Strategic Natural Resources Plc., set up as a vehicle to develop, own and manage natural resource extraction enterprises in South Africa, said it has received permission to start opencast mining for coal on a 1.5 hectare site in the Elitheni prospecting area.
The company said permission has been granted by the South African Department of Minerals [...]
Lonrho Mining has discovered an exceptional 61.30 carat yellow diamond at its Schmidtsdrift Mine in South Africa.
The huge stone is a fancy yellow perfect octahedron and is expected to yield a high value, said Lonrho Mining, which is 23% owned by Aim-listed Lonrho.
‘This diamond is of extremely high quality and is expected to achieve a [...]
Gunmen in southern Nigeria hijacked an oil-services vessel carrying 11 crew members, according to a military spokesman.
They want about $250,000 for the release of the boat and the crew, including one Portuguese and one Ukrainian, said military spokesman Maj. Sagir Musa.
The boat, used for maintaining oil infrastructure in Africa’s biggest petroleum producing country, was taken [...]
The price of crude oil struck a record high 126.40 dollars a barrel on Monday amid tensions in the Middle East and ongoing supply fears in Nigeria, traders said.
New York crude beat its all-time peak of 126.27 dollars, reached last Friday.
Later Monday, New York’s main oil futures contract, light sweet crude for June delivery, stood [...]
State-run NTPC Ltd , India’s top power producer, is looking to buy majority stakes in Indonesian coal mines with reserves of up to 300 million tonnes to secure supplies and manage costs, its chairman said on Monday.
Another government company, Power Trading Corp , also announced plans to buy coal mines in Indonesia, following the footsteps [...]
Geneva Resources, Inc.’s Board of Directors (the “Board”) have accepted the consent of Bertrand Taquet as a member of the Board of Directors of the Company effective April 28, 2008.
Bertrand Taquet has over twenty-five years of experience as an exploration geologist, having worked for multiple companies in areas of precious metal mining and exploration and [...]
Magnus International Resources, Inc. is pleased to announce the signing of an Earn-In Agreement with Canmin-Gold Limited, a subsidiary of IBI Corporation, on the Ibanda gold exploration property located in southwest Uganda.
Under the terms of the Agreement, Magnus has the right to earn a 5% interest in the property for each $150,000 of expenditures that [...]
John J. Komarnicki, Chairman and Chief Executive Officer of Alhambra Resources Ltd., on behalf of the board of directors is pleased to announce the appointment of Mr. Graham A. Karklin as a director of the Corporation effective May 05, 2008.
Mr. Karklin has 34 years of experience in the international mining industry including Central Asia, Australia, [...]
