ArcelorMittal Launches Voluntary Separation Programmes

ArcelorMittal is today meeting with its European Works Council to present voluntary separation programmes to be launched across the group. This is to help achieve the company’s stated aim of reducing SG&A (Selling, General and Administrative) expenditure by US$1 billion in response to the current... Read more..

European Goldfields Limited – Updated Mining Permit for Certej Project

European Goldfields Limited announce further progress of its Certej project in Romania. Technical Feasibility Study now approved and Mining Permit updated The National Agency for Mineral Resources (”NAMR”) has approved the Technical Feasibility Study for the project recognising the quality... Read more..

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World Gold Council Appoints Aram Shishmanian as Chief Executive Officer

World Gold Council (WGC) has announced the appointment of Aram Shishmanian as incoming Chief Executive Officer. Mr. Shishmanian will join WGC for a transitional period in mid-October, while current CEO, James E. Burton, will continue to lead the organisation until mid-December when he will leave to return... Read more..

Bruker AXS Microanalysis Announces European Launch of Ultra-fast EBSD System, Next-Generation 123 eV Resolution XFlash(R) Silicon Drift Detectors and Advanced Particle Analysis Software at EMC 2008

At the 14th European Microscopy Conference opening today, Bruker AXS Microanalysis announced the European launch of several new products and options for Scanning Electron Microscope (SEM) based materials analysis. The innovative new QUANTAX CrystAlignTM system for SEM-based crystallographic analysis... Read more..

Lake Victoria Mining Company, Inc.: Exploring for Gold in Tanzania-New International Board Appointed

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.... Read more..

Mexivada starts diamond mining at Kono, Sierra Leone; Larger diamond found at Lepandza, ROC Congo

Sierra Leone Projects: Mexivada Mining Corp. (MNV.V) has begun diamond mining near Koidu Town, in the heart of the famous, world class Kono mining district of Sierra Leone. Hundreds of millions of US Dollars worth of diamonds are produced from the district every year, including many fancy-colored stones.... 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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UC Hub Group, Inc. Acquires Mining Assets From Tri-Star Holdings, Inc.

UC Hub Group, Inc. announce the companies have executed a formal asset acquisition and assignment agreement whereby UC Hub Group, Inc. will acquire certain mining assets from Tri-Star Holdings for stock in UC Hub Group, Inc. These mining contracts and assets include those in Arizona referred to as COS... Read more..

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Alcoa and ORKLA ASA Agree to Exchange Equity Stakes

Alcoa announced it has agreed with ORKLA ASA to exchange their stakes in a Norwegian smelting partnership and a Swedish extrusion joint venture in order to focus on their respective areas of expertise and best practices. Alcoa will receive Orkla’s 50 percent stake in Elkem Aluminum ANS while Orkla... Read more..

Gold Jewelry Continues to Shine as Purse Strings Tighten

Gold jewelry is one of the top three most popular items for women’s discretionary spending in the U.S. according to World Gold Council’s (WGC) 2008 survey, What Women Want: Global Discretionary Spending Report, conducted by independent research firm, GfK, among 1,068 American women aged 16... Read more..