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Random News from Mining Top News

African Gold Group, Inc. Private Placement of Up to 2 Million Units

African Gold Group, Inc., announce that it has completed a non-brokered private placement for 322,600 units in the capital of AGG at $0.50 per Unit for gross proceeds of $161,300.00 to AGG. Each Unit is comprised of one common share of the Company and one-half of one warrant of the Company. Each whole warrant entitles [...]

Romarco Closes Non-Brokered Private Placement

Romarco Minerals Inc. announces that it has closed its non-brokered private placement previously announced in its press releases dated June 11, 2008, July 23, 2008 and July 24, 2008 (the “Offering”). The Offering consisted of 51,625,284 units (the “Units”) at C$0.20 per Unit, for aggregate gross proceeds of C$10,325,057. Each Unit is comprised of one [...]

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Newmont to Acquire Remaining Interest in World-Class Boddington Project in Western Australia

Newmont Mining Corporation said that it has entered into a definitive purchase agreement to acquire from AngloGold Ashanti Australia Limited, a wholly-owned subsidiary of AngloGold Ashanti Ltd., its 33.33% interest in the Boddington project in Western Australia. Upon completion of the acquisition, Newmont will own 100% of the Boddington project, which is the largest gold [...]

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ProspEx Resources Announces Kakwa Horizontal Well Results and Establishment of New Operating Area in West Central Alberta

ProspEx Resources Ltd. is providing an operational update with respect to certain projects within its 2009 capital program.
“Flow test results from our East Kakwa horizontal well have exceeded expectations, validating the concept of a repeatable horizontal drilling development on our lands”, said John Rossall, President and Chief Executive Officer. “I am also excited to announce [...]

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Storm Cat Energy Corporation Provides Update on Fayetteville Shale Production Activity

Storm Cat Energy Corporation provided an update of its operations in the Company’s Arkansas Fayetteville Shale acreage.
The first three of the Company’s 2008 Fayetteville development program wells are now on production and tied into sales, two of which have undergone State of Arkansas Form 13 testing. Each well continues to produce significant volumes of fracturing [...]

Deep Well Oil & Gas, Inc.: Next 3 Well Sites to be Prepared for Drilling at Sawn Lake

Deep Well Oil & Gas, Inc. and its subsidiaries (“Deep Well”) (PINK SHEETS: DWOG) are pleased to announce that its joint venture partner and operator of the Sawn Lake heavy oil project, Signet Energy Inc., is in the process of preparing the next 3 well sites for drilling and has engaged an engineering company to [...]

New Frontier Energy, Inc. Completes Testing Federal 12-1 Well at Focus Ranch Unit

New Frontier Energy, Inc., a natural resource company engaged in the exploration, acquisition and development of oil and gas properties in the United States, today announced that it has finished preliminary testing of the Federal 12-1 well at the Focus Ranch Unit.
“We are pleased with the initial results for the Federal 12-1 well, and we [...]

Botswana: LionOre Secures Funds for Tati Nickel Project

LionOre has selected Rand Merchant Bank (RMB) as the sole underwriter for a non-recourse nine and a half year US $250 million (P1.5 billion) project funding package for the Tati Nickel Activox and DMS Projects in Botswana.
In a press release on its website Lion Ore revealed that the remaining funding required, which is around US [...]

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Offtake Agreement for Phosphate Rock With India’s Largest Fertilzer Enterprize (IFFCO)

Legend International Holdings, Inc, with phosphate projects in the State of Queensland, Australia, announces that it has entered into a long term offtake and supply agreement for a minimum of 3 million tonnes annually of concentrated rock phosphate from its Lady Annie project in Queensland, Australia, with Indian Farmers Fertiliser Cooperative Limited (“IFFCO”). Legend and [...]

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Elray Resources: GPX Aeroscience to Execute Aeromagnetic & Radiometric Survey on Heavily Mineralized Cambodian Property

Elray Resources, Inc., a technically-driven gold and precious metal mineral exploration company, announced today that it has hired GPX Aeroscience Pty Ltd, a highly respected Australian aeromagnetic and radiometric survey company, to survey 90km sq of its Porphyry Creek prospect in Northern Cambodia.
“The awarding of this contract marks the commencement of exploration activities in what [...]

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