Posts by :

WireCo WorldGroup completes Drumet acquisition

WireCo WorldGroup Inc. (WireCo), the world’s leading producer and marketer of wire rope, electromechanical cable and a major producer of wire products announced today that it has completed the acquisition of Drumet Liny i Druty Sp.z o.o. (Drumet), based in Wloclawek, Poland. No terms were disclosed.

Aura confirms first uranium resource in Mauritania: 50 million pounds

Aura Energy Limited’s (ASX Code AEE, “Aura”) confidence in the greenfields Reguibat Project in Mauritania has been confirmed by the announcement of the first JORC-code compliant resource. The Inferred Resource of 50.2 million pounds at 330ppm U3O8 on the Reguibat Project was based on a cut-off grade of 100ppm U3O8 (Table 1). 48.9 million pounds of this resource are contained in permits 100% held by Aura.

Runge Ltd. MD Tony Kinnane passes away

It is with great sadness that we advise that our former Managing Director, Mr. Tony Kinnane, passed away Saturday night at his home in Brisbane. Tony joined Runge Limited in 1986 as Operations Manager and in 1991 was appointed Managing Director, a position he held for 20 years.

Gold hits new record as further US stimulus appears on the horizon

Gold futures added to record levels set earlier on Tuesday as Europe finance ministers consider allowing Greece to default on some of its debt, Italy's borrowing costs soar and US Federal Reserve minutes indicate the possibility of additional financial stimulus. Gold is considered a hedge against inflation and further quantitative easing could flood financial markets with cheap money as it did in the previous round – QE2 – when US monetary authorities injected some $600bn to drive down interest rates. Gold for August delivery on the New York Mercantile Exchange was trading at $1,568.40 an ounce in late trade after settling at a record $1,562.30 an ounce earlier.
Featured Post

RANKED: Top 10 gold mining companies of 2025

The million ounce club: These miners are making the most of record high gold prices.