Ironworker Management Progressive Action Cooperative Trust Founders, Joseph Hunt and William Brown, Receive AISC Special Achievement Award

Ironworker Management Progressive Action Cooperative Trust (IMPACT) founders, Joseph J. Hunt and William Brown, will be honored on Thursday, September 11, 2008 at the American Institute of Steel Construction’s (AISC) annual meeting, in Colorado Springs, Colorado, for receiving the AISC Special... Read more..

NovaGold Announces US$60 Million Financing With Electrum Strategic Resources

NovaGold Resources Inc. announced that it has entered into a definitive agreement with Electrum Strategic Resources LLC providing for the sale to Electrum on a private placement basis of 46,153,847 Units for a purchase price of US$1.30 per Unit, for aggregate gross proceeds of US$60 million. Each Unit... Read more..

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Entrenched Gold Reserve Management Continues to Attempt to Disenfranchise Its Own Shareholders

Rusoro Mining Ltd. has learned by way of Gold Reserve Inc. press release issued on or after 4:00 pm Eastern time on December 24, 2008, that the board of directors of Gold Reserve has amended its shareholder rights plan (the “GRZ Plan”) without obtaining GRZ shareholder approval. The amendments... 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..

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..

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..

U.S. Silver Announces Management Changes and Reports a Strategic Review of Operations and a Reduction in the Workforce at the Galena Mine

U.S. Silver Corporation announce that Thomas Parker will become the Company’s interim Chief Executive Officer (”CEO”) effective immediately. Mr. Bruce Reid, the former CEO, will remain as a consultant to the Company. Mr. Reid was instrumental in the creation of U.S. Silver in 2006... Read more..

GBS Gold Executive Management Changes

GBS Gold International Inc. announces the following executive management changes. As part of the Company’s internal business review, the Australian executive team has been restructured. New appointments have been made in operations management, focusing on the mining and processing aspects of the... Read more..

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Golden Band Resources Arranges Non-Dilutive $3 Million Exploration Funding

Golden Band Resources Inc.announced that it has entered into an Option Agreement with Santoy Resources Ltd. (”Santoy”) whereby Santoy will expend $3,000,000 on several of the Company’s more-advanced projects in the La Ronge Gold Belt of northern Saskatchewan. The work, which will consist... Read more..

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Sterling Mining and Minco Silver Announce Proposed Business Combination

Sterling Mining Company and Minco Silver Corporation are pleased to announce that they have signed a letter of agreement whereby Minco Silver will acquire 100% of the issued and outstanding shares of Sterling (the “Transaction”). The transaction will result in Minco Silver controlling two... Read more..