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Australian Mining Companies, Perseus Increase Investments In Gold Mines In Ghana
Perseus is an Australian mining companies that have multiple mines exploration areas in several countries that have the potential mine.
Companies have to get additional funds to undertake the development of operating mines. Additional funds for the development of operating mines sekitra $ 58 million. The funds came from investors in Australia and the United States.
Labrador Iron Mines Announce Financial Condition, Mining Company Start-Up Iron Ore Project
Labrador Iron Mines Holdings Limited announces that it has filed its unaudited Financial Statements and MD&A for the third quarter and nine months ended December 31, 2008.
Mining Exploration Forum Discuss : Financing Option for Increase Mining Venture and Mining Operation
A two-day forum that starts tomorrow will discuss financing options for mining ventures amid increasingly difficult economic conditions worldwide.
Subsidiary of Rio Tinto Cancel Aluminum Mine Exploration Investment in Saudi Arabia
A subsidiary of global mining giant Rio Tinto Group said Wednesday it is pulling its investment out of a $7 billion Saudi Arabian aluminum project due to the weakening global economy.
Mining Exploration Policy : India should implement new mineral policy: MCA
India should implement investor friendly National Mineral Policy to attract investments from Australia in the sector, Mineral Council of Australia said.
“India is not an easy destination to do business and the country should implement the Hoda report that has been approved by the Cabinet and a Bill has been drafted. Many of Australia’s concerns [...]
Rusian Nickel Mining Exploration Company, Norilsk Nickel Disappointing 1Q Financial Results
The world’s top nickel and palladium miner, Norilsk Nickel [OTC:NILSY; LSE:MNOD], announced disappointing first quarter financial results on May 4, in the wake of its major deal with Russia’s aluminium giant United Co. Rusal. Amid analysts’ warnings of value dilutive repercussions stemming from the deal, Norilsk’s unexpected first quarter losses appeared to raise some doubts [...]
Australian Mining IPO Index Companies, Australia Fizzle as Losses in Uranium
Australian initial public offerings may lose money for a second straight year in 2008 as investors retreat from unprofitable commodity explorers and financial companies infected by losses from subprime mortgages.
Bloomberg’s Australian IPO index of 243 companies that went public in the past year fell 2.2 percent in 2007 while the S&P/ASX 200 Index rose 17 [...]
OphiraVencap Inc. Announces Proposed Qualifying Transaction with North Sea Energy Inc.
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 [...]
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 [...]
