Gold Coast Mining and Western Sierra Expand Mining Agreement

Gold Coast Mining Corp. announced that the Company and Western Sierra Mining Corp. have agreed to expand their current joint venture. Western has agreed to contribute its SunGold Mine project to the joint venture. SunGold consists of 75,000 ounces of indicated gold resources worth an estimated $60 million dollars. The SunGold mine is located about 24 miles southwest of Prescott, Arizona and consists... 

Gold Star Resources Latest Onshore Opportunity in West Africa

Gold Star Resources Corp. having signed a letter of intent (LoI) with Bengal Bight Ghana to acquire 100% of the hydrocarbon rights to the Tiampoum mining concession, approximately 1,000 square km, in Cote d’Ivoire, which was announced by the company on March 9. In January GXX entered West Africa when it bought a company with a Liberian license. Patrick Morris, GXX’s President and CEO,... 

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Midway Announces Director Changes

Midway Gold Corp. reports the two vacancies on the board of directors have been filled by the appointment of Daniel Wolfus and Frank Yu as directors. It is with regret that we report that Brian Bayley has resigned as a director, and the board and management of the Company sincerely thank him for his guidance, support and service. Daniel Wolfus joins the Board of Midway with over 28 years of investment... 

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Zoro Mining Executes Earn-In/Option Agreement for Escondida Project Development, Region III, Chile

Zoro Mining Corp. announce that it has entered into an agreement with Michael H. Kobler for potential project joint venture participation by Kobler in Zoro’s Escondida precious metals project located south of the port city of Caldera, approximately 60 km from Copiapo in Chile Region III. The agreement grants Kobler an exclusive 3 month period during which to conduct due diligence at the project,... 

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U.S. Energy Corp. Provides Review of 2007 and Operations Update

U.S. Energy Corp., a diversified natural resource company with interests in molybdenum, oil and gas, gold, and real estate, today provided a review of 2007 results and an update on current operations for its primary business segments. Review of 2007 Accomplishments The year ended December 31, 2007 was the most profitable in U.S. Energy Corp.’s history, due primarily to the sale of the Company’s... 

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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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Consortium Led by China’s Biggest Gold Miner Zijin Mining Bids for Britain’s Monterrico Metals

A consortium led by China’s biggest gold miner, Zijin Mining Group Co., has made a 94.6 million pound, or $185.4 million, offer for British copper miner Monterrico Metals PLC, in what could become China’s first outright takeover of an overseas listed company. The proposed acquisition, announced earlier this week by Monterrico and Zijin, is the latest in a series of low profile but substantial... 

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Chinese demand puts new shine on iron ore

When Robert Martin discovered the LabMag iron ore project in 1960, he found a deposit laced with enough iron that a magnet would stick to some parts of the ground. But the deposit was low grade and considered worthless at the time. Mr. Martin went on to a lengthy career with Iron Ore Co. of Canada but never forgot the site in Labrador. When it became available in 2002, he snapped it up. “We felt... 

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Mining project good deal or bad deal?

Prices are right for Birch Lake initiative with promise of jobs, but critics say environment will pay heavy cost Beneath the ground at a Birch Lake mining site near Babbitt are a lot of non-ferrous minerals ”” copper, nickel, platinum, palladium, even a bit of gold. They are minerals in demand in a mushrooming global economy. They are minerals that if mined today would command a hefty profit... 

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