vssmnn Posted February 4, 2008 Author Report Share Posted February 4, 2008 thx, needmorespace have found a definition in german lang too. Link to comment Share on other sites More sharing options...
vssmnn Posted February 5, 2008 Author Report Share Posted February 5, 2008 MINING FINANCE AND INVESTMENT MINING INDABA DRC plans quick conclusion to mining contract review The Democratic Republic of Congo has announced a "fast-track" solution to the mining contracts review with a brief and open appeal system, in response to the scale of problems found. Posted: Tuesday , 05 Feb 2008 The Government of Democratic Republic of Congo (DRC) announced today (Tuesday) a "fast track" solution to its review of all its mining contracts. Victor Kasongo, Vice Minister of Mines, outlined the plan at the Mining Indaba in Cape Town. At the heart of the new process will be a brief and open appeal process, to a specially constituted panel. Each company will be able to put its case for reclassification, with minimum conflict and minimum delay. Speaking at a Ministerial Panel, Mr. Kasongo told the Indaba: "We all need the mining contract system in the DRC to be legal. To be frank, what caught us by surprise when the Review Commission started to look at the contracts in detail, was the scale of the problem that we had inherited. "We had expected to be able to concentrate our efforts on rectification of a few contracts. We actually found that we had not a single contract that was properly constituted. What was meant to be a minor corrective has turned out to be multiple, major surgery." Mr. Kasongo then outlined the Government's plan to solve the problem. He said: "We have been working to find ways in which companies can appeal the process, without the delays, costs and confrontation inherent in litigation and international arbitration - and, at the same time, to fast track a renegotiation of the contract. "We intend to institute a brief and open administrative appeal process, to a specially constituted panel, through which a company can present its case for reclassification, while minimising confrontation and shortening any delay to renegotiation." Each company will be contacted in the near future. Mr. Kasongo said his job is to connect the expectations of shareholders with the needs of the people of DRC. He stressed the Government's wish to form with mining companies "partnerships for practical returns". For further information please contact: Roger Carroll/ Helen Tarbet James Doherty Bell Pottinger 0044 (0) 207 861 3232 0044 (0)7799 037 279/0027 (0) 7273 05948 Link to comment Share on other sites More sharing options...
vssmnn Posted February 6, 2008 Author Report Share Posted February 6, 2008 Link to comment Share on other sites More sharing options...
deeper Posted February 7, 2008 Report Share Posted February 7, 2008 http://www.kilogoldmines.com/ Link to comment Share on other sites More sharing options...
vssmnn Posted February 8, 2008 Author Report Share Posted February 8, 2008 Moto Gold Project: 47% Increase in Indicated Mineral Resources PERTH, WESTERN AUSTRALIA, Feb 08, 2008 (MARKET WIRE via COMTEX News Network) -- Moto Goldmines Limited ("Moto" or "the Company") (TSX: MGL)(AIM: MOE) is pleased to report a 47% increase in Indicated Mineral Resources at the Moto Gold Project (the "Project") in the Democratic Republic of Congo ("DRC"). The Project is a joint venture between Moto and L'Office des Mines d'Or de Kilo-Moto ("OKIMO"). The increase in Indicated Mineral Resources demonstrates the robustness of previous Mineral Resource estimates and further adds to the Project's fundamentals, long life and significant potential. The revised Mineral Resource estimate was independently undertaken by Cube Consulting Pty Ltd ("Cube") using additional drilling information acquired during the period February 2007 to December 2007. This data was not incorporated in the Mineral Resource estimates of the Project's recently completed Feasibility Study. Drilling activities during this period were largely in-fill and were focused on the definition of high grade lodes within the Karagba-Chauffeur-Durba ("KCD") mineralization system which have been identified as having significant potential for extraction by underground methods. Global Mineral Resources for the Project, above a 1.0 g/t Au reporting cut-off, are now estimated to be: Indicated Mineral Resources 95.3 Mt @ 3.4 g/t for 10.3 Moz Au Inferred Mineral Resources 96.5 Mt @ 3.6 g/t for 11.3 Moz Au The new estimate also demonstrated growth of the modeled extents of the Mineral Resource in both the upper and lower areas