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Reuters: Kinross Gold to pay $350 million for full ownership of Russian mine

Kinross Gold, recently cashed up from its stake sale in Harry Winston Diamond Corp., has now agreed to pay $350 million for full ownership of the Kupol mine in Russia. The mine would account for about 17% of Kinross' gold equivalent production in 2011. Reuters reports: Gold miner Kinross Gold Corp. said it signed an agreement to buy the stake it does not already own in Chukotka Mining and Geological Co for about $350 million, giving it full ownership of the Russian mining company.

The West Australian reports a loss of mine workers to the east coast

Western Australia could struggle to find the people needed to exploit the biggest mining boom in more than a century, the West Australian reports, because of fly-in, fly-out workers heading to other parts of Australia.
As Premier Colin Barnett called for increased immigration, including guest workers, to deal with skills shortages in WA's north, a BIS Shrapnel senior analyst warned that competition with Queensland to man projects was so intense that WA could lose out to its fellow resources State.

Australian mining: new online forum launched to discuss skills shortage in mining industry

Australian Mining has announced that a new online forum has been developed to discuss issues of the skills shortage in the mining sector in Australia.

Mining for Skills, developed by Manpower, is an online forum hoping to engage people and companies at all corners of the resource industry, from government and resource companies to recruitment professionals and job seekers.

Nunatsiaq Online reports on Greenland’s mine school: quality learning, in English

Reporters from Nunatsiaq Online hear from Hans Henrichsen, manager of the Greenland School of Minerals and Petroleum in Sisimiut.
"We are taking the best of the best in Greenland. Our goal is to prove that Greenland miners are as good as any around the world,” Henrichsen said March 31 to a group of visitors from Nunavut. Agnico-Eagles Mines Ltd. flew the group to Greenland following a two-day tour of the company’s gold mine in Kittilä, Finland, where the Nunavut visitors met numerous highly educated Finns who have landed good jobs in mining.

Midway Gold announces positive prefeasibility study for Pan Gold Project, Nevada

Midway Gold Corp. (TSX.V and NYSE Amex: MDW) announces the results of a positive Prefeasibility Study of its Pan gold project located in White Pine County, Nevada. The accompanying National Instrument (NI) 43-101 technical report will be filed on SEDAR within 45 days. This NI 43-101 report was independently prepared by Gustavson Associates, LLC ("Gustavson") of Lakewood, Colorado, and concludes that the Pan Project is economically viable and amenable to heap leach mining operations, as summarized below.

New Gold acquires Richfield for $550M

nnounced today. Under the arrangement, Richfield shareholders will receive 0.9217 of a New Gold share for each Richfield share, valued at $10.38. The offer represents a 31% premium to Richfield's share price as of Friday's market close. The deal has been approved by both company's boards.