PMI Gold Corporation - Bridge loan extension/Board appointments
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Mining news: GOLDPMI Gold Corporation - Bridge loan extension/Board appointments << Severstal Resources acquires a controlling stake in High River Gold MOSCOW, Nov. 20 /CNW/ - ZAO Severstal Resources, the mining division of Teck Cominco suspends 2009 dividend, sells stake in Lobo-Marte property, reduces zinc production - Updatediversified mining company Teck Cominco Ltd. (TCK: News , TCK.A.TO, TCK.B.TO) announced its first step in debt reduction plan, which includes sale of interest in the Lobo-Marte gold property in Chile, a reduction in capital costs, reduction in zinc Gold Fields Announces Form 20-F Filing JOHANNESBURG, Nov. 20 /CNW/ - Gold Fields Limited (Gold Fields) (NYSE, Golden Harp intersects 1.45 g/t gold over 8.8 m, including 5.05 g/t gold over 1 m at Golden Sylvia; geophysical surveys identify new targets VANCOUVER, Nov. 20 /CNW/ - Golden Harp Resources Inc. (TSXV:GHR) today Aflease Gold “not in dire straits” - Neal FronemanAflease Gold merges with Australian BMA Gold to raise capital for the Modder East project that will make or break the company. However, it still has a damaged reputation to deal with. Neal Froneman heads Down UnderGOLD One - the new name for Aflease Gold once it merges with Australian junior BMA Gold - was deliberately chosen so investors would reflect on Uranium One, according to Aflease Gold CEO Neal Froneman. ‘We have put it flatly on the table because we Lack of funding decimates Zimbabwe gold sectorZimbabwe’s financial crisis deepens as gold production, an important export earner, declines to a trickle with gold miners owed big sums by Central Bank. U. S. deflation keeps gold in price rutAny hoped-for rally in gold prices has likely been put on hold by escalating deflation concerns tarnishing the precious metal’s value as an inflation hedge, experts say. The shocking 1% drop in the U. S. consumer price index yesterday provided the most Record dollar demand for gold from safe haven buying - WGCBuying up by 45% over the previous dollar record as ‘identifiable investment demand’ which includes ETFs, bars and coins, showing a 56% gain year-on-year. DRDGOLD shuts loss-making ERPM» JSE:DRDGOLD LIMITED: Posted: Thu, 20 Nov 2008 [miningmx.com] — DRDGOLD, a junior South African gold producer, is putting its ERPM underground mining operation into care and maintenance because of the high cost of R115m and the time it would take to Froneman’s “new” gold venture» JSE:AFLEASE GOLD LIMITED: Posted: Thu, 20 Nov 2008 [miningmx.com] — AFLEASE Gold, the development and exploration company headed by Neal Froneman, has struck a deal with Australia?s BMA Gold to create a new company called Gold One International, Aflease Gold and BMA Gold to form new international gold companySouth Africa’s Aflease Gold and Australia’s BMA Gold, are set to create a new mining company, forming, as the two companies said, an attractive international gold business with a new mine on the brink of production and a portfolio of growth prospects. The new company, to be known as Gold One International, will be listed on [...] GOLD FIELDS INCREASES 0.31% - REUTERS, BLOOMBERGSource: Business Report Posted: 20/11/2008 GOLD FIELDS increased 0.31% to R64 on the JSE. HARMONY GOLD ESCALATES 3.08% - REUTERS, BLOOMBERG Source: Business Report Posted: 20/11/2008 HARMONY GOLD escalated 3.08% to R67 on the bourse. LONMIN PLUNGES LONMIN PLUNGES 10.04% - REUTERS, BLOOMBERGGOLD FIELDS INCREASES 0.31% - REUTERS, BLOOMBERG Source: Business Report Posted: 20/11/2008 GOLD FIELDS increased 0.31% to R64 on the JSE. HARMONY GOLD ESCALATES 3.08% - REUTERS, BLOOMBERG Source: Business Report Posted: 20/11/2008 HARMONY GOLD escalated HARMONY GOLD ESCALATES 3.08% - REUTERS, BLOOMBERGGOLD FIELDS INCREASES 0.31% - REUTERS, BLOOMBERG Source: Business Report Posted: 20/11/2008 GOLD FIELDS increased 0.31% to R64 on the JSE. Source: Business Report Posted: 20/11/2008 HARMONY GOLD escalated 3.08% to R67 on the bourse. LONMIN PLUNGES 10.04% Haywood concerned on Crystallex’s increased Las Cristinas gold project risks“Increased risk associated with a project in an already risky situation” has prompted Haywood Securities to cut its target for Crystallex shares by 46%. Agnico Eagle’s cold gold is a hot storyAgnico-Eagle impresses with its new Kittila mine in Finland, reinforcing the status of Tier II gold miners as one of the “best performing” within the bombed out global resources arena. Tables included. Gold price steady while platinum gains on mine closures and J-M analysisPlatinum rose 3 percent before trimming gains while the gold price was steady, watching currency markets as dollar rose marginally and oil fell again to 22-month low. Capital raising success for Agnico Eagle to fund gold mines growthGold miner Agnico Eagle is to raise $252 million in private placement to enable it to fund its ongoing production growth |
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