Bowen Basin Coal Mines, Australia: Final Assembly of a Caterpillar 797F, Video and News

The Bowen Basin contains the largest coal reserve in Australia. This major coal producing region contains one of the world's largest deposits of bituminous coal.

Click the figure below to see the video and news.

Zoom at: Final Assembly of a Caterpillar 797F at Bowen Basin.

Century Mining (CMM.v): "Fully Funded" my ass

Righty-ho boys and girls, follow the bouncing ball as we review the 2010 news releases from Century Mining (CMM.v), the latest Peggy Witte BS scheme to benefit insiders and leave the pungent tangy aroma of KY Jelly amongst retail shareholders. 

We start with this NR dated January 4th 2010 that kicked off as follows:

Century Mining Fully Funded and Reopens Lamaque Gold Project 

BLAINE, WASHINGTON - (Marketwire - Jan. 4, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to report that the previously announced debt and equity financings totaling CDN$60.75 million have all been completed. These funds will provide the necessary capital for the continued exploration, development and reopening of the Company's Lamaque project in Val d'Or, Quebec, enable repayment of the Company's previous debt, and provide the Company with substantial working capital. Included in the funding is a US$33 million prepaid gold forward facility with Deutsche Bank AG. Simultaneously, Century has completed a CDN$17 million private placement yada yada continues here.

"Fully funded", eh? Now this humble corner of cyberspace understands something pretty specific about that two word phrase, but it doesn't seem to mean the same thing to the BS artists that run CMM.v. Here's a list of NRs since that Jan 4th special.

• On March 11th, CMM paid down $1m in debt, but not with the funds as mentioned above. Instead it added 3.57m shares to the S/O dilution pot (and 250k warrants to boot).
• On June 28th, CMM added two extra debt lines to the tune of $9m in order to buy plant and equipment... darnit Peggy, weren't you already fully funded for that kind of thing?
• On September 15th, CMM runs a $5m placement, adding 12.82m units (a share and a half warrant) at 39c to the share structure.
• On September 17th, CMM runs a $1.2m placement, adding 3.08m units (a share and a half warrant) at 39c to the share structure.
• On November 9th, CMM runs a $4m placement (combo PP and flow through) that adds 8.4m shares and 4.2m warrants to the share structure.
• On November 12th (i.e. today), CMM runs a $5m placement, adding another 12.82m units (a share and a half warrant) at 39c to the share structure, the same price as two months ago.

So since announcing that it was "fully funded", CMM has added $8m in debt to the balance sheets and 59.5m shares to its structure by way of financings. Beginning to notice a pattern yet? By the way, any resemblance to Metanor (MTO.v) is purely coincidental.

Century Mining (CMM.v): Just another legalized scam on which we call bullshit. DYODD, dude.

Mining Operation: Rio Tinto Interactive Mind Map and News

Interactive Mind Map based on Mining Operations of Rio Tinto website.

Graphic organizers are visual representations of knowledge, concepts or ideas.
Click the figure below to see the Interactive Mind Map.


See also:
Mining Operations: Rio Tinto

San Juan Gold Mine, Arequipa, Peru

Video
The gold of the area is said to be known by the Incas and some of the gold obtained by the Spanish conquistadors is said to have been mined by the Incas in the San Juan area.
Click the figure below to see the video.


See more:
San Juan Gold Mine, Peru

Century Mining (CMM.v) raises enough cash to start the Lamaque mine: I wonder how she did it?

News from Century Mining (CMM.v) this morning is that the company has managed to put together the $60.75m debt&equity package it needs to re-open the Lamaque mine. You gotta wonder where the Darling Miss Peggy W found the names to invest in the company.

Oh....hold on.... Maybe this is a clue! Why is she and her company wanted for questioning in Peru in connection with the Sánchez Parades family, the nation's biggest and most notorious cocaine smugglers? Here's a translation of part of the document:

The siblings Manuel, Santos Orlando, Fortunato Wilmer and Amanda Francisca Sánchez Paredes, as well as (ringleader) Orlando Sánchez Jr., have been included by the anti-narcotics authorities in an official list of the most important narcotrafficking suspects that operate in Peru.

Amongst the companies that are included in the investigation in Lima are the offshore Panamanian Andean Mining, Inversiones Mineras Sudamericana, Import & Export, the Canadian Century Mining Finance Corp. In Peru, among other companies are mentioned eñor de Los Milagros, Villa Azul, Ganadera y Minera San Simón, Aurífero Santa Rosa, Santa Patricia.

As well as the Sánchez Paredes brothers, others connected with the invetsigations are Miguel Sánchez Alayo, Marcelina Príncipe Zamudio, Blanca Sánchez, Diego Franco Montes, Paulo Gómez Huertas, Margaret Kent, Cristian Benítez Jara, Felipe Thorndike Valdez, Gregorio Vera Vega and Bernardo Gleiser, amongst others in a long "list that grows every day" according to police sources.

Wanted for questioning in Peru? Managed to get hands on a shitload of financing to start a gold mine in Canada? Are there facts by chance related? Inquiring minds etc.........