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Gold Prices Increase on Falling Supply and Rising Demand
February gold futures broke $1200 for the first time a little after 4AM New York time. February 2010 is now the major front month contract after the expiration of the December contract on November 30th.
Gold futures were up 14% in November, the best monthly performance in ten years. Silver was also up 14%. Gold traded [...]
First Private Sector Gold Exploration Company In India
Deccan Gold Mines Ltd., the first private sector gold exploration company in India, announced that the company has signed a memorandum of understanding or MoU with JB Mining Holdings Ltd.Hong Kong, for mining exploration in North East Africa.
As per MoU, Deccan Gold Mines Ltd. scope of work includes carrying out the entire gold exploration, resource [...]
Condition Of Commerce Of Mining Exploration Sector, Gain Of Massey Merger On US Coal Mine Exploration
Taker over mine company Alpha Natural Resources Inc. by Cleveland-Cliff equal to $10 billion is an the biggest acquisition process in coal industry.
While the worldwide bear market slowed mergers and acquisitions by 35 percent in the first half of the year, takeovers of energy and mining companies jumped 33 percent so far this year as [...]
Indonesia Antam to reduce dependence on nickel
But nickel is the main business of the company whose sales revenue more than quadrupled to 4.1 trillion rupiah ($451.1 million) – JAKARTA, Oct 3 – Indonesian state-owned miner PT Aneka Tambang plans to reduce its dependence on nickel and step up its gold and bauxite business in coming years, a senior company official said.
The [...]
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 [...]
Niger plans audit of foreign, local mining firms
Niger`s government is planning its first ever audit of mining and energy firms as foreign explorers flock to its expanses of mineral-rich desert, the West African country`s government said.
The world`s third largest uranium producer last year changed its mining law to allow the government to audit foreign firms, in line with the Extractive Industries Transparency [...]
Mindoro Resources Ltd.: Further Positive Drill Results From Agata Nickel Laterite
Mindoro Resources Ltd. is pleased to report results from a further eleven drill holes on two drill cross sections on the Agata nickel laterite project. The limonite horizon on the two sections, 100 meters apart, averages 1.15 percent nickel and 44.77 percent iron over an average thickness of 6.63 meters. These grades exceed current requirements [...]
Mindoro Resources Ltd.: Update From Agata Nickel Laterite Project
Mindoro Resources Ltd. is pleased to provide an update from the Agata nickel laterite project, where five coring drill rigs are in operation. Both limonite and saprolite horizons of the laterite are substantially thicker than anticipated, not only increasing tonnage potential, but also expanding market potential for the higher-value nickel material in the saprolite [...]
Golden Eagle Confirms Confidence Demonstrated by Recent World-Class Projects in Bolivia
Golden Eagle International, Inc. confirmed its scheduled Conference Call and simultaneous Webcast on Thursday, March 8, 2007, at 4:15 p.m. EST (3:15 p.m. CST; 2:15 p.m. MST and 1:15 p.m. PST). The Webcast will feature a PowerPoint presentation updating progress on the C Zone gold project and the Buen Futuro A Zone gold-copper project. (IMPORTANT: [...]
