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Random News from Mining Top News

Global Industries, Ltd. Awarded US$75 Million Pipeline Project in Pemex’s Bay of Campeche Ixtal Field

Global Industries, Ltd. announced that it has been awarded a project from Petroleos Mexicanos (Pemex) for pipeline work in Pemex’s Ixtal Field in the Bay of Campeche.
The project, worth approximately US$75 million, is scheduled to begin in October and be completed by the end of January, 2009. Global will be utilizing the Shawnee as the [...]

Denison Awarded Care and Maintenance Contract at the Faro Mine Complex, Yukon

Denison Mines Corp. announced that Denison Environmental Services (“DES”), a division of Denison Mines Inc., a wholly owned subsidiary of the Company, has been awarded a contract for care and maintenance at the Faro Mine Complex in the Yukon.
The three year, $7.2 million per annum contract has been awarded following a six-month competitive public tender [...]

Petroleum Traders Corporation Company Profile

Petroleum Traders Corporation barters with fuel. The company provides wholesale gasoline, diesel fuel, and heating oil to fuel distributors, government agencies, and other large consumers of fuel such as businesses with vehicle fleets. The largest pure wholesale fuel distributor in the country, Petroleum Traders operates and trades in more than 30 US states. It supplies [...]

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Australian Market Slips On Lower Oil, Gold And Base Metal Prices

Sydney shares closed in the negative territory on lower oil, gold and base metal prices. Mining stocks declined. The benchmark S&P/ASX 200 index slipped 12.8 points or 0.2% to 5,572.0. Out of the 201 stocks traded, 115 stocks declined, 68 advanced and 18 closed flat. Turnover was A$4.03 billion on a volume of 466.65 million [...]

Mine safety agency comes under scrutiny

Two federal agencies have begun separate investigations of the U.S. Mine Safety and Health Administration and its performance protecting underground coal miners, the Pittsburgh Post-Gazette has learned.
The audits are being conducted by the inspector general’s office in the U.S. Department of Labor, which oversees MSHA, and the Government Accountability Office, an arm of Congress.
The inspector [...]

Dynamic Materials Receives $8.7 Million in Contracts for Work on Project in Madagascar

Metalworking company Dynamic Materials Corp. said Tuesday it received two contracts collectively valued at $8.7 million to produce explosion-welded plates for a nickel hydrometallurgy project in Madagascar, an island nation off the coast of southern Africa.
Both orders are expected to ship during the first half of fiscal 2007 and were placed by Chinese and European [...]

Kaminak’s Partner Completes Drilling on Cry Lake, British Columbia

Kaminak Gold Corporation announced that project partner Solomon Resources Ltd. completed a diamond drill program on Kaminak’s 100% owned Cry Lake Gold-Silver Project located in north western British Columbia, Canada. The program was funded by Kaminak’s partner who completed two diamond drill holes totalling 416 metres as well as geological mapping and sampling of an [...]

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Boliden Signs Long-Term Electricity Agreement with Norwegian Firm Statkraft

Boliden Odda AS and Norwegian power company Statkraft have entered into agreements for the supply of electricity for the periods 2009-2020 and 2021-2030. The total quantity of electricity supplied under both contracts amounts to 900 GWh/year.
“The agreements ensure Boliden’s access to a dependable and long-term supply of electricity, at predictab
le prices, for the Odda zinc [...]

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Golden River Resources Takes Placement in Canadian Company Acadian Mining Corp

Golden River Resources Corporation announced that it has reached agreement with Acadian Mining Corporation to subscribe in a private placement transaction for up to 338,111,334 common shares in Acadian for aggregate gross investment of up to C$10 million. The Offering is contemplated to close in two or more tranches. Following closing of all tranches, [...]

Zcom Networks, Inc. Announces Management Visit and Excavation Planning

Zcom Networks, Inc. announced that company management will visit the company’s 160 acre precious metals mine CLS#12 in Ridgecrest, California later this week. Management has also scheduled meetings with a team of geologists, mine engineers, and analysts to examine existing data and formulate a course of action for the installation and execution of preliminary extractions [...]

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