The Board of Directors of Nilam Resources, Inc. had determined that the number of common shares in the float is far too large given the size of the Company, which has caused our Common Stock being priced at pennies per share. The low share price has hampered the Company’s ability to acquire new mineral properties, [...]

Atna Resources Ltd. has been informed by Yamana Gold Inc. that it has commenced a second round of drilling on Atna’s Clover project in Elko County, Nevada. Yamana’s program at the Clover project will include up to 10 reverse circulation rotary drill holes (8,000 to 9,000 feet) to follow-up the encouraging gold and silver results [...]

General Maritime Corporation jointly announced today that they have entered into a definitive agreement whereby the two companies will combine in a stock- for-stock combination. Under the terms of the definitive agreement, approved unanimously by the Boards of Directors of both General Maritime and Arlington Tankers, shareholders of General Maritime will receive 1.340 shares of [...]

Major Drilling Group International Inc. announced that it has completed the purchase of the exploration drilling company Forage à Diamant Benoit Ltée (”Benoit”) based in Val-d’Or, Québec (Canada) for an aggregate purchase price of $21,000,000 (consisting of approximately $17.5 million in cash and $3.5 million in liabilities) subject to customary price adjustments.
Through this purchase Major [...]

Qatar Petroleum Corp. will invest or is negotiating investments abroad worth $20 billion, including a $7 billion oil refinery in Panama with Occidental Petroleum Corp., Qatar’s energy minister said.
Qatar Petroleum International, the state-owned company’s foreign investment arm, has “teamed up” with Occidental to build a 350,000 barrel-a-day oil refinery in the Central American country, Abdullah [...]

Glencairn Gold Corp. announced that it has initiated a CDN$2.5 million exploration program at its Nicaraguan gold properties. The program will focus on the Limon Mine and the Mestiza Project as well as the Libertad Mine, where there has been no exploration since 1998.
“We are pleased to be starting the exploration program for all three [...]

Raven Gold Corp. is pleased to announce that Mr. David Petersen will be acting as the Company’s Senior Advisor. Mr. Petersen has been involved in the mining industry for over 50 years. He completed a Mining Engineering course from Witwatersrand University in 1958 and Mining Geology studies in 1964. Mr. Petersen has worked throughout North [...]

Honduras will take temporary control of foreign-owned oil storage terminals as part of a government import program meant to drive down fuel prices, President Manuel Zelaya said late on Saturday.
Zelaya ordered the move after failing to reach a deal with big oil companies Exxon Mobil and Chevron , as well as local company [...]

Goldcorp Inc. and Glamis Gold Ltd. announced today that they have agreed to combine in a US$21.3 billion transaction to create one of the world’s largest gold mining companies. The new company will continue under the name Goldcorp Inc.
Under the terms of the transaction, which is structured as a Plan of Arrangement, Glamis’ common shareholders [...]

Canadian gold miner Goldcorp Inc. has agreed to buy Reno, Nevada-based rival Glamis Gold Ltd. for about $8.6 billion in stock in a deal that will create one of the world’s largest gold producers.
The new company will have proven and probable reserves of about 41.1 million ounces of gold with focused operations in the Americas [...]