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Random News from Mining Top News

Russian uranium miner Priargun sees Q1 earnings plummet 71.4%

OJSC Priargun Mining and Chemicals Association, Russia’s biggest uranium mining enterprise, saw its net profit plummet 71.4% year-on-year in the first quarter of 2008 to 20.02 million rubles. Priargun, located in the Chita region, said in a financial statement that sales revenue rose 15.3% to 1.671 billion rubles and that costs rose more than 17% [...]

Bancroft Uranium Embraces Environmental Principals

Bancroft Uranium Inc. today wishes to advise the public as to the Company’s strong ongoing commitment to environmental principals, the health of its workers, the community and to the overall protection of the environment.
Bancroft believes that the production of emissions-free electricity via nuclear power generation is the only form of energy for the future that [...]

Buildings used for energy conservation demonstration

A northern New York community will become the first New York demonstration site for a new energy conservation project.
The town of Franklin joins six communities in four states as members of the Green Community Technologies learning project.
The Franklin Facilities Development Project will be used to evaluate the town’s buildings concerning energy conservation, in light of [...]

New Acquisition Fuels Growth Strategy at Brady

Brady plc, the leading global supplier of trading, risk management and settlement solutions to the metals and commodities sectors, has acquired Commodities Software (UK) Limited (Comsoft), a privately held company.
In the highly focused and specialised world of commodities Brady is the leader in metal trading solutions; Comsoft is a leading supplier of raw material solutions. [...]

China Coal to be listed in HK

China National Coal Group Corp. (China Coal), the country’s second largest coal producer, aims to be listed on the Hong Kong stock exchange in mid-November this year.
China Coal plans to raise 1 billion U.S. dollars through its initial public offering in Hong Kong, according to Friday’s Beijing News.
According to the corporation’s 11th Five-Year (2006-2010) development [...]

High Hopes Of Photovoltaic Electricity Price Cut

Ascent Solar Technologies says that the Ascent Solar alliance that has been collaborating for several months in response to President George W. Bush’s Solar America Initiative, plans to produce an entirely new series of ”plug and play” products for the nation’s commercial and residential building markets.
Using Ascent Solar’s thin film photovoltaic (PV) technology on plastics, [...]

Tag: photovoltaic mining

Oil and Gas Supplies Dropped Last Week

Crude-oil inventories fell last week for the fifth straight week, while gasoline stockpiles unexpectedly dropped.
For the week ended June 13, crude-oil inventories fell by 1.2 million barrels, or 0.4 percent, to 301 million barrels — 14.2 percent below year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
Analysts expected a larger draw [...]

Ivernia’s Wholly Owned Magellan Metals Welcomes Esperance Lead Export Approval

Magellan Metals welcomes a decision by the Western Australian Government which will allow the export of the Company’s 8,000 dry metric tonne lead carbonate concentrate stockpile at the Port of Esperance.
Magellan is working to a timeline which has now been agreed with the State Government and the Esperance Port Authority (EsPA) to implement the Lead [...]

Tag: ivernia mining

Bulgarian Minister Demands Revision of Canadian Company’s Gold-Mining Concession

Bulgaria’s environment minister said Wednesday that a 30-year gold mining concession deal with a Canadian company needed revision because it did not suit government interests.
“It is a question of national interests,” Dzhevdet Chakarov said. “The state must also benefit from the concessions.”
Canada’s Dundee Precious Metals Inc. through its Bulgarian subsidiary, Chelopech Mining EAD, acquired a [...]

Minera Chinalco Peru Selects Global Crossing as its Technology and Telecommunications Provider

Global Crossing, a leading global IP solutions provider, today announced that Minera Chinalco Peru, a subsidiary of the Aluminum Corporation of China (Chinalco) — a multinational polymetallic mining company — has acquired an extensive portfolio of technology and telecommunications solutions for the development of its copper megaproject Toromocho.
Minera Chinalco Peru is developing one of the [...]

Tag: minera chinalco toromocho project, megaproyect peru, minera chinalco peru, dante passalacqua peru