Orvana Signs Term Sheet with Credit Suisse AG for US $50 Million Debt Financing Print E-mail
Wednesday, 28 July 2010 07:21
Orvana Minerals Corp. (“Orvana”) (TSX symbol: ORV) announced that it has signed a term sheet with Credit Suisse AG (“CS”) for a US $50 million five-year term corporate debt facility.

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Arch Coal Elects Two New Board Members Print E-mail
Wednesday, 28 July 2010 06:18

Arch Coal, Inc. (NYSE: ACI) today announced that J. Thomas Jones, CEO of West Virginia United Health System, and Peter I. Wold, president of Wold Oil Properties, have been elected to the company's board of directors. With today's additions, Arch Coal now has a 14-person board.

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Animas Resources Encounters Molybdenum System At El Tigre, Starts New Ni43-101 Report And Updates On Ariel Concessions Print E-mail
Wednesday, 28 July 2010 05:48
Animas Resources Ltd. (TSX.V:ANI) report significant progress in its field exploration program at El Tigre, Santa Gertrudis Mexico.

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Kinross agrees in principle to sell Diavik interests Print E-mail
Wednesday, 28 July 2010 05:06
Kinross Gold Corporation (TSX: K, NYSE: KGC) announced today that it has reached an agreement in principle with Harry Winston Diamond Corporation (TSX: HW; NYSE-HWD) ("Harry Winston"), pursuant to which Kinross will sell its 22.5% interest in the partnership holding Harry Winston's 40% interest in the Diavik Diamond Mines joint venture to Harry Winston for US$220 million, comprised of US$50 million cash, approximately 7.1 million Harry Winston common shares with a value of approximately US$100 million, and a note payable in the amount of US$70 million.

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Kinross sells Harry Winston shares Print E-mail
Wednesday, 28 July 2010 04:04
Kinross Gold Corporation (TSX: K, NYSE: KGC) announced that it has entered into an agreement with a group of financial institutions to sell its approximate 19.9% equity interest in Harry Winston Diamond Corporation (TSX-HW; NYSE-HWD) ("Harry Winston"), consisting of 15.2 million Harry Winston common shares, on an underwritten block trade basis.

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Questar Reports Second Quarter Income From Continuing Operations Of $28.7 Million Print E-mail
Wednesday, 28 July 2010 02:11

Company completes spin-off of QEP Resources Inc., affirms 2010 EPS guidance

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Eldorado Announces Initial Resource Estimate and Plans to Move Forward at TZ Project in Brazil Print E-mail
Wednesday, 28 July 2010 02:01
Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" the "Company" or "we") announced a National Instrument ("NI") 43-101 compliant resource estimate at its 100% owned Tocantinzinho Project ("TZ" or "Project") in the Tapajos District of Para State in northern Brazil and Eldorado's plans to develop the Project.

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Yukon-Nevada Gold Corp. Announces The Recommencement Of Exploration Drilling At Jerritt Canyon Under The Direction Of A New Chief Geologist Print E-mail
Wednesday, 28 July 2010 01:58
Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6 announced that as of July 12, 2010 it has recommenced underground exploration drilling at its gold producing Jerritt Canyon property located 50 miles from Elko, Nevada.

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Kodiak Exercises Hercules Option Print E-mail
Wednesday, 28 July 2010 00:57
Kodiak Exploration Limited (KXL.V) announce that it has fully exercised its option to acquire the Hercules property.

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Lake Shore Gold Confirms and Expands Mineralization in "G Zone" at Casa Berardi East Print E-mail
Wednesday, 28 July 2010 00:51
  • CE-10-30 intersects 11.54 gpt over 3.89 m and CE-10-32 intersects 4.75 gpt over 1.00 m and 3.10 gpt over 1.00 m near west edge of G Zone, extends mineralization 120 m down dip of previous drilling.
  • CE-10-29 intersects 40.20 gpt over 0.42 m, 8.41 gpt over 1.40 m, 6.74 gpt over 1.28 m and 5.81 gpt over 1.57 m, confirms continuity of mineralization near east limit of the G Zone.
  • Results suggest potential for shallow depth gold resource within 7 kilometers of Casa Berardi Mine and Mill Complex.

 Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") reported results from eight holes and 2,814 m of diamond drilling completed between mid-February and late March 2010 at the Company's Casa Berardi optioned property.

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Animas Resources Advances Exploration At Golden Arrow Gold Property, Nevada Print E-mail
Wednesday, 28 July 2010 00:51
Animas Resources Ltd. (TSX.V:ANI) is pleased to report significant progress in its field exploration program at the Golden Arrow project in Nevada.
  • Completed and filed an updated NI 43-101 Technical Report 
  • Completed a gradient array IP/resistivity survey. 
  • Completed a RIP survey covering the entire Golden Arrow property
  • Surveyed a single 1.8 kilometer line of dipole‐dipole IP, crossing the Hidden Hill and Gold Coin mineral centers
  • Secured water for drilling
  • Selected drilling contractors for core and reverse circulation drilling to start in  September

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Vena's Partner Trafigura Investing US$2.5 Million to Advance Azulcocha Zinc Mine to Production Print E-mail
Wednesday, 28 July 2010 00:39
Vena Resources Inc. (TSX: VEM)(LIMA: VEM)(FRANKFURT: V1R)(OTCBB: VNARF), a Company with strong partnerships with four of the world's largest mining companies, announced that it has enhanced its agreement with Trafigura Beheer B.V. ("Trafigura"), a privately-held international commodity trader, to invest immediately in the Azulcocha project with the goal to increase the known resources/reserves and complete all the engineering required for an up to 2,000 tpd operation including a new tailings deposit.

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Peabody Energy Approves Expansion of Highly Productive Wilpinjong Mine in Australia Print E-mail
Wednesday, 28 July 2010 00:18

Peabody Energy (NYSE: BTU) announced it has approved expansion of the Wilpinjong thermal coal mine in New South Wales, which is expected to increase production by 2 to 3 million tons annually beginning in 2012.

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Crowflight Announces Bridge Loan and Amends Private Placement Financing Print E-mail
Tuesday, 27 July 2010 23:46
CROWFLIGHT MINERALS INC. ("Crowflight" or the "Company") (TSX: CML) announces that it has amended the previously announced private placement financing (see press release of July 9, 2010) to a $5 million bridge loan from King Place Enterprises Limited ("King Place") with the potential for a further financing of $5 million to be arranged by King Place on a commercially reasonable efforts, private placement basis.

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UK COAL: Board and Governance Structure Changes Print E-mail
Tuesday, 27 July 2010 15:11
In recent years, UK COAL has developed two distinct principal businesses, coal mining from deep and surface mine sites, and property, creating value from our very large brownfield land estate.

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