William A. Petty, Chairman and President of Franklin Mining, Inc. announced that the company he represents signed a Letter of Intent with Epsur for future development of oil fields in the northern part of Argentina.
The company has yet to release any specifics about this Letter of Intent, so check in again at a latter time for more information.
Below is a paragraph taken from their website:
The Rights Plan is designed to ensure the fair treatment of shareholders in any take-over bid made for the Company’s common shares. The Rights Plan is intended to provide shareholders and the Board of Directors with adequate time to consider and evaluate any unsolicited take-over bid made for the Company’s common shares and, if appropriate, to seek out other alternatives to maximize shareholder value. The Board of Directors believes that the dominant effect of the Rights Plan will be to enhance shareholder value, ensure equal treatment of all shareholders in the context of an acquisition of control, and lessen the pressure upon a shareholder to tender to a bid.
In the midst of an unemployment crisis, the story below demonstrates how sometimes people take their beliefs to the extreme. In Tucson a community is divided between taking a chance for more jobs and fighting NIMBYs.
Despite the media bashing, mining and exploration companies say they consider China a terrific place in which to do business.
Author: Dorothy Kosich
Posted: Wednesday , 18 Jun 2008
SAN FRANCISCO -
In spite of negative stories by the New York Times and other east coast news media, mining company executives, investors and analysts Tuesday insisted that China is, indeed, a good place for miners and explorationists to do business.
In presentations to the Denver Gold Group’s Asia Pacific Gold Forum in San Francisco, a number of junior explorers/producers had high praise for Chinese officials in their willingness to accommodate and facilitate foreign mining investment and development in China.
At last, the Minister of Energy and Mines, Galo Chiriboga announced that the draft of the law will be released on June 27th. This draft will give a better picture of what lies ahead for mining companies already vested in Ecuador. Interestingly enough, most large-scale mining companies doing business in Ecuador do so thanks to foreign investors, mainly from U.S. and Canada, who put their money down based on Ecuador’s 1991 investor-friendly mining law.
The United States is a major contributor to the global mining industry. In this review of the USA’s mining industry, we, InfoMine, have compiled a great deal of information and resources pertaining to both the state of the industry and how it affects the country and its people. The many links lead to more detailed resources so that the viewer can find out more about a specific mine, commodity, regulatory body, or any other association within the mining sector in the USA.
