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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Diamond Fields Moves Forward with Liberia Gold Project and Acquires Bonaparte Diamond Mine NL’s Interests in DFI’s Namibian Concessions

Diamond Fields International Ltd. announce that it has entered into a joint venture agreement with Silverhill Enterprises Ltd. to further develop DFI’s Liberian gold project. Under the terms of the agreement, Silverhill may earn up to 50% of DFI’s interest in the project in two phases. In the first phase, Silverhill will invest US$400,000 for 20% of DFI’s interest in the project.... 

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Severstal Resources Announces results of Take Over bid

Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008. In order to resolve outstanding matters between PBS Coals Limited and the Offeror, the principal... 

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Severstal Resources Reaches Agreement to Acquire PBS Coals

Through its mining division Severstal Resources, OAO Severstal announced that it intends to acquire the business of PBS Coals Corporation by way of an acquisition of Penfold Capital Acquisition Corporation following a business combination of PBS and Penfold for an all cash purchase price of C$8.30 per share, implying an enterprise value of US$1.3 billion. PBS is engaged in the mining, processing and... 

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Gold may out-shine diamonds in Sierra Leone

Chief Aiah Lebbie weighs a small but heavy pile of metallic flakes glistening in the palm of his hand. It is gold, found by small-scale or artisanal diamond miners in the tailings of a diamond gravel pit in Lebbie’s Nimikor chiefdom, in Sierra Leone’s eastern province. Unaware of soaring gold prices on international markets and more concerned with looking for diamonds, miners sell these... 

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Mano River Resources has gold, diamonds and iron ore at low cost

Mano River Resources is developing gold and diamonds projects in West Africa and also has its eyes on a promising iron ore prospect in the same region. The company is listed on the TSX-V and AIM exchanges (ticker symbols MON and MANA respectively. The stock is well distributed with 40% owned by institutions and 15% in the hands of management ”“ a policy that usually ensures prudent husbandry.... 

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Illicit Mining Persists in Gbarpolu County

The senior Senator of Gbarpolu County, Rev. Samuel Tormetie has disclosed that massive illicit mining activities are on the increase in the county, and has called on the national government to immediately stop the illegal mining so as to save the county from been depleted. The issue of illicit mining activities in the county was first raised by one of the county’s representatives, Gbonojever...