Archive for April, 2010

Baja Announces Boleo Debt Financing Progress

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.

Manganese in New Battery Technology

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: Update re Closing of Proposed Sale of Condor Gold Project

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.