Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., addresses production and status of expansion plans.
Mark Daniel Klok, President of HMIT, stated: “The Company anticipates production to start in January of this year and we look forward to generating a substantial amount of gold while operating the Fifa project. Regardless of unforeseen [...]
Xstrata Copper Canada is pleased to announce it has reached a tentative agreement with the Union Executives of CAW-Local 599 for the renewal of the collective agreement at the Kidd Metallurgical site.
Kidd Metallurgical employees are expected to vote on the agreement on November 6, 2008. The collective agreement expired on September 30, 2008 at midnight [...]
GoldenFrank Resources Inc. announced that it was granted on October 28th, through its 80% owned subsidiary MGWA-GoldenFrank SARL, three Exploration Permits for gold and associate minerals in Guinea, West Africa. The three permits cover the entire 250 km2 of the preceding “Autorisation de Prospection” held by the Company and described in the Company’s Prospectus. The [...]
Marathon Oil Corporation announced the completion of the sale of its non-operated interests in the Heimdal infrastructure, related producing fields and associated undeveloped acreage offshore Norway. Centrica plc, the parent company of British Gas, acquired the interests for a total value of $416 million, which includes a $375 million purchase price and $41 million in [...]
Marathon Oil Corporation announced that its Board of Directors has sanctioned two Gulf of Mexico development projects, Droshky and Ozona. The Board approved a total project cost of $1.3 billion for the Droshky development and $300 million for the Ozona development.
“As we continue to strengthen Marathon’s Gulf of Mexico portfolio, the Droshky development will add [...]
BacTech Mining Corporation has applied for $10 million in government funding to build a pilot bioleach plant in the Cobalt area of Northern Ontario to neutralize the arsenic-laden tailings dumped there in the early 1900s. High grade silver was discovered in the Cobalt area in 1903, which led to a Klondike-like rush. Between 1903 and [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, NY, announced today that it has completed its acquisition of gold-rich Fifa area properties in Guinea, West Africa. These latest acquisitions effectively expand Hidalgo’s gold mining project to encompass the entire area comprising the Fifa license, bringing the company’s total mineable area to twenty-five [...]
In response to the Crew Gold Corporation (CRU.T) (“Crew”) notice date 26th September 2008 announcing that its operating subsidiary at the LEFA gold mine in Guinea has taken over the works being performed under its third party mining contractor, PMC International (“PMC”) states that the situation has been misrepresented and we would like to set [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced that it has completed acquisition of the balance of the Tinkisso property which adds an additional 26 kilometers of property, increasing their Tinkisso property to now encompass a total of 56 kilometers.
Mark Daniel Klok, President of HMIT, stated: “We have increased our [...]
Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today that it has now signed a letter of intent to expand the Tinkisso project ownership an additional 26 kilometers.
Mark Daniel Klok, President of HMIT, stated: “We have now completed our negotiations to expand and increase our ownership in the Tinkisso project [...]
