Central African Mining (CAMEC) has reported a ’significant’ coal discovery in Mozambique, which it says will help the company profit from current high prices for the commodity.
The first phase of a drilling programme in the southern African country’s Tete region delineated around 195m tonnes of coal, CAMEC said.
“We are greatly encouraged by the initial results […]
Purepoint Uranium Group Inc. is a Canadian exploration and development company, currently focused on uranium exploration in the world-class Athabasca Basin in northern Saskatchewan, where it has a large land position.
eResearch analysts, Michael Wood, B.A. (Sc.) (Mining Engineering) and Bob Weir, B.Sc., B.Comm., CFA, are maintaining their “Speculative Buy” Recommendation on Purepoint’s stock. The 12-month […]
Canadian-based, Vangold Resources Ltd, has signed a production sharing contract (PSC) with Kenya’s Ministry of Energy to explore oil on Block 3A in the North Eastern Province.
This is the third exploration contract to be signed with an international oil company in three weeks.
Block 10A went to Camec International of the UK, Block 11 to the […]
Uranium One Inc. (”Uranium One”) is pleased to announce that it has submitted an application to the Nuclear Regulatory Commission (”NRC”) in the United States to construct and operate an in situ uranium recovery facility at the Moore Ranch Project located in Campbell County, Wyoming. This is the first application for a new uranium recovery […]
Cameco Corp., the world’s biggest uranium mining company, signed an agreement with Australian explorer U3O8 Ltd. for a joint venture as it seeks to start producing the radioactive metal in the country.
The venture will cover 100 percent-owned licenses held by both companies in the Ashburton region of Western Australia, Perth-based U3O8 said today in a […]
Canadian industrial stocks may advance, led by Bombardier Inc., after the biggest train maker got an order from the Dutch railway service, and an English regulator said that its Metronet rail venture should be reimbursed as much as 1.1 billion pounds ($2.2 billion).
Uranium miners and explorers may advance after RBC Dominion Securities Inc. raised its […]
North American markets finished the session ahead, but couldn’t hold onto all of the gains set earlier in the day, as Toronto lost some of its footing on lower energy prices and the Dow Jones dropped below its new record, set above the 14,000-point mark.
Toronto’s S&P/TSX composite index rose 43.76 points to 14,382.01, after the […]
Uravan Minerals Inc. (”Uravan”) and Cameco Corporation (”Cameco”) commenced a 5000 meter widely-spaced reconnaissance diamond drill program on the Boomerang Uranium Project, Southwest Thelon Basin, NT. Commensurate with drilling operations a 1000 square kilometer geological and structural mapping program and a 2500 square kilometer surface geochemical sampling program have also begun.
Prior to drilling operations, drill […]
Katanga Mining Ltd said on Monday it has formed an independent committee of board members to review “all strategic alternatives” as it faces the possibility of a takeover offer from Central African Mining & Exploration Co (CAMEC).
Last week, CAMEC raised its proposal for an all-stock bid for Katanga to £943 million (US$1.9 billion).
The unsolicited proposal […]
Katanga Mining Limited (TSX: KAT) (”Katanga” or the “Company”) acknowledges today’s announcement by Central African Mining and Exploration Company plc (”CAMEC”) of its intention to make a revised all share offer, but notes that a formal offer has not yet been made. The Board will evaluate a formal offer from CAMEC, if and when […]