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Rio Tinto 15 pct Falls Iron Ore Mine Production, Expect Iron Ore Mine Demand From Chinese Steel Industry
The rising toll of the global slump and downturn in commodities, is hitting Rio Tinto. And, as is usual in the north of Australia during the wet, the weather played its part again. The world’s third biggest miner revealed yesterday in its March quarter production report that first-quarter iron ore output fell 15% after floods [...]
Rusian Mining Exploration Company, Russia’s Norilsk Nickel Stretches From Arctic to SA, US to Australia
In July 2007, a Canada-domiciled mining company was acquired by a Russian group for $5,2-billion. That company was LionOre, and it had assets in Southern Africa – an 85% share in Tati Nickel, in Botswana, and a 50% stake in Nkomati Nickel, in South Africa.
LionOre’s buyer was the giant Russian mining and metallurgical group, OJSC [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Cigma Metals Corporation Signs Deal in Kazakhstan
Cigma Metals Corporation (Cigma, the Company)(Other OTC:CGMX.PK – News)(Frankfurt:C9KAF.F – News) is very pleased to announce the Company has signed an agreement with Eureka Mining Plc to earn up to 90% of the 14,000 km2 Dostyk project in Kazakhstan. Cigma intends to expand and diversify from its gold operations in Russia to include the Gold [...]
Charges to Income Lead to Pogo’s First Quarter Net Loss;
In the first quarter of 2007, Pogo Producing Company (Nachrichten) reported a net loss of ($21,195,000), or ($0.37) per share, on revenues of $351,406,000, compared to first quarter 2006 net income of $67,471,000, or $1.18 per share, on revenues of $373,538,000. Discretionary cash flow in the first quarter of 2007 was $163,574,000, down from $192,261,000 [...]
Rambler Metals & Mining Plc:Unaudited Interim Results for the Three and Six Month Periods Ended 31 January 2007
Rambler Metals and Mining plc is pleased to announce its interim financial results for the six-month period ended January 31, 2007. The Net Loss for the six-month period was GBP 390,231. Working capital, as at January 31st 2007 was GBP 2,945,099. The Net Loss Per Share was 0.97p.
Operational highlights for the period include:
Uranium in South Africa: Hotspot in the Karoo
PRETORIA (ResourceInvestor.com) — Mining activity is beginning to heat up in South Africa’s Karoo Basin, an area where uranium ore deposits are once again attracting interest from mining companies.
Brinkley Mining Plc. [AIM:BRM] on Feb. 13 confirmed that South Africa’s Department of Minerals and Energy has officially granted Western Uranium Pty. Ltd., Brinkley’s South African subsidiary, [...]
Alpha One Corporation to Acquire Aztek Resource Development Inc. and the Mineral Exploration Rights to Two Properties Located in Guyana, South America as its Qualifying Transaction.
Alpha One Corporation Mr. Donald Christie on behalf of the Board reports,
ALPHA ONE CORPORATION TO ACQUIRE AZTEK RESOURCE DEVELOPMENT INC. AND THE MINERAL EXPLORATION RIGHTS TO TWO PROPERTIES LOCATED IN GUYANA, SOUTH AMERICA AS ITS QUALIFYING TRANSACTION
Alpha One Corporation (the “Company”) entered into a letter of intent dated April 3, 2006 with Aztek Resource Development [...]
Fronteer Identifies Three Additional Uranium-Copper-Gold-Silver Target Areas on its Yukon Project
Fronteer Development Group Inc. (”Fronteer”) (TSX: FRG)(AMEX: FRG) is pleased to announce encouraging new uranium-copper-gold-silver results from three additional Olympic Dam-style prospects in the Wernecke Mountains, Yukon. These prospects – Hail, Hail West, and Pagisteel, along with two previously announced prospects called Fireweed and Thunder Mountain, will be the focus of a 10,000 metre follow [...]
