thursday.
The Red Lake...
By: Liezel Hill
5th November 2009
ECUADOR
Ecuador says could start mineral exports in 2012
0 COMMENTS
Ecuador could start exporting minerals in 2012 once the country's nascent mining sector moves into production, President Rafael Correa said on Wednesday, predicting the industry will propel economic development.
Correa signed a mining law reform...
By: Reuters
5th November 2009
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