Beaconsfield Gold and Bendigo Mining's merger is in doubt after a potential loan default has come to light. In July the companies had agreed to a potential merger which would reduce risks and enhance growth prospects for both companies.
By Joel Scanlon
11 Oct 2010
Fortescue Metals Group (ASX:FMG) has managed to line up a $2.06 billion bank loan facility to help its expansion plans. Shares in the third largest iron ore miner in Australia closed at a high of $6.25, up 7.76% after the announcement on Monday.
Zambian copper shipments are having a good run on the global market with officials expecting exports to reach a four decade peak in the year 2010.
By Dr. Cameron Chai
11 Oct 2010
Metminco Ltd, a mining exploration company with 72.3% stake holding in Hampton Mining Limited is seeking to raise AUD$30 million to accelerate the Los Calatos copper exploration project in Peru.
By Dr. Cameron Chai
11 Oct 2010
Gold Fields Limited (JSE, NYSE, NASDAQ Dubai: GFI), last week announced a 10-year, US$1 billion bond offer to international investors. The transaction was successfully completed yesterday.
Conway Resources Inc. (TSX-V: CWY) has announced the start of geophysical work on an unexplored portion of the Belleterre Mine property located west of highway 382. This work will consist of ground magnetometry, Very Low Frequency and Induced Polarization surveys on 31 line-km of grid. The surveys will be conducted by the Quebec City firm Geosig.
Atlanta Gold Inc. (TSX V: ATG) has announced that additional assay results for the first two holes from its ongoing intermediate depth drilling program at its Atlanta property in Idaho, U.S.A. indicate gold mineralization between and below the previously known mineralized zones.
Gran Tierra Energy Inc. (NYSE Amex: GTE; TSX: GTE), a company focused on oil and gas exploration and production in South America, today announced preliminary results of the Moqueta-3 delineation well in Colombia and an operations update for Colombia, Peru and Argentina.
Pelangio Exploration Inc. (TSX VENTURE:PX) has announced a third gold discovery at the Manfo Property in Ghana, including further near-surface, high-grade drill results from Pokukrom East.
High Desert Gold Corporation (TSX VENTURE:HDG)(PINK SHEETS:HDGCF) announced today that Norvista Resources Corporation a private Canadian corporation headquartered in Toronto, has exercised the option on the Company's Canasta Dorada gold project located in Sonora, Mexico.
TVI Pacific Inc. (TSX:TVI)(OTCQX:TVIPF) today announced the acquisition of rights to explore and subsequently acquire a highly prospective Copper-Zinc-Gold Property on the Zamboanga Peninsula, Mindanao Island, Philippines.
Evolving Gold Corp. (TSXV: EVG) (FSE: EV7) has announced additional assay results from its 2010 core drilling program at its Rattlesnake Hills project in central Wyoming.
QUEENSTON MINING INC. (TSX:QMI)(FRANKFURT:QMI) has announced drill results from the first 14 holes (7,980 m) on its 100% owned Amalgamated Kirkland property located in Teck Township, Kirkland Lake Ontario. The drilling program is providing information to both verify previous drilling results and complete a National Instrument 43-101 resource on the AK gold deposit.
Puma Exploration (TSX VENTURE:PUM) has announced the start of exploration activities on the Turgeon Copper Project, located only 25 kilometres northwest of Bathurst, New Brunswick.
Silvore Fox Minerals Corp. (TSX VENTURE:SFX) has announced the completion of a 436 line-kilometre survey of high resolution AeroTEM IV TDEM, Magnetics and Radiometrics, over the Corporation's 100% owned mineral rights, flagship, Coxheath property.