AngloGold Ashanti Output Up 5% on Geita, Vaal River Turnarounds

AngloGold Ashanti said third quarter production rose 5 percent as a result of continued improvements at its Geita mine in Tanzania and fewer safety related interruptions at its Vaal River operations in South Africa. “We continue to make breakthroughs in effecting the turnaround at Geita,” Chief Executive Officer Mark Cutifani said. “We’ve also made some strong safety gains at... 

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Silver Quest Acquires Additonal Properties in the White Gold Area, Yukon

Silver Quest Resources Ltd. announce that the Company has signed option agreements to acquire a 100% interest in the Sizzler and VO gold properties. The properties are located in the newly recognized White Gold area, approximately 120 kilometres south of Dawson City, Yukon. The principal target on each property is a near surface, bulk tonnage gold deposit, similar to the new discoveries on Underworld... 

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Radisson Mining Sale Properties to Clifton Star

Radisson Mining Resources Inc. a Quebec-based exploration company announced the sale of its Destor and Lepine properties located in Destor township, Quebec, to Clifton Star Resources Inc. (Clifton Star). Consideration to Radisson for the sale of these properties is a total of $250,000 cash on closing. Also, Radisson will retain a 2% net smelter return on the Destor property with no right of buyback... 

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Murgor starts drilling at Abbott Lake, Saskatchewan

Murgor Resources Inc. announced it will start a drilling program at its Fon property in Saskatchewan, on February 23rd, 2009. The drilling program will be testing a target defined by a large electromagnetic geophysical anomaly detected from surface by InfinitEM and confirmed by borehole Pulse EM method. The anomaly is located less than 100 metres on strike and to the east of the Abbott Lake deposit,... 

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Deripaska’s Rusal Tries to Contest Norilsk Nickel Minorities’ Buyback After the Fact

United Company Rusal, the metals conglomerate owned by Russian billionaire Oleg Deripaska, is attempting to reverse the buyback of Norilsk Nickel after the court order freezing the buyback had come too late. When the minority shareholders of Norilsk Nickel confirmed a $2 billion buyout in August, Deripaska demanded a dividend payout instead. The controversial metals tycoon appealed to the Krasnoyarsk... 

FieldPoint Petroleum Corporation Announces Stock Buyback

FieldPoint Petroleum Corporation announced that on October 6, 2008, its Board of Directors authorized the Company to repurchase shares of its Common Stock at an aggregate cost not to exceed $150,000. Stock purchases may be made in open market or privately-negotiated transactions, if and when management determines to effect purchases. Repurchases shall occur subject to prevailing market conditions and... 

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CIC Energy Announces TSX Approval of Share Buyback

CIC Energy Corp. announces that the Toronto Stock Exchange has accepted the Company’s notice of its intention to purchase common shares pursuant to CIC Energy’s previously announced normal course issuer bid. Under this share buyback, CIC Energy will be permitted to purchase up to 2,688,288 of its common shares in the open market over a twelve month period. This represents 5 percent of the... 

U.S. Energy Corp. Board Approves Expansion of Stock Buyback Program

U.S. Energy Corp., a natural resources exploration and development company with interests in molybdenum, oil and gas, and real estate, today announced that its board of directors has approved an expanded stock buyback program. The original buyback program had a maximum limit of $5 million while the new buyback program has been expanded by $3 million to a total aggregate of $8 million. The original... 

CIC Energy Announces Open Market Share Purchases

CIC Energy Corp. announces that its Board of Directors has approved, subject to the approval of the Toronto Stock Exchange, open market share purchases of up to 5 percent of the common shares outstanding over a one year period, through a normal course issuer bid. “In light of the good progress being made on our power station project and the CIC Energy’s strong cash position of $95 million... 

Joy Global Inc. Expands Stock Buyback Program to $2 Billion

Joy Global Inc., a worldwide leader in high-productivity mining solutions, today announced that during its regularly scheduled quarterly meeting on September, 9, 2008, the Company’s Board of Directors authorized an increase and extension of its share repurchase program. The Board’s action increases the authorization from $1 billion to $2 billion and extends the expiration for completing... 

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