Canadian Mining Journal reports: Almost four months have passed since Toronto-based Nunavut Iron Ore first proposed a takeover of Baffinland Iron Mines, owner of the Mary River iron ore project 160 km south of Mittimatalik (Pond Inlet). Nunavut Iron offered US$0.08 per share, an offer that had the Baffinland board saying "no thanks."
South African oil from coal pioneer, Sasol, is dropping plan for a Coal to liquids (CTL) project in Indonesia to concentrate on Gas to liquids opportunities.
In what it says was the culmination of 8 years of work, Adamus Resources announced it has poured its first gold bar at its Nzema gold project in Ghana.