Katanga Mining Limited confirms that, following an isolated fire incident in mid-November, a replacement transformer has been successfully fitted at the Luilu metallurgical facility and production of copper and cobalt metal from Luilu has now resumed.
Steven Isaacs, Interim CEO, Katanga Mining Limited said, “I am pleased to report that a replacement transformer has been successfully [...]

Freeport-McMoRan Copper & Gold Inc. announced in response to the recent sharp decline in molybdenum prices plans to reduce production from its Henderson primary molybdenum mine and to defer the restart of the Climax molybdenum mine.
Molybdenum markets have been strong in recent years, averaging $30 per pound in 2007 and $33 per pound in the [...]

MagMinerals Potash Corp, a subsidiary of MagIndustries report that on October 9-10th it engaged in two days of meetings organized by its debt funding financial adviser, BNP Paribas, to update a group of international lenders with respect to its planned Kouilou Potash mining and processing plant (the “Project”) in the Republic of Congo (”ROC”). The [...]

Katanga Mining Limited has announced that it has commenced a review of capital expenditure commitments with a focus on optimizing its development program considering current market conditions.
While the review is progressing capital expenditure for Phase 2 of the Kamoto rehabilitation project will continue.
Interim Chief Executive Officer Steven Isaacs said:
“This review will help us focus on [...]

MagIndustries Corp. has announced that it will undertake a review of financing strategies for MagMinerals Potash Corp., and as a result has retained Morgan Stanley as financial advisor to assist with the process. MagIndustries effectively holds 69.7% of MagPotash.
MagIndustries Corp. is a Canadian company whose common shares are listed on the TSX-V Exchange and trades [...]

MagIndustries Corp. report that it has received an updated National Instrument 43-101 Technical Report entitled “Updated Reserve and Resource Estimate for MagMinerals Mengo Permit Area, Kouilou Region, Republic of Congo” (the “Technical Report”) in respect of the property owned by its wholly-owned subsidiary MagMinerals Potash Corp. (”MagPotash”). The Technical Report updates the National Instrument 43-101 [...]

INTERNATIONAL BARYTEX RESOURCES LTD. announce the appointment of Mr. David Newton as Director of Operations. Mr. Newton will report directly to Mr. Alf Hills, Chief Executive Officer.
Mr. Newton has had a long career as a General Manager at a number of mine operations in Asia, Europe and Africa, most recently as General Manager at Anvil [...]

Banro Corporation announce that following publication on July 7, 2008 of the results of the Pre-Feasibility Study on its wholly-owned Twangiza gold project, the Company has filed on SEDAR (www.sedar.com) the accompanying technical report. The report is dated August 13, 2008 and entitled “Pre-Feasibility Study NI 43-101 Technical Report, Twangiza Gold Project, South Kivu Province, [...]

Katanga Mining Limited reports the signing of a Memorandum of Understanding (MoU) with its joint venture (JV) partner Gecamines that will be the basis for amending the Kamoto Copper Company (KCC) Joint Venture Agreement to incorporate provisions of the February 7, 2008 Agreement releasing the Dikuluwe and Mashamba West Deposits; merging the DRC Copper and [...]

La Quinta Resources Corporation is pleased to announce that it has increased a non-brokered private placement from $900,000 to $1,200,000 for sale to qualified investors. The unit price has been decreased to 0.25 per unit from 0.30 per unit.
Each unit will consist of one share and warrant. Each full warrant will, in turn entitle the [...]