Search Results
Sino Gold Mining Company Says Slowdown May Offer Acquisition Chances
Sino Gold Mining Ltd., operator of China’s second-largest bullion producer, said the financial crisis and economic slowdown may allow it to pick up assets in the Asian nation.
“We see this as a tremendous opportunity for further growth in China,” Chief Executive Officer Jake Klein said today in an interview in Beijing. “We see, at [...]
Virginia panel approves study of mining vast uranium trove
A state commission approved a study Thursday to examine the impact of mining a rich uranium ore deposit in Virginia believed to be the largest untapped trove of uranium in North America.
Venezuela and Russia Initiate Gas Exploration and Expand Strategic Alliance
the Venezuelan state oil company PDVSA and the Russian company Gazprom began drilling for gas in the Gulf of Venezuela. Government officials from both energy giants further concretized an alliance with cooperation agreements in a wide variety of areas, including nuclear energy, gold mining, and flights between the two countries.
Mexican billionaire buy stake in US Mining Company Bronco Drilling
Mexican billionaire Carlos Slim bought a 7.64 per cent stake in US company Bronco Drilling, which has a contract to drill three wells for state oil monopoly Pemex, according to US regulatory filings.
Slim purchased 2.2 million shares of onshore driller Bronco Drilling Co Inc on Oct 15, according to a filing to the US [...]
Canada Mining Investment, Rio Tinto investing $228-million in Quebec hydro
Global resources giant Rio Tinto PLC [RTP-N] said Tuesday it will spend $228-million (U.S.) to install a new 225-megawatt turbine at its Shipshaw power station in Saguenay, Que., as part of the company’s investment in what it calls quality assets.
The previously announced project is expected to be completed in December, 2012.
Katanga Joins Mining Companies Delay Projects to Conserve Cash
Katanga Mining Ltd., the company restarting the largest underground copper mine in the Democratic Republic of Congo, said it is reviewing capital expenditures as the global credit crisis intensifies.
“This review will help us focus on maximizing operating cash flow while preserving balance-sheet capacity,” the London- based company said today in a statement. Spending on the [...]
Copper Mine Price Down But a Long Way From Out
While tumbling copper prices have caused some of the world’s largest producers to retrench, startup copper mining projects such as the Rosemont mine southeast of Tucson are moving ahead with optimism.
“We are proceeding forward with no change in our development plans,” said Gil Clausen, president and CEO of Augusta Resource Corp., which is developing the [...]
Copper, Nickel Extend Declines on Lower World Demand for Metals
Copper fell to a three-year low and nickel dropped to the lowest since 2003 on speculation that a global economic slump will curb demand for metals from investors who had helped send commodities to a record in July.
Copper fell below $4,000 a metric ton in London for the first time since October 2005, and the [...]
Buffalo Signs M.O.U. To Growing A Gold Mining Company
Brian McEwen, President and CEO of Buffalo Gold Ltd. is pleased to announce that the Company has signed a Memorandum of Understanding (M.O.U.) with China Railway Resources Co. LTD. (”CRRC”), a wholly owned subsidiary of China Railway Group Limited (”CREC”) (www.crec.cn) to invest directly into the Company as well as finance the Mt Kare project [...]
