Robert Pease, President and CEO of Terrane Metals Corp. announce that Wardrop Engineering Inc. has been awarded the detailed engineering design and procurement contract for the Mt. Milligan Copper-Gold Project in British Columbia, Canada. Wardrop recently completed a Feasibility Study Report for the construction and operation of a conventional truck-shovel open pit [...]

Cartier Resources Inc. announce the discovery of several gold-silver-copper-zinc volcanogenic massive sulphide type mineralization systems on four sectors of the Kinojevis Project.
Previous drilling (KI-08-22, 31, 32, 33 and 25A), prospecting and trenching as well as compilation of the historic to deposits adjacent to the property demonstrate that all the geological elements are present for the [...]

Los Andes Copper Ltd. announces results from the latest four holes of the drilling program at the Vizcachitas Project in Chile.
Highlights of the results include Hole LAV-121A that intersected 0.53% Cu and 0.011% Mo (0.61% Cu eq(i)) over 86 metres, including 0.60% Cu and 0.007% Mo over 42 metres.
A summary of results from the four [...]

Entree Gold Inc. has commenced drilling on the western target at the Lordsburg, New Mexico copper-gold porphyry project. The Lordsburg project is located within a southeast-trending belt which hosts several large current and past copper producers, including Freeport McMoran’s Morenci, Tyrone, Chino and Safford operations.
The budgeted drill program is planned to include 2,700 metres (8,850 [...]

MetalCORP Limited announces that it has received Court approval authorizing it, amongst other things, to hold a shareholders meeting to seek shareholder approval of the spin-off of several gold properties to a wholly-owned subsidiary, Preciousmetals Explorations Inc. or such other name as the Board of Directors and regulatory authorities may approve (”Newco”), and the distribution [...]

Explor Resources Inc. announce the acquisition of 12 mineral units (2) additional mineral claims to the 62 mineral units already owned (total units 74) and situated in Carnegie Township in the Porcupine mining division, district of Cochrane, province of Ontario.
Explor Resources inc., will pay $8,000 and issue 100,000 common shares for an Option to acquire [...]

Katanga Mining Limited has announced that it has commenced a review of capital expenditure commitments with a focus on optimizing its development program considering current market conditions.
While the review is progressing capital expenditure for Phase 2 of the Kamoto rehabilitation project will continue.
Interim Chief Executive Officer Steven Isaacs said:
“This review will help us focus on [...]

Vena Resources Inc. provide shareholders with an overview of its exploration and development strategy during these times of world-wide economic concern.
Vena’s current cash position, including committed investments from our partners Cameco and Glencore is close to $9 million dollars. As it is currently unknown when the global economy will rebound, Vena has taken steps to [...]

Boliden Odda AS and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.
“The agreements ensure Boliden’s access to a dependable and long-term supply of electricity, at predictab
le prices, for the Odda zinc [...]

ASARCO LLC announced that it is terminating its contract with Sterlite (USA), Inc., for the sale of its operating assets. ASARCO also announced that it will draw on the $50 million letter of credit posted by Sterlite when it signed the purchase contract on May 30, 2008.
“We are taking this action in light of Sterlite’s [...]