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UK Firm To Raise $450 M For Tanzania Nickel Project
African Eagle Limited will seek an equity partner to finance an up to $450m nickel project in Tanzania, and could sell some of its existing copper and gold projects to raise funds.
In a press note, the company said a bankable feasibility study and business plan for the Dutwa nickel project in Tanzania, the company’s main [...]
Albidon hedges Zambia nickel output
Australia’s Albidon Ltd has locked in high nickel prices for the first years of its flagship Munali project in Zambia, its managing director said.
Albidon is seeking to expand regional exploration, with exploration projects in four other African countries.
Construction is underway on the company’s Munali underground nickel mine, which is due to produce its first concentrate [...]
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 [...]
Castillian Announces $9 Million Exploration Program on Nickel Sulphide Projects and Additions to Technical Team
Castillian Resources Corporation (Castillian) (TSX VENTURE: CT) announces that the Board of Directors has approved a Cdn$9.0 million exploration budget to aggressively explore the Company’s three key nickel sulphide projects. The company has set an objective of completing the delineation drilling of the Mangabal South Deposit in Brazil and the Las Aguilas Deposit in Argentina, [...]
Xstrata Extends Offer for LionOre
Xstrata plc announces the extension of the expiry time of its all-cash offer to acquire all of the LionOre Mining International Ltd. (”LionOre”) shares to midnight (Vancouver time) on 28 June 2007. Following Xstrata’s decision not to match the offer made by OJSC MMC Norilsk Nickel (”Norilsk”) to acquire all of the LionOre shares, LionOre [...]
Bringing Sudbury mining knowledge to South African university
As a South African university seeks to begin empowering its local population through mining-related knowledge, it is reaching out to Sudbury’s Cambrian College to assist them in their efforts.
The university intends to open up a geology degree program to 25 students in 2008, with the same enrolment numbers open to degree programs in mining, metallurgy, [...]
Castillian Announces Acquisition of 100% of Maximus Resources Ltd.’s Option/JV Rights to Acquire an Interest in the Las Aguilas Nickel Copper-PGM Property, Argentina From Marifil Mines Ltd.
David Gower, President & CEO of Castillian Resources Corporation (Castillian) announces that, subject to regulatory approval, Castillian has reached an agreement with Maximus Resources Ltd. (Maximus) whereby it will acquire 100% of Maximus’s rights to acquire an interest (the Underlying Agreement) in the Las Aguillas Nickel-Copper-PGM Project from Marifil Mines Ltd. (Marifil) (TSX VENTURE:MFM – [...]
Nickel project for US$95m expansion
Xstrata Nickel of Ontario, Canada, has announced a further investment of US$95 million and the commencement of a pre-feasibility study to advance the Kabanga nickel project in western Tanzania.
An update to the preliminary resource estimates has also been announced for the project, a 50/50 owned joint venture of Barrick Gold Corporation and Xstrata Nickel, operated [...]
Xstrata Nickel Commits US$95 Million, Updates Resource Estimate and Commences Pre-Feasibility Study at Kabanga Joint Venture Nickel Project, Tanzania
Xstrata Nickel announces further investment of US$95 million and the commencement of a pre-feasibility study to advance the Kabanga nickel project located in western Tanzania.
An update to the preliminary resource estimate has also been announced for the project, a 50/50 owned joint venture of Barrick Gold Corporation and Xstrata Nickel, operated by Xstrata through a [...]
