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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 [...]
Hunan Valin Iron & Steel Group To Invest in Fortescue Metals Group
Hunan Valin Iron & Steel Group executives said China’s sovereign-wealth fund may help finance expansion at Fortescue Metals Group Ltd. through debt rather than stock purchases, as the Chinese steel group became the Australian iron-ore miner’s second-biggest shareholder.
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.
26 million tonnes Coal-mine Exports Plans by Exxaro Coal Resources
Miningmx cited Mr Ernst Venter general manager of Exxaro Coal as saying that EXXARO Resources plans to export 26 million tonnes of coal from its Grootegeluk coal mine as it increases production there to 120 million tonnes in a decade.
Mr Venter told Miningmx on the sidelines of the Coaltrans South Africa conference in Johannesburg “We [...]
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 [...]
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 [...]
