Scarsdale Equities Reiterates “Buy” Rating On Lion One Metals

Scarsdale Equities reiterates “buy” rating of C$1.40 for Lion One and provides the following comment: “Lion One Metals Limited may significantly extend the expected mine life of its high-grade gold Tuvatu Gold Project in Fiji by securing an exploration tenement which would consolidate the entire Navilawa Caldera. We maintain our Buy rating”.   Read the…

Details

Analyst Trip – June 2016

Walter Berukoff and Stephen Mann host Mike Niehuser of Scarsdale Equities for a tour of the Tuvatu Gold Project in Fiji. Scarsdale Equities initiated research coverage on Lion One Metals with a “Buy” recommendation and price target of C$1.40 per share.

Read the report here | link

Magnate Praises Local Mining Act

by: Repeka Nasiko GLOBAL mining magnate Walter Berukoff, who is the owner of the Tuvatu Gold Mine project in Sabeto, believes Fiji has the potential to expand and grow its mining culture. He said the country’s Mining Act ensured the protection of the environment while encouraging business investments. “Many people are not aware of the…

Details

Canadian Mining Company Granted Gold Mine License In Fiji

Tuvatu Mine expects to produce $414 million in revenues, employ 200 By Repeka Nasiko SUVA, Fiji – A Canadian mining company that spent more than $100million [US$46 million] over the past nine years searching for gold deposits in the hills of Sabeto has been granted a mining lease. Tuvatu Gold Mine project manager Steven Mann…

Details

Landowners receive $700,000 for Tuvatu Gold Mine lease

by Watisoni Butabua The Mataqali Nacokula of Natawa village and the Mataqali Nabouwalu of Korobebe in Nadi have received $700,000 as a premium payment after a 21 year lease was granted to the Canadian company Lion One Metal Limited for the Tuvatu Gold Mine. Leader of the Mataqali Nacokula, Milika Sura who owns majority of…

Details

Lion One Looks To Make Tuvatu A High Grade Mine

Lion One Metals is now looking forward to becoming Fiji’s next high grade gold mining operation. This follows the Australian Stock Exchange company being granted a Special Mining Lease for the company’s Tuvatu Gold project by the Fijian Government. Tuvatu is in Sabeto, north of Nadi. Lion One chairman and chief executive, Walter Berukoff, said:…

Details

Green Light For Mine

by: Litia Mathewsell EMPLOYMENT opportunities are expected to significantly increase this year at Tuvatu Gold Mine where a license to mine has been approved by the Ministry of Lands and Mineral Resources. Mineral Resources director Malakai Finau confirmed the approval was issued on February 22, and they were working on other lease documents before the…

Details

Lion One Moves Permitting Forward in Fiji

Fiji’s Department of Environment has approved two key permits for Lion One Metals’ (TSXV: LIO; US-OTC: LOMLF; ASX: LLO) high-grade Tuvatu gold project, about 50 km south of Vatukoula, the country’s oldest operating mine. Green-lighting the project’s construction and operation environment management plans allows Lion One to develop a processing plant, build a mine underground…

Details

Gold Deal

by: Repeka Nasiko CANADIAN company, Lion One Metals Limited has secured a 21-year surface lease from the iTaukei Lands Trust Board to begin its Tuvatu Gold Project in Nadi. The announcement was made last week after a three-year discussion with landowners. “The agreement for the Tuvatu Surface Lease was reached after nearly three years and…

Details

Tuvatu Mining Licence Bid Soon

By Rachna Lal Canadian miners Lion One Limited are looking forward to applying for their mining licence for the planned Tuvatu Gold Mine in Sabeto Valley near Nadi Airport. Project manager, David Pals, confirmed this and said they expect to complete the Environmental Impact Assessment by late this month. “We will apply for a mining…

Details

Mine Work Near Start At Tuvatu

By Jyoti Pratibha Environmental impact assessment (EIA) public consultations for the planned Tuvatu Gold Mine, Nadi,will be held next week. Project Manager David Pals of Lion One Limited said the company was committed to developing the Tuvatu Project in the Sabeto Valley. The area was previously explored by Emperor Gold Mines, the former operators of…

Details

Lion One’s defining year in Fiji’s gold fields

While many juniors find current market conditions difficult to bear, Lion One Metals (LIO-V) is brimming with optimism and bracing itself for a bountiful year. Such bullishness can be attributed to the company’s enviable position amongst juniors: not only does it have a highly prospective project in the heart of elephant country, but it also…

Details

Mine To Open Soon

by Ioane Burese The government says the mining industry is on the roll following the opening of the bauxite mine in Bua with recent reports now revealing the Namosi copper mine to be opened next year, will bring in millions of dollars. An Information Ministry statement says the Mineral Resources Department is anticipating another find…

Details

An Outstanding Example Of Sustainable Architecture

Expert Says It Is A Fully Integrated Building That Is A Destination By Aya Lowe and Samia Badih Dubai: The Burj Khalifa is a good example of a sustainable high rise, according to Walter Berukoff, chairman of Red Lion Management, a Canadian private holding company. Berukoff made the statement at a discussion of architecture for…

Details

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…

Details

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…

Details

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.…

Details

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…

Details

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…

Details

Various News Articles Regarding Viso Gero and River Diamonds

River Diamonds denies it faces legal claim By John Harrington LONDON (SHARECAST) – Mining company River Diamonds has denied it faces any legal claims over a mine it bought in Fiji. Responding to a report in yesterday’s London Evening Standard, which claimed the company “faces some heat at its annual meeting from a Canadian entrepreneur…

