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Newcrest suspends Ivory Coast gold ops on security issues

Newcrest said in a brief announcement today that it has suspended operations at the Bonikro gold mine "as a precautionary measure" and evacuated expatriates to neighbouring Ghana. This is not the first time Bonikro has had to be closed - a mine gained late last year with the takeover of Lihir Gold with its much larger prize of the Lihir Island gold project in Papua New Ginea.

SouthGobi Resources announces updated NI 43-101 compliant coal resources and reserves for Its Ovoot Tolgoi Complex in Mongolia

SouthGobi Resources Ltd. (TSX:SGQ)(HK:1878) announced today that new, independent estimates prepared by Minarco-MineConsult ("MMC"), have updated coal resources and proven and probable mineral reserves contained at the company's Ovoot Tolgoi Complex, (comprised of the Ovoot Tolgoi Coal Mine and the Ovoot Tolgoi Underground Deposit). Independent estimates for coal resources have also been updated by MMC for the company's Soumber Deposit (comprised of the Soumber Field and the Biluut Field).

Manitoba nickel mine to restart in April

Vancouver-based Crowflight Minerals (TSX: CML) says it will resume operations at its Bucko Lake Mine in April. The company expects to mine 220,000 tonnes of ore in 2011, with the goal of producing about five million pounds of nickel. With nickel trading at $12 a pound, the operation would yield a $20 million cash flow in 2011, Crowflight stated in a news release Wednesday.

BHP Billiton approves USD554 million investment at Escondida

BHP Billiton today announced approval for the Escondida Ore Access project (EOA), the first of a number of development options that will underline Escondida’s status as the world’s premier copper operation. The EOA project will relocate the crushing and conveying facilities currently located inside Escondida’s main pit to improve access to higher grade ore and thereby support higher production from 2013. The project is expected to cost US$554 million (US$319 million BHP Billiton share) and will be completed by mid calendar year 2012.