of the KCD mineralization system. Highlights of the estimate include: - an 87% increase in contained gold for KCD system's Indicated Mineral Resource; - a 49% tonnage increase in the Indicated Mineral Resource of the KCD system; - a 25% grade increase in the Indicated Mineral Resource of the KCD system; and - the continuation of very high conversion rates to Indicated Mineral Resources of material previously classified as an Inferred Mineral Resource. The additional drilling information has led to improved interpretation and understanding of two mineralized lodes of considerable spatial extent which lie beneath the planned KCD open pit as detailed in the Feasibility Study for the Project. Initial indications are that these lodes are amenable to extraction by underground mining methods and as such, Moto has commissioned further geological modeling of these two lodes using interpretation and estimation methodologies considered to be more appropriate to underground mining. Given the strength of these revised estimates, Moto, in conjunction with OKIMO, intends to accelerate the acquisition of information to further develop understanding of the controls and extent of the KCD mineralization system with a view to assessing the viability of incorporating a high grade, underground mine to the existing scope of the Project. Following the completion of the transaction which saw Moto acquire the interest in the Project of its joint venture partner, Societe d'Organisation, de Participation et de Management ("Orgaman"), Moto's attributable Indicated Mineral Resource base has increased by 71% from 4.2 Moz Au to 7.2 Moz. Link to comment Share on other sites More sharing options...
vssmnn Posted February 9, 2008 Author Report Share Posted February 9, 2008 DRC Ministry of Mines reaches important milestone in mining contracts review process Thursday , 07 Feb 2008 - All Companies Holding Contracts Under Review to Receive Summary of Commission Findings By Wednesday 20 February 2008 Following a series of public and individual meetings during the Mining Indaba in Cape Town, H.E. Victor Kasongo, Vice Minister of Mines for the Democratic Republic of Congo (DRC), is pleased to advise on behalf of the Ministry of Mines that all contract holders of those contracts under review will receive a summary of the Commission's findings as it pertains to their particular case in two weeks' time. At present, there are 60 contracts under review. These contracts are being reviewed for their performance under the following five categories: 1. Legal / judicial 2. Fiscal 3. Technical 4. Environmental 5. Social / welfare The Government is now in receipt of the Commission's report and Mr Kasongo reiterates that the Government and his Ministry seek an equitable dialogue with all stakeholders to reach the optimum way forward for all. He said, "The Government fully recognises the risks that many took when doing business in the DRC in the past, and while investing in the DRC is now an increasingly more stable prospect, we are sensitive to the new risks that present themselves at a global level, due to the volatility of the financial and capital markets. There is a range of investor types who have interests in mining contracts in the DRC, and they vary from the dedicated to the speculative. "This is about minerals and metals, not just about markets", he added. He went on to emphasise the DRC's goals of working with those parties who have demonstrated good faith and best practice in their investments in the DRC, and who have delivered on their commitments, while also continuing to demand that those whose interests have been speculative to be accountable and to deliver working plans in consultation with the Government. Mr Kasongo concluded, "The DRC is pleased with the positive reception of its plans as laid out at the Indaba. We are also keen to listen to the concerns of the financial markets. It is in the interests of the DRC and its investors that the elements of contracts that need to be adjusted are dealt with quickly and clearly". "We are very pleased with the nature of the discussions we have had with our investor base. Our task is to get these contracts through the process, and to ensure as result that the mining companies in the DRC combine high profits and shareholder value with absolute political and legal security". For further information please contact: Roger Carroll / Helen Tarbet James Doherty Bell Pottinger: +44 (0) 207 861 3232 +44 (0)7799 037 279 http://www.mineweb.com/mineweb/view/minewe...1&sn=Detail Link to comment Share on other sites More sharing options...
