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November 13th, 2008
Category
Gold, Mining Industry, Mining Investment, Trade & Market |
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ZNext Mining Industries, Inc. announces that ZNXPP will be the new symbol for ZNext Mining Preferred Stocks after the 1,000:1 Reverse Split.
This corporate action will take effect at the open of business 11/13/2008. The new symbol for the preferred stock on this date will be ZNXPP. And the new CUSIP # is 98975U 405 and the ISIN Number = 98975U 4058.
The common stock symbol and CUSIP Number will remain ZNXT.
In addition to the above corporate action, NASDAQ will announce a common stock dividend of 1 post-split preferred share for each 1,000 common shares held on today’s Dividends Daily List as follows:
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August 17th, 2008
Category
Drilling, Equipment, Exploration, Mining Contractor, Mining Technology |
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A team from the provincial mining regulatory board (PMRB) of Eastern Samar will visit the chromite-rich Homonhon Island this week to verify reports that an illegal mining operation is going on in the historic island.
Eastern Samar Gov. Ben Evardone said he would dispatch the PMRB team to the island to look into reports “that there are people or groups that are allegedly operating (in Homonhon) even if there is no permit.”
The Heritage Resources and Mining Corp. (HRMC) has been mining chromite on Homonhon Island in Guiuan, Eastern Samar for about 25 years, but its mining permit expired early 2008.
Evardone said that with the expiration of the mining permit of HRMC last March, the company would need to renew its permit and consult the people before it could resume its operations.
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July 31st, 2008
Category
Copper, Drilling, Exploration, Gold, Mining, Mining Contractor, Mining Investment, Mining Technology |
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Zijin Mining, China’s top listed gold producer, plans to invest 1 billion yuan ($146 million) in a gold mining project in Tajikistan and awaits approval for another in the Philippines, as it expands abroad to ride sky-high prices.
Zijin is also seeking new projects to mine silver and zinc in Tajikistan and is in talks to buy a gold mine in Africa. But the company said it is becoming more selective after adding 11 exploration licences and seven mining licences in the past year, amid concerns metal prices may start turning around soon.
The price of gold , which accounted for 64 percent of Zijin’s total sales in the first six months of this year, has risen by nearly $100 per troy ounce, or 12 percent from the beginning of the year, to $930.25 a troy ounce on Tuesday.
Zijin reported a 45 percent rise in first-half profits, to 1.74 billion yuan ($255 million).
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July 14th, 2008
Category
Drilling, Exploration, Mining, Mining Contractor, Mining Technology, Oil & Gas |
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Last week officials and members of Pamalakaya, an alliance of small fisherfolk organizations in the Philippines, made an appeal to Australian Prime Minister Kevin Rudd to convince the Australian offshore mining company NorAsia Energy Limited to back out of conducting oil and gas exploration in the Philippines.
Specifically, the areas to be covered by the oil and gas exploration are the Cebu-Bohol Strait, a narrow strait separating the island provinces of Bohol and Cebu, and part of Leyte province that sums up the Eastern Visayan basin over an area of 7,400 square kilometers. The block lies between the two sub-blocks of Service Contract 51 where NorAsia already has an 80 percent working interest.
Moreover, the ambitious offshore mining will cover some 445,000 hectares of marine waters covering the three island provinces in the East Visayan basin. This undertaking, the fisherfolk believe, will destroy their resources. They also see it as an assault on the Filipino people’s patrimony and sovereignty.
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