Ressources Appalaches has just signed an agreement to acquire the gold producer Dufferin Resources, located in Nova Scotia. The transaction comprises the acquisition of the ramp-access Dufferin Mine, together with its processing plant (mill), mining lease, environmental permits, and all the other infrastructure required for production.
The cost of the transaction was established at $4,000,000, payable [...]

Titan’s “Norgold” property sits adjacent to the old “Sakoose” Gold Mine, which produced gold from 1897 to 1902 until operations were suspended when the mill burned down in 1902. During that time, it was only mined to a depth of approximately 60 metres. Production totaled 3,669 ounces of gold from the 8,828 tons extracted (= [...]

Uruguay Mineral Exploration Inc reports on the results of exploration activities during the quarter ended 31 May 2008.
David Fowler, Chief Executive Officer commented: “We have made good progress in the fourth quarter towards achieving our exploration objectives; results overall have been encouraging.
“Near the mine, we have had better results in the deep drilling program at [...]

On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]

Hecla Mining Co. says it is selling its subsidiaries in Venezuela to Rusoro Mining Ltd. in a deal worth $25 million.
The company says Rusoro, of Vancouver, British Columbia, will pay $20 million and give up Rusoro stock worth $5 million to purchase assets including leases for the Isidora gold mine and La Camorra mining facility [...]

China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ; “China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that Ms. Jessica Yu, China Shen Zhou’s Chairwoman and CEO, will ring the American [...]

State-controlled uranium miner Atomredmedzoloto will be in charge of developing Elkon and other deposits. The company plans to produce 10,000 tonnes a year of uranium by 2015, more than three times what it produced last year. (Reporting by Polina Devitt, writing by Robin Paxton; Editing by David Cowell) - ST PETERSBURG, Russia, June 8 - [...]

Wellex Mining Corp. of plastics king William Gatchalian is investing P473 million for an ore project in Dinagat Province.
The project involves the production of beneficiated nickel ore for exports to Macau, Japan, China, Taiwan and India.
The mining facility will have a capacity of 1.2 million wet metric tons of beneficiated nickel ore per year.
It will [...]

Ramelius Resources announced that mining has recommenced at its Wattle Dam Gold Mine in the Spargoville gold/nickel belt located 25 kms west of Kambalda in the Eastern Goldfields of WA and a cut back to the open pit has now commenced. It reported further that the construction of essential roads and infrastructure has been completed [...]

Zijin Mining Group Co. Ltd. has completed its initial feasibility study on a gold-copper mine in Benguet province owned by Far Southeast Gold Resources Inc. (FSGRI).
China’s second largest gold miner is in the process of negotiating a final agreement, it said in a disclosure filed with the Shanghai Stock Exchange.
Listed local miner Lepanto Consolidated Mining [...]