Archive for February, 2007

BacTech Receives Results From Quinto Mining

February 22nd, 2007
BacTech Receives Results From Quinto Mining

BacTech Mining Corporation announced today that it has received, from Quinto Mining Corp. (”Quinto Mining”), recent sample results from a program conducted on the Godbout “B” uranium property (the “B” Property”) located near Baie-Comeau, Quebec. The “B” Property is one of two claim groups optioned by BacTech subject to a joint venture with Quinto Mining, [...]

Bill gives public input on mining

February 22nd, 2007
Bill gives public input on mining

INDIANAPOLIS - The plan to give the public input before the state allows strip-mining on wildlife areas or state parks sailed through the Indiana House on Wednesday.
House Bill 1322 passed 95-0, though Republican legislators posed several questions about it to the bill’s author, state Rep. Dave Crooks, D-Washington.
Crooks said the bill was inspired by the [...]

Azco Mining Becomes Current with SEC Financial Reporting; Company Eligible to Return to OTCBB

February 22nd, 2007
Azco Mining Becomes Current with SEC Financial Reporting; Company Eligible to Return to OTCBB

Azco Mining Inc., a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals recently filed a 10KSB and two 10QSBs, bringing the company current in its financial reporting. The company will seek to have its securities quoted on the Over-the-Counter-Bulletin- Board.
Dr. W. Pierce Carson, CEO of Azco Mining, said, “With the [...]

EU Rules Illegal EUR98.4 Million In Aid To Sardinia Mining Company

February 22nd, 2007
EU Rules Illegal EUR98.4 Million In Aid To Sardinia Mining Company

The European Commission Thursday ruled illegal EUR98.4 million of aid from the region of Sardinia to the mining company Nuova Mineraria Silius.
The company must pay back the money.
In its ruling, the Commission found that each year since 1997 the region of Sardinia has transferred public funds in order to cover the mine’s losses, keeping in [...]

Newmont Mining 4th-Quarter Profit Rises Sharply As Gold Prices Climb

February 22nd, 2007
Newmont Mining 4th-Quarter Profit Rises Sharply As Gold Prices Climb

Newmont Mining Corp., one of the world’s leading gold producers, on Thursday said sharply higher gold prices powered a more than threefold increase in fourth-quarter profit, even as sales volumes dipped.
The Denver-based miner said net income swelled to $223 million, or 49 cents per share, in the last three months of 2006 from $62 million, [...]

Timken Training Helps Rio Tinto Build Maintenance Skills at Wyoming Mine

February 22nd, 2007
Timken Training Helps Rio Tinto Build Maintenance Skills at Wyoming Mine

The Timken Company and Rio Tinto Energy America, a business unit of one of the world’s leading mining and exploration companies, have worked together to help achieve longer equipment life while reducing downtime and maintenance costs at the Cordero Rojo Mine near Gillette, Wyo. The improved performance is a result of Timken’s Bearing Maintenance Training [...]

Company says it can meet requirements for ID cobalt mine

February 22nd, 2007
Company says it can meet requirements for ID cobalt mine

BOISE, Idaho - A Canadian company that wants to mine cobalt in central Idaho says it can meet the requirements outlined in a draft environmental impact statement released earlier this week by the U.S. Forest Service.
But an environmental group is concerned that the statement contains no information on how much money the company would be [...]

State shuts down mine, citing danger from Talon explosives

February 22nd, 2007
State shuts down mine, citing danger from Talon explosives

State inspectors have closed a preparation plant and part of a strip mine after finding explosives residue associated with the disposal of old munitions from defense contractor Talon Manufacturing.
Magnum Coal’s Samples Mine cannot reopen those parts of its operation until company officials submit and receive approval of a cleanup plan.
The mine’s preparation plan and an [...]