Gold Fields Limited Improves Operational Performance Due to Stabilization of Power Supplies in South Africa

Gold Fields Limited just published a report saying that net earnings for the June 2008 quarter of R843 million, compared with earnings of R1,248 million and R528 million for the March 2008 and the June 2007 quarters respectively. In US dollar terms net earnings for the June 2008 quarter were US$105 million,... Read more..

South Africa; ‘Mined Out’

As it reported by the street.com wondering whether South Africa is mine out or not. it is also said that Diamonds aren’t forever. Just ask John J. Teeling, executive chairman of Dublin-based exploration company African Diamonds. During a panel discussion on mining and natural resources at the recent... Read more..

SearchGold Reports High Grade Gold on Arae-Gassel With Results of Up to 95.33 g/t Au in Burkina Faso

SearchGold Resources Inc. provide additional technical details on the 400 km2 Arae-Gassel Gold Property located in northern Burkina Faso, West Africa, where it has an option to acquire 100% interest from Somika SARL. Recent compilation has highlighted the Inata-Kerboule shear as a major regional structure... Read more..

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CityView Announces Diamond Processing Plants Supplier for Nhefo

CityView Corporation Limited announces that Canzar Resources Limited, the Operator of the Nhefo and Luachisse diamond concessions in Angola, has engaged International Progress & Design of South Africa to supply Dense Medium Separator (DMS) mobile plants for installation at Nhefo. The combined plants... Read more..

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Latest Drilling at Gaoua Confirms Historical Data and Uncovers New Mineralization

Volta Resources Inc. report more significant copper-gold intercepts from the last drill holes of its 2008 diamond and reverse circulation (”RC”) drilling program at Volta’s Gaoua copper-gold porphyry project in southern Burkina Faso, West Africa. The latest drilling significantly expands... Read more..

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IAMGOLD Options Merrex Gold’s Siribaya Gold Project in Mali and Confirms Equity Position in Merrex Gold

IAMGOLD Corporation has entered into a definitive Option Agreement to earn a 50% interest in the Siribaya Gold project in Mali, West Africa, which is 100% controlled by Merrex Gold Inc. . IAMGOLD can earn its interest by spending Cdn$10.5 million over four years. As part of the Agreement, IAMGOLD completed... Read more..

Merrex Increases Ownership of Siribaya to 100% and Closes $12,000,000 Option and Private Placement With IAMGOLD

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. announces that Merrex has closed its Private Placement and Option Agreement with IAMGOLD Corporation for 50% of Merrex’s Siribaya Gold Project in West Mali, Africa. “We are pleased to have increased our control of Siribaya to 100%... Read more..

Uranium Star Confirms 21 Kilometre Trend of Significant Vanadium Mineralization in Madagascar; Identifies Third Vanadium Trend in Northern Area

Uranium Star Corp. announce it has identified a 21 kilometre trend that hosts significant amounts of vanadium on its Three Horses Property in Madagascar. This north-south trend almost stretches the entire length of the Property. The Company has since verified the existence of a third vanadium trend located... Read more..

IAMGOLD and Orezone Announce Business Combination

IAMGOLD Corporation and Orezone Resources Inc. jointly announced that they have entered into a definitive arrangement agreement whereby IAMGOLD would acquire, via a plan of arrangement, all of the outstanding common shares of Orezone in a supported, all-share transaction. Total consideration is valued... Read more..

Great Basin Gold Acquires Mill, Updates Operations and Finances

Great Basin Gold Ltd. announces that it has signed an agreement with Metallic Ventures Gold Inc, whereby the Company will purchase the Esmeralda processing plant (”Mill”) in Nevada, inclusive of the Esmeralda mine and infrastructure for US$2 million. The Company’s decision to purchase... Read more..