Alto Group Holdings Inc. Amends Letter of Intent on Ashanti Gold Project

Alto Group Holdings, Inc., has announced that the Company has amended the previously announced Letter of Intent (L.O.I.) in regards to certain mining rights in Ghana, West Africa. Alto plans to form a joint venture with the mineral rights owners, Castle Peak Mining Ltd. and will formulate a definitive Joint Venture Agreement by the end of 2009. Under the terms of the amended L.O.I. the Company shall... 

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Hidalgo Mining International New Production Plan in Ghana

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today to shareholders its new production plan in Ghana, West Africa. Mark Daniel Klok, President of HMIT, stated, “Due to the recent coup and instability in Guinea, management has implemented an alternative production plan to protect its shareholders from further political risk, an unstable... 

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Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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