Mining Companies Exploration and Investment News

Gold Fields Ltd.’s biggest mine, Driefontein in South Africa, is producing at half its normal rate following an earth tremor on Dec. 7, the Solidarity labor union said.

“The night shift is not back yet, so they’re on half production,” Reint Dykema, a spokesman for the labor union, said by mobile phone today.
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Virginia Mining Corp. is a mining company that has spread outside the drilling area in the Quebec region.

In the near future Virginia Mining immediately begins drilling a gold mine in James Bay, Quebec. This mining company will drill six holes in a gold mine with an estimated drilling time for six months, the total area of 16,500 meters of drilling. (continue reading…)

Exploration targets across the globe are the key, writes Jim Jones. CEO Nick Holland is unambiguous – the Gold Fields vision is to be the global leader in sustainable gold mining. Other metals do not figure, except as by-products of gold.
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Canada’s Gold Wheaton Gold Corp said its Barbados unit agreed with First Uranium Corp to buy gold from its South African unit for an initial payment of $50 million.

Gold Wheaton will buy 7 percent of the life of mine gold production from Ezulwini Mining Co’s mining right over its Ezulwini mine, which covers about 3,718 hectares, in the Gauteng province of South Africa.
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Alexis Minerals Corporation is pleased to announce that its Lac Pelletier gold mine project at Rouyn-Noranda, Quebec, is now underway with the recent commencement of a bulk sample program. Approximately 9,400 ounces of gold (oz Au) are expected to be produced from a 40,000 tonnes sample currently being excavated in two of four zones. (continue reading…)

The Alaska Miners Association Convention wraps up this weekend. They’ve been hit hard by the global recession, and that’s one of the things they’ve been talking about this week. 2008 was not a great year– the total value of the industry in Alaska was down about 21 percent compared to 2007.
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AngloGold Ashanti Ltd., the world’s third-biggest producer of the metal, cut its 2009 production forecast for the second time this year after suspending output at the TauTona mine in South Africa.
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Sulliden Exploration Inc. is pleased to report assay results from the recently completed exploration campaign on its Shahuindo Gold Project. This was the first significant exploration program on the Shahuindo Gold Project deposit since 2004 and was initiated following the successful resolution of all ownership litigation of the Shahuindo property earlier this year.
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