Shoreham Resources Ltd., a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, announce the signing of a formal letter agreement with Guiana Shield Resources Inc., a Guyanese Company. The agreement grants Shoreham the right to earn 100% of 13 Prospecting Licenses in Guyana which were selected by Guiana Shield Resources...
Kansai Mining Corporation announces an arrangement that will allow the further exploration and development of the Migori Gold Project in S. W. Kenya. It has reached an agreement with Anglo-African Minerals PLC “AAM”, presently a private company whereby they acquire a 75% shareholding in Mid Migori Mining Limited in exchange for a combination of cash and shares in the Irish company and an...
Gold Reserve Inc. announces that it has filed today an action in the Ontario Superior Court of Justice against Endeavour Financial International Corporation and Rusoro Mining Ltd. seeking an injunction restraining Rusoro and Endeavour from proceeding with the unsolicited offer, significant monetary damages, and various other items. On Friday, December 12, 2008, the Board of Directors received a non-binding...
AVEVA, the leading supplier of engineering IT systems for the plant and marine industries, today announced further expansion into Latin America with the opening of AVEVA do Brasil in Rio de Janeiro. This office, the latest in AVEVA’s expanding global platform, will provide premium product solutions and support for its growing customer base in Brazil, including the country’s leading energy...
Crystallex International Corporation reported that it is aware of certain comments related to the control of the Las Cristinas gold project attributed to the Ministry of Basic Industry and Mining in Venezuela. The Company has not been notified of any changes in position by the MIBAM regarding the Las Cristinas Project or the Mine Operating Contract. In addition, members of the Crystallex team have...
vMonitor, Inc. announces early results of its Aggressive Growth Strategy in oil and gas wireless automation and field optimization solutions. vMonitor Director Tom Bates, former Managing Director at Lime Rock Partners and former CEO of Weatherford Interra, describes the Company’s strategy as follows: “vMonitor has succeeded in developing the broadest, most comprehensive of wireless oil...
Freedom Watch demonstrators will carry placards warning OPEC at its emergency meeting here Thursday that any vote to drain more billions of dollars from the U.S. economy at a time when it teeters on the edge of a deep recession, “risks enraging Joe the Plumber.” The demonstration led by Freedom Watch Founder Larry Klayman will follow a news conference set for Wednesday at which the celebrated...
Gold Reserve Inc. announced it has agreed to sell one SAG mill, two ball mills (35,000 tonne per day through-put) and related motors currently being manufactured for the Company’s Brisas Project. The total value of this transaction is approximately $43 million. The Company will recover approximately $18 million of progress payments and the purchaser will assume the Company’s remaining payment obligations...
Guyana Goldfields Inc. announces that, in its capacity as a shareholder of Gold Port Resources Ltd., it has filed on SEDAR an information circular setting out a proposed new board of directors for Gold Port for election at Gold Port’s the annual general meeting to be held on September 29, 2008. Guyana’s information circular with respect to the annual general meeting is being mailed to all...
Coalcorp Mining Inc. announced changes to its management structure, as well as additions to its board of directors. Effective September 1, 2008, Mr. Luis Urdaneta has been appointed as the Chief Executive Officer of the company. Mr. Urdaneta is a graduate of Zulia University (Venezuela) and Penn State University (USA) and has degrees in petroleum engineering and computer science. After holding increasingly...