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Market: TSX, AIM
Sector: Gold Mining
Epic: MOE
News: Latest news
Web Site: Moto Goldmines
Other Articles: 23-07-200920-07-200903-04-2009

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Saturday March 13, 09:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Sunday March 14, 05:46China's growth boosting commodity prices

With chunky economic numbers from China boosting commodity prices we take a brief look at the country's position in different market places - while noting also that hopes for a recovery in global trade appear to be borne out by freight rates.

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Friday March 12, 08:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Moto Goldmines

Moto Goldmines

Moto Goldmines is a gold exploration and development company focused on the multi-million ounce Moto Gold Project in the Democratic Republic of the Congo where it is conducting a prefeasibility study.
Tuesday, March 17, 2009

Moto Goldmines finalises DRC project JV agreement

company news image

Moto Goldmines Ltd said it  finalised and signed the joint venture agreement with L'Office des Mines d'or de Kilo-Moto (Okimo) to establish the Borgakim Mining sprl venture, which will operate the Moto gold project in the north-east of the Democratic Republic of Congo.

Borgakim will change its name to Kibali Goldmines sprl , and Moto Goldmines will hold 70 percent of the joint venture, wiith Okimo holding the remainder.

Chairman Sam Jonah commented: “Together, Okimo and Moto have been able to establish an excellent working relationship and we look forward to working with our partner to establish substantial gold production in the area. The 2009 year has seen us reach three significant milestones, with the registration of the title for the whole project area; the announcement of the optimised feasibility study significantly enhancing the deliverability of the project and now the finalisation of the joint venture agreement.

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