Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium Mine

Uranium One Inc. announced the signing of a definitive purchase agreement to acquire a 50% interest in the Karatau Uranium Mine in Kazakhstan from JSC Atomredmetzoloto (“ARMZ”), the Russian state-owned uranium mining company. The purchase price will be paid by way of the issuance of 117 million common shares of Uranium One and a cash payment of US$ 90 million (or equivalent promissory note).... 

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Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act

Constellation Copper Corporation announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada). The Lisbon Valley mine was originally financed with a $30.0 million collateralized loan package from Investec Bank (UK) Limited and a $3.0 million subordinated loan from Sempra Metals & Concentrates Corp.. The Investec financing facility was amended in February... 

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GobiMin Signs Framework Agreement To Sell its Chinese Nickel Properties

GobiMin Inc. announce that it has entered into two revocable framework agreements with Xinjiang Xinxin Mining Industry Co., Ltd. to dispose of its three nickel-copper mining properties, namely Yellow Mountain East, Xiangshan and Yellow Mountain, in Hami, Xinjiang Uygur Autonomous Region of the People’s Republic of China. The proposed transaction will be facilitated through the sale of its two... 

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Century Mining Terminates Option To Purchase Rosario De Belen

Century Mining Corporation announced today that it has executed agreements terminating its option to purchase Mina Rosario de Belen, an operating gold and silver mine located in Peru. The agreements to purchase Rosario de Belen were originally announced on May 7, 2007. As a result of the termination of the agreements, all of the shares of Mina Rosario de Belen have been turned back to the previous... 

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Uzbekistan extends tender for 35% of coal producer

Uzbekistan’s State Property Committee has extended a tender for the sale of 35.55% of the shares in coal producer Uzbekugol because no competitive bids have yet been received, a committee source told Interfax. The deadline for submitting bids is now March 12, 2007, and the tender results should be announced during the second quarter of 2007. The source said that preference... 

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MMC Energy, Inc. Executes Letter of Intent to Acquire Desert Power

MMC Energy, Inc. (BULLETIN BOARD: MMCN) (Deutsche Borse: JU1) today announced that has entered into a non-binding letter of intent to purchase Desert Power L.P., owner of a partially constructed 100 MW power plant located in Rowley, Utah for approximately $3.5M in cash and stock as well as the assumption of accounts payable and $28.7M in bank debt. The Desert Power facility is in process of a re-powering... 

Delta Petroleum Corporation Announces Second Quarter Operating Results

Delta Petroleum (Nachrichten) Corporation , an independent energy exploration and development company (“Delta” or “the Company”), today reported operating results for the second quarter and first half of 2006. RESULTS OF OPERATIONS For the quarter ended June 30, 2006, the Company reported net income of $4.2 million, or $0.08 per fully diluted share, and EBITDAX (defined below)... 

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