Katanga Announces Termination of Remaining Relationship Agreements
Katanga Mining Limited a company operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt announced that the remaining relationship agreements that certain of Katanga’s major shareholders, including Glencore Finance (Bermuda) Limited, RP Explorer Master Fund, Cosaf Limited and Ruwenzori Limited, separately entered into with Katanga on January 21, 2008...
Lundin Mining Enters Into Agreement for the Sale of Ozernoe Project
Lundin Mining Corporation a diversified base metals mining company with operations in Portugal, Spain, and Sweden, producing copper, nickel, lead and zinc. In addition, Lundin Mining holds a development project pipeline which includes expansion projects at its Zinkgruvan and Neves-Corvo mines along with its equity stake in the world class Tenke Fungurume copper/cobalt project in the Democratic Republic...
Tiger Resources Limited – Resolution of Potential Contract Dispute at Kipoi Project
Tiger Resources Limited to advise the potential dispute in respect of the contractual arrangements governing the Kipoi project has been resolved. Managing Director David Young said: “With what appears to be the start of another period of relatively high copper prices the board of directors took view that it was in the Company’s best interests to find a settlement rather than postponing...
Banro acquires refurbished process plant to fast track gold production at its Twangiza project
Banro Corporation announce that it has entered into an agreement to purchase a refurbished gold processing plant (the “plant”) capable of achieving a throughput capacity of 1.3 million tonnes per annum. The closing of the purchase of the plant is expected to occur on or about September 21, 2009. This acquisition supports the Company’s strategy of advancing production through a staged...
Signing of Mutoshi Joint Venture Amended Agreement and Update on Kinsevere Stage II
Anvil Mining Limited, announced that it had completed an agreement with La Générale des Carrières et des Mines (“Gécamines”) and the Government of the Democratic Republic of Congo (“DRC”) on the terms of its Mutoshi Joint Venture (“JV”) agreement. The Company is also pleased to announce that it has recommenced the engineering and design work for the Kinsevere...
Murphy Oil Announces Turquoise Marine-1 Discovery in the Republic of Congo
Murphy Oil Corporation announced an oil discovery at the Turquoise Marine-1 prospect located in the Mer Profonde Sud (MPS) block, offshore Republic of Congo (Brazzaville). The well was drilled in 5,285 feet of water to a total measured depth of 12,060 feet and encountered in excess of 136 feet of net oil pay. The Turquoise Marine-1 discovery is approximately 17 miles from the Murphy operated Azurite...
Kilo Strengthens Management Ahead of Accelerating Exploration
Kilo Goldmines Ltd. announce a strengthened management team in preparation for a significant increase in corporate and exploration activity. The Company is well advanced on its exploration program at its core gold project in the Democratic Republic of the Congo (DRC). The Board of Directors has recently appointed Klaus Eckhof President and CEO of the Company and Peter Hooper has been appointed Executive...
Simberi to Acquire Gold Properties in Guyana
Simberi Mining Corporation, a Canadian based international mineral development company that develops a portfolio of natural resource properties and companies announce that it has entered into a letter of intent with Lori Energy Inc., to enable Simberi to acquire up to a 100% interest in Prospecting Licence: PL/35SE/02/07 called the Kaburi Licence encompassing 6,431 hectares located in the Mazaruni...
Lundin Mining First Copper Produced at Tenke Fungurume
Lundin Mining Corporation announce that the first copper cathode has been produced by the world class Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo. Lundin Mining holds a 24.75% equity interest in the project. The project’s initial high-grade oxide ore facilities have been designed to achieve approximately 115,000 metric tonnes of copper cathode and 8,000 tonnes per...
Freeport-McMoRan Copper & Gold Inc. Completes At-the-Market Offering of Common Stock
Freeport-McMoRan Copper & Gold Inc. announced that it has completed its at-the-market offering of common stock. FCX raised $750 million in gross proceeds through the sale of 26.8 million shares of FCX common stock in open market transactions at an average price of $28.00 per share. James R. Moffett, Chairman of the Board, and Richard C. Adkerson, President and Chief Executive Officer, said: “The...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
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American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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