vssmnn Posted February 9, 2008 Author Report Share Posted February 9, 2008 The Gertler Steinmetz Bling Bang Torah Gang by keith harmon snow Page 1 of 11 page(s) ISRAEL AND THE ONGOING HOLOCAUST IN CONGO (part one) http://www.opednews.com/articles/genera_ke...er_steinmet.htm Link to comment Share on other sites More sharing options...
vssmnn Posted February 11, 2008 Author Report Share Posted February 11, 2008 Tiger - hopefull rebound in pending of a positive agreement because DRC reviewing process Link to comment Share on other sites More sharing options...
vssmnn Posted February 13, 2008 Author Report Share Posted February 13, 2008 :o Congo Says Investors to Spend $10 Billion on Iron-Ore Project By Franz Wild Feb. 13 (Bloomberg) -- Israeli and Indian investors will spend as much as $10 billion developing what the Democratic Republic of Congo says is Africa's biggest iron-ore project. The operation will take two to three years to start with initial iron-ore output of 15 million metric tons a year, Victor Kasongo, Congo's vice minister of mines, said today in a phone interview from the capital, Kinshasa. Annual production will eventually climb to 50 million tons, he added. ``This will be the biggest iron project in Africa and one of the top three in the world,'' Kasongo said. The iron ore will be transported 2,150 kilometers to Congo's Atlantic coast for export, he said. A steel mill will be part of the project, he added, declining to name the investors. Iron-ore prices by 9.5 percent in last year's annual contracts with steelmakers and may rise as much as 70 percent this year, Credit Suisse said Feb. 1. Kumba Iron Ore Ltd. operates Africa's biggest iron-ore mine at Sishen, which produced 28.7 million tons in 2006. Kumba is 63 percent owned by Anglo American Plc, the world's second-biggest mining company. Rio Tinto Group said on Feb. 5 that its Simandou iron-ore project in Guinea may eventually produce 170 million tons of the steel-making ingredient a year. Initial output from the west African nation will be about 70 million tons. To contact the reporter on this story: Franz Wild in Kinshasa via Johannesburg at dgriffiths1@bloomberg.net Link to comment Share on other sites More sharing options...
drbubb Posted February 14, 2008 Report Share Posted February 14, 2008 ELN has started a bounceback, it seems I added plenty below $0.60 Conrad, have you seen this CU stocks charts thread?: http://www.advfn.com/cmn/fbb/thread.php3?id=16443736 Link to comment Share on other sites More sharing options...
vssmnn Posted February 14, 2008 Author Report Share Posted February 14, 2008 Conrad, have you seen this CU stocks charts thread?:http://www.advfn.com/cmn/fbb/thread.php3?id=16443736 thx.. will take a look INTERVIEW-China eyes more investments in mineral-rich Congo http://uk.reuters.com/article/oilRpt/idUKL1343928920080213 "There is the MIBA (Congo diamond parastatal) or other mining companies or a deep water port, or the Grand Inga. All of these are things to carry out in the future," Zexian said." BTW: Miba => Mwana http://www.mwanaafrica.com BTW: Inga => Magindustries http://www.magindustries.com Link to comment Share on other sites More sharing options...
vssmnn Posted February 19, 2008 Author Report Share Posted February 19, 2008 Great Day for Moto Goldmines (I am invested too) http://www.bloomberg.com/apps/news?pid=206...mp;refer=africa Moto Goldmines Says Congo Rent May Rise After License Review By Brett Foley Feb. 19 (Bloomberg) -- Moto Goldmines Ltd., which explores for the precious metal in Africa, said rent paid on mining leases in the Democratic Republic of Congo may rise after a government review of mining licenses. The government requested that the lease rents paid by Moto ``are to be revised upwards,'' the Balcatta, Australia-based company said today in a statement distributed by the Regulatory News Service. To contact the reporter on this story: Brett Foley in London at bfoley8@bloomberg.net . Last Updated: February 19, 2008 05:23 EST Link to comment Share on other sites More sharing options...
