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Cudeco Raises $20 Million via Sophisticated Global Investor

Cudeco (ASX:CDU) has picked up $20 million to ease market volatility via an institutional investor. The company has issued 10 million new shares at the rate of $2 each to the investor. The announcement made Cudeco shares rise by 12 cents, closing the week out at $2.15 per share.

From CuDECO Ltd. 24 Sep 2010

Medusa Mining Profits Up as Gold Production Increases

Medusa Mining has reported its full year net profit at a record 131% up at $65.8 million. The Philippines mine operator has seen its revenue increase by 121% to $94.6 million thanks to the increased production and higher sale price for gold. The production boost at its flagship Co-O mine has contributed in a large way to its financial records.

From Medusa Mining Limited 1 Sep 2010

Gains Across the Board for Ozzie Mining Stocks

The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...

From Fortescue Metals Group Ltd 24 Jun 2010

Cobalt News

Cudeco Raises $20 Million via Sophisticated Global Investor

Medusa Mining Profits Up as Gold Production Increases

Gains Across the Board for Ozzie Mining Stocks

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Cobalt News

1 New Materials Discovered in Toxic Mining Waste

2 Latin Metals Reports Acquisition of Lacsha Coastal Copper Property in Peru

3 Metso Outotec to Bring Unique Fasteners and Wear Monitoring Technology to Its Minerals Customers by Acquiring Davies Wear Plate Systems in Australia

4 Sierra Metals Reports Discovery of New High-Grade Silver Zone

5 Reunion Gold Declares a Binding Agreement with Suriname

6 Trigon Metals Signs Amendment to Extend Acquisition of Silver Hill Project in Morocco

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