Dynamite Resources Ltd. announced that it has entered into an agreement to purchase a 40% interest in the Segala gold project located in Mali, West Africa from Avion Resources Corp.. Avion Resources will retain a 40% interest in the Segala Gold Project, with the remaining 20% interest held by the Government of Mali.
David Argyle, the [...]
Dumas Contracting Ltd, one of Canada’s largest underground mining contractors, and Pala Investments Holdings Limited, an international investment company focused on the mining sector, announced today that they have reached an agreement whereby Pala will acquire a controlling interest in Dumas. Daniel Dumas will remain a significant shareholder, and President and CEO of the company.
Commenting [...]
Thunder Mountain Gold, Inc. announced that Thunder Mountain Resources, Inc., a wholly-owned subsidiary, has completed their first core hole in its planned exploration program at their South Mountain Mine, Owyhee County, Idaho. The hole (DMEA 2) encountered a zone of mineralization from 656 feet to 705 feet with approximately 40 feet of the core [...]
Avion Resources Corp., announced that the Company’s Board of Directors have approved a new mining strategy for the Segala and Tabakoto gold projects, located in Mali, West Africa. The Company will focus on the Segala project during the first phase of the new mining strategy. Avion Resources plans to commence mining operations at Segala, which [...]
Joy Global Inc., a worldwide leader in high-productivity mining solutions, today announced that during its regularly scheduled quarterly meeting on September, 9, 2008, the Company’s Board of Directors authorized an increase and extension of its share repurchase program. The Board’s action increases the authorization from $1 billion to $2 billion and extends the expiration for [...]
Joy Global Inc., a worldwide leader in high-productivity mining solutions, announced that China Mining Machinery, the Company’s wholly-owned subsidiary, has entered into a definitive agreement to acquire 100% of the outstanding shares of Wuxi Shengda, a Chinese manufacturer of longwall shearing machines, for $22.0 million, excluding closing costs. Wuxi Shengda primarily serves the markets for [...]
Kennametal Inc. announced today that it has signed a definitive agreement to acquire the assets of Tricon Metals & Services, Inc. Closing is planned for October 2008 and remains subject to negotiated conditions of closing. Tricon will become part of Kennametal’s Advanced Materials Solutions Group (AMSG), and the acquisition is expected to be accretive to [...]
GENTOR RESOURCES, INC. announce that the Company has established an Inferred Mineral Resource estimate at its IMA Mine project in Idaho of 5.7 million tons grading 0.15% Mo. Included in this estimate is 720,000 tons of material grading greater than 0.20% Mo and averaging 0.235% Molybdenum.
Wardrop Engineering Inc. estimated the mineral resource using Gemcom Vers [...]
Yukon-Nevada Gold Corp. announces the consideration of various plans to maximize the short term and long term value of its investment in the Jerritt Canyon Mine, Nevada in light of current economic difficulties.
The ongoing negative cash flow situation at Jerritt Canyon required immediate action and the decision was made to suspend underground mining on August [...]
Harry Winston Diamond Corporation (TSX: HW; NYSE: HWD) announced that the operator of the Diavik Diamond Mine has provided the following update on work during the second quarter of 2008 at the Diavik Diamond Mine: Ore production accelerated in the second quarter in line with plan due to improved operating conditions. Ore was mined predominantly [...]
