Articles from the ‘Mining’ category
Posted by Contributor on May 10, 2011 at 9:44 am in Business, Mining
credit: Kevin Kelley Representatives of American high-tech industries are warning that a law intended to promote peace in the Democratic Republic of Congo could result in a “de facto embargo” of minerals mined in many African countries. But the Obama administration as well as Africa-focused activist groups are defending the law known as the Dodd-Frank [...]
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Posted by Contributor on April 29, 2011 at 11:23 am in Business, Mining
The Ghana National Petroleum Corporation (GNPC) has confirmed to ghanabusinessnews.com that it has an initial 10% interest in a new oil discovery at the Paradise prospect offshore Ghana. The discovery was announced Wednesday April 28, 2011 by New York based oil company Hess Corporation. The company said it has found hydrocarbons at a deep-water field [...]
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Posted by Contributor on April 21, 2011 at 6:05 pm in Business, Mining
Written by David Adetona Shaw River Resources has launched a $25 million share placement to raise funds for the development of its manganese assets in Australia, Namibia and Ghana. The Australian based company said it would issue 125 million shares at 20 cents per share to sophisticated and institutional clients of Hartleys Limited and its [...]
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Posted by Contributor on April 18, 2011 at 12:54 pm in Business, Mining
The Shelron Group, Inc. (OTC BB: SRNG) (the “Company”), today announced that the Company is entering into the precious metals market. Shelron will begin working with metals and gold, and is now considering joint venture proposals to purchase primarily gold mines. The Company is performing due diligence of a gold mine in Ghana, relying on [...]
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Posted by Contributor on April 15, 2011 at 12:02 pm in Business, Mining, Other Top Stories
Gold Fields CEO says he is keen to buy Iamgold’s stake in its two Ghana gold mines. credit: ALLAN SECCOMBE GOLD Fields is keen to buy Canada’s Iamgold stake in its two Ghana gold mines and the company has put its uranium project firmly on the backburner, said CEO Nick Holland at the release of [...]
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Posted by Contributor on April 5, 2011 at 10:57 am in Business, Mining
The board of Newmont Mining, the second-biggest gold producer by output volume, has approved funding to develop the Akyem gold project in Ghana, the company said on Thursday. “Newmont’s board has cleared Akyem through the fourth stage-gate in Newmont’s four gate project review process, which roughly equates to “bankable feasibility” approval,” the firm said in [...]
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Posted by Contributor on March 25, 2011 at 1:08 pm in Business, Mining, Other Top Stories
AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that the Ghana Mining Commission has now extended the Term of the underlying Noyem-Nyafoman Prospecting License LVB 10244/1995 (the “License”) for a period of one year through March 22, 2012. Extension of the license, which recently was formally transferred to the Company’s operating subsidiary AQ [...]
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Posted by Contributor on at 8:59 am in Business, Mining, Other Top Stories
credit: Alex Bell The World Diamond Council (WDC) has urged all international diamond dealers not to trade in stones from Zimbabwe’s controversial Chiadzwa diamond fields, until their legal trade status has been clarified. The warning comes after the new chairman of the international trade watchdog, the Kimberley Process (KP), unilaterally gave Zimbabwe the green light [...]
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