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Random News from Mining Top News

Copper Mountain Mining conclude MOU with Mitsubishi Materials Corporation to Develop Copper Mountain Project

Copper Mountain Mining Corporation announce that Mitsubishi Materials Corporation will join the Company in developing the Copper Mountain Project located near Princeton, BC. Effective September 30, 2008, the Company and MMC have signed a Memorandum of Understanding. Under the terms of the MOU, subject to several conditions, including approval of the board of directors of [...]

Tag: mitsubishi mining canada, mitsubishi materials bc, mitsubishi materials and huckleberry, mitsubishi copper mountain, mitsubishi materials corp acqui copper mountain mining corp copper mountain

Plateau Mineral Development, Inc. Announces a Farm-Out Agreement With Eastern Energy Resources

Plateau Mineral Development, Inc., along with its partner, Plateau Mineral Development LLC, is pleased to announce the signing of a farm-out agreement with Eastern Energy Resources of Sunbright, Tennessee.
This agreement, dated October 16, 2008, gives Eastern Energy Resources the right to drill new wells on three of PMD’s leases. These specific drill sites are within [...]

Tag: eastern energy resources inc

Yukon Gold Corporation, Inc. Announces Negotiation to Acquire Zinc Project in the Mayo Mining District, Yukon Territory

Yukon Gold Corporation, Inc. (Yukon Gold), (TSX: YK)(OTCBB: YGDC) announced today that it has entered into negotiations with a Yukon based prospector to acquire a 100% interest in the Andrew zinc property, located in the Mayo Mining District of the Yukon Territory, Canada. The Andrew property is made up of 148 contiguous quartz mineral claims [...]

ECP’s initial $30 million investment to help develop one of largest salt reserves in world

Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, today announced a U.S. $30 million initial investment in Salt Investment S.A. (SI). The company is a new Djibouti-based salt production and export company that will harvest, wash and export salt extracted from Lake Assal, the largest undeveloped salt [...]

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Saudi Aramco Acquires Shareholding in Japan’s Showa Shell

Saudi Aramco will acquire a 9.96% strategic shareholding in Showa Shell, a publicly traded Japanese refining and marketing company.
The transfer of shares is expected to be completed in August this year, subject to obtaining regulatory approvals.
Saudi Aramco has also agreed in principle to acquire an additional 4.99% of Showa Shell from the Royal Dutch/Shell GroupRoyal [...]

Copper Rises for a Second Day in London on Mine Supply Concern

Copper gained for a second day in London on concern that a labor dispute at a mine in Chile, the world’s largest producer of the metal used in pipes and wires, may disrupt supply.
A union at the Cerro Colorado copper mine in Chile voted yesterday to strike as part of wage negotiations with BHP Billiton [...]

Tag: copper mine disruptions, mine supply of copper

Stornoway Closes $22 Million Private Placement and Redeems Convertible Debentures

Stornoway Diamond Corporation is pleased to announced that it has closed a $22 million private placement (the “Private Placement”) comprising 24,444,444 common shares at a price of $0.90 per common share split equally between Agnico-Eagle Mines Limited (“Agnico-Eagle”) and Lorito Holdings Limited (“Lorito”), as previously announced on July 16, 2008. Agnico-Eagle and Lorito held, equally [...]

Alcoa Again Named One of the World’s Most Ethical Companies

Alcoa again has been named one of the World’s Most Ethical Companies by Ethisphere, a think-tank dedicated to the research and promotion of profitable best practices in global governance, business ethics, compliance and corporate responsibility. The recipients were announced during the Ethisphere and Forbes joint-conference, “Driving Profit through Ethical Leadership” held yesterday in New York. [...]

Atlas Update on Ecuador Mining Mandate

Atlas Minerals Inc.. The Company wishes to announce that Atlas Minerals continues to work and consult with the Ecuadorian government and industry peers in order to mitigate the impacts to the Company of the Mining Mandate passed by the Ecuadorian Constituent Assembly on April 18, 2008. These consultations have the specific goal of being able [...]

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Gazprom and Lukoil Make Caspian Find

Russia’s OAO Gazprom and OAO Lukoil say they discovered a sizable oil and gas field in the Caspian Sea — but just how big, they are not sure.
Dow Jones Newswires quotes an official as saying it could hold up to 730 million barrels of oil.
Gazprom and Lukoil signed a deal in 2003 to develop a [...]