News Articles for Mark Papendieck

Chinese guarantee services company Ding Sheng Xin Finance has advised that WenFeng Tang will retire as executive director and chief operating officer.

Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.

AngloGold Ashanti has made a $6 million investment in Perth-based Orinoco Gold and plans to spend $US9.5 million ($A12.4 million) to farm-in on the company's gold tenements in Brazil.

Local explorers Hot Chili and Orinoco Gold have raised a combined $9 million from investors to fund ongoing work at their respective projects.

Local companies Triton Minerals, General Mining Corporation and Orinoco Gold have announced plans to raise a combined $24.6 million to fund ongoing work at their respective projects.

Orinoco Gold will make the transition from explorer to producer after receiving approval from its board to begin developing an underground mine at its Cascavel project in Brazil.

West Perth gold explorer Orinoco Gold is aiming to become a gold producer in 2015, after announcing a $14 million package to commence production at its Cascavel project.

Orinoco Gold shares plunged on the ASX today, despite the company saying it had identified a pathway to production at its 70 per cent-owned Cascavel gold mine in Brazil by inking a strategic allian

West Perth-based junior Orinoco Gold will tap shareholders for up to $4 million as it works to progress its exploration projects in Brazil.

Junior mining stocks Orinoco Gold and Peak Resources have bolstered their coffers with capital raising that will raise a total of $6.1 million.