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Random News from Mining Top News

2007: A Year Full of Anticipation and Challenges

CNOOC Limited announced its business strategy and development plan for year 2007.
The total targeted net production of CNOOC Ltd. in 2007 is 162-170 million barrels of oil equivalent (BOE). The Company’s net production for 2006 is estimated to be 165-168 million BOE(with WTI at US$65.74/barrel).
During the year, five projects are expected to come [...]

Alix Acquires Two Claim Groups in Stewart BC Adjoining Canasia and in Vicinity of Decade Resources

ALIX RESOURCES CORP. announce it has entered into an agreement with Blair Naughty dated Sept. 23, 2009, whereby the vendor has granted Alix an option to acquire a 100-per-cent interest in seven claim blocks comprising a total of approximately 2800 hectares located in the Stewart mining camp. Six claims are in the vicinity of the [...]

Tag: pioneer drilling limestone county texas, mali mining, taurusmining

Canadian Mining Inherits Significant Infrastructure from Past Producer Penoles

Mr. Ray Paquette CEO is pleased to report the Company has acquired the October 1981 Geological Report written for Penoles on the El Gochico mine now optioned by Canadian Mining. This report has provided the Company with a wealth of historical data and has provided direction for the Company’s exploration program. Penoles is the second [...]

NTPC To Sign MoU For Coal Based Power Project In Sri Lanka

National Thermal Power Corp informed that the company will be signing a Memorandum of Agreement on December 29, 2006 with Government of Sri Lanka and Ceylon Electricity Board for development of a 2X250 MW coal based power project at Trincomalee in Sri Lanka.
The project would be developed through a joint venture company between the company [...]

Merrex Commences Diamond Drilling at West Voisey’s Bay Nickel Project; $2.2 Million in Expenditures Approved

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. (“Merrex”)(TSX VENTURE: MXI) announces that diamond drilling of Merrex’s West Voisey’s Bay Nickel Project in Labrador has commenced.
“The management committee of the West Voisey’s Bay Joint Venture has approved a program budget of approximately $2.2 million comprised primarily of diamond drilling and additional geophysics for [...]

Magnus International Resources Signs Earn-In Agreement on Ibanda Gold Exploration Property in Uganda

Magnus International Resources, Inc. is pleased to announce the signing of an Earn-In Agreement with Canmin-Gold Limited, a subsidiary of IBI Corporation, on the Ibanda gold exploration property located in southwest Uganda.
Under the terms of the Agreement, Magnus has the right to earn a 5% interest in the property for each $150,000 of expenditures that [...]

Fortescue signs iron deal

IRON ore developer Fortescue Metals Group has signed a $536.01 million deal with a New York group after breaking off talks with Noble Group.
Leucadia National Corporation has agreed to pay $402.01 million for a placement of 26.4 million Fortescue shares, or nearly 10 per cent of the miner.
It will also invest a further $134.0 [...]

Opponents of planned Minnesota copper mine worry about environment

A draft Environmental Impact Statement is due soon for a proposed industrial copper mine with the potential of hundreds of jobs and millions of dollars in economic growth for the Iron Range.
As PolyMet Co. prepares to ready the mine for opening over the next two years, opponents are talking about the potential acidic runoff that [...]

U2009 Global Uranium Symposium Announced

The U2009 Global Uranium Symposium will be held May 9-13, 2009 at the Keystone, Colorado Resort & Conference located in the scenic Rocky Mountains, a two-hour drive from Denver International Airport and near several other ski resorts, lakes and snowcapped mountains.
The symposium will bring together uranium industry professionals and students representing the beginning of the [...]

Tag: potash symposium, potash symposium topics

Conservationists decry energy development

A conservation group critical of Bush Administration energy policies predicts the number of oil and gas wells on public lands in five Western states will double over the next 20 years, according to a report released Wednesday.
The report by the Wilderness Society says under current policies about 118,000 new wells will be drilled on public [...]