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UK Mining and Exploration Company, Vatukoula Gold Mines Receive Offer Approach, Share Up 68 Percent
Vatukoula Gold Mines Plc., formerly River Diamonds Plc, said on Thursday it was in early stage talks with a number of potential buyers after receiving offer approaches, sending its shares up as much as 68 percent.
Activist and Mine Workers Demand Africa Mining Tax Reforms
African governments should publish and review all tax subsidies and concessions given to multinational mining firms to boost resources that could be used for fighting poverty, activists said on Wednesday.
Gold Mining Production by Sierra Gold Corporation on February
Sierra Gold Corporation today announced that the February gold production yielded over 70 troy ounces of gold. The equipment used on the property had to be shut down from February 21 until March 10 for repairs.
Sierra Gold Announces Second Gold Sale From Sierra Leone Property; Hires Local Geologist
Sierra Gold Corp. (Pink Sheets:SGCP) announced today that the Company, as of February 24th, 2008, has extracted and sold a second kilogram of alluvial gold from its Pampana River property in the west African nation of Sierra Leone. The Company also announced that is has retained the services of a local Geologist, Mr. Joseph Kamara, [...]
Sierra Leone to review mining contracts
Sierra Leone’s government will review all mining contracts in the West African state to try to clean up corruption and cheating and maximise benefits for the nation, Minister of Mines Alhaji Abubakarr Jalloh said.
“We’re not going to allow our minerals to be a curse to us,” Jalloh told Reuters in an interview this week.
“We are [...]
Sierra Gold Corporation Receives Positive Gold Assay Results from Hard Rock Formation
Sierra Gold Corporation has just received gold assay results from its April 2007 chip samples tested by SGS Laboratories in Toronto, Canada. Samples were taken from the hard rock portion of the property. Assay results for gold were approximately .5 oz/ton (15 grams/ton).
Sierra Gold’s geological team will continue to investigate and further explore the hard [...]
MN1 to Host Special Feature With Mineral Exploration and Mining Companies
Market News First (www.mn1.com), a leading news source in the IPTV space, is proud to bring you the Mineral and Mining Special hosted by MN1’s Saul Albom. The show will highlight mineral exploration and mining companies and industry information you can’t miss. The companies are: Avino Silver & Gold Mines Ltd.; Houston Lake; Petaquilla Minerals [...]
World’s mining firms dig in perilous terrain
The world’s biggest mining companies, hungry for metals increasingly tapped out in developed countries, are plunging into risky new terrain. Mining executives are setting up operations in some of the most violent, politically turbulent places, like the Tenke Fungurume copper and cobalt mine Phelps Dodge approved here in December.
Expatriate homes for the Tenke staff have [...]
Ambrian Launches AIM’s First Precious Metals Fund
London investment banking group Ambrian Capital has today launched the Golden Prospect Precious Metals Ltd. closed-end fund on the London Stock Exchange’s Alternative Investment (AIM) market, ticker symbol: GPM. The fund is the first fund to list on the AIM dedicated to making equity investments in the precious metals sector and is registered in the [...]
