Trilliant Exploration Acquires Minority Stake in Global Diamond Resources, Plc

Trilliant Exploration Corp., a fully operational gold mining company with concessions in southern Ecuador, announced today that it has acquired a minority stake in privately held, Global Diamond Resources (GDR). The ?£1.5 million ($2.42 Million USD) investment was made by Trilliant Exploration’s wholly owned UK subsidiary, Trilliant Diamonds Ltd. Global Diamond Resources maintains a 93% interest... 

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Xstrata Coal Canada Increases Ownership in Erdene

Erdene Resource Development Corp. announced it was notified that Xstrata Coal Canada has increased its ownership in the company to greater than 5% through the purchase of common shares in the open market. As a result, Xstrata Coal retains certain rights per its Alliance Agreement with Erdene, including a first option to enter into a joint venture and earn a 75% interest in any coal opportunity in Mongolia... 

Erdene Provides Zuun Mod Molybdenum Project Update

Erdene Resource Development Corp., a diversified resource company, today provided a progress update on the Company’s wholly owned Zuun Mod molybdenum project in Mongolia. Extensive metallurgical, engineering and design work, as well as additional drilling, have been underway since the release of a resource estimate in May 2008. “Our progress has proven Zuun Mod to be a large metals deposit,... 

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Nigeria: Firms Win Solid Mineral Blocks

Sinopec, a subsidiary of the China Petroleum and Chemical Company yesterday blazed the trail in the Nigerian solid minerals sector when it emerged winner of the nation’s Bitumen Block2, unarguably the first bitumen deposit to be formally exploited in Nigeria many years after the mineral was discovered in the country. The Chinese mining firm offered $18.6m to win the bid, while the second contender,... 

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