Selwyn Resources has mobilized the mining equipment and supplies integral to the Selwyn Project Joint Venture's proposed underground advanced exploration program.
Canadian gold miner White Tiger Gold Inc. has offered 0.40 of its share for each Century Mining share. The offer values Century at about C$1.82 a share -- more than three times the stock's Friday closing, according to Reuters:
White Tiger's operations are mainly in Russia, including the Savkino and the Nasedkino project, while Century Mining's primary asset is the Lamaque gold mine in Quebec.
The boards of both companies support the deal and White Tiger shareholders will own about 39 percent of the company.
India, ranked among the top five global players in production of several major minerals, is poised for rapid growth in its mining industry - about five percent of the GDP.
However, lack of skilled workers is set to hit the industry, creating a demand-supply gap of over 2,200 people by 2025, according to a study on mapping of human resources and skills for the mining industry in India by Confederation of Indian Industry (CII).
Russian firms produced 7.53 tonnes of gold in January, 12.4 percent more than in January of 2010, the Gold Industrialists' Union industry lobby said on Saturday.
The union expects gold production by Russia -- the world's No. 5 producer -- to rebound to 205-207 tonnes this year after it fell 1.4 percent last year to 201.3 tonnes.
Astur Gold, based in Vancouver, is exploring for gold in northern Spain. The company’s Salave property is located a few kilometres from the village of Tapia on the Spanish coast. The company has released its preliminary economic assessment. Astur Gold CEO Cary Pinkowski talks about the study:
The Associated Press reports that Kate Middleton’s ancestors worked in England’s coal pits: Her great-grandfather left coal country nearly a century ago […]
Fifteen holes have been drilled so far at Ormonde Mining's Tungsten project in Barruecopardo. The company released the final results of the infill drilling program on Wednesday.