Mining industry
Delgratia Mining Corporation has announced its entry into the Nasdaq SmallCap Market, marking a significant milestone for the company's growth and expansion in the mining industry. With over 7.5 million acres of prospective ground in Nicaragua, the company is actively exploring for gold and base metals. The
Mining industry
Golden Regent Resources Ltd., a leading exploration company, has announced a joint venture partnership with a private Calgary company to explore their Slovakian properties. This partnership marks a significant milestone in Golden Regent's efforts to extract gold from their Slovakian assets, which have shown promising results in the
Mining industry
Pegasus Gold Inc., a leading international gold mining company, has successfully completed the issuance of its $100 million Convertible Subordinated Notes due April 30, 2002. This offering allows the company to access a significant amount of capital, which it plans to utilize for a potential takeover bid to acquire the
Mining industry
HRC Development Corporation, in partnership with Eldorado Corporation Ltd., has made a significant discovery in the Andes Project, a 1,200 square mile property located in Northwestern Argentina along the Chilean-Argentinean Border. The discovery of a second mineralized stockwork system, the Nordin zone, has been confirmed in trenches on a
Mining industry
The Papua New Guinea government granted a Special Mining Lease (SML) for the Lihir gold project on March 17, 1995, following extensive negotiations between the Lihir joint venture, the government, and the Lihir landowners. This development marks a significant step forward for the project, which is expected to commence construction
Mining industry
If the rumors are true and Renison Mining is behind the heavy trading in Pancontinental Mining, the aggressive instincts of Hanson plc may soon be on full display. Since taking control of Renison in 1989, Hanson has been relatively quiet, focusing on restructuring rather than acquisitions. However, with the subsequent
Mining industry
Amax Gold Inc.'s wholly owned subsidiary, Fairbanks Gold Mining Inc., has initiated construction on the Fort Knox Gold Mine, a significant project aimed at extracting gold in Alaska. The mine, set to start production by late 1996, is expected to produce over 350,000 troy ounces of gold
Mining industry
Centurion Mines Corp. has successfully extracted a 30-ton bulk ore sample from the upper levels of the Mammoth Mine in Utah. The assay results show a grade of 0.07 ounces per ton in gold, 10.5 ounces per ton in silver, and 9.9% copper, representing approximately $350 per
Banking industry
Metallgesellschaft AG, Germany's 14th largest industrial group, has secured a last-minute agreement with its creditors to avoid bankruptcy. The deal, worth 3.4 billion marks (approximately $2.55 billion), includes a larger cash contribution from Deutsche Bank AG and Dresdner Bank AG to overcome opposition from French banks.
