Mining Services

Diamond Offshore Drilling, Inc. Reports All Rigs Maintained Station During Hurricane Ike

Diamond Offshore Drilling, Inc. reported that tracking devices indicate all of the Company’s rigs maintained station during Hurricane Ike, and 10 of 12 units most impacted by the storm appear to have suffered relatively little or no damage according to reports from start-up crews and visual air inspections. Of the remaining two, visual inspections... 

EQECAT Initial Post-Landfall Estimates Of Insured Onshore Losses From Hurricane Ike

EQECAT, Inc., the leading authority on extreme-risk modeling, Saturday morning said, based on current storm information provided by the National Oceanic and Atmospheric Administration (NOAA), initial post-landfall estimated insured onshore losses from Hurricane Ike could range from $8 billion to $18 billion, primarily in the Texas counties of Brazoria,... 

White Mountain Completes First Phase Drilling at Eli Prospect and Prepares for Pilot Plant Program at Las Carolinas

White Mountain Titanium Corporation reports that a first phase drill program at the Eli prospect, which commenced in the late spring, has now been completed. Eli, one of four rutile prospects which currently constitute the Cerro Blanco project, is situated approximately 3 kilometers southwest of the main Las Carolinas prospect. The drill program, which... 

Eastmain Resources Inc.: Visible Gold in Another 50 Veins At Eau Claire

Eastmain Resources Inc. announces an update on 2008 drilling at its wholly-owned Eau Claire Gold Deposit located in James Bay, Northern Quebec. Current drilling has intersected visible gold within 50 quartz-tourmaline veins in 23 of 29 drill holes (ER08-113 to ER08-141). These holes have intersected the main group of veins below the 2007 drilling. A... 

Synergy Resources Corporation and Brishlin Resources Announce Merger

On September 10, 2008 Brishlin Resources, Inc. acquired approximately 89% of the outstanding shares of Synergy Resources Corporation in exchange for 8,902,500 shares of its common stock and 1,042,500 Series A warrants. Following the acquisition of Synergy, Ed Holloway, William E. Scaff, Jr., Benjamin Barton and Rick Wilber were appointed to Brishlin’s... 

Olin Declares Force Majeure for Product Shipments from St. Gabriel, Louisiana

Olin Corporation announced that it has declared a force majeure for product shipments from its St. Gabriel, Louisiana facility until further notice. The force majeure was declared due to the continuing impacts of Hurricane Gustav. While the St. Gabriel plant suffered only minor damage as a result of the storm, it has only recently resumed limited operations... 

Chevron Mining agrees to sell Mountain Pass rare earth mining operations

Chevron Mining Inc. today announced that it has entered into an agreement to sell its Mountain Pass rare earth mining operations to Rare Earth Acquisitions LLC. The transaction is expected to close in late September, 2008. REA is a special purpose company owned by Resource Capital Funds, Pegasus Partners IV, LP, The Goldman Sachs Group, Inc., Traxys... 

Peregrine Discovers Third Kimberlite at Chidliak, Baffin Island

Peregrine Diamonds Ltd. is pleased to announce a third kimberlite discovery on the Chidliak property, Baffin Island, Nunavut, Canada. The kimberlite, designated CH-3, is represented by a collection of kimberlite cobbles and boulders discovered within the boundaries of a semi-circular geophysical anomaly. The CH-3 kimberlite is located approximately... 

Argentex Mining provides update on exploration activities in Argentina

Argentex Mining Corporation report on the positive progress made in advancing its flagship polymetallic Pinguino project and to provide a summary of its initial plans for the 2008-2009 exploration season. During this field season, Argentex completed the largest diamond drilling program in the history of its Pinguino project, testing 15 different mineralized... 

Two Weeks Until MINExpo INTERNATIONAL 2008 – The Worlds Largest Mining Exhibition

MINExpo INTERNATIONAL® 2008, the mining industry’s premier exhibition of equipment, technology and services, is only two weeks away and members of the media interested in covering the show are encouraged to register as soon as possible. Sponsored by the National Mining Association (NMA), the show is scheduled for Sept. 22-24 at the Las Vegas...