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North Queensland Metals Into an Option Agreement To Buy Dotswood Gold Mine Project
North Queensland Metals Limited has entered into an option agreement to purchase the Dotswood Gold Project, located 60km southwest of Townsville.
Citigold Plans Provide Acces To Gold Reef Mining Areas Significant Increase In Gold Mining Production
Citigold has advised that the advancement of the western decline will provide the planned access to additional gold reef mining areas from the current workings. These reefs are the Imperial reef and the Sons of Freedom reef.
China Iron & Steel Company Candidate Expansion Pilbara Iron Ore Project
Hunan Valin Iron & Steel has pipped China’s largest steelmaker, Baosteel, as the leading candidate to fund a $3billion-plus expansion of the Fortescue Metals Pilbara iron ore project.
Canada Mining Exploration Company Shift Away From Metal Mine Exploration to Coal Mine Exploration
Canada’s biggest diversified mining company has made a major shift away from metals to coal.
Teck Cominco Ltd.’s $14-billion (U.S.) offer for Fording Canadian Coal Trust – the largest coal sector deal in history – amounts to a major bet by Teck on continued strength for the commodity, which is used to make steel and is [...]
Mining Exploration, Market and Trade Reported
This week crude oil spiked 8% higher Friday into the high $130s; Senator Barack Obama cinches the Dem-Nom; an Israeli official says that bombing Iran’s nuclear facilities looks inevitable; the U.S. unemployment rate pops half a full percentage point to 5.5%; the buck gets thumped despite Bearded Ben’s early-week fireside chat (where he uncharacteristically mentioned [...]
Global Gold Holds Annual Meeting
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. [...]
Azco Mining Intends to Proceed with Production of Summit Silver-Gold Project
Azco Mining Inc., a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced it will proceed with production of its Summit silver-gold deposit, after receiving positive pre-feasibility study results. Chapman, Wood and Griswold (”CWG”), consulting mining engineers and geologists of Albuquerque, coordinated the study of the Summit deposit in [...]
Atomic Minerals Announces Signing of Letter of Intent to Acquire 1209 Unpatented Uranimum Mining Claims in Colorado
Atomic Minerals Ltd. (”Atomic” or the “Company”) is pleased to announce that it has entered into an agreement in principle with 0754257 B.C. Ltd. (the “Target”) dated January 11, 2007 (the “Agreement”) to acquire all of the issued and outstanding securities of the Target (the “Proposed Acquisition”).
Atomic is a capital pool company and intends [...]
Archpelago’s gold plant arrives on site at Toka Tindung project in Indonesia
ARCHPELAGO’S GOLD PLANT ARRIVES ON SITE AT TOKA TINDUNG PROJECT IN INDONESIA
• Ex-Barrick Gold Plant Ready For Installation
• Foundation Works Continuing
• Pre-Stripping Operations To Begin In April
Archipelago Resources plc (AIM: AR.) has received the processing equipment purchased from Barrick in Chile on site at the Toka Tindung gold project in Sulawesi, Indonesia. The plant, weighing [...]
