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Rusoro sticking to bid, claims Gold Reserve uses "unfounded allegations"

Russian company Rusoro Mining (TSX-V: RML) will maintain its all-stock hostile takeover bid for Canadian firm Gold Reserve (TSX, Amex: GRZ) in an effort to take control of the Brisas gold-silver proje...

Chile
Michilla copper mine may shut down in 2009
The Luksic group has decided against extending the life of its 74%-owned Michilla copper mine in nor... more
Regional
GoldCorp pays first dividend of the year
Vancouver-based miner Goldcorp (TSX: G; NYSE: GG) reported it has approved its first dividend paymen... more
Colombia
Coal output reaches 55.2Mt in January-September 2008
Colombia's coal production reached 55.2Mt in the first nine months of 2008, a 7.49% improvement over... more
Brazil
Iron ore exports rise 55% in 2008
Brazilian iron ore exports rose 55% to US$16.5bn in 2008 from US$10.6bn the year before, the country... more
Peru
Ministry: Work on Callao port conveyor belt to start this year
Peru's transport and communications ministry (MTC) reported that it will accelerate the process of b... more
Mexico
Report: Foreign companies up 22% in 2008, projects by 34%
The number of foreign mining companies in Mexico increased by 22% in 2008 and the number of foreign-... more
Argentina, Chile
January Pascua Lama meeting could be the last
The January 15-16 meeting of Chilean and Argentine officials on Barrick Gold's Pascua Lama gold-silv... more
Bolivia
IN BRIEF Mining sector expands 69% in January-September 2008
According to Colombian mining portal IMC, mining was the fastest growing sector in the Bolivian econ... more
Chile
IN BRIEF Mining minister visiting northern Atacama region
Chile's mining minister Santiago González is visiting the northern region of Atacama or region III o... more
Regional
Kleemann to launch new mining equipment in 2009
Heavy equipment firm Kleemann, a Latin American subsidiary of Germany's Wirtgen group, plans to laun... more

Free Content

Gold Reserve rejects Rusoro's takeover bid
12-31-2008 -
Naricual told to do more studies before starting coal operations
12-30-2008 -
Rusoro to maintain bid for GRZ despite change to shareholder rights plan
12-29-2008 -
Sonami: 20% of small miners halted operations in October-November
12-24-2008 -
MEM: Copper output up 16.8%, gold rises 1.63% in November
12-23-2008 -

In Depth Interviews

Striving to be Venezuela's top miner

George Salamis
President
Rusoro Mining

In the midst of rapidly growing commercial ties between Venezuela and Russia, Canada-based Russian company Rusoro Mining has emerged as Russia's main ...more