Following media pressure in the UK and elsewhere, Anglo American has defended its investment in Zimbabwe. Anglo is to be commended on its position. Investment of this nature can be to the benefit of a great number of the country’s people, especially if that investment is controlled by a company like Anglo, a driver in […]

Rio Tinto today priced $2.5 billion of five-year, $1.75 billion of ten-year and $750 million of 20-year SEC registered securities. The bonds were issued by Rio Tinto Finance (USA), with payment of principal and interest fully guaranteed by Rio Tinto plc and Rio Tinto Ltd. Rio Tinto’s Chief Financial Officer Guy Elliott commented: “The success of […]

Gold Reserve reports that it was invited to a meeting held on June 18, 2008 with the Venezuelan Ministry of Environment (”MinAmb”), led by Vice Minister of Environmental Planning and Administration, Ing. Merly Garcia and assisted by legal advisor Dra. Lucy Vidal. Crystallex International also attended the meeting. According to Vice Minister Garcia, the objective of […]

Peter McNeil Managing Director of Frontier Resources says the company “is disappointed to announce that EL 1348 (containing the Kodu copper-goldmolybdenum deposit) has been officially refused renewal by the Minister of Mining for Papua New Guinea. No reasons were given. Security of licence tenure is fundamental to mining/exploration stability and this decision is a major blow […]

Queensland resources group Metallica Minerals has successfully raised A$1.5 million in seed capital for its MetroCoal subsidiary - paving the way for the potential float and ASX listing of a new Australian coal, associated fuels and energy focused company. The seed raising represents the first step in the establishment of the pure play coal and coal […]

HudBay Minerals and Skye Resources have entered into a definitive agreement to combine their respective businesses. Skye’s principal asset is the worldclass Fenix nickel project in Guatemala, which includes 41.4 Mt of reserves. The transaction will be structured as a Plan of Arrangement under the Business Corporations Act (British Columbia) between HudBay and Skye. Skye’s Fenix […]