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Lincoln Gold Mining Sign LoI With ADGIS Acquire Gold Mine Deposit, California
Lincoln Gold U.S. Corp., a subsidiary of Lincoln Mining Corp. has signed a Letter of Intent with ADGIS. Letter of Intent regarding acquisition of mining assets in the Imperial County, California. Mining assets include Cruz Oro gold mine. Payment of royalties from gold mining exploration worth U.S. $ 50,000 per year and will increase to [...]
Glencore Will Buy Back Prodeco Coal Mines Assets From Xstrata Mining Company
Glencore is a mining company that operated the mine Prodeco. Prodeco coal mines located in the region of Colombia. Prodeco mining assets sold to Xstrata in January, when the company’s financial weakening.
Prodeco sales of $ 2 billion allowed Glencore to subscribe to rights issues Xstrata, the London listed global miner where Glencore has a 34 [...]
Black Fire Minerals acquires Karibib Lithium Pegmatite Project in, Namibian
Diversified resources company Black Fire Minerals has snapped up the Karibib Lithium Pegmatite Project from Australian private company Sunrise Minerals in a deal worth about $455,000.
The acquisition will be facilitated via Black Fire purchasing Sunrise’s private Namibian subsidiary Starting Right Investments Ninety Four, which is the holder of the Karibib Project Exclusive Prospecting Licences EPL3750 [...]
Mexico Gold Production Increases, United States Gold Production Decreased
Report submitted by the USGS said gold production in Mexico has doubled while the United States gold production fell by approximately 35%. The same opinion delivered by the president Timmins gold mining companies. As known Canadian mining companies do a lot of gold mining exploration activities in Mexico.
Gold Mining Company New Gold Reported Gold Production In The Third Quater 2009 Increased 16 Percent
New Gold Inc. today announced unaudited financial and operational results for the third quarter ended September 30, 2009. Gold production was 79,531 ounces in comparison to 68,801 ounces in the same quarter in 2008. Earnings from mine operations increased by 67% to $22.6 million from $13.5 million in the third quarter of 2008.
Chesser Resources To Increase Mining Investment on Gold Mining Project In Turkey
Chesser Resources planned gold mine development project in Turkey. In this gold mine project Chesser on gold production target with a high grade. Development of gold mining projects require substantial funding, so that the gold mine development project can be run in accordance with the company’s plans.
Essar Group Plans To Acquire Coal Mining Assets In South Africa
India is a coal export destination countries that are always growing. Every year India increased coal demand. Essar Group is a mining company that helps fulfill the coal supply in India. Every year Essar supply 6 million tons of coal. The Company has a contract with the Indian government to supply coal for 25 years.
China Excess Coal Import And Production In 2009
Growth of industrial sector in China is a remarkable growth. growth in industrial sector demand growth was followed by a significant supply of energy, so that the government of China should make the production of coal and imported coal as an energy source. In 2009 the import of coal and coal production of China has [...]
Coal Mining Company Arch Coal Profits Decreased, Coal Prices Falls
Coal mining company Arch Coal reported sales gains in the third quarter decreased, due to falling coal prices. Mining companies estimate the demand for coal will increase, especially coal used for steel making. Increased demand for coal will increase next year, coal demand is expected to reach the 4 million tons.
