Gold and copper explorer KEFI Minerals PLC declared that it has raised £450,000 before expenses through the placing of 36 million shares at 1.25 pence each to fund on-going strategic initiatives and further exploratory work on its highly prospective exploration areas in Turkey and Saudi Arabia where KEFI Minerals is operator of exploration joint ventures. [...]
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
Midway Gold Corp. made a public appearance that it has signed a definitive agreement with Barrick Gold Exploration Inc., for an exploration agreement and option to joint venture Midway’s Spring Valley gold project, Pershing County, Nevada. Alan Branham, President and CEO of Midway Gold Corp, said: This agreement represents a milestone in the development of [...]
Rio Tinto has notified that construction of its $US3 billion Oyu Tolgoi copper-gold joint venture with Ivanhoe Mines may go ahead at a slower pace than planned even if the Mongolian Government signs a long-awaited investment agreement within days. Tom Albanese, chief executive of Rio, said: I think we will assess the global economic conditions [...]
Get our independent commentary on gold trends and companies delivered to your inbox.
