Alhambra Announces its Submission For Further Extension of the Expiry Date of Alhambra Warrants Priced at $0.45 February 3, 2012Posted by Editor in Corporate News, Gold Economics, Gold Mining Kazakhstan, Investor elations.
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CALGARY, ALBERTA – Alhambra Resources Ltd. (TSX Venture: ALH) (“Alhambra” or the “Corporation”), an international gold explorer and producer, announces it has submitted a request for regulatory body approval to further extend the expiry date of certain share purchase warrants of the Corporation having an exercise price of $0.45 per common share (the “Warrants”). The Warrants were issued in August of 2009 as consideration for the extension of the maturity date of certain debentures issued by Alhambra (see News Release dated August 21, 2009) and were originally set to expire on August 11, 2011. The Corporation requested and received approval in August 2011 to extend the original expiry date to December 9, 2011, subject to earlier expiration in certain circumstance (see News Release dated August 4, 2011). Subsequently, the Corporation further requested and received approval in December 2011 to extend the original expiry date to February 8, 2012, subject to earlier expiration in certain circumstance (see News Release dated December 9, 2011).
The full press release can be found online at: http://www.alhambraresources.com/news/releases/nr_2012_02_01.shtml
Kazakhstan gold output to grow 2.3 times by 2014 April 27, 2011Posted by Editor in Gold Economics, Gold Mining Kazakhstan.
Tags: Gold, gold investing, gold mining, kazakhstan
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To better understand the opportunity that lies ahead for gold production in Kazakhstan, it’s useful to look at some recent figures the Kazakhstan Ministry of Industry & New Technologies recently released:
- Monetary equivalent of extracted production of the country’s mining industry for January-February 2011 reached KZT 1.5 trillion, 4.6% more compared to the same period in 2010.
- n 2010, the country exported goods of the metallurgical industry worth US$8 billion which is 39% more than in 2009.
- In addition, gold production increased threefold in 2010.
- By 2014 Kazakhstan plans to produce more than 70 tonnes of gold annually.
Tags: Gold, Mining, Mining Gold
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For those following recent political developments in Kazakhstan like we do here at Alhambra, it was great news to hear that Kazakhstan’s President reappointed the business-friendly prime minister, who played a key role in steering the country through the recent financial crisis.
The approval followed several hours after the inauguration of Nursultan Nazarbayez for the next five-year presidency, news that many market commentators say ensures political and economic security in Kazakhstan.
Commenting on the significance of the decision to re-appoint Karim Massimov, Kate Mallinson, a political risk analyst at GPW said in an article in the UK’s The Telegraph:
The bestowing of a fourth year on Massimov, in a country where prime ministers are replaced on a frequent basis, is a significant vote of confidence in this competent political player who has skilfully navigated Kazakhstan through the worst of the financial crisis.