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Random News from Mining Top News

Wajax Receives Competition Bureau Approval and Completes Purchase of Weir Process Equipment Business

Wajax Income Fund announced that it has received approval from the Competition Bureau to proceed with its previously announced agreement to acquire the assets of Weir Process Equipment, a division of Weir Canada Inc. for $25.4 million, subject to post-closing adjustments. The transaction closed today.
Wajax is a diversified income fund that has three core [...]

Newmont to divest Indonesia mine stake

Newmont Mining Corp., the world’s second-largest gold miner, plans to divest a further 7 percent stake in its Batu Hijau copper-gold mine in Indonesia and offered the shares to the government for about $325 million.
“We’ve made the offer, based on a value of $4.65 billion for the mine,” Newmont spokesman Rubi Purnomo said in Jakarta [...]

Miners vow on clean coal

Under political pressure over climate change, the coal industry has vowed to raise at least $1 billion to develop technology to curb greenhouse gases.
The announcement increases by $700 million the funds producers have committed to clean coal technology.
Both the federal government and Labor have put much store in the technology as a way of reducing [...]

Dallas venture chooses Peru for ethanol site

The domain of snakes, scorpions and scrub brush since time immemorial, a stretch of desert in northwest Peru could soon become an unlikely generator of jobs and economic well-being, thanks to the booming U.S. market for ethanol.
At a ceremony this month, energy firm Maple Cos. closed a deal to buy 25,000 acres of unused and [...]

IAMGOLD’s Boto Project, Senegal Exploration Update

IAMGOLD Corporation is pleased to announce the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of the Birimian Kedougou-Kenieba greenstone belt. The concessions also cover a significant strike [...]

Tag: senegal oil exploration

Logan Resources begins drilling on Brynnor Iron project, Vancouver Island

Logan Resources Ltd. announce that it has received the permit to begin drilling the Brynnor Iron project, located on its 100%-owned Redford Property, Vancouver Island, British Columbia. Crews mobilized over the weekend and drilling has now started. The Company plans to complete 6,200 metres of diamond drilling in 20 holes. D.J. Drilling Ltd. has been [...]

Zone Oil & Gas, LLC Signs Joint Venture Agreement with Penn Virginia

Zone Oil & Gas, LLC (ZONE) announced that it has signed an Exploration and Geophysical Joint Venture Agreement with Penn Virginia Corporation.
The Joint Venture covers approximately 40,000 acres under lease in Tioga, Potter, Somerset, Westmoreland and Fayette Counties, Pennsylvania, and centers on exploring the Marcellus Shale, and the Oriskany and Tuscarora formations. Under the terms [...]

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Kinross to Acquire 100% Interest in Lobo-Marte in Chile From Teck and Anglo American

Kinross Gold Corporation announced that it has entered into separate agreements with Teck Cominco Limited and certain subsidiaries of Anglo American plc pursuant to which Kinross will acquire a 100% interest in Minera Santa Rosa SCM for an aggregate purchase price of approximately US$250 million, plus a royalty. Minera owns 100% of the Lobo-Marte [...]

MMX Mineração e Metálicos S.A. Publicly Held Company Material Fact

MMX Mineração e Metálicos S.A., in compliance with article 157 of Law 6,404/76 and CVM Instruction 358, of January 3, 2002, hereby informs that Anglo American and Mr Eike Batista, the controlling shareholder of MMX and IronX Mineração S.A. (“IronX”), announce that they are progressing the proposed transaction through which Anglo American will acquire control [...]

Weststar Receives NI 43-101 Technical Report on Saskatchewan Tobin Lake 18 Meter Coal Property

Weststar Resources Corp. announce that it has received a NI 43-101 Technical Report on the Saskatchewan Tobin Lake 18 Meter Coal property. The report, dated January 6, 2009, is authored by Marvin A. Mitchell, P. Eng of Mitchell Geological Services Inc. and will be filed on SEDAR shortly.
The Tobin Lake 18 Meter Coal property consists [...]

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