Teck invests in Armenia explorer Fremont Gold
Teck has acquired a 6.89% ownership of the junior explorer.
SUGAR LAND, TX — (MARKET WIRE) — 09/16/11 — Researched by Industrial Info Resources (Sugar Land, Texas) — The international commodities boom, fueled by Asia’s growing economies, has caused a mining rush to Western Africa — a modern-day equivalent of the California gold rush of the 1800s. Many mining companies are looking to Western Africa, where there is still an abundance of undeveloped natural resources, such as gold, uranium, bauxite, iron ore and mineral sands, to obtain exploration and production contracts.
Mining companies including ArcelorMittal (NYSE:MT) (Luxembourg), Vale SA (NYSE:VALE) (Rio De Janeiro, Brazil), Rio Tinto plc (NYSE:RIO) (London, England) and Anglo American plc (PINK:AAUKY) (London) are investing more than $36.2 billion in the 53 active mining-related projects that Industrial Info is tracking in Western Africa.
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Source: Industrial Info Resources
