Mindoro Signs gold assets sale agreement with Red Mountain Mining
Mindoro Resources has signed a binding Share Sale Agreement with Red Mountain Mining for the sale of Mindoro's Batangas and Tapian gold and copper-gold assets in the Philippines.
Mindoro Resources has signed a binding Share Sale Agreement with Red Mountain Mining for the sale of Mindoro's Batangas and Tapian gold and copper-gold assets in the Philippines.
Equity valuations have so far failed to keep pace with rising bullion prices, but that makes for some outstanding investor opportunities among a few particularly well-positioned juniors that Rick Mills identifies as running ahead of the herd this summer.
There is no end on sight to the mining boom in Australia, a country which mineral resources sector value is expected to reach $122.6 billion by 2016, growing at an annual average rate of 4.3%, reveals a study published Saturday.
Halifax-based Metals Economics Group (MEG) published Thursday its Pipeline Activity Index (PAI), which shows equity financing conditions continue to take their toll, as gold companies were able to raise only $445 million through equity placements in May-June—the lowest two-month total since late 2008.
The Vancouver-based gold junior's stock was worth a mere 7.5c when the first drill results from its Las Tres Palmas trend in the Dominican Republic was first released. By June 1 it had increased ten-fold. On Wednesday it gained another 22% after new drill results hinted just how rich the Romero discovery may eventually turn out to be.
Sunday Times reports (paywall) that BHP Billiton, which is shedding its non-core operations, is looking for a buyer for its Mount Nimba iron ore project in Guinea.
BHP Billiton (NYSE:BHP), the world's largest diversified miner, is considering a withdrawal from aluminum and nickel operations as part of a general retreat from non-profitable sides projects by key mining players, and the company has appointed advisors to look into the possible sale of these assets.
Space mining start-up Planetary Resources has announced that it has partnered with Virgin Galactic in the quest to explore asteroids for minerals.
Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening.
Vale, the world's second-largest mining company, sold its ferromanganese plants in Europe to Glencore International for $160 million, as it seeks to help finance core investments in iron ore, coal and nickel.