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African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe
African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]
China Became the World’s Largest Supplier of Gold, Surpassing South Africa
The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry
Results Of Mining Exploration Company’s In Gold Mine In The Republic Of Congo
Plagued by financing difficulties, contract rows, and image problems, Democratic Republic of Congo’s languishing gold projects are failing to cash in on impressive reserves and healthy prices.
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.
Botswana Mining Exploration Future, Credit Crunch Will Affect Mining Development
The global credit crisis is beginning to affect mining projects in Botswana as companies are now expected to struggle to raise funds to start up or expand operations.
There is currently a multitude of multinational companies that directly rely on funding from international markets that are in the process of setting up mining operations in Botswana [...]
Africa’s Gold Mine Producer May Spend Less as Price Falls
AngloGold Ashanti Ltd., Gold Fields Ltd. and Harmony Gold Mining Co., Africa’s biggest gold producers, may review spending plans after metal prices tumbled and credit availability tightened.
“They don’t have a choice,” said Abri du Plessis, chief investment officer at Gryphon Asset Management in Cape Town.”Demand is fast beginning to fall away, even if gold still [...]
NovaGold Second Quarter Financial Results and Project Update
NovaGold Resources Inc.today announced its financial and operating results for the three months ended May 31, 2007, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements and Management’s Discussion and Analysis which, together with further details on each of the [...]
Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
Vaaldiam Strikes New Deal with Rio Tinto
Vaaldiam Resources Ltd. (TSX: VAA) has secured an agreement with Rio Tinto Desenvolvimentos Minerais Ltda. (”Rio Tinto”) transferring operatorship and 100% ownership of the Southern Block of the Pimenta Bueno diamond project to Vaaldiam. Rio Tinto retain an option to back-in to a 60% interest in any kimberlite pipe that meets Rio Tinto’s development criteria. [...]
