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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Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa

Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded the procurement and construction... 

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North Atlantic to Commence Trading on TSX Venture Exchange

North Atlantic Resources Ltd. announces that, further to its news release of December 1, 2009 the common shares of the Company will commence trading on the TSX Venture Exchange effective at the opening of trading on Friday, December 18, 2009. The Company is classified as a Tier 2 Mineral Exploration/Development Company on the TSX Venture Exchange. The common shares of the Company will cease trading... 

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Alto Group Holdings Inc. Amends Letter of Intent on Ashanti Gold Project

Alto Group Holdings, Inc., has announced that the Company has amended the previously announced Letter of Intent (L.O.I.) in regards to certain mining rights in Ghana, West Africa. Alto plans to form a joint venture with the mineral rights owners, Castle Peak Mining Ltd. and will formulate a definitive Joint Venture Agreement by the end of 2009. Under the terms of the amended L.O.I. the Company shall... 

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Platinum Exploration Projects Update New Large Funded Joint Venture With JOGMEC

Platinum Group Metals Ltd. provides the following updates on its platinum projects including a second new joint venture with Japan Oil Gas and Metals National Corporation (“JOGMEC”), owned by the government of Japan, covering a new 118 square kilometres platinum exploration area. R. Michael Jones, President of Platinum Group Metals, said, “Our main focus right now is on advancing... 

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Sunergy Reports Update on Operations on Its 150 sq. km. Ghana Mining Concession

Sunergy, Inc reports the following update on the planning and preparation for operations on our 150 sq. km. Nyinahin mining concession, located in Ghana, West Africa. During Q’4 2009 we plan to test and evaluate the alluvial gold recovery potential along the Ofin River which runs through the eastern portion of the concession for about 45 km. We plan to do this by bulk sampling the numerous existing... 

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Biggest investor in Malian gold industry says more to come from prospect pipeline

Randgold Resources, the company largely responsible for making Mali Africa’s third largest gold miner, says its continuing exploration in the region has yielded more major discoveries with the potential of becoming world class mines. Randgold Resources has already developed two world class mines in the country – Morila and Loulo, both based on its own discoveries. It has recently announced... 

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KIG Mining Plc Announces That It Has Secured a 10 Million Line of Funding

Under an agreement signed on 7 July 2009, GEM Global Yield Fund Limited, the UK based private investment group, has agreed to provide KIG Mining Plc with €10 million over the next three years in the form of an equity line of credit. KIG will control the timing and maximum amount of any draw down under this credit line. On drawdown, KIG will issue ordinary shares to GEM Global at a price per share... 

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Homeland Energy Group Provides Operations Update for Kendal Colliery & Exploration Projects in South Africa

Homeland Energy Group Ltd. provide an update on the status of its Kendal Colliery following a planned shut-down for plant improvements and on its key exploration projects in South Africa. “While the first year of any operation is filled with a certain amount of excitement, it is also the year in which the operations team makes adjustments and improvements to ensure the operations run according... 

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Hidalgo Mining International New Production Plan in Ghana

Hidalgo Mining International, an innovative mining company headquartered in Port Washington, N.Y., announced today to shareholders its new production plan in Ghana, West Africa. Mark Daniel Klok, President of HMIT, stated, “Due to the recent coup and instability in Guinea, management has implemented an alternative production plan to protect its shareholders from further political risk, an unstable... 

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