Sunday, August 14, 2016

American Gold Bullion

October 30, 2009 by · Leave a Comment 

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

‘World’s oldest gold mine’ uncovered in Georgia

October 30, 2009 by · Leave a Comment 

Experts have claimed to have found the oldest gold mine in the world. Located 46 metres below ground level, the mine was first found by archaeologists near the Georgian capital of Tbilisi in 2005, China Central Television reports.The news feeds on this site are independently provided by Adfero Limited © and do not represent the [...]

Uranium Resources plans to buy out Tanzania JV partners

October 30, 2009 by · Leave a Comment 

Aim-listed uranium exploration company Uranium Resources plans to raise £1,6-million by December to fund a proposed A$2,9-million cash-and-share deal to acquire its Tanzanian uranium projects joint-venture partners. It would acquire the share capital of WML Uranium Holdings and Western Metals Tanzania, which were subsidiaries of the Indago Group, for A$2,5-million in cash and A$400 000 [...]

CoAL of Africa to buy NuCoal

October 29, 2009 by · Leave a Comment 

South Africa-focused coal-miner Coal of Africa Limited (CoAL) plans to raise £59,6-million to fund a proposed R650-million acquisition of NuCoal Mining, to accelerate capital expenditure (capex) at its Vele and Makhado projects, and to pursue other smaller acquisitions, it announced on Thursday. The ASX-, Aim- and JSE-listed coal-miner would place up to 59,8-million new ordinary [...]

SNR aims to start large-scale coal sales by mid-2010

October 29, 2009 by · Leave a Comment 

Strategic Natural Resources (SNR), which owned 74% of South Africa’s Elitheni Coal, had achieved its first revenues from coal sales and had made “significant progress” towards starting large-scale coal sales by the second half of 2010. SNR CEO Richard Latham on Thursday noted in a statement to shareholders that the Aim-listed company had continued to [...]

Kumba elbows ArcelorMittal out of Sishen South iron-ore project

October 28, 2009 by · Leave a Comment 

South Africa’s biggest iron-ore miner, the Anglo American-controlled Kumba Iron Ore, has managed to elbow steelmaker ArcelorMittal South Africa out of its claim to be part of the R8,5-million Sishen South project, which is going ahead at full steam in the Northern Cape. Kumba, headed by CEO Chris Griffith, announced on Wednesday that it had [...]

Kopane raises £3,3m for Lesotho diamond project

October 28, 2009 by · Leave a Comment 

Aim-listed diamond producer Kopane Diamond Developments plans to raise £3,3-million, after expenses, for working capital purposes related to its Liqhobong project, in Lesotho. The funds would be raised through a placing of 25,7-million new ordinary shares with institutional and other investors at £0,14 a share. Read more….

Avocet lifts quarterly gold output to 28 734 oz

October 28, 2009 by · Leave a Comment 

Aim-listed gold-miner Avocet Mining’s output increased to 28 734 oz in the September quarter, boosted by production from the Penjom mine, in Malaysia, and the North Lanut mine in Indonesia. The company’s gold output increased by 3%, when compared with the 27 756 oz produced in the same quarter last year. Read more….

Dollar Wobbles on Chinese Currency Diversification Concerns

October 27, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

Cluff commissions Côte d’Ivoire gold mine

October 27, 2009 by · Leave a Comment 

TSX- and Aim-listed Cluff Gold’s targeted yearly output would increase to 100 000 oz by the fourth quarter of the year, now that its 90%-owned Angovia mine, in Côte d’Ivoire, had been successfully commissioned. The company had commissioned its 60 000-oz/y Kalsaka gold mine, in Burkino Faso, only three months before. Read more….

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