The company is pleased to report that an updated independently verified mineral resource estimate has been completed on the Barsele Gold Project near Storuman, in northern Sweden. The study incorporates all drilling to date including the 16 diamond drill holes completed in early 2012. The updated resource estimate on the Central-Avan-Skiråsen gold zones, at a 0.6 g/t cut-off, has outlined an Indicated Resource of 14.1 million tonnes grading 1.21 gold grams per tonne (g/t) or 547,000 contained ounces of gold. In addition, the study has estimated additional Inferred Resources of 20.2 million tonnes grading 0.97 gold grams per tonne (g/t) or 627,000 contained ounces of gold. This represents a 43% increase in the Indicated Resources and a slight 3% decrease in the Inferred Resources from the previous Feb. 11, 2011 resource estimate using the same cut-off grade. The grade of the Indicated and Inferred resources increased slightly in this new estimate.

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SWEDEN GOLD MINING:

• Sweden is one of Europe’s leading producers of metals with a long & successful history of mining
  • 1992 – revised mining law abolished Statutory State holdings for mineral projects, which opened door to foreign investment in mining
  • Many local & international companies actively exploring and/or currently developing mines
• Taxation incentives for project development from local & regional governments
  • 28% corporate tax rate and no mineral tax
  • low mineral license costs & good security of tenure
• Well-developed access & infrastructure
  • power, rail, roads, telecommunications, water
  • skilled local labour market
• Low political risk in Sweden
  • few impediments to exploration & development of a project
  • mature, well-defined environmental requirements & permitting process

Gary Cope, President of Orex, says; “We are very pleased with the significant increase in the Indicated Resource at the Central-Avan-Skiråsen gold zones, which changed from 382,000 ounces to 547,000 ounces in this updated 43-101 resource estimate. Based on the substantial impact our recent 6,200 meter drilling campaign had on the resource estimate, in 2013, we are planning an aggressive exploration program, which will entail geophysics, diamond drilling, bulk sampling and conceptual open pit and underground studies, along with ongoing environmental studies.”

Orex’s technical team feels there is still a good chance to expand the known dimensions of the deposits outlined to date. The principal drilled zones at the Central-Avan-Skiråsen gold deposits, and the Norra VMS deposit, have been converted to Exploitation Concessions.

The mineral resources were estimated by Gary Giroux, P.Eng., MASc. Giroux Consultants Ltd. who is a qualified person and independent of both the Issuer and the vendor, based on the tests outlined in National Instrument 43-101. The Norra volcanic massive sulphide (VMS) zone and the Avan Gold zone were estimated separately, while the Central and Skiråsen zones were combined. The Avan, Central and Skiråsen zones are all considered to be structurally controlled mesothermal gold deposits.

When considering the sensitivity of the 2012 resource estimate to cut-off grade, a reduction in cut-off from 0.6 g/t gold to 0.4 g/t gold yields an increase in Indicated Resources from 547,000 ounces to 595,000 ounces (+8.8% increase) and an increase in Inferred Resources from 627,000 ounces to 862,000 ounces (+37.5% increase).

READ THE FULL REPORT:[orexminerals.com]

Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 5.5 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d’Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.

Today Randgold operates four gold mines: Morila, Loulo and Gounkoto in Mali and Tongon in Côte d’Ivoire. A fifth mine, Kibali in the Democratic Republic of the Congo, is currently being developed and first gold is scheduled for the end of 2013. The Massawa project in Senegal is at feasibility stage and exploration programmes are underway in Burkina Faso, Côte d’Ivoire, DRC, Mali and Senegal.

Substantial progress at the Kibali gold mine development project and Randgold’s flagship Loulo complex was offset by grid power supply problems at the Tongon mine and lower grades processed at Gounkoto, as Randgold Resources’ third quarter results held steady but did not match its record second quarter performance.

“The challenges we faced are to be expected when you develop and run mines in remote parts of Africa and, as our record shows, we’re more than capable of managing them,“ Chief executive Mark Bristow described the third-quarter results as a mixed bag, but with the good far outweighing the bad.

