Barrick Gold sees lower production in 2008; expects higher costs due to rising energy prices

Barrick Gold Corp., the world’s largest gold producer has recently reported that the company expects 2008 gold production to fall at the lower end of its previously announced guidance, citing fluctuations in ore grades. For the year, Toronto-based Barrick estimated gold production would be closer... Read more..

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..

Future Advanced High-Strength Steels Expected to Reduce Mass by 35 Percent, Improve Vehicle Fuel Economy and Lower Emissions

To help vehicle manufacturers in their pursuit to improve fuel efficiency and reduce greenhouse gas emissions, the American Iron and Steel Institute (AISI) offered insight on the benefits of steel in a seminar on world class manufacturing today at the Management Briefing Seminars in Traverse City. In... Read more..

WorldAutoSteel Releases Preliminary Styling for Future Steel Vehicle

Future Steel Vehicle (FSV) Programme has produced early styling sketches based on the packaging studies initiated in the Phase I research, which are released today by WorldAutoSteel member companies. FSV’s technical team, which includes EDAG, Quantum Technologies, Inc., SFCV/Tongji and WorldAutoSteel... Read more..

NovaGold Second Quarter Financial Results and Projects Update

NovaGold Resources Inc. announced its financial and operating results for the three and six months ended May 31, 2008, along with an update on the Company’s project development activities. Details of the Company’s financial results are described in the unaudited consolidated financial statements... Read more..

Yale and Enviro Energy Start Work Program at Zacatecas

Yale Resources Ltd. announce that its partner Enviro Energy Capital Corp. has started its first phase work program on the Mina San Jose, Zacatecas and Salvador claims that form the Zacatecas Venture. Yale owns 65% of the Zacatecas Venture with IMPACT Silver Corp. owning the remaining 35%. Enviro has... Read more..

Tag: zacatecas and salvador project, enviro energy capital, enviro energy capital, zacatecas gold, zacatecas gold mining

Fronteer Announces Intention to Acquire Aurora Energy Resources Inc.

Fronteer Development Group Inc. announced that it intends to make an offer to acquire all of the outstanding common shares of Aurora Energy Resources Inc. that it does not already own. Pursuant to the Offer, Aurora shareholders will receive 0.825 of a Fronteer common share for each Common Share. The... 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..

Temex intersects high grade gold: 271 g/t gold extension of lower Hallnor vein systems confirmed

Temex Resources Corp. (TSX Venture:TME, Frankfurt:TQ1) (”Temex” or the “Company”) announces that initial drilling has intersected high grade gold mineralization from the deep drill program on the Whitney Township Property located within the 65 million ounce Timmins Gold Camp.... Read more..

Central Sun Mining Inc.: High Grade Gold Intersected at Orosi; New Resource Estimation in Progress for Limon & Orosi

Central Sun Mining Inc. provide the final results from its successful 2008 exploration program at the Limon and Orosi Mine areas and the Mestiza-La India project in Nicaragua. “The 2008 exploration program has been very successful; we have achieved our objectives of outlining new gold zones that... Read more..