Archive for April, 2008

Cheniere Announces Opening of Sabine Pass Terminal

April 21st, 2008
Cheniere Announces Opening of Sabine Pass Terminal

Cheniere Energy, Inc. today announced the opening of its Sabine Pass LNG receiving terminal and interconnecting Creole Trail Pipeline with an on-site ceremony in Cameron Parish, Louisiana.
“The opening of the Sabine Pass LNG terminal and pipeline represents a milestone event for the company,” said Charif Souki, chairman and CEO, Cheniere. “It is the culmination of [...]

Latin American mining ADRs fall as gold prices ease and dollar edges higher

April 19th, 2008
Latin American mining ADRs fall as gold prices ease and dollar edges higher

Shares of U.S.-traded mining companies based in Latin America fell on Friday as gold prices retreated and the dollar gained value against some currencies.
Gold for June delivery fell $27.70 to settle at $915.20 an ounce on the New York Mercantile Exchange after earlier plunging to a two-week low of $907.30.
Meanwhile, the dollar moved higher against [...]

Unavailability of iron ore from Chiria mines to hit SAIL’s expansion plans

April 19th, 2008
Unavailability of iron ore from Chiria mines to hit SAIL’s expansion plans

Unavailability of valuable iron ore from Jharkhand’s Chiria mines may seriously affect the long-term expansion plans of Steel Authority of India (SAIL). According to a top SAIL official, the very existence of the PSU will be at stake if it does not get iron ore from Chiria.
The official said that the present iron ore reserves [...]

Hard Creek Nickel Corporation: Northwest Power Line Preliminary Findings Released

April 19th, 2008
Hard Creek Nickel Corporation: Northwest Power Line Preliminary Findings Released

Hard Creek Nickel Corporation The Northwest Power Line Coalition released preliminary findings today of a study on the potential benefits of a power line along Highway 37 in northwest British Columbia.
According to preliminary findings provided by Macquarie North America, providing electric power along Highway 37 has the potential to achieve $3.5 billion in capital investments [...]

Pegasus Announces Additional Claims at Eden Nickel Project

April 19th, 2008
Pegasus Announces Additional Claims at Eden Nickel Project

Pegasus Metals announced that an additional four claims have been staked at the southern end of the Eden Nickel Project area, Ontario, Canada. The additional claims cover a south-trending extension of the quartz diorite Offset Dyke. The company also reported that it has completed preliminary soil auger sampling of two tailings deposits adjacent to the [...]

Whinnen Resources Acquires Option for African Bauxite Project

April 19th, 2008
Whinnen Resources Acquires Option for African Bauxite Project

Whinnen Resources Limited (Whinnen, the Company) (ASX: WWW.AX) is pleased to announce that it has entered into a conditional agreement to acquire 85% of the Fongo Tongo Bauxite Project in the Republic of Cameroon in Africa, for a total consideration of US$8 million.
Payment will comprise US$4 million cash and US$4 million in shares, and will [...]

Fox Resources Makes New Nickel Discovery at Bertram Prospect

April 19th, 2008
Fox Resources Makes New Nickel Discovery at Bertram Prospect

Fox Resources announced that RC drill hole 08BERC003 has intersected shallow, fresh massive nickel and copper sulphides at the Bertram Prospect, located 12km south of the Company’s Radio Hill nickel mine in WA. Preliminary analysis of the massive nickel sulphides by the Company’s Radio Hill laboratory has resulted in the best intersection of 2m @ [...]

Hawk Commences Helicopter-borne VTEM Survey Over the Cluff Lake Uranium Project, Northern Saskatchewan

April 19th, 2008
Hawk Commences Helicopter-borne VTEM Survey Over the Cluff Lake Uranium Project, Northern Saskatchewan

Hawk Uranium Inc. is pleased to announce that Geotech Ltd., of Aurora, Ontario has commenced a 2,000 km helicopter-borne Time Domain Electromagnetic Geophysical Survey with a VTEM system over Hawk’s wholly owned Cluff Lake Uranium Project in Northern Saskatchewan. Geotech Ltd. has advised Hawk that it expects to complete this survey by the end of [...]