Q3  profit  of  US$121.3 million  was  down  15%  on  the  prior  quarter,  primarily  on  the  back  of  lower  sales,  but  in  line  with  the  corresponding  quarter  in  2011.  Production  was  204 475  ounces  of  gold  against  Q2’s  210 534  ounces  and  182 362  ounces  in  Q3  of  2011, while the total cash cost per ounce was US$737 (Q2: US$703/Q3 2011: US$747). Ounces sold dropped by 10% quarter on quarter, affected by the timing of gold shipments at quarter end being disrupted by the annual stock take at the refinery.
Highlight of the quarter was the strong improvement at Loulo, which increased production by 78% and reduced total cash cost per ounce by 8%. Tonnes mined and processed were mostly from Loulo’s two underground mines, Yalea and Gara, which are now beginning to deliver their full potential. Both mines also achieved a steady rise in stoping and development rates.

Relative to Loulo’s improved delivery, Gounkoto’s contribution to the complex’s results was down as forecast, however grades processed were lower than planned due to less ore being mined and more medium grade stockpiled material being fed to make up for increased plant throughput. Meanwhile, a geotechnical review has confirmed the potential for an underground mine at Gounkoto, where an underground resource of more than 1 million ounces at a grade in excess of 5g/t has been identified. Infill drilling for a prefeasibility study, due for completion early in 2013, is underway.

Kibali’s development remained on track for first gold production by the end of 2013. All key contracts have now been agreed and the mine’s costing schedule has been finalised. While open pit mining has already started, the plant foundations are being readied to receive the two giant mills currently being trucked to the site from the port of Mombasa. The site clearing programme is also on schedule, with more than 1 000 families already resettled in the new model village of Kokiza.

Tongon suffered from frequent outages in its national grid power supply, which continued to impact negatively on plant availability and recovery and hence on production and costs. Since the mine was connected to the grid last December, the erratic power supply has cost it some 50 000 ounces in lost production. While below plan, production of 56 381 ounces was in line with that of the prior quarter. Steps being taken to stabilise the power supply include the installation of a new capacitor bank and five additional generator sets, as well as a reconfiguration of the power house feeder arrangement.

In Senegal, Massawa is one of the largest undeveloped orebodies in Africa at 3 million ounces. Exploration continues to find additional ounces as well as to improve Randgold’s understanding of this complex deposit. Pilot plant testwork to determine the project’s optimal operational parameters is scheduled for next year. Randgold is currently in discussion with the Senegalese government about the possibility of securing a hydropower supply.

Chief executive Mark Bristow described the third-quarter results as a mixed bag, but with the good far outweighing the bad. “The challenges we faced are to be expected when you develop and run mines in remote parts of Africa and, as our record shows, we’re more than capable of managing them. They should not cloud the real achievements of the quarter, particularly the fine performance by Loulo’s underground mines and the rapid progress we continue to make at Kibali. Production and costs for the final quarter are forecast to again show significant improvements” he said.

The result of the third quarter was affected by external factors, such as prices, terms and exchange rate effects as well as internal profit eliminations due to increased inventories of internally supplied concentrates.

“We have a metals market characterized by large price fluctuations, in a weakened global economic climate. However, the quarter has not been a dramatic one as far as Boliden is concerned: Production levels have been stable, and our expansion projects are proceeding according to plan. Production has begun at the new Kankberg gold mine and has generated a small amount of gold. We have also maintained our sales volumes to industrial customers in a weaker European market,” says Boliden’s President, Lennart Evrell.

Boliden Mines posted a result of SEK 842 (1 047) million. The result improved by SEK 116 million in comparison with the second quarter, primarily as a result of better prices and terms, and lower costs. The copper production levels were higher than in the previous quarter, but volumes fell for other metals due to lower grades.

Boliden Smelters posted a result, excluding the revaluation of process inventory, of SEK 292 (356) million. The result improved by SEK 52 million in comparison with the second quarter due to better terms and lower costs. The zinc smelters’ production levels were stable, but copper production fell slightly, primarily as a result of maintenance stops. Electronic scrap processing levels fell slightly during the quarter due to increased processing of lead concentrate at the Rönnskär smelter.

“The future continues to be unclear and we can expect continued fluctuations in metal prices. On the plus side, our production is stable and the maintenance stops for 2012 are done” says Lennart Evrell.

www.boliden.se

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At 30th December 2011, La India Project had a JORC Code Resource of 1,620,000 oz gold at 5.6g/t. The corporate objective in 2012 is to increase the resource to 2m oz gold and convert Inferred resources to Indicated and complete feasibility studies. Condor has a total resource of 1,707,000 oz gold in Nicaragua.

