Platinum Exploration Projects Update New Large Funded Joint Venture With JOGMEC
Platinum Group Metals Ltd. provides the following updates on its platinum projects including a second new joint venture with Japan Oil Gas and Metals National Corporation (“JOGMEC”), owned by the government of Japan, covering a new 118 square kilometres platinum exploration area. R. Michael Jones, President of Platinum Group Metals, said, “Our main focus right now is on advancing...
New Dawn’s Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program
Ian R. Saunders, President and CEO of New Dawn Mining Corp. announced that New Dawn’s 100% wholly-owned Turk Mine in Zimbabwe has resumed full-scale mining operations. The current initial production rate of 250 tonnes per day should result in approximately 700 to 750 ounces of gold being produced monthly at an average cash cost of approximately US$500 to US$550 per ounce. Over the next several...
New Dawn Mining Corp. Provides Update on Operations in Zimbabwe
New Dawn Mining Corp. reported that it has determined to suspend gold production at the Turk Mine in Zimbabwe and place the mine on temporary “care and maintenance” effective October 3, 2008. This action was taken as a result of the continued non-payment of amounts receivable for the sale of gold to the Reserve Bank of Zimbabwe, as well as excessively high operating costs caused by unrealistic...
HTX Minerals Corp Forms Strategic Alliance with Impala Platinum
HTX Minerals Corp announce that it has entered into a strategic alliance with Impala Platinum Holdings Limited, the world’s second largest primary platinum producer. The alliance will focus on PGE-Nickel exploration in Ontario, Canada. Under the terms of the strategic alliance agreement, Implats will fund $900,000 towards HTX’s Nickel-Copper-PGE Ontario project generation activities over...
Caledonia Mining to focus on gold and cobalt projects
Canadian miner Caledonia Mining Corp is expecting to report an operating profit in the fourth quarter of 2006 but its directors have decided against re-opening the Barbrook Mine in South Africa, which was crippled by industrial action in November last year. Caledonia will now focus on gold and cobalt concerns in Zimbabwe and Zambia, it said in a statement. In the statement Thursday, Caledonia said...
Implats to lift platinum group production to 2.3 million ounces by 2010
Impala Platinum (Implats) and Aquarius Platinum’s expansion of output at its Mimosa Platinum mine in Zimbabwe is one of many steps in a broader strategy to increase Implats’ production of platinum group metals (PGMs) to 2.3 million ounces in 2010. The owners of Mimosa announced today they would increase production here to 195,000 platinum group metals ounces or 100,000 platinum ounces,...
Magnus International Resources Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa
Magnus International Resources, Inc. announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio into Africa, which holds 55% of the known global gold resource and is experiencing...
Magnus Acquiring African Mineral Fields to Explore Mineral Opportunities in Africa
Magnus International Resources (“Magnus”) ”the Company”) NASD OTC-BB: ”˜MGNU’) announced today that it has entered into a letter of intent to acquire African Mineral Fields, a company which holds an exclusive option to acquire 100% interests in four gold projects in Uganda. The acquisition comes as part of Magnus’ decision to expand its mineral portfolio...
Zimbabwe: Mineral Base Set to Develop As ZMDC Acquires Sandawana
ZIMBABWE Mining Development Corporation (ZMDC) has acquired Sandawana Mines in a move that is expected to develop the mineral base at the Mberengwa mine. In a statement released last week, ZMDC said the acquisition was achieved through the purchase of shares from the majority shareholder, Northbrook Ltd, registered in the British Channel Islands and was in line with the corporation’s growth strategy. “This...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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