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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%).
CIC To Buy Equity Stake Teck Resources, China To Increase Investment In The Mining Sector
Teck Resources is a mineral exploration mining activities have a very knowledgeable. Teck mining company that produces zinc, copper, coal and metallurgy. To maintain the existence of the company and support the mine operations company, Teck will sell some equity stake to the state-owned China Investment Corp. (CIC). Equity stake sale is expected to pay [...]
Conservationist Protes Iron Ore Mine Exploration in Sierra Leone Eastern District
A Chinese enterprise, CIC Mining Resources Limited has acquired a100% equity to prospect and mine minerals in the Bagla Hills area in Sierra Leone’s eastern district of Kenema, APA learns here Wednesday.
UBS Is Hired for PetroChina’s $5.9 Billion Shanghai Share Sale
UBS AG has been hired by PetroChina Co. to arrange what may become China’s biggest share sale this year, raising as much as $5.9 billion, people with direct knowledge of the decision said.
UBS Securities Co., the China venture of Europe’s largest bank by assets, won a mandate for PetroChina’s share sale, the people said, asking [...]
Banro completes initial drilling program at Twangiza with further wide zones of gold mineralization intersected
BANRO COMPLETES INITIAL DRILLING PROGRAM AT TWANGIZA WITH FURTHER WIDE ZONES OF GOLD MINERALIZATION INTERSECTED
Drilling results include 211.68 metres grading 2.41 g/t Au, 91.63 metres grading 2.16 g/t Au, 55.90 metres grading 5.99 g/t Au and 11.30 metres grading 5.05 g/t Au
Toronto, Canada – January 23, 2007 – Banro Corporation (”Banro” or the “Company”) (AMEX [...]
Baytex Energy Trust Announces Restatement of U.S. GAAP Financial Statements Reconciliation
Baytex Energy Trust (TSX:BTE-UN.TO – News)(NYSE:BTE – News) (the “Trust”) announces its intent to restate its financial statements prepared under Generally Accepted Accounting Principles (”GAAP”) in the United States for the fiscal years from 2003 to 2005. These restatements are required in order to amend previously issued reconciliations between financial statements prepared under Canadian GAAP [...]
Proximity to energy-hungry South Africa seen as advantage of Mmamabula
Canadian-listed CIC Energy Corp. is streaking ahead with plans for its 12 Mt yearly coal mine and adjacent 3 600 MW coal-fired power station in Botswana’s Mmamabula coalfield.
CIC chief operating officer Francois Badenhorst says that the company is currently involved in a detailed business feasibility study for the Mmamabula Energy Project, which it anticipates will [...]
