The 2009 Festival of Thinkers

Walter Berukoff was one of the many honoured participants at the 2009 Festival of Thinkers in the United Arab Emirates. The third Festival of Thinkers brought together an array of Nobel laureates, well-known intellectuals and students from the UAE and neighboring countries to celebrate what Sheikh Nahayan Mabarak Al Nahayan calls “the power and importance of…

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He’s No Wally with £860K Gold Profit

It turns out that in the £9 million fundraiser announced by AIM-listed Vatukoula Gold Mines last week, its former owner, Canadian mining and leisure tycoon Wally Berukoff, made an overnight profit of £860,000 by exercising an option to buy back 200 million shares. When Canadian Zinc Corporation agreed to buy his 18% stake in Vatukoula…

Adios Fidel, Hello Tiger

Story in Golf Magazine featuring an interview with Walter Berukoff Fifty years ago Fidel Castro took power in Cuba. Two years later after losing a golf match to Che Guevara, the dictator bulldozed most of his country’s courses. Today, the island’s tiny, eternally optimistic golf community is hoping to be freed for its second act.…

Update On Fijian Properties

Red Lion Management Ltd – News Release VATAKOULA Red Lion Management Ltd. (“Red Lion”) announces that Viso Gero Global Inc. (“VGGI), a wholly owned subsidiary of Red Lion, has exercise its call option to purchase 200 million shares of Vatakoula Gold Mines (VGM) at a price of 1p per share. Consequently, Canadian Zinc Corporation (“Canadian…

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…