UC Hub Group, Inc. Acquires Mining Assets From Tri-Star Holdings, Inc.

UC Hub Group, Inc. announce the companies have executed a formal asset acquisition and assignment agreement whereby UC Hub Group, Inc. will acquire certain mining assets from Tri-Star Holdings for stock in UC Hub Group, Inc. These mining contracts and assets include those in Arizona referred to as COS... Read more..

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Taseko Purchases $100 Million in Mining and Milling Equipment

Taseko Mines Limited (”Taseko” or the “Company”) is pleased to announce that it has finalized negotiations for the purchase of the key mining and milling equipment required for the Phase III expansion at its 100% owned Gibraltar copper-molybdenum mine. The Company has entered... Read more..

Mexivada starts diamond mining at Kono, Sierra Leone; Larger diamond found at Lepandza, ROC Congo

Sierra Leone Projects: Mexivada Mining Corp. (MNV.V) has begun diamond mining near Koidu Town, in the heart of the famous, world class Kono mining district of Sierra Leone. Hundreds of millions of US Dollars worth of diamonds are produced from the district every year, including many fancy-colored stones.... Read more..

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Stillwater Mining Company Completes Review of Operations: Will Restructure Operations and Reduce Workforce

STILLWATER MINING COMPANY announced immediate plans to restructure its operations and reduce and redeploy portions of its workforce. The move is largely focused on the Company’s East Boulder Mine operations south of Big Timber, although the Company’s Stillwater Mine at Nye, Columbus Metallurgical... Read more..

Silver Falcon Mining, Inc. (SFMI) Delivers First Tonnage of Ore to Mill; Updates Belle Peck Adit Developments

Silver Falcon Mining, Inc. announced that the Company continues to move aggressively with its 3-stage transportation of the “Belle Peck” tailing piles. A fleet of 30-ton articulated trucks, load and transport the ore to a staging area on the bottom of War Eagle Mountain. Next, regular “off... Read more..

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Roxmark/Premier expand Geraldton Project scope with acquired Lac Properties

Roxmark Mines Limited announced that several properties being acquired by PREMIER GOLD MINES LIMITED from Lac Properties, a subsidiary of BARRICK GOLD CORPORATION, will form part of the Geraldton Project, a joint venture between Premier and Roxmark. In a news release yesterday, Premier announced that... Read more..

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ZNext Mining Mobilization of XYZ Gold Masbate Island Progressing Fast: Traditional Assay Results = 90.37g AU/ton Gold & 533.6 g Ag/ton Silver

ZNext Mining Corporation, Inc. announces that the XYZ Gold Project mobilization is moving along fast. ZNXT funding proceeds from an accredited investor will be used to build the 150 metric Tons/day capacity CIL Gold processing plant, with an added enhanced copper floatation device. On-site metallurgical... Read more..

Gold Resource Corporation Mobilizing Equipment for Its El Aguila Project; Looks to First Quarter 2009 Start-Up

Gold Resource Corporation (GRC) report it has begun to mobilize equipment to the Mexico border in preparation for clearing customs and ultimate transport to its Aguila mill in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production first quarter 2009, subject to timely... Read more..

Newmont Mining Corp to seek Resources

Newmont Mining Corp. one of the world’s largest unhedged gold producers, reported that Gold prices are skyrocketing due to higher demand, U.S. trade/budget/currency issues and global instability. Declining grades are pushing up mining costs prompting the company to cut costs. We set a target of... Read more..

Baja Mining Receives $90 Million & Ramps Up Construction Activities

Baja Mining Corp. provides the following update on the development of the El Boleo Project, Mexico. Korean Consortium Transaction The Company closed the sale of a 30% interest in the El Boleo Project on May 30th 2008 and received the initial payment of approximately US$90 million from the Korean Consortium... Read more..