Mining industry
Equitable Mining Corporation, a rapidly expanding company focused on acquiring, exploring, developing, and extracting mineral rights worldwide, has taken significant steps to achieve production at its existing mining sites and finalize the acquisition of more properties. The company has announced the completion of a memorandum of understanding with a privately
Mining industry
David Hottman, Chairman and Chief Executive Officer of Nevada Pacific Gold Ltd., announced that the company has received an unsolicited offer from U.S. Gold Corporation to purchase all outstanding common shares. The offer price is 0.23 of a U.S. Gold share for each outstanding common share of
Mining industry
Paramount Gold Mining Corp. has announced the receipt of an environmental permit to commence drilling at their Linda project in Peru, a significant milestone in the company's efforts to explore and develop the prospective gold property. The permit clears the way for a 2000 meter drill program, which
Mining industry
The Philippine-based mining company, Pearl Asian Mining Industries, Inc. (OTC:PAIM), has hired Mr. Richard C. Miller of Georgia to handle its investor relations, aiming to better service its shareholders. Meanwhile, the company's "Operation Gold Finger" project, located on the Island of Masbate, is progressing as
Mining industry
Troy Resources NL, an Australian mining company, has announced the appointment of two high-profile industry professionals to its board. Effective April 3, 2006, Tommy McKeith will take on the role of Chief Executive Officer (CEO) and Executive Director, bringing with him 17 years of experience from Gold Fields Limited. McKeith
Mining industry
Oxiana Ltd, a gold and base metal miner, is confident about the future of its commodities business, with managing director Owen Hegarty expecting a strong year in 2006. The company has posted a strong net profit of $A80.302 million for the first half of 2005/06, a significant improvement
Mining industry
Barrick Gold Corporation has entered into an agreement with Antofagasta PLC to acquire 50% of Tethyan Copper Company's Reko Diq project and associated mineral interests in Pakistan, in the event that Antofagasta is successful in its bid to acquire Tethyan. The Reko Diq project is a highly prospective
Mining industry
Barrick Gold Corporation has entered into an agreement with Antofagasta PLC to acquire 50% of Tethyan Copper Company's Reko Diq project and associated mineral interests in Pakistan. The move comes after Antofagasta reached a deal with Tethyan to acquire its entire issued share capital for Australian $1.20
Mining industry
Melbourne-based zinc and lead miner Zinifex has expressed its continued interest in acquiring the tantalum assets of failed miner Sons of Gwalia, despite reports of a possible relisting on the Australian Stock Exchange. Sons of Gwalia collapsed in 2004 due to significant debt and mining problems, but its tantalum assets,
Mining industry
Placer, a leading gold major, has solidified its presence in Western Australia's gold exploration scene by partnering with junior Australian companies Red 5 Ltd and Gateway Mining Nl. The three-way agreement allows Placer to earn a 60% stake in the WA tenements by investing $A2.5 million within
Mining industry
The Ok Tedi mine, a major copper and gold mine in Papua New Guinea, has been generating acidic waste that poses significant environmental risks. According to managing director Keith Faulkner, acid rock drainage from the mine's waste has started to form, causing large patches of vegetation to die
Mining industry
Solomon Islands-based copper and gold exploration company, Solomon Gold, is set to list on the London Stock Exchange's Alternative Investment Market (AIM) in February 2006. The company holds a significant presence in the South West Pacific region, recognized for its high concentration of world-class copper-gold porphyry systems and
