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Western Standard Acquires Freegold’s Almaden Gold Project
Western Standard Metals Ltd. and Freegold Ventures Limited are pleased to announce that further to the news release dated September 8, 2009, Western Standard has completed the acquisition of a 100% interest in Freegold’s Almaden gold project located in Idaho. In consideration, Western Standard has issued:
Ghana Earning Royalties and Corporate Tax From Gold Mining Companies
For centuries, Europeans stripped Ghana of its gold deposits to such an extent that in colonial times it was known as the Gold Coast.
Gold Mining Company, Alamos Gold’s Reported Gold Mine Exploration Increase 21 Percent From Sonora Mine, Mexico
In March of this year, Alamos Gold announced an increase of 21 percent in proven and probable reserves at its 100% owned Mulatos gold mine in Sonora Mexico. Coincident with the reserve increase was a decrease in measured and indicated resources of 14 percent (as those moved up into the reserve category), but an increase [...]
South Africa Government Delay Implementation New Mineral and Mining Royalties
In an effort to mitigate job losses in the mining industry, South Africa’s Finance Minister Trevor Manuel on Wednesday proposed that government delay the implementation of new mineral and mining royalties until March 2010.
Mining Companies To Pay Royalties Hard-Rock Mineral-Extraction
A 137-year-old exemption that allows companies to extract hard-rock minerals from public lands without paying royalties could cost the nation $1.6 billion during the next decade, says a new report by the Pew Campaign for Responsible Mining.
Gold and Copper Mine Exploration Project on Mount Diwalwal Failed
Vice president of the state-run Philippine Mining Development Corp., said : “No Mining Companies submitted a bid for gold and copper mine exploration project”.
Philipines Government bidding for a potential gold and copper mine site on Mount Diwalwal in southern Philippines, but on Wednesday when no investor turned in an offer, a senior state official said.
Mining Sector Analysist : Markets Opportunities In The Mining Sector
Cash flow is king as investors weed through murky markets for opportunities in the mining sector, says Wellington West analyst Catherine Gignac.
In particular, Ms. Gignac likes low-cost producers who are cashed up during these uncertain times.
“Those [producer] companies with cash flow and low cash costs, low capital spending programs and manageable debt service levels [...]
Mines Exploration Contract : Ecuador Moratorium on Mining and Cancellation of Concessions
All mining activity has been put on hold while stakeholders determine how they are affected. Markets reacted swiftly to the news with share prices of foreign companies operating in Ecuador dropping dramatically.
Ecuador’s constituent assembly has released a mandate in which over 3,000 mining concessions are either cancelled or suspended without compensation or legal recourse for [...]
Canadian gold and energy royalty company offering aiming to raise more than $1-billion
Franco-Nevada, the Canadian gold and energy royalty company sold to Newmont Mining Corp. in 2002, is set to rise again with an initial public offering aiming to raise more than $1-billion – by far the largest debut on the Toronto Stock Exchange this year.
Hoping to attract the millions of mining investment dollars that have come [...]