Highlights

• CIM compliant, Mineral Resource of 2,375,000 oz gold at 4.6 g/t, increase by 46% and exceeds year end target of 2,000,000 oz gold
• Reporting of initial open pit Mineral Resource of 954,000 oz gold at 3.6g/t gold
• Underground Mineral Resource of 1,418,000 oz gold at 5.5g/t gold
• Indicated Mineral Resource 751,000 oz gold increases 285%
• Maiden silver Mineral Resource of 2,280,000 oz silver at 6.5g/t silver
• 2,410,000 oz gold equivalent (adding the gold and silver Mineral Resources)

Mark Child, Chairman and CEO commented:

“The Resource update of 2,375,000 oz gold at 4.6 g/t gold for La India Project is split for the first time into a high grade open pit resource, of 954,000 oz gold at 3.6 g/t gold using a 1.0 g/t cut off in addition to an underground resource of 1,421,000 oz gold at 5.5 g/t gold. The Indicated Mineral Resource has increased 285% to 751,000 oz gold. I am particularly pleased that the open pit resource contains 534,000 oz gold at 3.9 g/t in the Indicated category as this provides the Company with a higher degree of certainty that La India Project can be fast tracked towards production and due to the high gold grade should be attractive from an economic perspective. The independent resource has been reported to CIM standards for the first time as opposed to JORC Code in order to broaden the appeal of the Company to North American investors. The Company intend to compile a NI43-101 style technical report to detail the current update in due course.

The La India Project has considerable potential to continue the expansion of the size of the gold Mineral Resource. It continues to develop into 3 main areas, separated by 1km to 1.5km, that could feed a centralised processing facility: The 3 main areas consist of the La India Vein Set of 1,484,000 oz gold at 4.0 g/t (containing the open pit resource), the America Vein Set of 403,000 oz gold at 6.0 g/t gold and the Mestiza Vein Set of 334,000 oz gold at 7.0g/t gold. The next phase of drilling will aim to increase the size and geological confidence of the open pit resource and determine whether the historic mine on the America vein, which produced approximately 200,000 oz gold at 13.0 g/t prior to its closure in 1956 is similar to La India vein and also has coalescing veins and contains a resource with potential for open pit mining”.

Condor has a JORC Code Resource of 1,004,000 oz gold equivalent in El Salvador, but unfortunately there is a moratorium on all mining in that country.

Condor’s management team have extensive experience in mineral exploration, project development and project financing, ensuring that the Company has the best possible opportunity to achieve exploration success and take La India Project through to a bankable feasibility study.

The Company was successfully admitted to the London Stock Exchange, AIM Market, on 31st May 2006.

Please click here to see the latest Resource and Reserve update.

Please click here for the June 2012 Corporate Presentation.

For further information please visit www.condorgold.com.

Glencore strongly protests the action taken by the Government of Bolivia and reserves its rights to seek fair compensation pursuant to all available domestic and international remedies.

The Colquiri mine has paid royalties, taxes and fees to the Bolivian State of over $70 million. Payments from all our operations to the Government and Comibol have been in excess of $300 million.

Capital investment across our operations in Bolivia has totaled more than $80 million ($22 million in Colquiri). The nationalisation of the Colquiri mine was announced just as Glencore was finalising the renegotiation of its mining contracts with the Government of Bolivia. The new agreement would have provided for a State participation of up to 55% of the profits (increasing the total Government take to 77- 79%), and would have included further investment commitments from Glencore of over $160 million over the next five years, of which at least $56 million alone would have been invested in the Colquiri mine.

To date, Glencore has invested over $250 million in the Bolivian mining industry and wider economy. Our investment provides several communities with jobs, education, access to healthcare and improved infrastructure.

Glencore believes commercial investment enables resource-holding countries to maximise the value generated by their natural resources for the benefit of their people. The action taken by the Government of Bolivia will pose a number of serious questions relating to the Government’s future policy towards foreign investment in the mining sector.

