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Random News from Mining Top News

Western Canadian Coal repays short-term debt with strong operating cash flows

Western Canadian Coal Corp announces that strong operating cash flows has enabled a recent repayment of the US $30 million short term debt facility that was provided by Audley European Opportunities Master Fund.
In addition, as a result of the expected continuation of strong operating cash flows, the Company has entered into an agreement with Scotia [...]

New coal mine planned in Western Kentucky

A Western Kentucky coal mine operator is seeking permits to open a new mine in the region before the end of the decade.
Pact Resources LLC wants to open an underground mine near Sebree that could employ up to 140 miners, according to a statement by Ron Siler, co-owner of the Henderson-based company.
Pact Resources hopes to [...]

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Independent Nickel Corp. Provides Update For the Lynn Lake Nickel Mine

Independent Nickel Corp. is providing an update on the Company’s activities at the Lynn Lake Nickel mine Property.
With the completion of recent financings, the Company is now funded to begin a large scope exploration program at the Lynn Lake nickel mine. The Company has signed a contract for 20,000 metres of diamond drilling with Foraco [...]

Petrobras Distribuidora S.A. Company Profile

Petrobras Distribuidora is the retail distribution arm of Brazil’s state-owned oil company, PETRÓLEO BRASILEIRO (PETROBRAS), which is also the country’s largest government-controlled business. From its warehouses and more than 7,000 service stations, Petrobras Distribuidora (known by the brand name BR) furnishes the nation with petroleum derivative products, including gasoline, lubes, fuel oil, hydrated alcohol, and [...]

Costello is upbeat about coal plant

U.S. Rep. Jerry Costello said Thursday he’s disappointed the two Illinois sites that are finalists for a job-creating coal plant aren’t closer to Belleville, but added that if a Southern Illinois town gets FutureGen, the whole region will benefit.
Mattoon and Tuscola, two towns between U.S. 45 and Interstate 57, were announced Tuesday as two of [...]

Codelco averts strike at copper mine in Chile

Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union [...]

Ritchie Bros. attracts thousands of bidders to auctions in new and established markets

Ritchie Bros. Auctioneers, the world’s largest auctioneer of industrial equipment, attracted thousands of bidders to seven unreserved public auctions in four countries last week – including its first ever auction in Poland. The successful multi-million dollar equipment auction in Katowice, Poland on November 14, 2008 attracted hundreds of on-site and online bidders from 26 countries. [...]

Coal company pleads guilty to safety violation

CHARLESTON, W.Va. – A subsidiary of Richmond-based Massey Energy faces a fine of up to 200-thousand dollars after pleading guilty to failing to perform a safety examination at a West Virginia coal mine.
White Buck Coal Company also faces up to five years probation. Sentencing is set for May 15th in federal court in Charleston.
White Buck [...]

Learning the ins, outs of oil and gas

San Juan County residents who are curious about how oil and natural gas are produced can attend a class at San Juan College’s School of Energy.
The class, “The Oil and Gas Industry: An Introduction Story,” will explain the process in easily understood language.
“I start with geology and end up with capping the well,” said course [...]

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Uranium mine ban under new pressure

Premier Alan Carpenter has come under renewed pressure to lift the ban on uranium mining after new research estimated an expansion of the uranium industry would help cut up to 15 billion tonnes of greenhouse gases and deliver a $27 billion boost to the economy.
Federal Resources Minister Martin Ferguson released a report yesterday which estimated [...]