Independent Nickel Corp. reports that Thomas Obradovich has accepted the appointment of Chairman of the Board of Directors of the Company. The membership of the Company’s board remains unchanged.
Mr. Obradovich is a co-founder of public resource companies Canadian Royalties Inc., Aurelian Resources Inc., and U3O8 Corp. He also served as President and CEO of Young-Davidson [...]

Houston Lake Mining Inc. is pleased to report that the Company has raised a total of $354,121.10 in a private placement financing subject to regulatory approval. This financing completes the December 2006 non-flow through financing and brings the total amount raised in recent financings to $1,771,074.58. The proceeds of the private placement will be [...]

Newmont Mining Corp., one of the world’s leading gold producers, on Thursday said sharply higher gold prices powered a more than threefold increase in fourth-quarter profit, even as sales volumes dipped.
The Denver-based miner said net income swelled to $223 million, or 49 cents per share, in the last three months of 2006 from $62 million, [...]

Newmont Mining Corp., the world’s second-largest gold producer, said on Thursday that fourth-quarter profit more than tripled on much higher gold prices.
Net earnings were $223 million, or 49 cents per share, compared with $62 million, or 14 cents per share, a year earlier, the Denver-based mining company said.

Barrick Gold Corp., the world’s largest gold producer, said fourth-quarter profit more than doubled as prices climbed, and acquisitions and new mines boosted production.
Net income surged to $418 million, or 48 cents a share, from $175 million, or 32 cents, a year earlier, the Toronto-based company said today in a statement. Sales gained 74 percent [...]

Mining giant Anglo American Plc has agreed to sell South African coal assets worth seven billion rand (975 million dollars) to a new black-owned company in line with government policy promoting blacks in big business.
“This is a key component of Anglo Coal’s strategy,” Philip Baum, acting chief executive of Anglo American South Africa Ltd [...]

Nuinsco Resources Limited announced that Victory Nickel Inc., the pure-play nickel company created under Nuinsco’s previously announced plan of arrangement, will begin trading on the TSX on February 6, 2007. Victory Nickel’s TSX ticker symbol will be Ni.
“The launch of Canada’s new nickel company is truly a victory for Nuinsco and its shareholders,” said Rene [...]

Tanzania has agreed new mining deals with two companies including Barrick Gold that will boost tax revenues for the govenment and was in talks with others, President Jakaya Kikwete said on Tuesday.
Under the new agreements, already agreed with Canada’s Barrick and Australia’s Resolute Mining Ltd , a tax concession was removed that would bring forward [...]

South African shares closed weaker on Friday with Harmony Gold’s shares leading the blue chips lower on the back of a worse-than-expected 33 percent drop in headline earnings per share.
The Top-40 blue chip index slipped 0.55 percent to 23,151.11 points and the broader All-Share index shed 0.4 percent to 25,679.19 points.
Harmony, the world’s fifth-biggest gold [...]

Aim-listed gold-mining and exploration company Central African Gold (CAG) announced its acquisition of the Bibiani gold mine and related assets and liabilities – including a prospecting licence in Ghana from Anglo- Gold Ashanti (AGA) – in December, 2006.
The acquisition, which immediately provided the company with production and revenue generation, is part of CAG’s growth strategy, [...]