vssmnn Posted February 20, 2008 Author Report Share Posted February 20, 2008 Haywood increases Price-Target for Moto Goldmines (TSX:MGL) from 3,85 CAD to 9,35 CAD http://www.haywood.com/pdffiles/GOLDFeb192008.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted February 20, 2008 Author Report Share Posted February 20, 2008 Next analysis for Moto Goldmines http://research-ca.bmocapitalmarkets.com/d...D8037F7582F.PDF Link to comment Share on other sites More sharing options...
vssmnn Posted February 22, 2008 Author Report Share Posted February 22, 2008 Tiger - very positive result of Reviewing 10:00 am DRC Government Review of Mining Contracts http://sa.iguana2.com/cache/5f2ffe748abf2c...-TGS-396565.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted February 26, 2008 Author Report Share Posted February 26, 2008 Haywood bullish for Moto Goldmines Target Price: 9,35 http://www.haywood.com/pdffiles/MGLFeb262008.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted February 27, 2008 Author Report Share Posted February 27, 2008 Hello @ all DRC / Mining friends, if you have some KMZ-Files for Google Earth from Mwana or your companie`s properties, please send to vssmnn@yahoo.de here the begin of my KMZ-database: http://www.dyor.de/google-earth-files/goog...th-files/3.html THX BTW: bought Elemental ASX.ELM minerals today in Frankfurt for cheap money, very low Market Cap around 2.4 Mio € Reviewing ok, a lot of Properties (34) !!!, Musefu is a historic Gold hill.. the only thing, they need, is Dynamite for a big blast :-))) Link to comment Share on other sites More sharing options...
vssmnn Posted March 4, 2008 Author Report Share Posted March 4, 2008 MaxTech to option Congolese prospect http://www.maxtechventures.com/home.html 2008-02-19 13:55 MT - News Release Mr. Thomas Tough reports MAXTECH VENTURES SIGNS OPTION AGREEMENT ON PROSPECT IN THE DEMOCRATIC REPUBLIC OF THE CONGO MaxTech Ventures Inc. has entered into a five-year option agreement to acquire up to a 100-per-cent interest in a 36-kilometre-square platinum, copper and tin prospect in the Democratic Republic of the Congo (DRC). MaxTech can earn a 70-per-cent interest in the project by completing a prefeasibility study on the property, can purchase an additional 5-per-cent interest for cash, and the remaining 25-per-cent interest in the project can be acquired for common shares in MaxTech, based on a valuation of the property and prevailing market price of the company's common stock at the time of the acquisition. The company has now commenced a 90-day due diligence period to evaluate information on the project. Upon successful completion of its due diligence, MaxTech will advance the optionor $100,000 (U.S.). This is an advance payment against acquiring a 5-per-cent interest in the property from the optionor, with the final purchase price to be determined based upon a valuation established in the future. Also upon successful completion of its due diligence, the company will engage independent consultants to prepare a technical report on the project to NI 43-101 standards. The mining department of the government of the DRC has extensive technical and geological data on the prospect, due to previous work completed in the area. To assist in the development of this report, the company has an agreement to acquire this information at a cost of $150,000. Going forward, MaxTech does not have specific exploration commitments, but will be responsible for costs relating to taking the project to the prefeasibility stage. A formal agreement will be undertaken by the parties after the company has completed its due diligence. This agreement is subject to regulatory approval. Link to comment Share on other sites More sharing options...
vssmnn Posted March 4, 2008 Author Report Share Posted March 4, 2008 Moto Goldmines Mining Congress Zambia Presentation very interesting details!!! http://www.motogoldmines.com/aurora/assets...uary%202008.pdf Link to comment Share on other sites More sharing options...
vssmnn Posted March 4, 2008 Author Report Share Posted March 4, 2008 This is real good...very good!!! Tiger Resources will become a absolute high grade and high output resource http://stocknessmonster.com/news-history?S=TGS&E=ASX Link to comment Share on other sites More sharing options...
