AFRICAN QUEEN MINES LTD. has announced a non-brokered private placement offering to raise gross proceeds of up to CAD $4.875 million. Under the terms of the private placement, the Company will offer for sale up to 7,500,000 Units (the "Units") at CAD $0.65 per Unit.
African Gold Group, Inc. (TSX VENTURE:AGG) has reported the analytical results for 17 near surface, step-out reverse circulation drill holes from the Company's Kobada, Mali gold project.
Cayden Resources Inc. (TSX VENTURE:CYD) has announced that it has entered into an option agreement with La Camera Mining Inc., an Ontario corporation, to acquire its Mexican subsidiary which has a purchase right to buy the Morelos Sur gold property.
Rare earth elements or rare earth metals are giving most nations nightmares. The alarm over China's decision to cut down on shipments of these critical metals has spread globally as countries scramble to find alternative supplies by developing new mines around the world. China dominates the production of these metals with a 97% share in the global market.
By Joel Scanlon
18 Oct 2010
In what must have been an emotional return to the mine some of the Chilean miners rescued recently attended a special thanks giving ceremony. After being trapped for 69 days the 33 miners were recently rescued when a mammoth rescue operation launched to free them concluded.
By Joel Scanlon
18 Oct 2010
With a brand new Diamond Exchange India is moving towards becoming a global trading centre for cut and polished diamonds.
By Joel Scanlon
18 Oct 2010
In a desperate race against time rescue workers in China are trying to reach 11 trapped miners in the Pingyu coal mine in Central China.
By Dr. Cameron Chai
18 Oct 2010
The proposed joint venture between BHP Billiton and Rio Tinto has finally been laid to rest in the face of regulatory opposition coming in from Europe and Asia. The joint venture located in Western Australia would have created the world's largest iron ore exporter.
The copper business development manager of Rio Tinto, Matthew Holcz feels that planned copper mining projects would be unable to meet the demand for the metal in the next decade.
The Mexican mining industry faces a new threat from drug cartels. According to the Mexico Mining Chamber some mining firms engaged in exploration in remote areas have shuttered some projects due to the rising costs of security. The isolated mountain regions in Mexico are where drug traffickers grow marijuana and heroin poppies.
By Dr. Cameron Chai
17 Oct 2010
Australian oil and gas exploration and production company Santos Ltd (ASX:STO) is on a mission to raise money. After a sale of 700 million Euros worth of hybrid notes last month it has priced an additional 300 million Euros worth of notes this month.
Fortescue Metals Group is facing rising production costs along with the rise of the Australian Dollar. The Chief Financial Officer of Fortescue, Stephen Pearce said that the strengthening Australian dollar has continued to have an impact over the quarter, given that approximately 70 per cent of the operating costs are in Australian dollars.
Ante5, Inc., a Delaware corporation entered into an asset purchase agreement with Twin City Technical, LLC, a North Dakota limited liability company, and Irish Oil and Gas, Inc., a Nevada corporation to acquire Sellers' right, title, and interest in mineral leases on approximately 3,712 net acres in consideration for a total of $2,969,648 of cash, payable in full at the closing, plus 5,011,281 shares of the common stock of the Company.
Crocodile Gold Corp. (TSX:CRK)(OTCQX:CROCF)(FRANKFURT:XGC) has announced an updated mineral resource estimate at its Pine Creek project area in the Northern Territory of Australia with a significant upgrade of inferred mineral resources to indicated mineral resources and also an increase in the overall estimates of both indicated mineral resources and inferred mineral resources.
Apache Corporation (NYSE, Nasdaq: APA) said today that three successful wells appraising the Balnaves-1 discovery in License WA-356-P offshore Western Australia will trigger development planning by subsidiary Apache Julimar Ltd Pty.