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Anglogold And Randgold Joint Venture To Acquire 20 Percent More Shares Of Gold Mining Project In Congo
Two of the largest gold mining company Anglogold Ashanti and Randgold Resources a joint venture to acquire 20 percent more shares Moto gold mining projects from Okimo. The funds will be issued by both companies to get the Moto gold mining stocks approximately $ 113.6 million.
Randgold Resources Opinion Gold Mine Deposit and Discovery in Senegal Exceeds Expectations
Randgold Resources Ltd., the owner of gold mines in West Africa, said a deposit in Senegal has exceeded expectations and may be one of its top discoveries.
Oilfield has been discovered in South Australia’s Far North
A BILLION-DOLLAR oilfield has been discovered in South Australia’s Far North, the find touted as one of the biggest of its kind on the Australian mainland.
Closely following the announcement by BHP Billiton of a massive copper and gold resource at Olympic Dam, Queensland-based Innamincka Petroleum said yesterday it had discovered 120 million barrels of oil [...]
Newmont Mining loses $2.06-billion in Q2 2007
Newmont Mining Corp. has released the second quarter financial and operating results, which include a negative $2.12-billion impact of strategic initiatives completed during the second quarter. For the quarter, the company reported a net loss of $2.06-billion $4.57 per share), compared with net income of $161-million (36 cents per share) for the second quarter of [...]
Energy Metals Enters Agreement With Anadarko Land Corp.
Energy Metals Corporation is pleased to announce the signing of an Exploration License with Option to Lease with Anadarko Land Corp. a subsidiary of Anadarko Petroleum Corp. (APC-NYSE) covering 65 square miles or more than 41,000 acres of prospective uranium bearing ground in Carbon and Sweetwater Counties, Wyoming. The land covered is railroad grant land [...]
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
RP on cusp of mining boom amid buoyant metals prices
Boosted by soaring ore prices, cheap capital and a more investor-friendly regime, mining companies are rushing in and snapping up tenements in the Philippines seeking to profit from the developing world’s industrial boom, experts say.
From majors like BHP Billiton, Anglo-American and Xstrata to bare-bones exploration outfits, they are betting hundreds of millions of dollars that [...]
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property
Scandinavian Minerals commences Bankable Feasibility Study for Kevitsa nickel-copper-PGE property Toronto, Ontario Canada – Scandinavian Minerals Limited (TSX: SGL) today
announced that it has commenced the Bankable Feasibility Study for its 100%-owned Kevitsa nickel-copper-PGE property, located in Finland. This follows the positive Pre-Feasibility Study released last July (see Press Release dated July 18, 2006) and the [...]
