New Pacific Metals Corp. announces its unaudited consolidated financial results for the second quarter ended December 31, 2010. All references to dollars or monies are expressed in Canadian Dollars. SECOND QUARTER HIGHLIGHTS The Company: – successfully acquired 100% of issued and outstanding shares of Tagish Lake Gold Corp. (“TLG”), a Canadian publicly traded company involved in the exploration and development of gold-silver...
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the “Project”), announced that it has received the aggregate first deferred subscription payment from its joint venture partners of approximately $42.2 million. The payment has been placed in Global Alumina’s escrow account and will be used...
Global Alumina Corporation, a corporation participating in a joint venture to develop an alumina refinery, mine and associated infrastructure in the bauxite-rich region of the Republic of Guinea (the “Project”), announced that the joint venture has approved an extension and increase to the interim Project budget through September of $30.9 million (including $5 million in additional commitments) of which Global Alumina will be responsible...
Brush Wellman Inc. announced today that it has entered into a licensing agreement with Mafco Inc. of Largo, Florida to acquire corrosion protection coating technology as applied to beryllium materials. The technology will be utilized on select beryllium metal and aluminum beryllium composite products manufactured by Brush Wellman’s Beryllium Products unit. The acquired Mafco technology includes anodization and chemical film coating. Protective and...
Kaiser Aluminum announced that the applicable energy surcharge for August shipments of fabricated products will be: 6xxx alloys: $0.048 per pound All other alloys: $0.066 per pound The surcharges are based on a calculation tied to indices provided by the U.S. Department of Energy and are updated on a monthly basis. Customers can view the formulas for calculating surcharges on the Kaiser Aluminum Web site at www.kaiseraluminum.com....
State-owned Saudi Arabian Mining Company (Maaden) yesterday launched an initial public offering to raise 9.25 billion riyals ($2.47bn) in the Middle East’s biggest mining IPO, valuing the firm at $4.9bn. Maaden plans to sell 462.5 million of stock – equivalent to 50 per cent of its share capital – at 20 riyals each with subscriptions closing on July 14, according to the bourse regulator, the Capital Market Authority (CMA). The IPO...
Guyana Gold Corp. is pleased to report that it has received a joint venture proposal to develop the Port Kaituma Gold Project. The proposal would expand the company’s land position and increase the scale of the Port Kaituma project. Guyana Gold Corp. had received a number of joint processing proposals and has now expanded those proposals to include ownership in the Port Kaituma project. Guyana Gold Corp.’s plans are to build a modern processing...
Ord River Resources announced that exploration by SARCO has identified an independently certified JORC compliant indicated bauxite resource of 62Mt. This resource is present on the Yuqida tenement located in Bolaven Plateau in southern Lao PDR. Further drilling is continuing on the Yuqida tenement with the aim of defining further resources. Drilling will continue through the wet season subject to access and safe working conditions. Original Announcement:...
Navasota Resources Ltd. is pleased to report that aircore drilling on the Telimele and Gaoual (“AMIG”) permits of its Koba Bauxite Project located in the Boke Bauxite Belt of northwestern Guinea, West Africa, continues to progress well. As of May 29, 2008, a total of 28,722 metres in 1,630 drill holes have been completed on the project, including 9,538 metres in 495 Phase 1 drill holes and 19,184 metres in 1,135 Phase 2 drill holes. Another...
Orissa-based Vedanta Alumina Limited (VAL) is set to export bauxite powder overseas from the Deep Water Port with the setting up of three silos here. Kakinada Sea Port Limited (KSPL), in association with Chettinad Port Limited, had constructed these silos at an investment of Rs 80 crore, which have a capacity of 67,500 tonnes. Around 20,000 tonnes of bauxite powder have already been stored in the silos. The first vessel is likely to carry the bauxite...
Pacific Energy Development and Blast Energy Services Sign Merger Agreement
Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged...
Silvore Fox Updates Progress on Winston Lake and Coxheath
Silvore Fox is pleased to announce that they have received the results of the Geotech Ltd VTEM...
Sign up to receive daily email updates of Mining Top News headlines. Enter your email address below: