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 TORONTO, ONTARIO-(Marketwire -12/05/11)- Kinross Gold Corporation (TSX:K.TO – News)(NYSE: KGC – News) announced today there are reached a non-binding agreement in principle using the government of Ecuador regarding key fiscal and legal parameters for any exploitation of the Fruta del Norte (FDN) deposit in Ecuador’s Zamora Chinchipe province. Several additional steps need to conclude ...

Investors are pondering why Russian steel-maker Magnitogorsk Iron and Steel Works is buying Flinders Mines (ASX:FMS) for A$554 million. Flinder’s main asset is the Pilbara iron ore project, a 917.3Mt JORC-compliant resource located in Western Australia. MMK is Russia’s third largest steel company. This past year it had revenue of $7.7 billion and net income ...