mineral exploration project – commodity prices – mining stock- trade and market

Horizonte, the AIM quoted exploration and development company focused on Brazil, is pleased to announce that it has signed a US$4.5 million earn in agreement on its 100% owned Falcao gold project, located in the Carajas Mineral Province of northern Brazil, with major gold producer and exploration partner, AngloGold Ashanti Limited.

Highlights

- AngloGold can earn into 51% of the Falcao project by spending US$4.5 million on exploration and development over three years

- First year cash commitment of US$900,000 on exploration funding

- Fast track drill programme to...

Lihir Gold shareholders have voted almost unanimously to accept Newcrest Mining’s $10.6 billion scrip-and-cash takeover offer.

The deal will create the world’s fourth-biggest mining company.

With no sign of a white knight emerging, the vote, in Port Moresby yesterday, makes the acquisition almost a formality, with Papua New Guinea National Court approval of the deal scheme of arrangement the only hurdle.

At the meeting, 99.86 per cent of all votes cast were in favour of the deal, which will see Lihir shareholders receive 0.12 Newcrest shares and 22.5c for every...

Vinasale gold mine is a gold mine located in Mining District in central Kuskokwim McGrath, Alaska. Mining site is estimated to have mining potential large enough. Placer gold deposits associated with some of these intrusions and recorded a total production of 2.5 million ounces.

Gold Canyon Resources Inc. is pleased to announce that it has recently completed the comprehensive review of its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.

Columbia government expects gold and copper mine run by Taseko Mines mining companies can proceed, because of this mining project is a significant contribution to the welfare of the people residing in mining areas. The government expects the project gold and copper mine run by Taseko Mine will contribute $ 398.7 million for the province and the project is expected to operate for 20 years.

Strategic Mining Corporation plans to expand gold mining exploration areas in the U.S. and Vietnam. This mining company has completed negotiations to get some gold mining resources in the area of Nevada and Utah. Increased investment to get a new gold mine site aims to increase gold production in 2010.

Mining company Mwana Africa has sold its 70% stake in the Konongo gold exploration project in Ghana under its option agreement with Australian-quoted Signature Metals.

Under the deal, 50m Signature shares...

IAMGOLD Corporation has announced the results from an updated preliminary assessment study on its wholly owned Westwood development project in Quebec, confirming its capability to...