The World Bank said on Thursday Zambia should raise mineral royalties paid by foreign mining firms and even introduce windfall taxes if feasible to gain more benefit from higher global metals prices.
New World Bank country manager for Zambia Kapil Kapoor said the mineral-rich southern African country should take advantage of higher metal prices and raise […]

Franco-Nevada, the Canadian gold and energy royalty company sold to Newmont Mining Corp. in 2002, is set to rise again with an initial public offering aiming to raise more than $1-billion – by far the largest debut on the Toronto Stock Exchange this year.
Hoping to attract the millions of mining investment dollars that have come […]

OphiraVencap Inc. (”OPHIRA”) announces that on July 27, 2007 it signed a Letter of Intent (the “Letter of Intent”) with North Sea Energy Inc. (”NORTH SEA”), an arm’s length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger […]

Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 […]

Global Gold Corporation (OTCBB: GBGD) is pleased to announce that its wholly owned subsidiary, Global Gold Uranium, LLC, has commenced an airborne radiometric and magnetic survey over the Cochrane Pond uranium property located in southern Newfoundland. The survey is expected to take approximately four weeks to complete and will be followed by a prospecting program.
Global […]

China exported 27.6% more oil products in the first half of this year than in the same period of 2006, following the country’s initiation of an ambitious plan to expand refinery capacity, according to preliminary data released today by China Customs.
China’s oil product exports in June reached 1.44 million tonnes, bringing the total of the […]

Solana Resources Limited is pleased to announce final test results for the Costayaco-1 wildcat exploration well. Costayaco-1 is located in the Chaza Block, Putumayo Basin, southern Colombia. Solana holds a 50% working interest in the Chaza Block with Gran Tierra Energy Inc., the operator, holding the other 50% interest.
Costayaco-1 reached a total measured depth of […]

Global Gold Corporation (OTCBB: GBGD), an international gold mining, development and exploration company with mining properties in Armenia, Chile and Canada, held its annual shareholders meeting as noticed last Friday. With almost 80% of all outstanding shares represented in the voting process, shareholders re-elected the current Board of Directors by an over 99% favorable vote. […]

With world oil prices hovering at near nine-month highs and global energy firms flush with cash, analysts are predicting that control of Canada’s booming oil sands sector could soon fall into foreign hands.
Foreign bids worth tens of billion dollars are expected in the coming years as global oil companies look for new opportunities, say analysts.
“The […]

Gran Tierra Energy, Inc. has initiated a drill stem test (DST) program on its recently drilled Costayaco-1 exploration well in the Chaza Block, Putumayo Basin, in southern Colombia.
Oil shows were encountered in four different reservoir packages during the drilling of the well. Oil saturations were subsequently confirmed by electric logging. The zones being tested include […]