For further information please contact:

Paul Smith (Investors) t: +41 (0)41 709 2487 m: +41 (0)79 947 1348 e: paul.smith@glencore.com

Elisa Morniroli (Investors) t: +41 (0) 41 709 2818 m: +41 (0) 79 833 0508 e: elisa.morniroli@glencore.com

Charles W atenphul (Media) t: +41 (0) 41 709 2462 m: +41 (0) 79 904 3320 e: charles.watenphul@glencore.com

Simon Buerk (Media) t: +41 (0)41 709 2679 m: +41 (0)79 955 5384 e: simon.buerk@glencore.com

Finsbury (Media) Guy Lamming Dorothy Burwell t: +44 (0)20 7251 3801About Glencore International plc Glencore is one of the world’s leading integrated producers and marketers of commodities, headquartered in Baar, Switzerland, and listed on the London and Hong Kong Stock Exchanges. Glencore has worldwide activities in the production, sourcing, processing, refining, transporting, storage, financing and supply of Metals and Minerals, Energy Products and Agricultural Products.

BOLIDEN–

Boliden’s new electronics recycling facility at the Rönnskär copper smelter is opened today by the Minister for the Environment, Lena Ek. The SEK 1.3 billion investment increases the smelter’s capacity to 120,000 tonnes per year and thereby makes Boliden world leader in electronics recycling.

The increased use of electronic products, shorter product lifecycles and stricter legislation governing electronic waste, means that the global availability of electronic scrap is increasing.

“A growing share of the metal production will originate from recycling. With this project Boliden combines high environmental performance with good business returns,” says Lennart Evrell, President and CEO of Boliden.

Boliden’s new facility increase Rönnskär’s electronics recycling capacity to 120,000 tonnes per year. The expansion project started in 2010 and the smelting of electronic material in the new facilities began as planned in January 2012.

“Boliden Rönnskär has for many years been a technological leader in the field of recycling electronics. This expansion takes advantage of our extensive experience in recycling electronics and enhances our competitive position in a growing market,” says Roger Sundqvist, General Manager at Rönnskär.

The investment is in line with Boliden’s view of metals’ eco-cycle in a sustainable society. By increasing Rönnskär’s capacity, Boliden is helping ensure that more electronic scrap is recycled, rather than being sent to landfills.

www.boliden.com

Hochschild currently operates four underground mines, three located in southern Peru and one in southern Argentina as well as one open pit mine in northern Mexico. All our underground operations are epithermal vein mines and the principal mining method is cut and fill. The ore at our operations is processed into silver-gold concentrate or doré.

Hochschild Mining is listed on the Main Market of the London Stock Exchange and is headquartered in Lima, Peru. In addition, the Group has offices in Argentina, Chile and Mexico and a corporate office in London.

The company held its Annual General Meeting of shareholders in London. Eduardo Hochschild, Executive Chairman, made the following remarks:

“I am pleased to report that Hochschild Mining plc once again delivered a resilient performance in 2011, despite the continued global economic crisis.  The company met its key objectives for the year; including the completion of feasibility studies for two of our Advanced Projects, the achievement of our annual operating targets, and the ongoing evolution of our exploration based strategy.

To give you a brief overview of results: production was in line with expectations, at 22.6 million attributable silver equivalent ounces, and the Company recorded an impressive 42% increase in EBITDA to $563 million, on the back of revenue of almost $1 billion, principally due to strong precious metals prices. Earnings per share was up by 75% to 49 cents.

With that in mind, the Board has recommended a final dividend for the year of 3 cents per share, bringing the total dividend for 2011 to 6 cents per share, a 20% increase over the total dividend for 2010.  This confirms the confidence we have in the business going forward and the ongoing strength of our balance sheet.

In 2011, our management team firmly embedded the exploration strategy within the Company. During the year we completed over 315,000 metres of drilling and we raised our exploration budget for 2012 to $90 million, another record for the Company. This considerable commitment has already begun to bear fruit, with an 11% increase in the life-of-mine of our core assets in 2011, to 9.7 years, and an increase in our ‘Company Maker’ pipeline from eight to 13 projects, significantly strengthening our project pipeline. I firmly believe that this strategy will deliver profitable long-term production growth to our shareholders.

In 2012 we expect to see the first crucial steps in the construction phase of our two exciting projects at Inmaculada and Crespo, which have the potential to contribute attributable annual production of 10 million silver equivalent ounces, increasing current production levels by 50%.

