Golden River Resources Corporation announced that it has reached agreement with Acadian Mining Corporation to subscribe in a private placement transaction for up to 338,111,334 common shares in Acadian for aggregate gross investment of up to C$10 million. The Offering is contemplated to close in two or more tranches. Following closing of all tranches, Golden River will hold 68.45% of Acadian. The...
Ivernia Inc. and it’s wholly owned subsidiary, Magellan Metals Pty Ltd announce final approval by the Western Australian Minister for Environment for the Company’s sealed shipments of Magellan lead carbonate concentrate through the Port of Fremantle in Western Australia. Magellan’s sealed shipment process has been extensively reviewed and endorsed by all relevant regulatory authorities....
Uranium One Inc. and Mitsui & Co., Ltd. of Japan announced that all regulatory approvals required to close the joint venture transactions previously announced on October 15, 2008 have been obtained. Mitsui has now acquired a 49% interest in the Honeymoon project and Uranium One’s Australian exploration portfolio including the Goulds Dam and Billeroo projects, and other prospective tenements...
Magellan Metals welcomes a decision by the Western Australian Government which will allow the export of the Company’s 8,000 dry metric tonne lead carbonate concentrate stockpile at the Port of Esperance. Magellan is working to a timeline which has now been agreed with the State Government and the Esperance Port Authority (EsPA) to implement the Lead Removal Plan in early January and complete...
Empire Energy Corporation International announced, along with its wholly owned Australian subsidiary Great South Land Minerals Ltd. (GSLM), that the transportation of the Hunt drill rig to the Bellevue #1 well site is underway. Subject to permit and inspection, the drill rig should be set up and operating by mid December. Since the pre-drilling has been completed, the Hunt rig is expected to reach...
Paladin Energy Ltd and Fusion Resources Limited announce that Paladin intends to make an off-market scrip takeover offer for Australian and Toronto Stock Exchange listed minerals exploration company Fusion. This announcement was made after close of trading on the ASX. The consideration under the Offer will comprise 1 fully paid ordinary Paladin share for every 6 fully paid ordinary Fusion shares,...
Waratah Coal Inc. announce that the Queensland Government has declared the Galilee Coal Project (Northern Export Facility) a ‘Significant Project’ for which an Environmental Impact Statement (EIS) is required. Waratah Coal President and CEO Peter Lynch today said, “This declaration reflects the effort and cooperation that has been achieved between Waratah Coal and the Queensland...
Lions Gate Metals Inc. announce that the Company has completed their staking of the Poplar Project land claim with a total of 49,683 hectares surrounding both the Poplar and China Creek projects. These claims were staked to cover the entire potential porphyry copper body in the region. Work has commenced on the Poplar/China Creek project to prepare the property for the permit application process in...
Research and Markets has announced the addition of the “Asia-Pacific Oil & Gas Sectors : A Company and Industry Analysis (August 2008)” report to their offering. This report updates the previous Asia-Pacific oil and gas report, focusing on the markets in Australia, China, India, Indonesia, Japan and South Korea Current Environment – Key Points - Crude oil prices rose 66% from...
The world witnessed a step towards a fundamental element of peace, stability and socio-economic development when Angolan citizens voted during the legislative poll held September 5, 2008. An Australian professional mining company CityView Corporation is rewarded for its foresight and now revels in a most enviable position. Oil is the backbone of Angola’s economy and they have some of the most ambitious...