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China to Invest Billions Dollars in Canadian Mining Company
One of the Asian economic superpower, China secretly increase investment in Canadian mining company. China investments through the purchase of Canadian mining company shares. China Investment Corp. already has a gold mining company shares Canadian Kinross Gold Corp. (K-T17.87-0 .68-3, 67%) and Potash Corp. of Saskatchewan, (POT T109.34-1-.71-1, 54%).
Activity of Mining Exploration South Africa Faces Increase of Expense In Other Sector
South Africa’s giant mining companies were badly hit by a strike over rising power, food and fuel prices that threatened to bring the continent’s biggest economy to a standstill.
As global mining leaders such as Anglo Platinum (Angloplat) , the world’s top producer of the precious metal, counted their losses, powerful unions prepared for marches across [...]
Utah, Colorado rival OPEC oil reserves, lure Chevron, Exxon, Shell
Colorado and Utah have as much oil as Saudi Arabia, Iran, Iraq, Venezuela, Nigeria, Kuwait, Libya, Angola, Algeria, Indonesia, Qatar and the United Arab Emirates combined.
That’s not science fiction, according to Bloomberg News. Trapped in limestone up to 200 feet (61 meters) thick in the two Rocky Mountain states is enough so-called shale oil to [...]
Russian nickel producer makes play for Canadian rival
GMK Norilsk Nickel, the world’s largest nickel producer, offered 5.3 billion Canadian dollars Thursday for LionOre Mining International in an effort to break up Xstrata’s agreement to buy LionOre.
Norilsk’s offer of 21.50 dollars a share in cash is 16 percent more than the 18.50-dollar-a-share bid made March 26 by Xstrata, which is based in Zug, [...]
Russian nickel producer makes play for Canadian rival
GMK Norilsk Nickel, the world’s largest nickel producer, offered 5.3 billion Canadian dollars Thursday for LionOre Mining International in an effort to break up Xstrata’s agreement to buy LionOre.
Norilsk’s offer of 21.50 dollars a share in cash is 16 percent more than the 18.50-dollar-a-share bid made March 26 by Xstrata, which is based in Zug, [...]
Indonesia clears mining company in pollution trial
An Indonesian court on Tuesday acquitted a U.S. executive and his company, Newmont Mining Corp., of sickening villagers by dumping dangerous levels of toxins into a bay, in a decision that reassured foreign investors already wary about legal uncertainties in the mineral-rich nation.
Environmentalists, however, were disappointed by the verdict, saying the government missed a [...]
Indonesian court clears U.S. mining firm
Newmont Mining Corp. and one of its executives were acquitted Tuesday of charges that the world’s biggest gold producer dumped dangerous amounts of toxic waste into a bay off of Indonesia’s Sulawesi Island.
The trial of Richard Ness and Denver-based Newmont was closely watched by foreign investors in Indonesia, which has some of the world’s largest [...]
Golden Star Reports Financial Results for the Fourth Quarter and 2006 Year
Golden Star Resources Ltd. (AMEX:GSS – News; TSX:GSC – News) today announced its audited results for the full year and fourth quarter 2006. (All currency is expressed in U.S. dollars, unless otherwise noted).
2006 RESULTS
* Net income of $64.7 million, or $0.31 per share
* Increase in revenues of [...]
Greystar Granted Integrated Mining Concession at Angostura
Greystar Resources Ltd. is pleased to report that key property claims over its wholly-owned multi-million ounce Angostura gold-silver resource in northeastern Colombia have been consolidated into a mining concession.
“This is an important milestone for Greystar,” said President David Rovig. “After years of diligent work, the official granting of the current integrated claim 3452 resolves the [...]
