Calyon CMR has made sizeable upgrades to its 2007 forecast prices for lead and nickel on expectations for continued high demand at a time inventories are slumping, it said.
The investment bank has hiked its price outlook on nickel by 12.3 pct to 34,250 usd per tonne and on lead by 26.4 pct to 1,580 usd, [...]
An Alabama mining company on Thursday denied having any relationship with right-wing death squads in Colombia and said it has no intention of settling a related U.S. lawsuit.
A federal judge in Alabama last month allowed a civil suit to go forward against Drummond Co. Inc. for allegedly paying a hit squad to kill three [...]
The owner of an illegal coal mine in northern China has been arrested for allegedly trying to cover up an accident that left at least 19 workers dead, state press reported Thursday.
Rescuers had found 19 bodies following a gas blast at the colliery in Shanxi province, China’s coal mining heartland, Xinhua news agency said, citing [...]
The federal Mine Safety and Health Administration said this week it has finalized a rule that increases fines for all safety violations.
“MSHA has structured the final rule so that higher penalties will induce operators to prevent and correct violations and be more proactive in their overall approach to miner safety and health, as well as [...]
LEXINGTON - A coal mine operator in eastern Kentucky who has been accused of failing to pay more than $1 million in federal fines has pleaded guilty to mail fraud.
Harold Simpson told companies that provided workers’ compensation insurance that he had only half as many employees as he really did, according to the charge. That [...]
Resources giant BHP Billiton Friday said it will invest 1.85 billion US dollars to expand capacity at its western Australian iron ore operations amid increasing demand from China.
ADVERTISEMENT
The investment will allow the company, the world’s largest diversified miner, to increase production to 155 million tonnes per annum from 2010.
The group has already completed two [...]
Corridor Resources Inc. reported that drilling operations have commenced at the P-76 well in the McCully natural gas field located near Sussex in southern New Brunswick. The well is the first to be drilled at McCully using the Nabors #86 (triple) drilling rig which was recently mobilized to the field from Alberta. The well [...]
Sierra Geothermal Power Corp. reported today that drilling has been completed at the company’s Reese River Project, Lander County, Nevada. Well 56-4 was successfully drilled to a total depth of 1200 m (3930 ft). Testing for geothermal reservoir characteristics has now begun with results pending. The drilling program was operated by Sierra Geothermal’s US [...]
