The spectacular Carapateena discovery that Canadian Teck Resources had seen as its big foreign play until the global financial crisis, is now passing into the hands of OZ Minerals Ltd (ASX: OZL). OZ Minerals said this week it had paid $US240 million for the project, making an immediate deposit of $US10 M.

Thom Beers, the man behind the popular reality television series Deadliest Catch and Ice Road Truckers, is now producing a series about coal mining in Appalachia. Coal premieres on Spike TV this spring with the first show airing at the end of this month. You can already see episodes on Spike TV's website.

Allied Gold Limited has gone into production with its Gold Ridge mine on Guadalcanal in the Solomon Islands. The Australia-based company spent $150 million on the project after acquiring it through the takeover of TSX-listed Australian Salomons Gold in 2009. The mine is expected to produce 120,000 ounces of gold per year.

SEMAFO (TSX:SMF) today announced the discovery of the new Yaho gold zone, located 4.5 kilometers southwest of the Fofina zone and 20 kilometers southwest of the Mana Mill in Burkina Faso. Three Reverse Circulation ("RC") drilling sections were carried out to date across this wide alteration zone with each section returning wide, significant grade intervals such as 2.27 g/t Au across 54 meters (hole MRC10-540 - section 15450N), 2.00 g/t Au across 20 meters (hole MRC10-542 – section 15450N), 1.37 g/t Au across 16 meters (hole MRC10-514 – section 15650N), 4.59 g/t Au (10.73 g/t Au uncut) across 10 meters (hole MRC10-526 – section 15850N), and 1.88 g/t Au across 88 meters (hole MRC10-529 – section 15850N).

Reuters writes that Executive Chairman Randall Oliphant said New Gold Inc (NGD.TO) is benefiting from near record high copper and silver prices, which […]

The Wall Street Journal writes that Tata Steel Ltd. expects its raw material costs to increase around 15% in the next fiscal […]

Minera Andes Inc. (the “Corporation” or “Minera Andes”) (TSX:MAI)(OTCBB:MNEAF) is pleased to provide a summary of the exploration results achieved during 2010 […]

Vena Resources Inc. (“Vena” or the “Company”) (TSX:VEM)(LIMA:VEM)(FRANKFURT:V1R)(OTCBB:VNARF)(XETRA®:V1R.DE), a Company with strong partnerships with some of the world’s largest mining companies, is […]

Pancontinental Uranium Corporation (TSX VENTURE:PUC) (“Pancon”) and its joint venture partner Crossland Uranium Mines Limited (“Crossland”) (ASX:CUX) are pleased to provide the […]