Gold

News tagged with Gold on Mining Top News

Pinnacle completes acquisition of gold assets

June 12th, 2008
Pinnacle completes acquisition of gold assets

Pinnacle Mines Ltd. (”Pinnacle”) and Tenajon Resources Corp (TSX-V:TJS; “Tenajon”) are pleased to announce that they have closed the transaction announced on April 21, 2008 and Pinnacle has now purchased Tenajon’s wholly owned subsidiary, 0781639 B.C. Ltd. (the “Corporation”). The Corporation holds an undivided 40% ownership interest in and to the Kansas Claim and a [...]

GE Energy Takes Majority Stake in Solar Company

June 12th, 2008
GE Energy Takes Majority Stake in Solar Company

A General Electric subsidiary increased its share of solar technology company PrimeStar Solar Inc. to a majority stake.
GE Energy said in September 2007 that it had taken a minority stake in the company.
Golden, Colo.-based PrimeStar was formed in 2006 to develop and commercial thin-film photovoltaic modules. It has 60 employees.
Financial terms of the deal and [...]

Liberty Star and Mayo Gold Joint Venture on Sonora Gold Property

June 11th, 2008
Liberty Star and Mayo Gold Joint Venture on Sonora Gold Property

Liberty Star Uranium & Metals Corp. (the “Company”)(OTCBB:LBSU) is pleased to announce that the CEO/President of the Company, James A. Briscoe, and the CEO/President of Mayo Gold Explorations Ltd. (“Mayo Gold”), Pedro Villagran Garcia, have signed a Letter of Intent to joint venture the El Papago Project (“El Papago”) in Sonora, Mexico and the Tombstone [...]

Smaller Chinese steelmakers will be able to hedge their costs

June 10th, 2008
Smaller Chinese steelmakers will be able to hedge their costs

AUSTRALIAN iron ore producers, arguing for a freight premium to be included in this year’s contract prices with reluctant Chinese steelmakers, are expected to shrug off the emergence of a new iron ore exchange market created by Deutsche Bank and Credit Suisse.
The exchange gives smaller Chinese steel producers a chance to hedge their costs in [...]

Shake-up on the cards for WA iron ore industry

June 10th, 2008
Shake-up on the cards for WA iron ore industry

WA’s $16 billion iron ore industry could be in for a shake-up, with a Government committee outlining a controversial new regime which obliges BHP-Billiton and Rio Tinto to haul smaller miner’s iron ore to port.
After taking two years to draft the ABC understands the long awaited Rail Haulage Regime will be released today for public [...]

Analysts Ponder Murphy Oil Malaysia Production

June 10th, 2008
Analysts Ponder Murphy Oil Malaysia Production

Analysts disagree on how much Murphy Oil Corp. stands to gain from its stake in a deepwater offshore Malaysian oilfield, with Goldman Sachs giving a strong recommendation and JPMorgan downgrading the stock.
Murphy owns an 80 percent stake in the Kikeh field, where it began drawing oil in August 2007. The company shares production with Malaysia’s [...]

China Shen Zhou Mining & Resources, Inc. to Ring the Opening Bell at the American Stock Exchange on June 16, 2008

June 9th, 2008
China Shen Zhou Mining & Resources, Inc. to Ring the Opening Bell at the American Stock Exchange on June 16, 2008

China Shen Zhou Mining & Resources, Inc. (American Stock Exchange: SHZ; “China Shen Zhou”, or “the Company”), a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that Ms. Jessica Yu, China Shen Zhou’s Chairwoman and CEO, will ring the American [...]

Galloway Energy Inc. (GWGI) Reviews Mineral Samples & Historic Information-Company Now Expects to Initiate Extensive Exploration Program

June 9th, 2008
Galloway Energy Inc. (GWGI) Reviews Mineral Samples & Historic Information-Company Now Expects to Initiate Extensive Exploration Program

Galloway Energy Inc., an emerging growth company focused on property exploration and acquisitions in the energy and precious metals sectors, announced today that it has reviewed news releases including assay result of samples taken by other mining companies located near the Company’s recently acquired FraserBend Claim properties located in the Quesnel Trough, in the Cariboo [...]

Russian billionaire Prokhorov says eyes uranium

June 9th, 2008
Russian billionaire Prokhorov says eyes uranium

State-controlled uranium miner Atomredmedzoloto will be in charge of developing Elkon and other deposits. The company plans to produce 10,000 tonnes a year of uranium by 2015, more than three times what it produced last year. (Reporting by Polina Devitt, writing by Robin Paxton; Editing by David Cowell) - ST PETERSBURG, Russia, June 8 - [...]

Nevoro Updates on the Proposed Acquisition of Aurora Platinum Exploration Inc.

June 7th, 2008
Nevoro Updates on the Proposed Acquisition of Aurora Platinum Exploration Inc.

Nevoro Inc. (”Nevoro”) (Toronto:NVR.TO) is pleased to announce that Aurora Platinum Exploration Inc., (formerly Aurora Metals (BVI) Limited), (OTC BB:AUPXF.OB) (”Aurora”) has received approval, of its common shareholders at its special shareholders meeting held yesterday (the “Meeting”), 97 % of the votes cast by the Aurora Shareholders voting in person or by proxy at the [...]