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Thursday, July 24, 2008 7:29AM EST (GMT +10hrs)
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Wednesday, July 23, 2008 One of the most powerful Aborigines in Australia has welcomed moves by a mining giant to "right a historical wrong" with indigenous people. (See Australian Associated Press: NT: Fresh talks on Gove mine marks Rudd's new framework (July 23, 2008)
BHP BILLITON Wednesday, July 23, 2008 BHP Billiton Ltd continues to capitalise on the worldwide boom for commodities by delivering record iron ore output and increased petroleum production during a period of record prices in its June quarter. (See Australian Associated Press: BHP delivers record iron ore, copper production, oil output up (July 23, 2008)
APEX MINERALS NL Tuesday, July 22, 2008 Apex Minerals provided further encouraging results from underground drilling at Wiluna in Western Australia. Property: WILUNA (Complete Text of Jul 22, 2008 News Release)
MANTRA RESOURCES LIMITED Tuesday, July 22, 2008 Mantra Resources announced the second set of results from the 2008 drilling program at the company’s wholly-owned Nyota and NW Trend prospects at the Mkuju River project in southern Tanzania. Significant intersections include 9 m of 700 ppm U3O8 from 21 m in hole MNAR053. Property: MKUJU RIVER (Complete Text of Jul 22, 2008 News Release)
COAL OF AFRICA LIMITED Tuesday, July 22, 2008 Coal of Africa to announced an upgraded resource of 1.335 billion gross in situ tonnes (up from 713 mt) at its Makhado (formerly Baobab) coking coal project in the Limpopo Province of South Africa. Property: BAOBAB COAL (Complete Text of Jul 22, 2008 News Release)
BARRICK GOLD CORPORATION and RENISON CONSOLIDATED MINES NL Tuesday, July 22, 2008 Renison Consolidated provided an updated mineral resource estimate for the Agate Creek epithermal gold project in North Queensland, Australia based upon a total of 414 exploration drill holes, including 76 drill holes that had been completed since the last mineral resource estimate was undertaken. Renison has now earned an 85% interest in the project, with Barrick Gold continuing to dilute. Property: AGATE CREEK (Complete Text of Jul 22, 2008 News Release)
CBH RESOURCES LIMITED and COBAR CONSOLIDATED RESOURCES LIMITED Tuesday, July 22, 2008 Cobar Consolidated Resources upgraded its target mineralization estimate to inferred resource status and achieved positive results from preliminary metallurgical testwork and economic modelling at its Wonawinta silver project in New South Wales, Australia. Incorporating the results of both historic drilling and the company’s recent 36 hole aircore drilling program. inferred resources are estimated at 6.5 Mt grading 97 g/t silver and 1.3% lead for 20.3 million contained ounces silver and 87,000 tonnes contained lead at a $27/t cut-off. Mineralization is generally shallow and clay-hosted and could be mined as a series of open pits. Cobar is earning a 70% interest in the project from CBH Resources by spending $700,000 over 4 years. Property: WONAWINTA / LACHLAN (Complete Text of Jul 22, 2008 News Release)
KINGSGATE CONSOLIDATED LIMITED Tuesday, July 22, 2008 Kingsgate Consolidated Ltd, which has secured key mining leases in Thailand, is an obvious takeover target for companies seeking a multi-million ounce gold mining operation, its managing director says. (See Australian Associated Press: Kingsgate possible takeover target as mine expansion progresses (July 22, 2008)
SINO GOLD MINING LIMITED Tuesday, July 22, 2008 China-focused Sino Gold Mining Ltd says it will not take on any further gold hedging after closing out its forward sales contracts last month to give it total exposure to the spot gold price. (See Australian Associated Press: Sino Gold exposed to spot price, 2nd mine cap ex could rise (July 22, 2008)
YTC RESOURCES LIMITED
Monday, July 21, 2008 YTC Resources Limited is pleased to announce the placement of 2.76 million shares at $1.00 per share to its major shareholder Yunnan Tin TDK Resources Australia (TDK), a wholly owned subsidiary of Yunnan Tin Company Group Limited of China. The funds will be directed towards YTC’s expansion of the Tallebung tin project, its ongoing exploration projects in NSW and to fund the development of the company’s tin strategy. Property: TALLEBUNG (Complete Text of Jul 18, 2008 News Release) AUSTRALIAN NEWS ON THE WEB
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