Signing of Mutoshi Joint Venture Amended Agreement and Update on Kinsevere Stage II

Anvil Mining Limited, announced that it had completed an agreement with La Générale des Carrières et des Mines (“Gécamines”) and the Government of the Democratic Republic of Congo (“DRC”) on the terms of its Mutoshi Joint Venture (“JV”) agreement. The Company is also pleased to announce that it has recommenced the engineering and design work for the Kinsevere... 

Tag: status of kinsevere ii construction, rusina mining, purchase of copper in lubumbashi, ace limited, mining industries in lubumbhasi

Anvil Mining Places Dikulushi Mine on Care and Maintenance

Anvil Mining Limited, reports that in view of the current low copper price, it has begun the process of suspending concentrate production, postponing underground development work and initiating a care and maintenance program at its Dikulushi mine (90%) in the Katanga Province of the Democratic Republic of Congo until the price of copper recovers. The Company estimates that this decision will deliver... 

Issues in the Twin Tiers: Gas drilling market reaches a new age

Natural gas drilling in the Southern Tier, once heavily weighted in favor of the drilling companies, is now shifting toward the landowners’ interests. Two factors are pushing the pendulum. One is a new policy, implemented in August 2005, which allows parties with land in a well unit to buy their way into the drilling of that particular well. The second is the decision by Chemung County to jump... 

Tag: energy companies southern tier ny, chemung county gas drilling companies, natural gas drilling big flats ny, hulett 1 gas well, natural gas fortuna in chemung county

Anvil Mining ups Kinsevere high grade copper/cobalt resource 400 percent

Anvil Mining’s Kinsevere-Nambulwa copper-cobalt deposits, 27 km north of Lubumbashi, the provincial capital of the Katanga Province of the DRC are, like so much of that region, looking very promising. The Measured and Indicated mineral resource has been increased by over 400% to 865,300 t of contained copper. AMCK, a joint venture company formed by Anvil and Mining Company of Katanga (MCK), has... 

Tag: kinsevere and nambulwa ore bodies, how high did mining have to be for cobalt, kinsevere minings, kinsevere project, anvil mining

Recent mining disasters prompt new federal, state safety laws

Leon Napier admits that sometimes he and his buddies cut corners while mining underground. Maybe a ventilation curtain wouldn’t stay up, maybe a coal-cutting machine was driven through a shortcut instead of on a safe pathway. Mostly, he says, the shortcuts were taken to speed up production. “To run coal the right way — the safe way — you won’t run as much coal,”... 

U.K. Stocks Climb, Led by BP; Rio Paces Rally in Mining Shares

U.K. stocks rose, led by BP Plc. Rio Tinto Group and BHP Billiton led a rally among mining companies. The FTSE 100 Index added 73, or 1.3 percent, to 5635.90 at 8:42 a.m. in London, trimming its weekly loss to 2.2 percent. The FTSE All-Share Index increased 40.54, or 1.4 percent, to 2865.78. Ireland’s ISEQ Overall Index climbed 1.3 percent to 7282.55, cutting its loss so far this week to 4.8...