Gentor Resources Inc. closes acquisition of APM Mining Limited

GENTOR RESOURCES, INC. announce the acquisition of APM Mining Limited pursuant to the closing under the Share Exchange Agreement dated February 23, 2010 between the Company, APM Mining and Arabian Peninsula Projects Ltd. As a result of the acquisition, the Company, through its wholly owned subsidiary, APM Mining, holds the earn-in rights to the Block 5 and Block 6 copper exploration projects located... 

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Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

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Riverstone Completes Acquisition of Seajacks International

Riverstone Holdings LLC’s most recent renewable energy fund has successfully completed its previously announced acquisition of Seajacks International, for a total cash consideration of US$207 million. Seajacks is now wholly-owned by Riverstone and the management team. Seajacks currently owns and operates two self-propelled jack up vessels out of Great Yarmouth in the United Kingdom: the Seajacks... 

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Rajant Corporation Announces Agreement with Caterpillar Dealer, MacAllister Machinery

Rajant Corporation, a leading provider of wireless mining solutions, announced today that it has entered into a reseller agreement with Indiana-based MacAllister Machinery Co. Inc., (MacAllister ) to market, sell and support its BreadCrumb® wireless mesh communications product line. “We look forward to working with MacAllister within the Caterpillar dealer network. With this new dealer agreement,... 

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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... 

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Golden Band Resources – La Ronge Gold Project – Surface Lease Agreement signed

Golden Band Resources Inc. announce that the La Ronge Gold Project Surface Lease Agreement 2009 has been signed with the Government of Saskatchewan. The province is represented in the Agreement by the Ministry of First Nations and Métis Relations and by the Ministry of Environment. Golden Band entered into the Agreement via its wholly owned subsidiary, Jolu Development Corporation (JDC). The Surface... 

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Vantex Acquires One Exploration Permit for Oil and Natural Gas in the Moose River Basin

The management of Vantex resources Ltd has obtained one exploration permit for oil and natural gas in the Quebec portion of the Moose River Basin, located in the James Bay Lowlands. The permit covers an area of 25,000 hectares. The Salomon Lake oil seep, found within the exploration permit, is characterized by a milky white to greenish film on the surface of numerous ponds south of Salomon Lake (Salomon... 

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Alluvial Diamond Mining Expert Wants Changes to Rockwell Board

Hennie Van Wyk, the former owner and operator of the majority of the assets of Rockwell Diamonds Inc., and a holder of approximately 4.3% of Rockwell, today commented on Pala Investments Holdings’ proposed slate of directors for Rockwell. “As a shareholder of Rockwell, I have grave concerns about the current mismanagement of the company I helped create. I left Rockwell because of management’s... 

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AB Resources Gears Up to Aggressively Exploit the Marcellus Shale

AB Resources LLC has taken steps to enhance the technical expertise required to explore and develop the Company’s extensive acreage position in the Marcellus Shale formation. The Marcellus Shale, a gas-productive formation spread across Pennsylvania and West Virginia, has become the premier natural gas play in the Appalachian Basin. AB Resources is poised to become a leading operator in Marcellus... 

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Dutch Gold Resources Updates Aultra Acquisition and Corporate Strategy

Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, announced that it has completed due diligence in preparation to close the previously announced merger with Aultra Gold Resources, Inc., a junior gold mining and exploration company with properties in Montana and Nevada. Dutch Gold also updated its 2009 corporate strategy, focusing on increasing...