Western Coal Announces Share Buy Back Program
Western Coal Corp announced today that it intends to file with the Toronto Stock Exchange a notice of its intention to make a normal course issuer bid for its common shares through the facilities of the TSX and the Alternate Investment Market of the London Stock Exchange. Subject to TSX approval, Western intends to purchase up to 10 million Common Shares, being approximately 5% of Western’s...
Dana Resources Evaluating Joint Venture Opportunities on Base Metals Assets
Dana Resources, a US-based precious metals exploration and development company, is pleased to announce it is meeting with joint venture candidates about Dana Resources’ base metals projects. Dana Resources currently owns and operates seven mining projects located in Peru’s most prolific mining regions. Dana Resources owns two advanced staged base metal projects, Las Horquetas and Turmalina....
A$17.8 Million Recommended Takeover Offer by Paladin Energy Ltd for Fusion Resources Limited
Paladin Energy Ltd and Fusion Resources Limited announce that Paladin intends to make an off-market scrip takeover offer for Australian and Toronto Stock Exchange listed minerals exploration company Fusion. This announcement was made after close of trading on the ASX. The consideration under the Offer will comprise 1 fully paid ordinary Paladin share for every 6 fully paid ordinary Fusion shares,...
Selwyn Resources Ltd.: Drilling in Don Valley Further Demonstrates Mineral Potential
Selwyn Resources Ltd. updates shareholders on its 2008 exploration activities. The 2008 drilling program is now complete with 3,857 metres drilled in 13 drill holes. The discovery of high-grade mineralization in the XY West Zone and success in the deep drilling in the Don East deposit are the highlights of the program. The later has demonstrated significant additional lateral continuity of high-grade...
Gilla Acquiring Terra Merchant Resources Corporation
GILLA INC., has entered into a definitive agreement effective October 3, 2008 to acquire all the shares of Terra Merchant Resources Corporation, a private company incorporated in Ontario, Canada. Terra has secured rights to a gold exploration property in Angola, known under the name of Salutar Commercio Mining Concession, located some 120 km north of Cabinda City, Angola. The concession covers approximately...
Santa Fe Gold Updates Progress of Construction at Summit Silver-Gold Mine
Santa Fe Gold Corp, a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today reported that construction is on track at its Summit mine and processing facilities in southwestern New Mexico and that processing of silver-gold ore is anticipated to begin the first quarter of 2009. In February 2008, the company announced it was proceeding with mine and...
Sterlite Industries (India) Limited to Purchase Operating Assets of ASARCO LLC for $2.6 billion
Sterlite Industries (India) Limited (“Sterlite”), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, and ASARCO LLC (“Asarco”), a Tucson based mining, smelting and refining company, announced today that they have signed a definitive agreement for the sale to Sterlite of substantially all the operating assets of Asarco for $2.6 billion in cash. The agreement...
Khan Resources Announces Offer for Western Prospector
Khan Resources Inc. announced that it will make an offer to acquire all of the outstanding common shares of Western Prospector Group Ltd. (CDNX:WNP.V – News) in order to consolidate its position in the Saddle Hills district of Mongolia and achieve significant synergies from the joint development of Khan Resources’ Dornod uranium deposit and Western Prospector’s Gurvanbulag uranium...
Xstrata in talks to buy Macarthur Coal
Xstrata has jumped back into the global merger frenzy. It emerged yesterday that the miner is the mystery bidder that forced Macarthur Coal, Australia’s largest independent coal producer, to announce 10 days ago that it had been approached about a possible takeover. Macarthur and its top two shareholders, who it admitted had also been approached, have kept silent about the identity of its suitor...
India coal must allow foreign equity – MMTC Chairman
India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday. “For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he said. The gap between India’s coal demand...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
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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