Baja Mining Corp. (TSX:BAJ)(OTCQX:BAJFF) reported working with a number of export credit agencies, banks and other financial institutions, including Export Development Canada, Korea Development Bank and Export-Import Bank of the United States, to arrange a project debt financing package for the construction of the Boleo Project.
Ecometals Limited (TSX VENTURE:EC)(BERLIN:GDQ)(FRANKFURT:GDQ) reported that the analytical results from the third drill hole RZDDH10-04 on the Rio Zarza gold project in Ecuador indicate geochemically anomalous but uneconomic levels of gold and associated elements.
A new Lithium-Ion battery that utilizes manganese may be the solution that is needed for renewable energy sources. The new battery, from Hitachi, is said to have double the output of regular Lithium batteries, with a life span of ten years. This may drive the future manganese market if use is widespread.
Ecometals Limited reported that it has agreed to a further extension to the closing of the SPA with Alca Gold Limited and its financial backers for their acquisition of Ecometals’ shares in Condormining Corporation S.A. and Condorview S.A. for US$9,000,000 to be satisfied in cash. Both parties have agreed their intention to extend the closing with cash payment on 23rd April, failing which Ecometals will terminate the Agreement.
Earthstone Metals Group reported successful business development in its operation in Africa. Since last December our local endeavor, “Earthstone Resources (Zambia) Ltd.” experienced vigorous progress in Zambia.
China Armco Metals, Inc. (NYSE Amex: CNAM), a distributor of imported metal ore and growing scrap metal recycler, today reported its financial outlook for its 2010 year ending December 31, 2010.