SNS Silver Corporation (TSX VENTURE:SNS) reported that the company has entered into a definitive agreement to which SNS has received the exclusive option to acquire 100 per cent of Northern Nickel Mining Inc.’s interest in the Emerald Lake Gold project consisting of 15 mining leases and 31 mining claims located in Afton and Scholes townships [...]
Read the full article: "SNS Silver acquires Northern Nickel Mining..."
Friday, November 27, 2009
West High Yield Resources Ltd. (TSX VENTURE:WHY) announces the release of the company’s financial results and the Management Discussion and Analysis for the three and nine months ended September 30, 2009. The press release is quoted as saying: West High Yield is a publicly traded junior mining exploration company focused on the acquisition, exploration and [...]
Read the full article: "West High Yield announces Third Quarter..."
Thursday, November 26, 2009
VMS Ventures Inc. (TSX VENTURE:VMS) announced that the company has been invited to present in the first ever AGORACOM Online Gold & Commodities Conference on December 3rd and 4th, 2009. The press release is quoted as saying: VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc properties in the Flin Flon-Snow Lake [...]
Read the full article: "VMS Ventures to Present at AGORACOM..."
Thursday, November 26, 2009
Asian Mineral Resources Limited (TSX VENTURE:ASN) reported today that the company intends to complete a non-brokered private placement of up to 59 million units, with each unit consisting of one common share and one whole warrant to purchase a common share at $0.15 for 12 months from its issue date. The press release is quoted [...]
Read the full article: "Asian Mineral intends to complete private..."
Wednesday, November 25, 2009
Jilin Jien Nickel Industry Co., Ltd. , Goldbrook Ventures Inc.(TSX VENTURE:GBK), Jien Canada Mining Ltd. and Jien International Investment Ltd. reported that a total of 77,359,626 common shares of Canadian Royalties Inc. (TSX: CZZ) and $99,911,000 principal amount of debentures of Canadian Royalties have been validly tendered and taken up as of November 24, 2009 [...]
Read the full article: "Jien Canada acquires shares and debantures"
Wednesday, November 25, 2009
On Wednesday, Minara Resources Ltd (MRE.AX), Australian nickel miner, is reported to submit a joint bid with a Chinese firm for BHP Billiton’s (BHP.AX) Ravensthorpe nickel operation. The news release is quoted as saying: The offer for the idled facility in west Australia will be well below $500 million, the source said, the bottom end [...]
Read the full article: "Minara & China group to submit joint bid"
Tuesday, November 24, 2009
PolyMet Mining Corp. (TSX:POM)(NYSE Amex:PLM) reported today that the company has closed the first US$10 million installment of its previously announced US$25 million equity financing with Glencore A.G. The press release is quoted as saying: PolyMet Mining Corp. (www.polymetmining.com) is a publicly-traded mine development company that controls 100% of the NorthMet copper-nickel-precious metals ore body [...]
Read the full article: "PolyMet Mining Closes Financing-Project"
Tuesday, November 24, 2009
Continental Nickel Limited (TSX VENTURE:CNI) today announced first results of the twenty-two hole 2009 drill program at the Nachingwea Project in Tanzania. The news release is quoted as saying: Continental Nickel Limited is focused on the exploration and discovery of nickel sulphide deposits in geologically prospective, but under-explored regions globally. Current projects include its 70% [...]
Read the full article: "Continental Nickel update on Nachingwea..."
Monday, November 23, 2009
Philippines government has suspended a mining permit given last month to the $2.4 billion nickel project of Norwegian firm Intex Resources ASA (ITXX.OL). This was following the opposition from local communities. The news release is quoted as saying: About two dozen people, including members of a tribal community, priests, local officials and some residents began [...]
Read the full article: "Philippines government freezes Intex’s..."
Monday, November 23, 2009
BHP Billiton (BHP.AX) is reported to sell its Ravensthorpe nickel mine in Australia. The news release is quoted as saying: A sale could yield BHP $850 million-$1 billion, according to several banking sources with knowledge of the sale process, while others put the figure at no more than $500 million. Click here to access the [...]
Read the full article: "BHP Billiton to sell Ravensthorpe nickel mine"
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Friday, November 27, 2009