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Market: TSX-V, AIM
Sector: General Mining
Epic: RAB
News: Latest news
Web Site: Rambler Metals & Mining
Other Articles: 01-09-201026-08-201010-08-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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Rambler Metals & Mining

Rambler Metals & Mining

Rambler Metals and Mining plc was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Rambler copper-gold property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada.

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Wednesday, March 18, 2009

Rambler Metals still aims to start Ming mine production in 2010

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Rambler Metals and Mining PLC said it is still aiming at bringing the Ming copper mine in Newfoundland into production in 2010. It is currently in talks with a number of third parties regarding project financing for the project.

While underground drilling and pre-development work was suspended in January to preserve cash, it is still conducting an underground engineering study covering mining operations for the first five years. The study is proceeding well and is on schedule to be completed by April 30 2009.

In its second quarter results and operations update, Rambler said net losses widened to £332,879 in the period to January 31 2009 from a 236,078 loss in the previous second quarter, because administration expenses increased £49,874 to £344,792.

Cash and cash equivalents at the end of the second quarter was £2.3 million and this figure had fallen to £1.9 million as at March 17 2009.  

President and chief executive George Ogilvie said: “We look forward to the completion of the underground Engineering Study in April 2009 which will demonstrate the long term economic viability of the Project.  We feel strongly about the Company’s future prospects in the coming year and we also look forward to resuming exploration activity, pre-production development and construction and bringing the Ming Mine into production in 2010.”

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