Mining News

[G-khan]

Randgold Resources Limited announces Blocklisting Interim Review (Market Wire)


[$$] Anglo cedes control of Ashanti gold (at FT.com)
Anglo American said on Friday it would reduce its stake in its subsidiary AngloGold Ashanti to around 42 per cent in a combined offering, cediing control of the world's third largest gold miner.

Australian Stocks Hit Record for Third Day (AP)
Australian stocks rose to a record for the third straight day Friday as resource stocks were boosted by favorable movements in exchange rates and commodity prices.

Indulge Your Inner Gold Bug (at Forbes.com)


Bema Gold Narrows Fourth-Quarter Loss (AP)
Canadian mining company Bema Gold Corp. said Thursday its fourth-quarter loss was narrowed due to an increase in sales. Bema posted a loss of $28.9 million, or 6 cents per share, compared with a loss of $44.6 million, or a penny a share, a year ago.

Seabridge Gold Files Year End Financial Statements (Business Wire)
TORONTO----March 23, 2006--Seabridge Gold Inc. announced today that it has filed its Audited Financial Statements and its Management's Discussion and Analysis for the year ended December 31, 2005 on SEDAR.

Rubicon Minerals Corporation: Common Accord Struck with Africo to Facilitate Public Offering of Africo's Kalukundi Asset (Business Wire)


Newmont Addressing Geotechnical Instability at Its Batu Hijau Operation in Indonesia (PR Newswire)
Newmont Mining Corporation reported that it is revising its mine operating plan at its Batu Hijau operation in Indonesia to address recurring geotechnical instability of the operation's east pit wall.

Bema Gold Corporation: 2005 Fourth Quarter and Year End Results (Business Wire)
VANCOUVER, British Columbia----March 23, 2006--Bema Gold Corporation reports the results from its operations for the fourth quarter and year ended December 31, 2005. Bema remains leveraged to dramatic growth through the development of the Kupol deposit in Russia and potential development of the Cerro Casale project in Chile.

Miner Freeport hit by double-whammy in Indonesia (Reuters)
U.S. mining giant Freeport McMoRan Copper & Gold Inc. , a recent target of protesters in Indonesia, was hit with more bad news on Thursday when a landslide killed three workers there and a government study criticized some of its environmental practices.

Eagle Plains/Northern Continental Report 2005 Exploration Results on Abo Gold Project, Southwestern British Columbia (Market Wire)
Eagle Plains Resources Ltd. and Northern Continental Resources Ltd. report final results from a two-phase exploration program carried out during the spring and late fall of 2005 on the Abo project, located 5km north of Harrison Lake, British Columbia.

Admiralty Holding Company Completes Survey of Potential Shipwreck Site (Market Wire)
Admiralty Holding Company (Admiralty) announced today that its research ship, the R/V New World Legacy, has completed a survey of an area within a radius of two nautical miles of a point in the Gulf of Mexico.

Eldorado Gold Corporation: 2005 Financial and Operational Results (Business Wire)
VANCOUVER, British Columbia----March 23, 2006--

Indonesia Threatens Freeport With Lawsuit (AP)


Australian Stocks Pushed to Record High (AP)
Australian stocks soared to a new record high Thursday, boosted by mining and energy shares like BHP Billiton and Rio Tinto.

[$$] Peru's Humala vows heavy taxes on mining groups (at FT.com)
International mining companies would face aggressive tax hikes under a government run by Ollanta Humala, the radical nationalist former officer who is the frontrunner in Peru's presidential race.

Tanzanian Royalty Reports More Encouraging Gold Results from Luhala Project (PR Newswire)


Minera Andes' San Jose Project Receives Permit Approval of Enviromental Impact Assessment (Market Wire)
Minera Andes is pleased to announce that the Environmental Impact Assessment, the primary document for permitting the San Jos silver/gold project, has been approved by the province of Santa Cruz, Argentina. This approval allows us to construct the infrastructure, mine, and processing facilities.

Trend Mining Announces Gold Production and Study of Nickel Deposit (PrimeZone Media Network)
Trend Mining Company is pleased to announce that gold production is to commence at Andacollo, Chile, in April, and the Company is focusing its current efforts on evaluating the Mouat nickel-copper deposit at Stillwater, Montana.

Orezone Resources Inc.: Initial Resource Announced for Sega Project (Business Wire)