Medoro Resources Ltd. announced today that drilling has commenced on the eastern sector of the company’s Sindo property in Mali.
A first drilling phase is aimed at checking at depth the gold occurrences contained within two highly anomalous areas in the vicinity of extensive artisanal workings. The program consists of 20 diamond drill holes for […]
May 9th, 2008 Tags: Canaccord Adams, Company, Development Company, Diamond, Diamond Drilling, Doyle, Eastern, Gold, IGHL, Mali, mining, Resources, Resources Limited, Venezuela
Magnus International Resources, Inc. is pleased to announce the signing of an Earn-In Agreement with Canmin-Gold Limited, a subsidiary of IBI Corporation, on the Ibanda gold exploration property located in southwest Uganda.
Under the terms of the Agreement, Magnus has the right to earn a 5% interest in the property for each $150,000 of expenditures that […]
May 5th, 2008 Tags: Africa, African Mineral Fields, Base metal, China, Company, Eastern, Exchange, Gavin Conway, Gold, Gold Mine, gold miner, Holly, IGHL, Kampala, Magnus, metal, mine, Miner, Mineral, Orica, owned subsidiary, Platinum, precious and base metal properties, Price, Resources, Safe Harbor, Southwest, Uganda, United States
Hard Creek Nickel Corporation The Northwest Power Line Coalition released preliminary findings today of a study on the potential benefits of a power line along Highway 37 in northwest British Columbia.
According to preliminary findings provided by Macquarie North America, providing electric power along Highway 37 has the potential to achieve $3.5 billion in capital investments […]
April 19th, 2008 Tags: America, BOARD OF DIRECTORS OF, British Columbia, Coal, Columbia, DIRECTORS OF, Environment, Exchange, Galore Creek, Hydro, IGHL, mine, Miner, Mineral, mining, North America, Northwest, Northwest region, Power, power producer, Rita, The TSX Venture
Universal Uranium Ltd. has terminated the option agreement dated February 10, 2006 with Artillery Peak Uranium Corp. Pursuant to the terms of the Agreement, the Company had the option to earn and acquire a 100% interest in Artillery Peak Uranium Corp.’s 86 lode mining claims totalling 1776.85 acres located 186 kilometres northwest of Phoenix, Arizona.
April 19th, 2008 Tags: Arizona, CDNX, Chairman, Company, Exchange, Exploration Company, IGHL, Labrador, Lima, Lisbon, Lisbon Valley, lode mining claims, mine, Miner, Mineral, Mines, mining, Moab, Northwest, Orica, Phoenix, The TSX Venture, Universal Uranium Ltd., Uranium, uranium miner, Utah, Valley
Montezuma Mining announced that it has successfully negotiated an agreement with Dolphin Resources to acquire their 10% interest of the Mt Padbury licence E52/1529. In consideration for Dolphin’s remaining interest, Montezuma will issue to Dolphin 400,000 fully paid shares and 100,000 options exercisable at $0.20. The licence is highly prospective for gold, manganese and iron […]
April 17th, 2008 Tags: ADB, commercial, finance, Gold, IGHL, Iron Ore, mine, mining, Resources, Shares
East Delta Resources Corp. announced today that its majority owned subsidiary, Sino-Canadian Metals Inc. has completed construction of a metals processing plant that produces a nickel-copper aggregate from ore supplied by local mines.
The facility, owned by Sino-Canadian through its Joint Venture in China, is located in Qinghai Province and has been in development for over […]
April 17th, 2008 Tags: Base metal, China, Coal, Company, Copper, Delaware, Gold, IGHL, law, metal, metal prices, mine, Miner, Mineral, Mines, mining, Montreal, Orica, owned subsidiary, Price, Prices, Quebec, Resources, Safe Harbor, Silver, SUN, Trade, Zinc
Beijing is poised to take greater control of China’s push to secure Australian iron ore assets, amid speculation that Chinese entities are considering a $22 billion-plus share raid on BHP. China’s top planning agency says its state-owned enterprises needed greater “macro-guidance” to reduce risks and competition, given the spiralling value of iron ore assets, The […]
April 17th, 2008 Tags: Aluminium, Australia, Beijing, BHP, China, Coal, IGHL, Iron Ore, iron ore miner, mine, Miner, Miners, National Development and Reform Commission, Power, Price, Prices, Reform Commission, Rio Tinto, state-owned enterprise
Nigerian oil output could fall by nearly a third by 2015 if the country does not garner more investment, the Financial Times reported Thursday.
