Wallbridge Mining Initiates $1.6 million 2009 Exploration Program on Parkin Offset Dyke
Wallbridge Mining Company Limited announced that its joint venture partner Impala Platinum Holdings Limited (“Impala”), the world’s second largest primary platinum producer, has allocated $1.6 million dollars for the 2009 exploration program on the Parkin Offset dyke properties in Sudbury. The program includes 6,300 metres of diamond drilling. “We appreciate the support of our...
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...
Ressources Appalaches acquire Dufferin Resources
With the acquisition of 100% of Dufferin Resources Inc., Ressources Appalaches has become the sole owner of the Dufferin Mine, located in Nova Scotia. The transaction comprised the acquisition of the ramp-access Dufferin Mine, along with its processing plant (mill), mining lease, environmental permits and all infrastructure required for production. Ressources Appalaches proceeded with the verification...
Patriot Coal Announces Closure of Jupiter Mine
Patriot Coal Corporation announced the closure of its Jupiter mining complex. The Company announced on September 29, 2008, its intention to idle the Jupiter thermal coal facility. In connection with the closing of the facility, the Company gave notice today, in compliance with the Worker Adjustment and Retraining Notification Act, that employees will be laid off from employment between March 12 and...
Ressources Appalaches: Appointment of an Engineering Team for the Dufferin Mine
Ressources Appalaches announce the appointment of Mr. Andre de Guise, a mining engineer, for the reopening of the Dufferin Gold Mine, in Nova Scotia. The engineering supervision for restarting the mine will now be under the management of this mining engineer, in association with Mr. Alain Hupe, Senior Geologist, who will be responsible for exploration matters. Andre de Guise, the Director of Operations,...
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,...
Appalaches Buys a Gold Producer in Nova Scotia
Ressources Appalaches has just signed an agreement to acquire the gold producer Dufferin Resources, located in Nova Scotia. The transaction comprises the acquisition of the ramp-access Dufferin Mine, together with its processing plant (mill), mining lease, environmental permits, and all the other infrastructure required for production. The cost of the transaction was established at $4,000,000, payable...
Pala Commends Positive Steps Taken by Coalcorp
Pala Investments Holdings Limited commended the positive steps announced today by the board of directors of Coalcorp Mining Inc. to increase the independence and strength of the board. Coalcorp announced today that three of its current directors have resigned from the board and will be replaced immediately by two representatives of Pala, Jan Castro and Joseph Belan, and an independent director, Luis...
Homeland Energy to Reacquire Full Ownership of South African Subsidiary
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 repurchase, Homeland Energy Group Ltd. retains 100%...
Severstal Resources Announces results of Take Over bid
Through its mining division Severstal Resources, OAO Severstal announced that the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation)(TSX: PBS) expired at 11:59 p.m. on October 24, 2008. In order to resolve outstanding matters between PBS Coals Limited and the Offeror, the principal...
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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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