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Random News from Mining Top News

Amerigo Announces Favourable Decision in TSX Listing Review

Amerigo Resources Ltd. a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile announce that the Company has received official confirmation that the Listings Committee of the Toronto Stock Exchange (“TSX”) has determined that the Company satisfies TSX’s continued listing requirements. The Company’s reliance on the financial hardship exemption [...]

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United Ethanol plant ready to stay the course

MILTON-The president of United Ethanol doesn’t put much credence in projections of doom and gloom for the ethanol industry.
David Cramer is confident that ethanol is here to stay.
While United Ethanol’s $60 million plant nears completion in Milton’s Eastside Industrial Park, a story in the Chicago Tribune questions the future of ethanol and the livelihood [...]

Nuke power cheaper than coal, claims Oz Industry Minister

Australians risk higher electricity prices if the country fails to embrace nuclear power and relies only on low-emission coal technology, Australia’s Industry Minister Ian Macfarlane has said.
He said the anti-nuclear stance would severely hit the family budget. As such, Australians must abandon their opposition to nuclear power.
He however, said companies were unlikely to establish nuclear [...]

Ritchie Bros. to sell late model rock trucks in Grand Opening unreserved auction in Grande Prairie

Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer, is selling mining and heavy construction equipment and trucks-including a fleet of late model rock trucks-in an upcoming two-day, multi-million dollar, unreserved public auction at the Company’s brand new permanent auction site in Grande Prairie on Tuesday, November 24th to Wednesday, November 25th 2009 starting at 8:00 [...]

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MPH Ventures Issues Shares to Rubicon Minerals, Updated NI 43-101 Resource Calculation to be Completed

MPH Ventures Corp. announces that it has issued 25,000 common shares in connection with its Property Option Agreement dated November 15, 2007 with Rubicon Minerals Corp. whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the Echo Township property located in the [...]

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CanAlaska to undertake uranium exploration with Chinese mining partner

CanAlaska Uranium Ltd. announce that it has entered into a Memorandum of Understanding with East Nickel Mining Inc. to undertake joint exploration for uranium on its 100%-owned North East Wollaston Project.
As outlined in the MOU, ERI may earn a 40% interest in the Project by undertaking a minimum of 100,000 metres of diamond drilling within [...]

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ECP’s initial $30 million investment to help develop one of largest salt reserves in world

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

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Steel industry wants cap on iron ore exports

The steel industry will press the government for a cap on iron ore exports at 90 million tonne a year, forced by the unavailability of iron ore in the country.
Steel industry representatives are set to take up the issue with the government during the upcoming Group of Minister’s meeting in Delhi on May 28.
Officials said [...]

Copper King Mining Corporation Provides Project Updates

Copper King Mining Corporation, an ore mining, processing, and exploration company located in Southern Utah, today announced further updates concerning its mining and processing operations near Milford, Utah.
Copper King announced today that the Flotation’s Mill’s prime electrical contractor, A&F Electric of Milford, Utah, commenced electrical wiring in the Mill by installing high efficiency electric overhead [...]

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GWR Arranges $500,000 Flow-Through Financing With MineralFields Group

GWR Resources Inc. announce a non-brokered private placement in the amount of $500,000 with the MineralFields Group pursuant to which GWR proposes to issue an aggregate of 2,941,176 units. The Private Placement is subject to the approval by TSX Venture Exchange.
Each unit will be priced at $0.17 and will consist of one “flow-through” common share [...]