RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects. Paul Markham, RioZim operations director is quoted saying: “We would want to have a senior partner … who would build and operate the station, [...]
Malagasy Minerals Limited (ASX:MGY), ASX-listed exploration junior, has agreed to merge with unlisted Madagascar Resources (MRNL). The press release is quoted saying: “The merged group will also have an extensive, nickel, copper, PGE and vanadium exploration portfolio as well as existing rental income from commercial property assets and labradorite royalties from quarrying operations in Madagascar.” [...]
FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company has completed its merging agreeemnt with Canadian base-metals miners Quadra Mining. The friendly merging of these two mining companies is expected to produce 300-million pounds of copper and 150 000 ounces of platinum-group metals in 2010. Paul Blythe, CEO of Quadra is quoted saying: “The [...]
Mutiny Gold Limited: ASX:MYG, a diversified Australian resources company, has announced that it has signed an agreement with Mac Equity Partners Pty. Ltd. to secure the necessary funds to continue aggressive exploration activities at its two flagship Western Australian projects. The two projects are the White Well gold project in the Murchison and the Widgie [...]
FNX Mining Company Inc. (“FNX”), a Diversified Canadian Nickel Company and Quadra Mining Ltd. (QUA.TSX), a multi-asset copper and base metal producing company have agreed to merge where FNX share will be exchanged for 0,87 Quadra shares and $0,0001. The deal is set to close on May 21 after the two parties have sought the [...]
Fox Resources Ltd (FXR) is now discussing about the Radio Hill nickel/copper project, in Western Australia with China’s Jinchuan Group. The project is now on care and maintenance status. Fox chairperson Terry Streeter is quoted saying; “The company is buoyed by the fact that Jinchuan remains a key strategic alliance for Fox and intends to [...]
Hannans Reward Ltd (ASX: HNR) will restart its exploration of nickel sulphide at its Queen Victoria Rocks project. This project is 100% owned by the company, located at 30km west of Coolgardie in the Goldfields region of Western Australia. Hannans‚ Managing Director Damian Hicks is quoted saying; “Hannans has a suite of three excellent nickel [...]
World’s top nickel and palladium miner, Mining and Metallurgical Company Norilsk Nickel (MMC Norilsk Nickel) plans to sell some of its nickel laterite projects in Australia. It has also dismissed any value to be gained with debt-laden UC RUSAL (RUAL.PA). The company plans to reduce its dependence on nickel to 35 percent of revenue by [...]
Liberty Mines Inc will present an update on the diamond drill program completed at the Sothman nickel project in the fall of 2008. The intent was to confirm the mineralization that formed the basis of the non-NI 43-101 compliant historical mineral resource estimation of 350,000 tons grading 0.89% Ni or 190,000 tons at 1.24% Ni. [...]
Rusina Mining NL declared the heap leach trial at the Acoje nickel project in the Philippines is now mechanically complete, and 3,000 tonnes of laterite ore is in the process of being crushed for the pad. For full story, click here
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