News archive for September, 2006

Consolidated Minerals stops work at nickel mine

September 23rd, 2006
Consolidated Minerals stops work at nickel mine

Consolidated Minerals Ltd. has stopped operations at its Kambalda nickel mines in Western Australia after a worker was crushed to death in a rock fall on Friday.
A spokesman said operations at the Beta Hunt mine and a neighbouring mine would be suspended probably till Tuesday while the death of the 43-year-old, experienced contractor in the [...]

Talley Metals Ups Nickel Surcharge

September 23rd, 2006
Talley Metals Ups Nickel Surcharge

Talley Metals, a subsidiary of Carpenter Technology Corp., said Friday it is changing its surcharge mechanism to increase the nickel premium component to 38 cents per pound, due to strong market demand for nickel-based stainless bar products.
The change in the surcharge will go into effect with shipments beginning Oct. 1.
Talley Metals sells stainless steel long [...]

Joy Global CEO: No End to Mining Boom in Sight

September 23rd, 2006
Joy Global CEO: No End to Mining Boom in Sight

Joy Global Inc., a maker of giant drills and shovels, said its mining customers could take a “significant” drop in the prices of coal, copper and other commodities without cutting back on their output, according to Chief Executive John Nils Hanson.
Underlining that optimism, the company said it’s boosting output of its high-priced shovels by 40 [...]

Ashton Mining of Canada Inc.: Sample from North Anomaly Dyke Returns 91 cpht

September 23rd, 2006
Ashton Mining of Canada Inc.: Sample from North Anomaly Dyke Returns 91 cpht

Robert T. Boyd, President and CEO of Ashton Mining of Canada Inc. , is pleased to report an estimated diamond content of 91 carats per hundred tonnes (”cpht”) for a 18.4 tonne sample collected from the North Anomaly kimberlite dyke on the Foxtrot property in north-central Quebec. Additionally, summer exploration drilling conducted by Ashton and [...]

Bush Offers to Shrink Alaska Oil Drilling Plan

September 23rd, 2006
Bush Offers to Shrink Alaska Oil Drilling Plan

The Bush administration, bowing to pressure from environmental groups, has offered to scale back a plan to expand oil and natural gas drilling on Alaska’s North Slope.
The U.S. Interior Department yesterday asked a court in Anchorage to allow the planned Sept. 27 sale of about 8 million acres in the National Petroleum Reserve to go [...]

N.C. still opposing offshore oil drilling

September 23rd, 2006
N.C. still opposing offshore oil drilling

The federal government in August released a second draft of a five-year plan that could allow oil and gas drilling off the coast of Virginia.
And for the second time the state of North Carolina will formally object to that plan, Mike Lopazanski, coastal and ocean policy analyst with the N.C. Division of Coastal Management, told [...]

Drilling industry unfazed by decline in energy prices

September 23rd, 2006
Drilling industry unfazed by decline in energy prices

Against a backdrop of tanking oil and natural gas prices, drilling contractors Friday struck a contrarian tone at an annual gathering here: business is almost too good.
The recent weakening in commodity prices has raised investor skittishness toward energy in some cases. But oil and gas drillers, gathered for the annual meeting of the International Association [...]

Progress on coal mine collusion

September 23rd, 2006
Progress on coal mine collusion

China’s move to stop collusion between local government officials and coal mine owners, a major cause of the country’s disturbing number of coal mining accidents, has achieved “new progress,” a senior supervisory official said on Friday.
To date, 5,357 officials either in government or in State-owned enterprises have reported investment in coal mines totalling 755 million [...]

Chile customers order more Usibelli coal

September 23rd, 2006
Chile customers order more Usibelli coal

Test shipments of Alaska coal from Healy to Chile have turned into an order. Usibelli Coal Mine says it shipped 73,000 metric tons of coal to Chile last month after two years of test shipments. Steve Denton is vice president of business development at Usibelli Coal.
He says three Chilean customers each had ordered at [...]

Coal company leader offers details of plan

September 23rd, 2006
Coal company leader offers details of plan

American Clean Coal Fuels would mine approximately 320-350 feet below the surface if it establishes a mine and coal-to-diesel plant in the Oakland area.
Company President Stephen Johnson said the coal would be mined from a seam that averages 4 1/2 feet in thickness within Illinois’ Herrin No. 6 seam
Dan Barkley, an engineer with the Illinois [...]