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Gold Price Rallies as Macquarie Raises 2010 Gold Forecast to $1,150
The price of gold has settled into a lower range after climbing into the all-time high of $ 1226 per ounce as gold prices and gold mining stocks have been facing the headwind of a stronger U.S. dollar. Correction recently gold prices have fallen $ 115 from the high-December 3 this morning for a low [...]
Mining News From Global Mining and Steel Summit in NY, Appetite For Risk Rises With Gold Price
As gold prices have surged near $1,000 an ounce, miners’ appetites for geopolitical risk have grown as well.
Mining Exploration Investment, Investors Unhappy With Toll Treatment Costs
Great Basin Gold and its investors are deeply unhappy with the toll treatment costs imposed on it at Newmont’s Midas plant in Nevada, prompting management to actively talk about setting up a dedicated mill and finding another outlet in the interim.
Judging from CEO Ferdi Dippenaar’s comments during Great Basin’s maiden quarterly conference call it would [...]
BP Inc. Kwinana Re-opening Coal Mine Station In Western Australia
News today in Bloomberg reported, BP Inc. Kwinana’s reopening coal mine exploration in Western Australia. BP bid to minimize the effects of a two- month energy shortfall. Before this station, 30 percent reduction in its natural-gas output after a plant exploded.
The 120 megawatt Kwinana No. 1 plant, previously closed down for about two months for [...]
Midlands Minerals Announces the Emergence of a Gold Bearing Structure Parallel to the Esaase Open Pit Mine on Sian-Ghana
Midlands Minerals Corporation is pleased to announce that RC drill hole MERC-12 intersected a gold bearing structure 440 meters south of hole MERC-02 which was reported on June 11, 2007 as a newly found unexplored gold zone. This area was not previously explored by Sian and is potentially a new discovery which will increase [...]
General Metals Corporation Executes Confidentiality Agreement With Newmont Mining Providing Mutual Protection on Data Exchange at Independence Mine
General Metals Corporation confirms that on June 14, 2007, after several discussions and meetings at the Company’s Independence Mining claims with neighbor Newmont Mining www.newmont.com, we entered into a joint confidentiality agreement regarding an exchange of data by both parties. As previously stated, our Independence Mine is an island in Newmont Mining’s claims where [...]
Six Projects Totaling 25,000 Meters of Drilling Slated for 2007
Solitario Resources Corporation announces that drilling has commenced on three of its exploration properties as part of the most aggressive drilling campaign in its corporate history. A total of 25,000 meters of drilling is currently anticipated on six separate projects located in Mexico, Brazil, Peru and Bolivia. Over 80% of this drilling will be 100% [...]
Power Supply the Key to Investment in Ghana
LAST month’s business seminar in Johannesburg, hosted by the government of Ghana to coincide with the country’s 50th anniversary of independence, provided South African companies with an opportunity to learn first-hand about trade and investment prospects that extend beyond mining and exploration.
The seminar was attended by senior Ghanaian government officials and prominent business leaders such [...]
Midlands Minerals to Accelerate Drilling on Sian-Ghana
Kim Harris, Chief Executive Officer, Midlands Minerals Corporation is pleased to announce the Company has engaged D & D Securities Company (the “Agent”) to assist in raising up to Cdn$2,400,000 through a brokered private placement to accelerate drilling on the Company’s Ghana gold properties. It is proposed the Company will offer up to 6,800,000 [...]