Hochschild Mining remains in a very solid financial position with a cash balance of US$590 million as at 31 March 2012, and minority investments of over US$396 million. The Board remains confident that the Company has the financial flexibility to continue to pursue high return investment opportunities, whether in brownfield expansion at our existing mines, value enhancing acquisitions, or adding to our exploration investment.

During 2011 there were a number of changes to the Board. In light of Dionisio Romero’s decision to retire as a Non-Executive Director after today’s meeting and Sir Malcolm Field retiring at the end of this year, we appointed Dr Graham Birch and Rupert Pennant-Rea as Non-Executive Directors.  Both Graham and Rupert bring with them extensive and relevant experience in the natural resource industry.

As this is their last AGM, I would like to express my sincere gratitude to both Malcolm and Dionisio for their counsel and invaluable contributions to Hochschild since joining the Board back in 2006.

I am pleased to confirm that Jorge Born was appointed by the Board yesterday to replace Dionisio on the Company’s Nominations Committee.

Finally, on behalf of the Board, I would like to thank the entire talented Hochschild team for another year of strong performance in 2011, and our shareholders, for your continued support.”

___________________________________________________________________________

Enquiries:

Hochschild Mining plc

Charles Gordon                                                                                    +44 (0)20 7907 2934

Head of Investor Relations

RLM Finsbury

Charles Chichester                                                                              +44 (0)20 7251 3801

Public Relations

___________________________________________________________________________

About Hochschild Mining plc

Hochschild Mining plc is a leading precious metals company listed on the London Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration, mining, processing and sale of silver and gold. Hochschild has almost fifty years’ experience in the mining of precious metal epithermal vein deposits and currently operates four underground epithermal vein mines, three located in southern Peru, one in southern Argentina and one open pit mine in northern Mexico. Hochschild also has numerous long-term prospects throughout the Americas.

Boliden --

Boliden has launched a pilot study for a new expansion at the Aitik mine and is now also investigating a new copper mineralisation

- Laver - in Norrbotten, Sweden. Preliminary estimates have classified the Laver deposit as an Exploration Result, and not - as yet - as a Mineral Resource.

The initial focus is on increasing production to 45 million tonnes of ore per year, but the potential for a later expansion up to 65 million tonnes will also be evaluated.

"Aitik is currently producing at an annual rate of 33 million tonnes of ore and is hence nearing the expansion's goal of 36 million tonnes of ore per year by 2014. The geological potential is substantial, our facility is very competitive and we are therefore initiating a study to evaluate how we can take this further, initially to 45 million tonnes," says Lennart Evrell, Boliden's CEO.

The exploration results at Laver to date indicate that this is a mineralisation of approximately 500-700 million tonnes with a copper grade of between 0.15 and 0.25% and a gold grade of between 0.10 and 0.15 g/tonne. The mineralisation also contains silver and molybdenum. The Laver mineralisation is located approximately 100 km north of Boliden.

"Laver is an early stage discovery with a substantial potential. The mineral resource calculation is scheduled for the autumn of 2012 and approximately 7,000 meters additional drilling is required for this," says Jan Moström, President of Boliden's Business Area Mines.

"Copper mines in the world are becoming deeper and ore grades are constantly falling, and projects command high acquisition prices, so it's exciting that Boliden is developing new possibilities for organic growth," says Boliden's President, Lennart Evrell.

Aitik' s present mineral reserve is 710 million tonnes with a average copper grades of 0.25 % and gold grades of 0.14 g/tonnes. Mineral resources are 1, 670 Mtonnes (measured and indicated).

Source:www.boliden.com

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Strömsund–

The forever emerging Engcon(Founder Stig Engström)  released it’s latest in product development earlier this week with “The Microprop DC2.”

Microprop DC2 meets the relevant safety requirements and incorporates the latest technology for tilt rotators — now with track and wheel control!

With the new, stepless proportional control system, Microprop DC2 (Digging Control), your excavator with all controls literally at your finger tips, there’s nothing stopping you. Microprop DC2 can be used for tiltrotators, track or wheel control and boom control. Microprop DC2 is quick to install and easy to calibrate and fine-tune.

For more information on Engcon:

www.engcon.se