Ernest Harrison, Chairman of Millstream Mines Ltd. announce that Nirek Resources Inc.’s Option to purchase a 49% interest in Millstream’s Tamarack Gold property (PR April 01/08) has been terminated and is no longer valid. Accompanying the original signed Letter of Intent between the parties Millstream issued to Nirek a non-brokered Flow-through share (FTS) Offering priced [...]

At London’s Mines and Money Awards Dinner on December 3rd, Africo Resources Ltd. was recognized for its outstanding and innovative community service in the Katanga Copperbelt, where the company’s major project is located. Ms. Sauda Kilumanga, Community Relations manager, accepted the award for Africo’s Wheelchairs for Kids program.
Physical disability in a developing country with scant [...]

FNX Mining Company Inc. and Gold Wheaton Gold Corp. announced that they have restructured the terms of the deferred $50 million payment from Gold Wheaton to FNX previously due on January 15, 2009, which was to have been satisfied through the issuance of Gold Wheaton share purchase warrants. Under terms of the revised transaction, Gold [...]

Katanga Mining Limited confirms that, following an isolated fire incident in mid-November, a replacement transformer has been successfully fitted at the Luilu metallurgical facility and production of copper and cobalt metal from Luilu has now resumed.
Steven Isaacs, Interim CEO, Katanga Mining Limited said, “I am pleased to report that a replacement transformer has been successfully [...]

Cantex Mine Development Corp. announce that Vale International SA, a wholly-owned subsidiary of Companhia Vale do Rio Doce, has signed a letter agreement for the Company’s Suwar, Wadi Qutabah nickel, copper, cobalt and platinum group element projects in Yemen.
Vale’s minimum exploration commitment under the agreement is US $2 million to be spent prior to August [...]

VMS Ventures Inc. announce that it has signed a Letter of Intent (”LOI”) outlining terms and conditions to acquire a 100% interest in the Dunlop Reed Lake Claims from W. Bruce Dunlop Ltd..
The Dunlop Reed Lake claims are currently subject to an Option Agreement between the Company and the Vendor dated August 1, 2006 and [...]

Baja Mining Corp. advises that due to the current global financial crisis, it has elected to delay construction activities at the Boleo Project, Mexico.
While project economics remain robust even at low metal prices, the impact of the current financial crisis on short term metal prices and hedging prices, coupled with an effective shutdown of the [...]

CAPELLA RESOURCES LTD. announce assay results from the 2008 sampling program on its Labrador Base Metals Initiative. The company is actively exploring for nickel, copper, cobalt and other metals in central Labrador. Labrador is largely underexplored and hosts several new nickel and base metal discoveries, including Voisey’s Bay nickel-copper-cobalt deposit.
The Property was flown by a [...]

Katanga Mining Limited has announced that it has commenced a review of capital expenditure commitments with a focus on optimizing its development program considering current market conditions.
While the review is progressing capital expenditure for Phase 2 of the Kamoto rehabilitation project will continue.
Interim Chief Executive Officer Steven Isaacs said:
“This review will help us focus on [...]

BacTech Mining Corporation has applied for $10 million in government funding to build a pilot bioleach plant in the Cobalt area of Northern Ontario to neutralize the arsenic-laden tailings dumped there in the early 1900s. High grade silver was discovered in the Cobalt area in 1903, which led to a Klondike-like rush. Between 1903 and [...]