Phosphate Mining

PotashCorp Reaches Tentative Labor Agreements with Unionized Employees at Cory, Allan and Patience Lake

Potash Corporation of Saskatchewan Inc. (PotashCorp) announce today that it has reached tentative labor agreements with approximately 500 unionized employees at its Allan, Cory and Patience Lake potash operations. These employees, represented by United Steelworkers’ (USW) Local 7689 at Allan, USW Local 7458 at Cory and USW Local 189 at Patience... 

Arianne Acquires the 50% Interest of Vantex Resources in the Black Dog and Penaroya-Brouillan Properties

The management of Arianne Resources Inc. announce the purchase of the 50 % interest owned by Vantex Resources Ltd., in the Black Dog and Penaroya-Brouillan properties. The initial 50 % interest purchase was announced on May 15 and August 26, 2006. Following today’s transaction, Arianne owns 100 % of these 2 properties. The terms of the deal specify... 

ICL Announces Record Share Repurchase Program

Israel Chemicals Ltd., a multinational fertilizer and specialty chemicals company, today announced that its Board of Directors has approved its intention to commence a stock repurchase program of up to five percent of its outstanding Ordinary Shares over a ten month period through June 30, 2009. The share purchase program, which could amount to NIS... 

Legend International Holdings Announces Revalidation Drilling Has Commenced on Its Queensland Phosphate Landholdings

Legend International Holdings, Inc. with phosphate projects in the State of Queensland, Australia, announces that drilling has commenced at the D-Tree project which forms part of its Queensland phosphate landholdings, and has substantial historically delineated phosphate projects. The drilling at D-Tree will be a mixture of reverse circulation and diamond... 

Spur Ventures Announces Granting of Extension to Complete Zhong Chuan Financing

Spur Ventures Inc. announced that Spur has agreed to grant Zhong Chuan International Mining Holding Company Limited an extension until September 26, 2008 to complete the financing announced in the Company’s April 14, 2008 press release. Zhong Chuan has asked for the additional time in order to deal with technical and procedural issues in China... 

Coal Mining Companies Turning to Gemcom Minex in Asia Pacific

Gemcom Software International Inc., the largest global supplier of specialised mining productivity solutions, today provided an update on growing Gemcom Minex(TM) sales momentum in Asia Pacific. Strong demand for the software is being fuelled by booming commodity demand and mining companies seeking improved tools for geology and mine planning. Minex... 

Vena Acquires 100% of Coal Company in Peru and Provides Development Plans for Peruvian Anthracite Coal Market

Vena Resources Inc.announces it has now acquired 100% of Sudamericana de Carbon (SDC), a Peruvian company focused on the exploration, development and mining of anthracite coal. As previously announced on February 26, 2008, Vena had entered into an agreement with SDC whereby Vena could earn a 70% interest in SDC by spending US$2.5 million in exploration... 

PotashCorp Announces Strike by Unionized Workers at Allan, Cory and Patience Lake

Potash Corporation of Saskatchewan Inc. (PotashCorp) announced that unionized employees at its Allan Division, Cory Division and Patience Lake Division potash operations commenced strike action, effective 5:30 p.m. (CST) today. The 487 striking employees are members of United Steelworkers’ (USW) Local 7689 at Allan, USW Local 7458 at Cory and... 

Lateegra Forms Joint Venture on Phosphate Project in East-Central British Columbia

Lateegra Gold Corp. continues to advance its portfolio of phosphate projects with the signing of a Letter of Understanding (“LOI”) to joint-venture its 100% owned Wapiti Property with Pacific Ridge Exploration Ltd. (“Pacific Ridge”). The property, first reported in a news release on June 10, 2008, is located south of Tumbler... 

Profit up of 19 persent by CSX on demand for coal

It is reported that as the trend continues its efforts to strengthen its operations and management team in such a hard way, freight railroad operator CSX Corp. said Tuesday its second-quarter earnings rose 19 percent on strong demand for coal, grain and metals. Besides, the company emphasizes its Full-year earnings prediction with a target of profit...