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Peru Gold Mining Company, Minera IRL To Acquire 75% Stake in Chile
Peru gold miner Minera IRL said on Tuesday it has an option to acquire a 75 percent stake in the La Falda porphyry in the Maricunga gold belt of northern Chile, which comprises mining and exploration permits of 15 425 ha (38 116 acres).
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 [...]
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 [...]
BacTech Advancing Godbout Uranium Project
BacTech Mining Corporation (”BacTech” or the “Company”) (TSX VENTURE: BM) is pleased to announce recent developments on the Godbout uranium project located near Baie Comeau, Quebec. Field programs are developing a number of new targets on the Godbout “A” property. In particular, an interesting radioactive zone has been discovered in the central part of the [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
IFC defends Russian gold miner Peter Hambro Mining
The International Finance Corporation (IFC), an investment arm of the World Bank, recently delivered a message to Russian reporters to try to warn off Russia’s environmental regulator from sanctioning Peter Hambro Mining (PHM), a gold miner in which the IFC holds a 3.5% shareholding.
The IFC’s stake in PHM cost $32 million in two tranches. The [...]
Macquarie to Raise A$2 Billion in April Boart IPO, People Say
Macquarie Bank Ltd., Australia’s largest securities firm, plans to raise about A$2 billion ($1.6 billion) in an initial public offering of mining equipment maker Boart Longyear Group, two people with knowledge of the sale said.
Shares in Salt Lake City, Utah-based Boart will start trading on the Australian Stock Exchange in April, said the people, who [...]
Indonesia’s Riches Draw China, India
When it comes to energy and industrial commodities, China and India are Asia’s fiercest competitors. For the last couple of years, both Chinese and Indian companies have done deals across the globe — from Latin America to Africa — to win oil exploration rights or secure long-term raw material contracts.
Now they have set their sights [...]
Nautilus set to make ocean mining a reality
The notion of mining the ocean floor for minerals has always carried the whiff of the fantastical.
A massive ship once commissioned by the CIA to raise a sunken Russian submarine was constructed under the guise of being a deep-sea mining vessel owned by the reclusive billionaire Howard Hughes.
Others, including Inco Ltd., spent nearly half-a-billion dollars [...]