vssmnn Posted March 14, 2008 Author Report Share Posted March 14, 2008 New in Congo Club http://www.kivuresources.com Link to comment Share on other sites More sharing options...
vssmnn Posted March 17, 2008 Author Report Share Posted March 17, 2008 UPDATE 2-D.R. Congo to publish mines contract report March 20 http://www.reuters.com/article/marketsNews...20080317?rpc=44 Moto Goldmines Announces "Bought Deal" Financing PERTH, WESTERN AUSTRALIA--(Marketwire - March 17, 2008) - Moto Goldmines Limited ("Moto") (TSX:MGL)(AIM:MOE) announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and GMP Securities L.P., and including Haywood Securities Inc., under which the underwriters have agreed to buy on a "bought deal" basis pursuant to a short form prospectus to be filed in all of the Provinces of Canada other than Quebec, 11,000,000 Common Shares (the "Common Shares"), at a price of C$4.35 per Common Share for gross proceeds of C$47,850,000. Moto has also granted the underwriters an over-allotment option exercisable in whole or in part at the sole discretion of the underwriters for 30 days from completion of the offering, to purchase up to an additional 1,650,000 Common Shares at the offering price of C$4.35, solely to cover over-allotments, if any, and for market stabilization purposes. The net proceeds of the offering are estimated to be C$45.3 million and will be used for further exploration and development of the Moto Gold Project, to repay a portion of the indebtedness owed by Moto to Societe d'Organisation, de Participation et de Management (Orgaman) and for general corporate purposes. The offering is expected to close on or about April 8, 2008 and is subject to Moto receiving all necessary regulatory approvals. Link to comment Share on other sites More sharing options...
vssmnn Posted March 17, 2008 Author Report Share Posted March 17, 2008 New in Congo Club http://www.dominionpetroleum.com Dominion Petroleum Announces Acquisition of New Exploration License in DR Congo Monday, March 17, 2008 http://www.oilvoice.com/n/Dominion_Petrole...o/a8483a51.aspx Dominion Petroleum announces that together with partners SOCO International plc (‘SOCO’) and State Oil Company Congolaise des Hydrocarbures (‘COHYDRO’), it has signed a Production Sharing Agreement (‘PSA’) with the Government of the Democratic Republic of Congo (‘DRC’). The new PSA gives the two companies exclusive rights to explore for petroleum in Block 5 in eastern DRC next to the border with Uganda. Dominion will operate the exploration activity and holds a 46.75% participating interest through its subsidiary Dominion Congo Limited. SOCO subsidiary SOCO Exploration and Production DRC SPRL holds a 38.25% participating interest and COHYDRO holds the remaining 15% participating interest. The PSA is subject to and becomes effective upon ratification by the President of DRC. Block 5 incorporates 7,105 km2 of land and lake areas. It lies to the west of and includes part of Lake Edward and adjoins Block 4B in Uganda where Dominion has carried out exploration activity as operator since July 2007 (100% working interest). Both Blocks are part of the Albertine Rift system of sedimentary basins where significant oil discoveries have been made in 2006 and 2007. The first phase of the PSA lasts for 5 years, during which Dominion and partners will carry out geological and geophysical work, acquire at least 300km of seismic data, and drill two exploration wells. The PSA is renewable for two further five-year terms. See here too: http://www.oilvoice.com/n/SOCO_Reports_Pre...o/5178023d.aspx Link to comment Share on other sites More sharing options...
vssmnn Posted March 21, 2008 Author Report Share Posted March 21, 2008 THE DRC REVIEWING REPORT KLICK Link to comment Share on other sites More sharing options...
vssmnn Posted March 24, 2008 Author Report Share Posted March 24, 2008 Majors Under Fire in DRC By Stephen Clayson 24 Mar 2008 at 03:06 PM GMT-04:00 http://www.resourceinvestor.com/pebble.asp?relid=41398 Majors only ? Link to comment Share on other sites More sharing options...
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