The giant also said it wants "more exposure" in Canada.
GUYANA Mining News
The company is investing more than $120 million, which is a first in the history of the South American country.
Rusal's 90 percent owned Bauxite Company of Guyana produced 1.05 million tonnes of bauxite - the raw material used to make aluminium - last year.
The Canadian company is set to invest $120 million to conduct underground gold mining for the first time in Guyana’s history.
Troy Resources' Karouni mine is expected to produce up to 100,000 ounces of the precious metal a year.
90,000 ounces per year project will start as an open-pit mine.
Guyana Goldfields Inc. is a Canadian based company, focused on the exploration and development of gold deposits in Guyana, South America.
Of the 158 panel samples collected results ranged from trace to 15.3 g/t Au with an average of 0.51 g/t Au.
The Matthews Ridge manganese project is in Guyana, South America.
The company announced that as part of its long-term strategic plan, Mr. Gorden Glenn has been appointed as Chief Executive Officer of the company effective immediately.
Tajiri samples up to 2.66 g/t gold in soil at Kaburi, closes second and final tranche of private placement
Results are based geochemical soil samples taken from the company's Kaburi PL Gold property located in the Mazaruni District of the Republic Guyana, South America.
This expands the Company's land for exploration and mining purposes, by a multiple of almost 4 times to 28,646 acres in the same area.
Uranium exploration and production is on a fast track in Latin American, as investors begin to realize that a few small-cap companies are controlling deposits that could be worth billions of dollars.
Though it has long been a source of wealth for the country, gold exploration in Guyana has been on a tear over the last four years.
On August 10, 2012, the company issued a total of 10,866,000 Units at a price of $0.27 per unit, each unit consisting of one common share and one share purchase warrant.
The company took subscriptions amounting to $6.0m before costs and on completion will issue 17,142,857 shares at $0.35 per share, the closing price of the Company's shares on 31 July 2012.
Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said the President Donald Ramotar.
The survey provides results on 43,444 meters of drilling at the company's Matthews Ridge location in South America.
The Canadian mining company, currently in advanced exploration of its multi-million-ounce Toroparu project, announced that the Environmental Permit for the development has been issued by the Guyana Environmental Protection Agency
Mr. Scott A. Caldwell is the newest member appointed to the board of directors as Guyana Goldfield continues gold exploration in South America.
Guyana Goldfields vaulted 15.8% on Thursday, after raising just shy of $26 million from an institutional investor and its CEO, and announcing a revised feasibility study for its Aurora gold project in Guyana.
REE International, Inc. (PINKSHEETS: REEI) (the "Company"), a U.S.-based mineral exploration company focused on the exploration and production of rare earth elements, today announces the acquisition of a rare earth property in Port-e-Kiatuma, Guyana.
DENVER, COLORADO--(Marketwire - March 12, 2012) - SANDSPRING RESOURCES LTD. (TSX VENTURE:SSP) ("Sandspring" or the "Company") is pleased to announce the publication of an updated NI 43-101 technical report titled "TECHNICAL REPORT, UPDATED...
Guyana hopes to start exporting manganese ore for the first time in 50 years following the discovery of the mineral in the country's northwest, government officials said Saturday.