Orezone closes US$40 million debt facility
Orezone Resources (OZN-T, OZN-X) has closed the first of what will be several multi-million dollar debt facilitie…
Africa
Citibank rates Freeport-McMoRan Copper & Gold a “buy”
Despite concerns that the Democratic Republic of the Congo will take more cash and a greater share of the massive T…
Navasota unperturbed by Rio’s troubles in Guinea
VANCOUVER –Christopher Wild, the president and CEO of Navasota Resources (NAV-V, NAORF-O), doesn’t have any grand delusions about his company’s giant bauxite property in Guinea, West Africa.
MagIndustries boosts Kouilou reserve
Four months after nailing a 25-year licence to mine potash in the Republic of Congo, in Equatorial Africa, MagIndustries (MAA-V, MAAFF-O) has filed an updated technical report and reserve and resource…
Axmin’s permits restricted in Central African Republic (August 29, 2008)
A decree by the Central African Republic to restrict permits valid for a number of minerals to gold alone is a dev…
International Beryllium funds nuclear fuel research (August 29, 2008)
International Beryllium (IB-V) has agreed to fund a two-year, US$500,000 research project by Purdue University in W…
Iamgold bids for Euro Ressources
In a move to cut cash costs, mid-tier gold producer Iamgold (IMG-T, IAG-N) is making a cash bid for Euro Ressources…
DRC official sounds sour note
Words from the mouth of an official of the Democratic Republic of Congo’s mines ministry were anything but music to…
South Africa plans to restrict uranium exports
South African minerals and energy minister Buyelwa Sonjica is planning to limit uranium exports from the country, a…
High River buys out Russian partner at Prognoz
High River Gold Mines (HRG-T, HRIVF-O) is snapping up the remaining 50% stake in the Prognoz silver project in the Republic of Sakha in Russia, about 444 km north of the capital city of Yakutsk.
Barrick’s Q2 strong despite rising costs
Despite a 91% jump in oil prices, which averaged US$124 per barrel in the second quarter compared with US$65 per barrel in the same quarter a year ago, Barrick Gold’s (ABX-T, ABX-N) second-quarter rev…
MagIndustries boosts potash reserve in Republic of Congo
Four months after nailing a 25-year licence to mine potash in the Republic of Congo in Equatorial Africa, MagIndust…