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New Management at Ivanhoe Mines |
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Tuesday, 15 May 2012 14:54 |
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Rio Tinto and Ivanhoe Mines announced on April 18, 2012, that Rio Tinto would name a new top-management team for Ivanhoe and that a number of directors of the Ivanhoe board would be replaced by Rio Tinto-nominated directors.
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AuRico Sells Three Mines, Readies One for Startup |
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Tuesday, 15 May 2012 14:53 |
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AuRico Gold announced on March 27, 2012, an agreement to sell its Stawell and Fosterville gold mines in Victoria, Australia, to Crocodile Gold for total consideration of up to C$105 million in cash and Crocodile shares and followed up with an announcement April 15, 2012, of an agreement to sell its El Cubo silver-gold mine and Guadalupe y Calvo silver-gold development project in Mexico to Endeavour Silver for up to $250 million in cash and Endeavour shares.
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Galaxy Bids for Lithium One |
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Tuesday, 15 May 2012 14:53 |
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Galaxy Resources announced on March 30, 2012, a planned, friendly acquisition of Canada-based Lithium One for about C$112 million in Galaxy shares.
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Rio Tinto Reviewing Options for its Diamond Business |
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Tuesday, 15 May 2012 14:52 |
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Rio Tinto reported in late March 2012 that it had begun a strategic review of its diamond business that will include exploring a range of options for potential divestment of its diamond interests.
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Atlantic Ltd reports increase in drilling and surveying at Windimurra |
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Friday, 11 May 2012 12:26 |
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Atlantic Ltd. reported in early April 2012 that drilling and surveying in recent months at its Windimurra vanadium project in Western Australia has increased the JORC-compliant global mineral resource for the project by 33 million mt to 243 million mt grading 0.48% V2O5, a 16% increase on the previous global mineral resource. The grade across the larger resource tonnage increased to 0.48% V2O5 from 0.47% V2O5, with an increase in average grade to 0.50% V2O5 in the southern mine area of the deposit.
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