Mexoro Minerals Ltd. is pleased to announce that it has entered into negotiations for project financing with Minera Rio Tinto, a private well funded Mexican corporation with existing mining operations in Mexico. The financing is to be used to initiate production at Mexoro’s Cieneguita project as well as to complete a feasibility study on the [...]
Energem Resources Inc announces that on 22 October 2008 it advanced a short term bridging loan of US$3.6 million to Westhouse International Tobacco Holdings Limited. The Bridge is repayable on demand and accrues interest at US$ LIBOR plus 3%. The parties intend to renegotiate the terms of the Bridge in due course to put [...]
ZCOM NETWORKS, INC., a publicly traded company, announced today that the company is retiring 500,000,000 shares of common stock back to its treasury. This action effectively reduces the total issued and outstanding common shares by 500,000,000 shares, in line with the company’s strategy to enhance shareholder value. “We are taking appropriate actions to enhance shareholder [...]
Further to the announcement on November 6, 2008, Energem Resources Inc. announce that, following approval from over 99% of votes cast at the Company’s recent shareholders’ meeting in respect of the Company’s proposed disposal of the remaining 30 percent interest in the refined fuel product tank farm and distribution facility at Apapa Port, Lagos, Nigeria [...]
Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]
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 [...]
Homeland Energy Group Ltd., announces that GMR of India has elected not to exercise the third of three options to purchase 40% of Homeland Mining & Energy, South Africa for US$135 million. Homeland intends to repurchase GMR’s current 10% ownership in accordance with the terms of the option agreement, a value of US$30 million.
With this [...]
Orbit Garant Drilling Inc. announced that it has entered into a major contract with Newmont Mining Corporation to provide diamond core drilling services at their Boston project in Nunavut.
Under terms of the contract, Orbit Garant expects to complete specialized core drilling over a three-year period at the Hope Bay Project. The Company will utilize [...]
GobiMin Inc. announce that it has entered into two revocable framework agreements with Xinjiang Xinxin Mining Industry Co., Ltd. to dispose of its three nickel-copper mining properties, namely Yellow Mountain East, Xiangshan and Yellow Mountain, in Hami, Xinjiang Uygur Autonomous Region of the People’s Republic of China. The proposed transaction will be facilitated through the [...]
Waratah Coal has been named Queensland Explorer of the Year at the Mining 2008 conference in Brisbane.
Waratah CEO and President Peter Lynch and Company Chairman Nick Mather accepted the award last night in Brisbane, from the Deputy Director General of the Queensland Department of Mines and Energy, Stuart Booker.
Figure 1: Mr Stuart Booker, Mr Peter [...]