The business daily quoted a progress report by advisers to President Umaru Yar’Adua that it had seen as saying that funding shortfalls “portend a grave danger not just to the reform process […]
April 17th, 2008 Tags: Africa, Energy, energy industry, finance, fuel, Gas, gas production, IGHL, Niger, Nigeria, Oil, Oil and Gas, oil and gas production, oil industry, oil output, oil producer, the Financial Times
Oil Search Ltd has sold a package of its Middle Eastern assets for $US200 million ($A216.01 million) to focus on the development of a liquefied natural gas project in Papua New Guinea. The oil and gas producer, PNG’s largest, has sold eight assets across Egypt and Yemen to private outfit, Kuwait Energy Company KSC.
“The sale of […]
April 15th, 2008 Tags: Asia, Asian, Australia, commercial, Company, east coast, Eastern, Egypt, Energy, Energy Ltd, Export, Exports, Exxon, ExxonMobil, Gas, gas producer, gas project, Guinea, IGHL, Kuwait, Libya, liquefied natural gas, Market, markets, Middle East, Mobil, Natural Gas, natural gas project, Nippon, Nippon Oil, Oil, Oil and Gas, oil and gas producer, Papua, Papua New Guinea, Pipeline, Santos, Shares, Southern Highlands, Thailand, Tunisia, Yemen
Oil prices rose to an intraday trading record above $112 a barrel Tuesday after the U.S. dollar fell further and crude supplies to the U.S. and elsewhere were disrupted.
The main driver of crude’s rally was a decline in the greenback relative to the euro on Monday, analysts said. Crude oil’s recent run above $100 a […]
April 15th, 2008 Tags: ANZ, ANZ Bank, Australia, bank, banking, Brent, Crude Oil, Dutch Shell, Energy, energy giant, Exchange, Gas, Gasoline, General Electric, General Electric Co., Gold, Gulf, Gulf coast, heating oil, IGHL, London, Mark Pervan, Market, markets, Melbourne, Midwest, Natural Gas, natural gas futures, New York, Niger, Nigeria, Oil, oil futures, Oil price, Oil prices, oil rises, oil supplies, Pipeline, Price, Prices, Royal Dutch, Royal Dutch Shell, Singapore, supported oil, Trade, U.S. Gulf, U.S. Gulf Coast, Victor Shum, Wachovia, Wachovia Corp.
With prices for key commodities at record highs, Indonesia — Southeast Asia’s biggest economy and a key exporter — should, at first glance, be enjoying good times. But with high oil prices leading to a government fuel subsidy blowout and rising food prices hitting the poor, analysts say most Indonesians are being squeezed.
Indonesia is the world’s […]
March 31st, 2008 Tags: Asia, Asian, bank, central bank, Coal, CP, crude palm oil, Education, electricity, Energy, Export, finance, food, fuel, Gas, high oil, high oil price, high oil prices, IGHL, Indonesia, Java, law, mining, Oil, Oil price, Oil prices, Palm oil, Price, Prices, Resources, services, Southeast Asia, Standard Chartered Bank, Susilo Bambang Yudhoyono, Trade, Trade Ministry
The two global steel giants that snapped up Canada’s two largest steel makers are battling in court over a soured deal involving a jointly owned iron ore mine in Labrador.
ArcelorMittal Dofasco Inc. is suing U.S. Steel Canada Inc. (the former Stelco Inc.) and mining company Cleveland-Cliffs Inc. after ArcelorMittal’s an agreement to buy out its […]
March 30th, 2008 Tags: Arcelor, Bush, Canada, Canada Inc., Cleveland, Cleveland-Cliffs Inc., Company, Dofasco Inc., IGHL, Iron Ore, Labrador, Market, markets, mine, Mines, mining, Ontario, Ontario Superior Court of Justice, Price, steel, steel maker, steel makers, Superior Court, U.S. Steel