Strong Silver Demand Is Good News for Franklin Mining, Bolivia S.A.’s Joint Venture With COMIBOL

Franklin Mining, Inc. (Other OTC:FMNJ.PK). According to the recently published 2006 World Silver Survey, 2005’s silver fabrication demand — primarily surging industrial demand — rose to its highest level since 2001 while mine production rose only 3.42% and silver prices reach levels not seen since 1983. Despite an almost 9% decline in photographic demand and 4% decline from the manufacture... 

Mines Dig Deep for College

Barrick North America and Newmont Mining Corp., two titans in the worldwide gold mine industry, have teamed up to ensure northeastern Nevada’s No. 1 industry will have the skilled workers it needs to sustain itself for many years to come. And they aren’t alone, but more help is needed. The partnership was formally recognized Wednesday at Great Basin College where Brant Hinze of Newmont... 

Crusher Equipment Purchase Results in Lower Capital Costs for Asian Mineral Resources Limited

Asian Mineral Resources Limited (TSX VENTURE: ASN) announced today that its 70% owned joint venture company, Ban Phuc Nickel Mines Limited (“BPNM”) is purchasing a second-hand crushing circuit for its Ban Phuc Nickel Project (“Ban Phuc”) in Vietnam. The equipment being acquired is located in northern Vietnam and with minimum refurbishment will meet the technical requirements... 

Hy-Drive Technologies announces invitation to mining expo by MTI

Hy-Drive is pleased to announce their upcoming involvement in the 2006, 21st annual Elko Mining Expo, in Elko Nevada. This invitation stems from the very positive results generated by Mining Technologies Inc. (MTI) in its recent testing of Hy-Drive’s Hydrogen Generating System (HGS) units on certain mining equipment as contemplated in the previously announced Memorandum of Understanding between... 

Jaguar Mining Inc. increases Turmalina gold resources to 730,000 oz

Jaguar Mining Inc. (“Jaguar”) (JAG-TSX) recently completed Phase III of its drilling program at Turmalina and has increased its measured and indicated gold resources from 562,000 oz contained in 2,495,000 tonnes grading 7.0 g/t to 732,848 oz contained in 3,326,363 tonnes grading 6.85 g/t on the extensions of the Main and Northeast Zones. The deepest hole of the Phase III program reached... 

House sends measure to Bush to make coal mining safer

After a string of fatal accidents in West Virginia and Kentucky, Congress yesterday passed a bill to make coal mining less risky. In a 381-37 vote, the House endorsed a bill that would require mine operators to put more oxygen supplies underground and move rescue teams closer to mines. The bill previously won Senate backing and now goes to President Bush for his signature. In all, 33 coal miners have... 

Boone hosts mine rescue contest

Fitted with breathing equipment, gas detectors and mining helmets, dozens of coal miners gathered at the Boone County Civic Center in Madison on Thursday. Teams of a half dozen miners erected wood frames and hung plastic barriers on the wooden gym floor. When they reached certain rooms, labeled with white cards taped to the gym floor, they ”rescued” injured miners ”” and sometimes... 

Kennametal Completes J&L Sale

Kennametal Inc., a maker of metal-cutting tools and mining and construction equipment, said Thursday it completed the sale of J&L Industrial Supply to MSC Industrial Direct Co. Inc. for $349.5 million. Kennametal’s balance sheet will show a pretax gain of $215 million to $225 million in the second quarter. Earnings per share will be impacted by $3.15 to $3.25. Net cash proceeds are expected... 

Report expected to say coal plant closures may have to be put off past 2009

The operator of Ontario’s electricity system is expected to confirm Friday it has recommended the province shelve plans to close some of its coal-fired plants by 2009. The decision would reverse a key element in the provincial Liberal government’s 2003 election platform. The Dalton McGuinty government had already delayed its original deadline for coal-plant closures by two years. The Independent... 

Union Sues Feds Over Coal Mine Air Packs

The coal miners’ union is suing the government to ensure miners have working oxygen supplies and know how to use them. The suit by the United Mine Workers of America comes a day after Congress passed sweeping legislation overhauling mine safety rules. The union backed the legislation but said its lawsuit deals with separate concerns. UMW president Cecil Roberts said the union wants the Mine Safety...