Company Announcement:Conceptual Underground Mining Study Highlights Development Potential of Zoroastrian Deposit

The Directors of Excelsior Gold Limited are pleased to advise that Auralia Mining Consulting Pty Ltd has conducted an initial conceptual mining study at the Zoroastrian Deposit in the central part of the 100% owned Kalgoorlie North Gold Project.

Gold firm Mundo mulls TSX listing

Australia-based gold miner Mundo Minerals may seek a listing on the TSX to give it access to a wider investment community with a better understanding of Latin America, chairperson Chris Chalwell said on Thursday. Mundo has a portfolio of gold...

SA equipment manufacturer extends its reach

South African conveyor equipment manufacturer Melco, which supplies modular conveyor structures for underground mining operations, has managed to expand the reach of its products into more than 75 countries worldwide, and is confident on the...

Agnico-Eagle in class-action crosshairs for $250m

London, Ontario-based Siskinds LLP has filed a proposed class action suit against TSX-listed Agnico-Eagle Mines seeking $250-million, alleging the company and certain senior officers failed to disclose information that led to the closure of its...

Xstrata sells two Mpumalanga coal assets

Diversified miner Xstrata has completed the sale of two Mpumalanga collieries to black economic-empowered (BEE) group Imbawula, for an undisclosed amount. The transaction had effect from January 1, seeing Imbawula acquiring, as going concerns,...

Mundo declares maiden resource at Torrecillas

ASX-listed Mundo Minerals has declared a maiden Joint Ore Reserves Committee-compliant resource of 120 000 oz for its flagship Torrecillas gold project, in Peru. The resource was established following a diamond drilling programme completed in...

Company Announcement: Xstrata Coal South Africa Completes Sale of Mpumalanga Assets

Xstrata Coal South Africa (XCSA) is pleased to announce that it has completed the sale of its Spitzkop and Tselentis collieries and supporting coal assets, located in Mpumalanga, South Africa, to the Imbawula Group (Imbawula) for an undisclosed...

Xstrata Coal sells assets to BEE

Coal miner Xstrata Coal South Africa has completed the sale of its Spitzkop and Tselentis collieries to the black economically empowered Imbawula for an undisclosed sum. Imbawula, headed by directors Pius Mokgokong and Yacoob Mansoor, has...

MMG breaks ground on new WA openpit copper mine

Western Australia’s Mines and Petroleum Minister Norman Moore on Friday welcomed a $22-million investment from copper miner Minerals and Metals Group (MMG), which is expanding its Golden Grove openpit mine. The $22-million investment would...

3D simulation software package for mine ventilation

Ventilation and refrigeration consulting engineering firm Bluhm Burton Engineering (BBE) has released a three-dimensional (3D) version of its Ventilation of Underground Mine Atmospheres (Vuma) software package used to calculate heat loads and air...

Focus sees ‘year of growth’ as it target 200 000 oz in FY12

Gold miner Focus Minerals on Monday reported a 17% increase in gold production, following the first full year of ore processing at the Three Mile Hill plant. Gold production for the 2011 financial year reached 72 830 oz, compared with the 62 296...

Company Announcement: BFS Update; Pilbara VMS Project; Targeting 20,000tpa Copper & >40,000tpa Zinc

Attached please find a press release on: Venturex Resources Limited (ASX Code: VXR) (“Venturex”) is pleased to provide an update on the substantial progress of the Pilbara VMS Bankable Feasibility Study (BFS). The BFS parameters have increased...