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Reuters: Kinross Gold to pay $350 million for full ownership of Russian mine

Kinross Gold, recently cashed up from its stake sale in Harry Winston Diamond Corp., has now agreed to pay $350 million for full ownership of the Kupol mine in Russia. The mine would account for about 17% of Kinross' gold equivalent production in 2011. Reuters reports: Gold miner Kinross Gold Corp. said it signed an agreement to buy the stake it does not already own in Chukotka Mining and Geological Co for about $350 million, giving it full ownership of the Russian mining company.

The West Australian reports a loss of mine workers to the east coast

Western Australia could struggle to find the people needed to exploit the biggest mining boom in more than a century, the West Australian reports, because of fly-in, fly-out workers heading to other parts of Australia.
As Premier Colin Barnett called for increased immigration, including guest workers, to deal with skills shortages in WA's north, a BIS Shrapnel senior analyst warned that competition with Queensland to man projects was so intense that WA could lose out to its fellow resources State.

Australian mining: new online forum launched to discuss skills shortage in mining industry

Australian Mining has announced that a new online forum has been developed to discuss issues of the skills shortage in the mining sector in Australia.

Mining for Skills, developed by Manpower, is an online forum hoping to engage people and companies at all corners of the resource industry, from government and resource companies to recruitment professionals and job seekers.
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