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Random News from Mining Top News

Settlement of litigation with Century Mining

Sulliden Exploration Inc. announces that it has settled the legal actions commenced in Canada in June 2007 against Century Mining Corporation, Algamarca and others.
Century has withdrawn from its involvement with the Shahuindo property in Peru and abandoned all of its claims to the Shahuindo property. Sulliden’s legal actions and Century’s motion challenging jurisdiction have both [...]

Titan Resources International Completes Preliminary Work on “Norgold” Property; Report Pending

Titan Resources International Inc. reports that the initial work program on the companies “Norgold” property, near Dryden, Ontario, Canada has been completed.
Several lines of geophysics were carried out, along with continual prospecting and reconnaissance of the known historical information.
The company will provide an update to the shareholders with the results and recommendations for the next [...]

Excel Coal “neutral”

Analysts at UBS maintain their “neutral” rating on Excel Coal Limited (ticker: EXL). The target price is set to $8.60.
In a research note published yesterday, the analysts mention that the company has posted its NPAT for FY06 at $98.1 million, representing a 56% y/y increase. Excel Coal’s bottom-line performance was, however, in-line with its guidance, [...]

Escala Joint-Venture Capital Equipment Plan Ahead of Schedule

Franklin Mining, Inc. Chairman and CEO William Petty has confirmed that the company’s Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala’s stockpiled [...]

Frontier Oil Elects Leo Hoonakker Vice President Treasurer

Frontier Oil Corporation announce that Leo J. Hoonakker was promoted to the position of Vice President – Treasurer. He will report to the Vice President – Corporate Finance.
Hoonakker has worked for Frontier and its predecessor companies for over 20 years and as Treasurer of Frontier Oil Corporation since 2005. Prior to joining Frontier, Hoonakker was [...]

Tag: vice president of finance and treasurer oil

Boliden Cuts Zinc Production

Due to decline in demand Boliden is reducing the Groups production of zinc metal at its Finnish and Norwegian smelters. The effect is a reduction by 60,000 tonnes of zinc metal on an annual basis and a temporary lay off of some 50 co-workers. The measures will be effective immediately.
In 2007 the Boliden Group produced [...]

Tag: semprametal

Horsehead Corporation Announces Plans to Reduce Zinc Production

Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., announced that it will reduce operations at its zinc smelter in Monaca, PA, by idling one of its six furnaces at the facility in an effort to improve profitability.
“The steep decline in the price of zinc on the London Metal Exchange over the [...]

Anadarko Petroleum Sells Two Wyoming Oil Fields

Anadarko Petroleum Corp. announced Wednesday the sale of its oil field interests in the Elk Basin and Gooseberry area, primarily located in Park County, Wyo., to Encore Acquisition Co., an oil and gas producer, for $400 million.
The sale also includes the Elk Basin Gas Plant and the Clear Fork Pipeline Co., an oil and natural [...]

Tag: elk basin oil field, elk basin gas plant

Alberta Star Samples 0.69% Uranium and 30.9 g/ton Silver at the Mag Hill Target Area at Contact Lake, NT

Alberta Star Development Corp. is pleased to report the results of the Company’s summer 2006 surface exploration sampling program at the Mag Hill target area. The Mag Hill target area is located at the southern end of Echo Bay, approximately 15 kilometers from the Eldorado uranium mine and 3 kilometers east of the Contact [...]

Olin Forecasts Lower 1st-Quarter Results

Olin Corp., which makes copper alloys, ammunition, chlorine and caustic soda, warned Tuesday its first-quarter profit would drop sharply, hurt by softness in its chlor alkali and metals businesses.
The company projects quarterly earnings of 25 cents per share, compared with the 47 cents per share earned a year earlier.
Olin said it expects chlor alkali shipment [...]