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Latest Stories

Oyu Tolgoi to begin production in August 2012

Mongolia's massive Oyu Tolgoi copper-gold project is expected to begin production in August 2012, sooner than forecast, said Temuulen Ganzorig, Deputy Director of Erdenes MGL which partners with Ivanhoe Mines and Rio Tinto in developing the site.

Tosca Mining signs option to acquire the Red Hills Molybdenum-Copper Project in Texas

Tosca Mining Corp. (TSQ - TSX Venture, TQ4 - FWB), reported today it has completed the due diligence on the Red Hills Moly-Copper Project and has signed a formal agreement to purchase the 100% ownership of all mineral and surface rights of the property. The agreement calls for payments of US$10,900,000 and the issuance of 2.1 million common shares to the sellers of the property over a five year period. The sellers will retain a 2% net smelter return over the Red Hills property.