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Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Top Gold Producer, Barick Closed Kainantu Gold Mining Exploration in PNG
Canada’s Barrick Gold, the world’s top gold producer, has closed its Kainantu mine in Papua New Guinea, local media reported on Thursday.
Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
Rio’s Iron Ore Unit Faces Further Industrial Action
Rio Tinto Group, the world’s third- largest mining company, faces the prospect of further industrial action by train drivers at its iron ore operations in Western Australia after the first strike today in more than 16 years.
Today’s 12-hour strike, in which 11 out of 12 drivers took part, was “only the commencement of the campaign,” [...]
Buffalo Gold and Sargold propose merger
Buffalo Gold Ltd. and Sargold Resource Corporation (”Sargold”) are pleased to announce they have signed a letter of intent (”LOI”) to enter into a friendly merger (”the Transaction”). Under the LOI, all outstanding securities of Sargold will be exchanged for common shares and common share purchase warrants and options of Buffalo.
Highlights of the [...]
Exeter Engages Chief Operating Officer and Appoints Two Directors
Exeter Resource Corporation (”Exeter” or the “Company”) is pleased to announce three important appointments:
- Mr. Paul Cholakos has been appointed as Exeter’s Chief Operating Officer, initially based in Argentina;
- Mr. Robert Reynolds has been appointed as an independent director of the Company; and
- Mr. Patrick Esnouf has accepted a position as a director of the [...]
Wega Mining ASA to make investment of up to C$10 million in Tagish Lake Gold Corp.
Wega Mining ASA and Tagish Lake Gold Corp. (TSX-V: TLG – News) announced today that they have entered into a subscription agreement pursuant to which Wega Mining has agreed to make an equity investment of up to C$10 million in Tagish Lake Gold Corp.
Under the terms of the subscription agreement, Wega Mining’s investment will be [...]
Canada’s Barrick Gold Corp already on track to deliver the company 600,000 ounces this year
Barrick, the higher minor of the gold of the world, indicated its seam of Porgera for – hundred – had by 95 in Guinea New Guinea-News, already on the way to provide the company 600.000 ounces this year, held the promise of more than gold to come in years to come.
“We expect it to be [...]
Movement of marks of resources of Asia of straits of oil and to poison the sector
The resources of Asia of straits limited decided to enter the sector of hydrocarbons, and appointed Dr. Rizal Ramli the former Coordinating minister of finances and economy in Indonesia, as a senior staff of its new subsidiary company of oil and gas.
It is expected that Dr. Ramli, who has had a long and close association [...]
