Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa

Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded the procurement and construction... 

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Great Basin Gold Announces Progress on Burnstone Project Funding

Great Basin Gold Ltd. announced that it has granted a mandate to Investec Bank Limited for the arranging of project funding for the Company’s Burnstone project in South Africa. The facility consists of a ZAR850 million (US$106 million) senior debt facility and a ZAR180 million (US$23 million) standby debt facility to cover potential cost overruns. Significant progress has been made in the finalization... 

Gilla Discovers Anomalous Gold Values in Angola

Gilla Inc., a Nevada based mineral-property development company, announce that the 2008 exploration stream sediment sampling program returned anomalous gold values on its 199 km2 Salutar Comercio Prospecting Licence (“PL”) in the Province of Cabinda, Angola. Predominantly metasedimentary lithologies of Pre-Cambrian age of the Mayombe tectonic system underlie the PL. The stream sediment... 

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Great Basin Gold Trades on the New NYSE Alternext Exchange

With the acquisition of the American Exchange (AMEX) by the NYSE, the ensuing merger has resulted in a new exchange and trading platform. The new exchange will be known as the NYSE Alternext. On December 1, 2008 all NYSE Alternext US stocks began trading on the New York Stock Exchange’s next generation market model which is now located on the NYSE’s trading floor. In addition, the former... 

African Queen Mines’ Sampling Yields G10 Garnets and Other Kimberlitic Indicators Over Key Diamond Targets on Its Okavango Project in Botswana

AFRICAN QUEEN MINES LTD. announce that results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key diamond targets. The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company’s wholly-owned subsidiary,... 

Energem – US$3.6 Million Bridging Loan to Westhouse International Tobacco Holdings Limited

Energem Resources Inc announces that on 22 October 2008 it advanced a short term bridging loan of US$3.6 million to Westhouse International Tobacco Holdings Limited. The Bridge is repayable on demand and accrues interest at US$ LIBOR plus 3%. The parties intend to renegotiate the terms of the Bridge in due course to put in place a convertible loan with a six month term secured over certain of Westhouse’s... 

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Energem completion of Nigerian facility disposition

Further to the announcement on November 6, 2008, Energem Resources Inc. announce that, following approval from over 99% of votes cast at the Company’s recent shareholders’ meeting in respect of the Company’s proposed disposal of the remaining 30 percent interest in the refined fuel product tank farm and distribution facility at Apapa Port, Lagos, Nigeria for a gross cash consideration... 

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Anooraq Announces Appointment of Head of Exploration and Mineral Strategy

Anooraq Resources Corporation announces that Bava Reddy has been appointed as Executive Exploration and Mineral Strategy for the Company. Bava Reddy is a geologist with more than 13 years geological and mineral resource management experience in the mining industry. Mr. Reddy was appointed Executive Exploration and Mineral Strategy as of October 1, 2008. Mr. Reddy holds a BSc. (Honours) degree in Geology... 

Gilla Acquiring Terra Merchant Resources Corporation

GILLA INC., has entered into a definitive agreement effective October 3, 2008 to acquire all the shares of Terra Merchant Resources Corporation, a private company incorporated in Ontario, Canada. Terra has secured rights to a gold exploration property in Angola, known under the name of Salutar Commercio Mining Concession, located some 120 km north of Cabinda City, Angola. The concession covers approximately... 

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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...