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Stirling Resources to Complete Agreement Recapitalization Monarch Gold
West Australian resources developer Stirling Resources advises it is completing funding and documentation arrangements for the A$15m recapitalizations of Monarch Gold with formal settlement to occur later this week.
Settlement date for the transaction is set for 26th February 2010 and on completion Stirling will own and control 35% of Swan Gold Mining Limited (the renamed [...]
ValGold Reports Additional Drill Results for the Garrcon Area, Garrison Gold Property, Ontario
ValGold Resources Ltd. is pleased to announce additional drill results from holes six, seven, and eight of the 2009 diamond drilling program on its 100%-owned Garrison gold property. Northern Gold Mining Inc. is the operator of the exploration program and is in the first year of an option agreement under which it is earning its [...]
Black Fire Minerals acquires Karibib Lithium Pegmatite Project in, Namibian
Diversified resources company Black Fire Minerals has snapped up the Karibib Lithium Pegmatite Project from Australian private company Sunrise Minerals in a deal worth about $455,000.
The acquisition will be facilitated via Black Fire purchasing Sunrise’s private Namibian subsidiary Starting Right Investments Ninety Four, which is the holder of the Karibib Project Exclusive Prospecting Licences EPL3750 [...]
Mayfly To Be Protected Habitat at Expense of Coal Mining Exploration in US Mountaintops Coal Mine
Mayflies may seal the fate of mountaintop mining in the Appalachian hills of the eastern U.S.
Companies such as Massey Energy Co. that mine coal there by stripping mountain peaks and dumping debris in streams are being asked by the Environmental Protection Agency for the first time to safeguard the mayfly, one of the oldest winged [...]
Western Coal Corp. Plans to Boost Coal Mine Production to 10M tonnes by 2013
At its recent shareholder meeting, Vancouver-based Western Coal Corp. announced that it plans to boost annual coal output to 10 million tonnes by 2013. The company noted that metallurgical coal markets are recovering, with recent spot prices for coking coal now over US$170/tonne. Next year’s contract coal prices are also expected to be significantly higher [...]
Lake Shore Gold Corp To Acquire West Timmins
Vancouver’s West Timmins Mining Inc has agreed to be acquired by Toronto-based Lake Shore Gold Corp. in an all-share deal worth approximately $319 million. The merger will combine the company’s stake in the Timmins gold mining district in northern Ontario and Quebec and will create a large new gold mine complex in an area that [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
China’s Mining Companies Are Planning A Giant Mining Exploration Targets
China mining sector development plan for the exploration of mining potential in the country. The giant mining exploration plan will be carried out by China’s own mining company. Mining exploration plan has been done by taking over coal mining exploration activities undertaken by the mining company Felix Resources.
Gold-Mine Exploration Permit, Canada Gold Mining Companies Evaluated
The Ninth Circuit Court of Appeals will hear oral arguments Wednesday on whether the Canadian corporation Barrick Gold will be allowed to construct and operate an open pit gold mine on Mt. Tenabo in Nevada. The mine is planned on lands that are culturally and spiritually significant to the Western Shoshone native people.
