10 Chinese coal producers have joined a UN program to promote the development and deployment of clean coal technologies. The move aims to reduce emissions and environmental pollution. But some analysts believe it will take a while for China to reduce its reliance on coal.
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Kinross Gold, mining companies-Driven in Toronto, reported profits obtained from exploration and production of gold fell. Lowering profits for financing the expansion of higher gold mine. Expansion gold mines done because of the increase in gold prices.
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Two of the largest gold mining company Anglogold Ashanti and Randgold Resources a joint venture to acquire 20 percent more shares Moto gold mining projects from Okimo. The funds will be issued by both companies to get the Moto gold mining stocks approximately $ 113.6 million. Read More…
Brisas mine is a mine run by mining company Gold Reserve Inc. Gold Reserve mining company has invested $ 300 million to develop Brisas copper and gold mine. Venezuela government mining plan for the development of Brisas gold and copper will be conducted by a joint venture between the Venezuelan government and Rusoro Mining Ltd. Read More…
Egypt ASEC is Egyptian mining company that focuses on mining exploration. ASEC Egypt has made a deal to buy 10 percent shares of the company that holds the GMA Resource gold mining operation rights Algeria. The acquisition, Read More…
Caza Gold Corp. announces that it has entered into a formal agreement to purchase two gold exploration property packages located in Chihuahua, Mexico from Exmin Resources Inc.
The Company is purchasing Exmin’s 100% interests in 49 mineral properties totalling 47,433 hectares, known as the Moris Exploration properties, in the Moris gold district of western Chihuahua where Hochschild Mining plc owns and operates the 25,000 oz per year Moris open pit, heap leach gold mine.
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Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only emerging market where he isn’t selling right now, he is no longer buying new Chinese shares, and says he is now only investing in China indirectly through commodities investment.”
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Western Standard Metals Ltd. and Freegold Ventures Limited are pleased to announce that further to the news release dated September 8, 2009, Western Standard has completed the acquisition of a 100% interest in Freegold’s Almaden gold project located in Idaho. In consideration, Western Standard has issued:
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Bright International Group Ltd will buy the eight gold mines in China. Eight gold mine that will be purchased 7:41 valued billion Hong Kong dollars (U.S. $ 956.1 million). Bright International said on Sunday plans to buy six mines in Hebei province of the Gold Mark Enterprises Ltd. in a deal valued at HK $ 6.35 billion. It is said also plans to buy two mines in Shandong Province from Wingem Investments Ltd. for HK $ 1.06 billion.
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Fujian Daily reported, Zijin Mining has discovered reserves of copper mines and gold mines in the province of Fujian. Reserves of gold mines and copper mines is estimated around 80,000 tonnes. Zijin Mining to find reserves of copper mines and gold mines through mineral exploration activities Zijinshan basin. Read More…