Details

Red Lion Management Acquires Emperor Gold Mine In Fiji

Red Lion Management – Press Release Red Lion Management (“Red Lion” or “the Company”) reports that it has acquired control of Emperor Gold Mine in Fiji, and that the Company has secured capital to put the mine into production. Red Lion is a global merchant bank, based in Vancouver, Canada and headed by international mining…

Details

Various News Articles Relating To The Vatukoula Gold Mines

Vatukoula Gold Mine placing blocked Smaller companies by Robert Lindsay Vatukoula Gold Mines lost 0.06p to 0.66p after rebel shareholder Walter Berukoff, a Canadian mining tycoon, used his 18 per cent stake to block a proposal to allow the board to raise cash with a share placing. Mr Berukoff said: “I have no confidence the…

Details

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,…

Details

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…

Details

Acquisition of interest in the Emperor Gold Mine, Vatukoula, Fiji

River Diamonds – Press Release River Diamonds is pleased to announce that it has entered into an agreement to subscribe for 12.5% of the share capital of Viso Gero International Inc. (“VGI”) for a cash consideration of £2.5 million. VGI is a company incorporated in the British Virgin Islands and an indirect subsidiary of Red…

Details

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…

Details

Viva La Evolicion – Canadians Can Prosper in Post-Castro Cuba

excerpt from an article in Canadian Business Magazine. Walter Berukoff is president of Leisure Canada, a Vancouver based development company whose business plan hinges on tourists from an under-represented nationality. “right nowthere are about 40 million visits to Florida every year,” he says “imagine if Cuba got 10% of that. It’s a ferry ride from…

Details

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…

Details

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…

Details

Berukoff Quits Mining Business For Cuba Hotel Business

Leisure Canada plans huge resort development by David Jordan Vancouver entrepreneur Walter Berukoff has walked away from 14 years in the mining industry to devote himself full-time to developing a resort in Cuba. Berukoff resigned last week as president of both Miramar Mining and its 55 percent owned subsidiary Northern Orion Explorations. On March 9…

Details

Financier Resorts To The Spotlight

by Peter Kennedy Without attracting much attention, Vancouver financier Walter Berukoff has emerged as one of Cuba’s largest foreign investors by sinking about $60 million into mining and real estate projects on the Caribbean island. “Most people know very little about what I own and I’d rather keep it that way.” the 55 year old…

Details

Fidel Castro’s Canadian Friend

by John Schreiner Vancouver – When North Vancouver’s Walter Berukoff needs to converse with Fidel Castrom Cuba’s president, he relies on a language they share in common: Russian. “I get along in Cuba because I speak Russian,” says Mr. Berukoff, 53, the son of Doukhobors who settled in British Columbia after leaving Russia during the…

Details

Leisure Canada Signs Deal To Build 3 Resorts In Cuba

Project with French Meridien group expected to cost $200-million

by Peter Kennedy

Leisure Canada Inc, a Vancouver company headed by property developer Walter Berukoff, has signed a preliminary deal with the Meridien Hotels & Resorts group to build three five-star hotels in Cuba.

view the entire article | pdf

source: Globe and Mail

Cooling On Cuba

Maclean’s magazine did a story on Cuba and Walter Berukoff was mentioned. Many Canadians ,may detest it, but Helms-Burton is having an impact by Nomi Morris With hammer’s clamnging and drills whining, laborers at Havana’s Jose Marti airport are rushing to finish an airy new terminal building by the end of this month. Overseen by…

Details

Helping To Pull Off Fidel’s Miracle

Maclean’s magazine did a story on Cuba and Walter Berukoff was mentioned. by Peter C Newman According to Marcos Portal Leon’s business card, he is the Minister of Basic Industry in the Cuban Government of Fidel Castro. In fact, he is in charge of reviving the Cuban economy by establishing business ventures for foreign entrepreneurs.…

Details

Checking Into Cuba

Time magazine did a story on Cuba and Walter Berukoff was mentioned. After years of being locked out of the island, US hoteliers link up with those who have the keys by Bernard Baumohl For an officially embargoed “enemy” of the US, Cuba seems to be getting pretty popular with American tourists and businessman. There…

Details

Local Entrepreneur Defies US Pressure, Gears Up To Build Hotels On Forbidden Land

Helms-Burton has steered investors away from putting cash into Cuba but Vancouver’s Walter Berukoff says he’s done his homework by Derek McNaughton A Vancouver mining entrepreneur is about to dig up some more earth with construction of the first of 4,200 rooms over 11 hotels – on the forbidden island of Cuba. Running upstream to…

Details

The Cuban Factor

$400-million Canadian hotel joint-venture to add 4,200 rooms by 2006, McConnell Valdes already registering clients’ trademarks – just in case by Pedro Smith While Puerto Rico proudly boasts of the addition of 3,000 new hotel rooms in the past four years, Cuba is quietly working on the construction of 27,000 new rooms by the year…

Details

Canadian Firm Sees Gold Mine In Cuban Market

by Robert Selwitz Vancouver, British Columbia – A private Canadian company has formed a joint venture with Grand Caribe, one of Cuba’s state hotel companies, to build 11 new hotels over a 10-year period. The properties will represent about 4,200 guest rooms. Walter Berukoff, president and CEO of Vancouver-based Miramar Mining, is the man behind…

Details