Search Results
Shanta Gold Mining Company Reported Chunya Gold Mine Project Discovery Gold Mine Resources
Shanta Gold announced Friday that a total in situ gold resource of greater than 845,000 ounces, at a cutoff grade of 0.0 g/t, has been delineated at its Chunya-Saza property in southern Tanzania.
LV Mining Company Completes Definitive Agreement To Establish Gold Mine Production
Lake Victoria Mining Company is pleased to report that it has completed a definitive agreement with Geo Can Resources Company Limited of Tanzania to establish a producing gold mine at Kinyambwiga Gold Project.
Canadian Firm Acquires Uranium Property
VIPR Industries Inc. of Canada has completed its acquisition of the Manyoni Uranium Property, which it described in a statement yesterday as highly prospective.
The company said surveys have established strong potential for significant uranium mineralization at the property in Singida Region. Its president and chief executive officer Mike Gerstner said the property demonstrates excellent potential [...]
Tanzania Govern. Mining Firm More To Pay Tax
The Government plans to review its taxation structure in this year’s national Budget to get especially the mining companies to pay more, the Finance minister says.
Mr Mustafa Mkulo, the Minister for Finance and Economic Affairs, who is visiting neighbouring Mozambique, told The Citizen by telephone from Maputo yesterday that the review would particularly target the [...]
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 [...]
Denison Makes a New Bid to Acquire OmegaCorp Limited
Denison Mines Corp. (”Denison”) (TSX:DML)(AMEX:DNN) is pleased to announce a new takeover offer to acquire all of the remaining shares of OmegaCorp Limited (”OmegaCorp”) (ASX:OMC) (including any shares issued on exercise of an option issued in OmegaCorp) that Denison does not already own at a price of AU$1.30 per share, for a total consideration of [...]
Securing African Oil a Major Role for New Command, General Says
The U.S. military’s new Africa command will help safeguard West African nations’ oil and other energy production against rebel or terrorist attacks, the general organizing the command said today.
The U.S. wants to help countries such as Nigeria, its fifth- largest supplier of oil, improve its military’s ability to thwart the kind of attacks by militants [...]
Namibia: Investors’ Credibility Can Be Verified Before Granting Licences
Namibia’s Chamber of Mines has cautioned the government against closing its doors to potential investors in the uranium sector.
The government last year stopped issuing uranium prospecting licences to regulate the activities because of an upsurge of demand in the global market for the resource, considering that uranium was not only used for electricity generation but [...]
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 – [...]
