Gold Found In The Highlands

IT is a gold rush as gold deposits have been discovered at Tuvatu in the Nausori highlands and overseas-based companies have been prospecting in the mineral rich hills for some time. The Canadian mining company which has shares in the Vatukoula Gold Mines, Canadian Zinc Corporation announced on its website that Tuvatu was a high-grade…

River Diamonds Buys Out Vatukoula Mine

UK-based River Diamonds has bought out the Vatukoula Gold Mine in Fiji. This is after River Diamonds completed a £29.6 million cash ($F69.4m) and share reverse takeover of Viso Gero International. Viso Gero owns Westech Gold, which in turn owns the Vatukoula Gold Mine in Fiji. In a move that began in July last year,…

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Newmont To Acquire Miramar Mining For C$6.25 Cash Per Share; Miramar Board To Unanimously Recommend Offer

Newmont Mining Corporation – Press Release DENVER, Colorado and Vancouver, British Columbia, October 9, 2007 – Newmont Mining Corporation (NYSE: NEM) and Miramar Mining Corporation (TSX: MAE, AMEX: MNG) announced today that they have entered into a definitive support agreement that provides for the acquisition by Newmont, with the unanimous support of the Miramar board…

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Yamana Announces Agreement With Northern Orion And Proposal To Meridian Gold To Create Pre-Eminent Mid-Tier Gold Producer

Yamana Gold Inc – News Release Toronto, Ontario, June 27, 2007 – YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:YAU) and Northern Orion Resources Inc. (TSX:NNO; AMEX:NTO) today announced that they have entered into a business combination agreement and a concurrent proposal has been made to Meridian Gold Inc. with respect to the combination of the three…

La Mancha and Areva NC Announce Gold Mining Transaction

La Mancha Resources – News Release Vancouver, Canada – La Mancha Resources Inc. (“La Mancha”) today announced that it has entered into a definitive agreement dated May 19, 2006, (the “Agreement”) with Compagnie Générale des Matières Nucléaires SA (“CFMM”), a wholly owned subsidiary of Areva NC, to create an international diversified gold company with gold…

Cuba Set For Tourist Invasion

Every few years, Fidel Castro announced to his 10 million citizens that, if they could just haul down enough sugar cane, they would finally pay off the Soviet oil bill.Patriotic citizen armies marched out into the sub-tropical humidity and scythed away hopelessly at the national debt. This dedicated workforce has been the engine of the…