Lake Victoria Mining Company, Inc. (OTC BB:LVCA.OB) is recruiting a new team with international business, geology and finance experience. Joining the board of directors is Ahmed A. Magoma and Heidi Kalenuik who has also been appointed and accepted as Secretary and Treasurer, effective immediately. Mr. Ahmed Magoma, (Tanzania) has a BSc in geology from the University of Dar es Salaam (1992) and 16... Read more..
Coeur d’Alene Mines Corporation announced that the U.S. Supreme Court has granted the State of Alaska and Coeur Alaska’s Petitions for a writ of certiorari to review a Ninth Circuit Court of Appeals decision relating to the Kensington 404 tailings permit. The announcement came after the State of Alaska and Coeur Alaska both filed Petitions for a writ of certiorari with the U.S. Supreme Court in... Read more..
Hecla Mining Company has approved a revision to its agreement with Rusoro Mining Ltd. (Rusoro) to extend the date to July 8, 2008, for closing the transaction to sell its subsidiaries engaged in mining and exploring for gold in Venezuela to Rusoro for $25 million. The sale agreement was previously announced on June 19, 2008, with a closing date originally targeted for today, June 27, 2008. The date... Read more..
The company that owns the Garnet mining district says rising gold prices have led it to consider reopening mining operations around the Garnet Ghost Town. Aaron Charlton runs the Grant Hartford Corporation. He says the company started exploratory surface testing and drilling for high-grade gold veins earlier this month. Charlton says he’s considering reopening the Lead King mine and other old... Read more..
Golden Star Resources Ltd. announced that the cost of power from the national grid in Ghana will be increased as a result of higher world oil prices. A decision of the Public Utilities Regulatory Committee (PURC) has been made public announcing an increase of power rates to high voltage customers, particularly mining companies and steel mills. While the details are still being negotiated, we expect... Read more..
Minera Andes Inc. is pleased to report that the final results from core holes drilled during the 2007-2008 exploration field season at the Los Azules porphyry copper project confirm that the copper target is open to the north. Several positive indicators including hole AZ-08-37A drilled at the northern limit of this seasons drilling, geologic mapping, and historic drilling indicate that the copper... Read more..
Lake Victoria Mining Company, Inc has appointed Dr. Roger Newell as president, chief executive officer and director of the company, effective immediately. His extensive experience both in the field and the boardroom are a tremendous asset as Lake Victoria Mining Company looks to expand and develop in the gold resource industry. Dr. Newell is renowned internationally for recognizing the potential of... Read more..
Shares of gold mining companies closed higher Friday as the price of the commodity gained in U.S. trading. Gold for August delivery rose 80 cents to $915.90 per ounce on the New York Mercantile Exchange. Here is how some gold miners fared. Goldcorp Inc. added $2.02, or 4.6 percent, to $46.36 Gold Fields Ltd. rose 62 cents, or 5.2 percent, to $12.54 Newmont Mining Corp. gained 50 cents to $52.68 Barrick... Read more..